New Law Blogs

CDC Software Closes Two Seven Digit Deals In Third Quarter And Reports Increasing Sales Visibility

Posted on September 17, 2010
TCB is defined as the total amount of contracted unrecognized SaaS revenue and the total amount of contracted unrecognized term license or rental contracts, plus annualized maintenance figures based on the rolling average of the previous 12 months. CDC Software has secured TCB of approximately $140 million ($99 million for maintenance and $41 million for SaaS) as of July 31, 2010, compared to...

Discover Financial Services To Acquire $4.2 Billion of Private Student Loans And The Ongoing Business of The Student Loan Corporation

Posted on September 17, 2010
- Acquisition expands Discover's market presence and origination capabilities in private student loans Riverwoods, IL, Sept. 17, 2010 - Discover Financial Services (NYSE:DFS) today announced that it has reached an agreement to acquire The Student Loan Corporation ("SLC") for $600 million, or $30 per share...

GLG Life Tech Corporation Announces Exclusive Supply Agreement Signed In China For Its Stevia Extracts – $us 12.6 Million Initial Purchase Order

Posted on September 16, 2010
FXY is a privately held Chinese company based in the Xiaogang region in Anhui province. FXY produces consumer products including stevia and stevia/sugar tabletop sweeteners, reduced and zero calorie beverages and food products mainly for the Chinese market...

Abakan To Acquire Interest In Powdermet And Its Advanced Material Technologies

Posted on September 15, 2010
Abakan Inc.?s (OTCQB:ABKIE) management is pleased to announce that it has entered into a stock purchase agreement to acquire a 41% interest in Powdermet, Inc. An initial payment of $500,000 has been paid with a closing for the remaining purchase price anticipated on or before September 30...

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Grace To Acquire Synthetech, Inc. For Single-site Catalyst Production

Posted on September 15, 2010
Columbia, Maryland ? September 13, 2010 ? W. R. Grace & Co. (NYSE:GRA) and Synthetech, Inc. (NZYM.OB) today announced that they have entered into a definitive merger agreement under which Grace will purchase Synthetech, a manufacturer of fine chemicals specializing in organic synthesis, biocatalysis and chiral technologies...

Cohen & Company To Acquire JVB Financial Holdings

Posted on September 14, 2010
Philadelphia, PA and New York, NY – September 14, 2010 Cohen & Company Inc. (AMEX: COHN), a leading investment firm specializing in credit-related fixed income investments, today announced the signing of a definitive agreement pursuant to which Cohen Brothers, LLC ("Cohen Brothers"), a majority-owned subsidiary of Cohen & Company, will acquire JVB Financial Holdings, LLC ("JVB") for $16...

Comtech And Cpi International Announce Termination of Merger Agreement

Posted on September 09, 2010
Melville, N.Y. and Palo Alto, Calif. ? September 7, 2010 ? Comtech Telecommunications Corp. (Nasdaq: CMTL) and CPI International, Inc. (Nasdaq: CPII) today announced that, effective as of September 7, 2010, they have terminated the Agreement and Plan of Merger, dated May 8, 2010, among Comtech, Angels Acquisition Corp...

Obagi medical Products Gives Notice of Termination of 2006 Agreement With DR. Zein Obagi And Related Parties

Posted on September 09, 2010
Long Beach, Calif. ? September 2, 2010 ? Obagi Medical Products, Inc. (NASDAQ: OMPI), a leader in topical aesthetic and therapeutic skin health systems, today announced that it has exercised its right to terminate its 2006 Agreement (the ?Agreement?) with Dr...

Geltech Solutions, Inc. Signs $5 Million Purchase Agreement With Lincoln Park Capital Fund, LLC

Posted on September 07, 2010
September 7, 2010 ? GelTech Solutions Inc, (OTC Bulletin Board: GLTC), creators of FireIce, a revolutionary water enhancing fire suppressant that has the potential to change current firefighting techniques globally, announced today that it has signed a purchase agreement for up to $5 million with Lincoln Park Capital Fund LLC (?Lincoln?), a Chicago-based institutional investor.

Inergy To Acquire Tres Palacios Natural Gas Storage Facility

Posted on September 07, 2010
Kansas City, MO (September 7, 2010) – Inergy, L.P. (NYSE:NRGY) ("Inergy") announced today that its wholly owned subsidiary, Inergy Midstream, LLC, has executed a definitive agreement to purchase Tres Palacios Gas Storage LLC, the owner of the Tres Palacios natural gas storage facility, for $725 million plus reimbursement of certain capital expenditures and subject to customary net working capital.

KCS Announces Establishment of $100 Million KCSM Credit Agreement And Redemption of $64 Million of KCSM Senior Notes

Posted on September 03, 2010
Headquartered in Kansas City, Mo., Kansas City Southern is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U...

Schlumberger Completes Merger With Smith International

Posted on August 27, 2010
The merger widens Schlumberger's lead as the world's largest oilfield services company based on revenue and market capitalization. Smith's drilling technologies, other products and expertise complement a variety of Schlumberger technology offerings, while the geographical footprint of Schlumberger will enable the merged companies to extend joint offerings worldwide.

Solera Holdings, Inc. Aligns The United States/The Netherlands/Canada Into The Hemi Region; Plan Includes Targeting $150 Million In Capital For Mergers And...

Posted on August 26, 2010
"There are a number of reasons why we are aligning these markets into the HEMI Region," said Tony Aquila, founder, Chairman and CEO of Solera Holdings, Inc. "Here are three reasons: The creation of the HEMI Region is consistent with our operating principles and is a strategic component of our mission to reach $1 billion in annual revenues and $400 million – $450 million in annual Adjusted EBITDA.

Nanophase Technologies And Altana Ag Enter Into New Supply Agreement

Posted on August 25, 2010
"The parties are convinced that a new and more flexible basis of cooperation will provide both companies more options and opportunities in their markets instead of the former, restricted agreement," said Jess Jankowski, President and CEO of Nanophase...

Pricewaterhousecoopers LLP To Acquire Diamond Management & Technology Consultants, Inc. For $378 Million

Posted on August 24, 2010
Robert Moritz, US Chairman and Senior Partner of PricewaterhouseCoopers LLP, said, "We are pleased to bring to PwC a group of highly talented professionals with a proven track record of consistently delivering world class service. The acquisition reflects our long-standing commitment to provide the expertise and experience necessary to assist our clients in addressing their highest priority...

Tradestation Acquires Leading Portfolio Strategy Testing Technology Acquisition Brings New Dimension To Tradestation's Industry-leading Strategy Trading...

Posted on August 23, 2010
"Portfolio testing has been one of the most requested features by TradeStation customers for several years, so it is very exciting to soon be able to provide our clients with a professional-level, portfolio back-testing solution," said John Bartleman, TradeStation Securities' Vice President of Product Management...

Sterling Financial Corporation of Spokane, Wash., Announces Agreements To Raise $730 Million In New Capital

Posted on August 20, 2010
SPOKANE, Wash. - August 20, 2010 - Sterling Financial Corporation (NASDAQ:STSA) ("Sterling"), the bank holding company of Sterling Savings Bank, today announced agreements to raise a total of $730 million in new capital from institutional, private equity and other accredited investors...

Anavex Appoints Contract Research Organizations To Initiate Phase I/IIA Clinical Programs, Regulatory Strategies In Alzheimer's Disease

Posted on August 18, 2010
"Selecting Genesis and ABX-CRO to advance ANAVEX 2-73 to the clinical research phase is a major milestone for us", states Dr. Cameron Durrant, Executive Chairman of Anavex. "Both partner organizations have a strong track record of conducting and managing, successful pre-clinical and clinical studies in Alzheimer's disease, including regulatory approaches...

Blockbuster Reports Second Quarter 2010 Financial Results And Announces New Forbearance Agreement As It Continues To Engage In Productive Recapitalization...

Posted on August 13, 2010
Jim Keyes, chairman and chief executive officer of Blockbuster Inc., stated, "We appreciate the continued cooperation of our senior secured noteholders and the other parties involved in our ongoing recapitalization efforts. While making progress, this extension allows additional time to complete these complex, multiparty negotiations...

TNP Strategic Retail Trust Acquires San Jacinto Esplanade In San Jacinto, California

Posted on August 13, 2010
San Jacinto Esplanade is a 56,473 square foot multitenant retail center built in 2007 and located on 11.54 acres and includes over 30,000 square feet of vacant land pad sites. The property is approximately 52 percent leased. Major tenants include fresh&easy™, Jack in the Box® and Starbucks...

Veraz Networks Reports Second Quarter 2010 Financial Results, Update Concerning Proposed Merger With Dialogic

Posted on August 12, 2010
"We began to see significant traction in Q2 with our SBC product. While we are encouraged by the market response to this new product, we saw lower than anticipated overall revenues for Q2, largely driven by restrictions in shipping already accepted orders in India-an issue that is being experienced by many of the technology companies selling into Indian carriers," said Doug Sabella, Chief...

Blount International Acquires Speeco

Posted on August 11, 2010
PORTLAND, OR ? August 10, 2010 ? Blount International, Inc. (NYSE: BLT) (?Blount?), a leader in the manufacturing, marketing, and distribution of replacement parts, equipment, and accessories for the global forestry, lawn and garden, and construction industries, today announced the acquisition of SP Companies, Inc...

Magellan Petroleum Corporation Enters Into Second Private Placement Agreements With Its Strategic Investor

Posted on August 11, 2010
The placement involves the issuance and sale of up to 5.2 million new shares of the Company's common stock, $0.01 par value per share ("Common Stock"), to YEP and/or one or more of its affiliates in return for $3.00 per new share issued and sold. Placement of the shares is expected to occur in one or more closings through December 25, 2010, with the proceeds to be used to cover operating and...

Catalyst Health Solutions And Independence Blue Cross Announce Agreement On Sale of Pharmacy Benefit Management Company Futurescripts

Posted on August 10, 2010
ROCKVILLE, Md. and PHILADELPHIA, Pa., August 4, 2010 - Catalyst Health Solutions, Inc., (NASDAQ:CHSI) and Independence Blue Cross (IBC) announced today that they have entered into a definitive agreement for Catalyst to acquire IBC's pharmacy benefit management subsidiaries, FutureScripts, LLC and FutureScripts Secure, LLC (FutureScripts), for $225 million, which includes the value of a future tax.

Sparton Completes Acquisition of Delphi Medical Systems Contract Manufacturing Business

Posted on August 09, 2010
SCHAUMBURG, Illinois – August 9, 2010 – Sparton Corporation (NYSE: SPA), a supplier of complex and reliable electronic and electro-mechanical products, sub-assemblies and related services to the highly regulated Medical, Defense & Security, and Aerospace markets announces that on August 6, 2010 its wholly owned subsidiary, Sparton Medical Systems Colorado, LLC, completed its previously announced...

Exhibit 99.1 Pacific Blue Energy Corp. Acquires Land For Second Solar Farm Project

Posted on August 06, 2010
PHOENIX, July 21 /PRNewswire-FirstCall/ - Pacific Blue Energy Corp. (OTCBB:PBEC.ob - News), a development stage renewable energy company, is pleased to announce that it has entered into an agreement for the acquisition of 100 acres in Gila Bend, Arizona, subject to closing conditions...

Stellar Pharmaceuticals Inc. Signs Agreement For Distribution And Sale of Uracyst® In Spain

Posted on August 06, 2010
LONDON, Ontario July 30, 2010 ? Stellar Pharmaceuticals Inc. ("Stellar") (OTCBB:SLXCF), a Canadian pharmaceutical developer and marketer of high quality, cost-effective products for select health care markets, today reported signing an license agreement with Laboratorios Inibsa, S...

Silver Wheaton Finalizes Amended Silver Purchase Agreement In Conjunction With Goldcorp's Sale of The San Dimas Mine

Posted on August 06, 2010
• The term of the silver purchase agreement, which previously ended in 2029, has been increased to life-of-mine; • During the first four years following closing, Primero will deliver to Silver Wheaton a per annum amount equal to the first 3.5 million ounces of payable silver produced at San Dimas and 50% of any excess, plus Silver Wheaton will receive an additional 1...

Rubicon Technology, Inc. Reports Record Second Quarter 2010 Results of Operations And Announces The Signing of A New $71 Million Supply Agreement For Six...

Posted on August 05, 2010
Commenting on the results, Raja Parvez, President and CEO said, "We had a very strong quarter reaching historical highs in revenue and earnings. We continued to dramatically increase gross margin and earnings per share in the quarter through increased pricing, improved product mix, and operational efficiency...

Azz Incorporated Completes Merger of Its Merger Subsidiary With And Into North American Galvanizing & Coatings, Inc.

Posted on August 04, 2010
August 3, 2010 ? Fort Worth, TX ? AZZ incorporated (?AZZ?) (NYSE: AZZ), a manufacturer of electrical products and a provider of galvanizing services, today announces the consummation of the merger of North American Galvanizing & Coatings, Inc. (?NGA?) with and into Big Kettle Merger Sub, Inc...

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