Business Wire Merger/Acquisition News

Tortoise Capital Resources Corp. Announces Closing of Timberline Energy, LLC Sale

Wed, 10 Feb 2010 00:08:00 UT

LEAWOOD, Kan.--(BUSINESS WIRE)--Tortoise Capital Resources Corp. (NYSE: TTO) today announced that its portfolio company, Mowood, LLC (Mowood), closed the sale of its wholly owned subsidiary Timberline Energy, LLC (Timberline) to Landfill Energy Systems, LLC (LES). Timberline is an owner and developer of projects that convert landfill gas to energy. Following the transaction, Mowood will continue its ownership and operation of Omega Pipeline Company, LLC (Omega), a local distribution company whic

Airgas Board of Directors Rejects Unsolicited Proposal from Air Products

Tue, 9 Feb 2010 22:23:00 UT

RADNOR, Pa.--(BUSINESS WIRE)--Airgas, Inc. (NYSE:ARG) today announced that its Board of Directors has unanimously determined that the unsolicited proposal from Air Products & Chemicals, Inc. (NYSE:APD) (“Air Products”) announced on February 5, 2010, very significantly undervalues Airgas and its future prospects and is not in the best interests of Airgas stockholders. The Board rejected the Air Products’ proposal after a thorough review and reached its decision after careful

Inland American Real Estate Trust, Inc. announces $154 million in new acquisitions

Tue, 9 Feb 2010 19:38:00 UT

Inland American Real Estate Trust, Inc., a public non-traded REIT, recently purchased two shopping centers and two multifamily properties for approximately $154 million.

Renewable Funding, Leading Financier of Property Assessed Clean Energy (PACE) Programs, Acquires Information Technology Company ProjectDX

Tue, 9 Feb 2010 18:33:00 UT

OAKLAND, Calif.--(BUSINESS WIRE)--Renewable Funding has purchased Portland-based ProjectDX, a company that provides technical support and automated processes for governments seeking to increase participation in local sustainability programs. Renewable Funding – the nation's leading financier of property assessed clean energy (PACE) programs – will leverage ProjectDX’s expertise to offer even more comprehensive services to help governments and property owners make energy efficie

EverBank Completes Acquisition of Tygris

Tue, 9 Feb 2010 15:33:00 UT

JACKSONVILLE, Fla.--(BUSINESS WIRE)--EverBank Financial Corp.®, one of the nation's largest privately-held financial services firms, today announced the successful completion of its acquisition of Tygris Commercial Finance Group, Inc., a commercial finance and leasing company that provides product financing solutions to business customers originated through select dealers, distributors, and manufacturers in the healthcare, office equipment, and technology markets across the U.S. The additio

Hanover Real Estate Partners Summarizes 2009 Business Developments

Tue, 9 Feb 2010 15:00:00 UT

Hanover Real Estate Partners announces key business developments of 2009, focusing on repositioning underpeforming real estate assets.

Annaly Capital Management, Inc. Announces Pricing of Public Offering of Convertible Senior Notes

Tue, 9 Feb 2010 14:13:00 UT

NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. (NYSE: NLY) today announced the pricing of its public offering of $500.0 million in aggregate principal amount of its 4% convertible senior notes due 2015. Annaly granted the underwriter of the notes a thirty-day option to purchase up to an additional $75.0 million aggregate principal amount of the notes solely to cover over-allotments. The net proceeds to Annaly from this offering, after deducting underwriting discounts and estimated of

Health and Wellness at Work: CIGNA Expanding Onsite Health Programs

Tue, 9 Feb 2010 14:08:00 UT

CIGNA is expanding its onsite health and wellness capabilities by acquiring Kronos Optimal Health Company in Phoenix.

Calavo Growers, Inc. Establishes Majority Owned Subsidiary, Calavo Salsa Lisa, LLC, and Acquires Lisa’s Salsa Company

Tue, 9 Feb 2010 14:00:00 UT

SANTA PAULA, Calif.--(BUSINESS WIRE)--Calavo Growers, Inc. (Nasdaq-GS:CVGW), the global leader in avocado marketing and an expanding provider of other fresh perishable products, today announced the formation of majority owned Calavo Salsa Lisa, LLC, and that business’s acquisition of Lisa’s Salsa Company of St. Paul, Minn. Under the terms of the transaction, Calavo’s expansion into the growing fresh refrigerated salsa category comes through a 65 percent ownership interest in Ca

KeyOn Closes Second Acquisition under Rural UniFi Program

Tue, 9 Feb 2010 13:30:00 UT

OMAHA, Neb.--(BUSINESS WIRE)--KeyOn Communications Holdings, Inc. (OTCBB: KEYO), one of the largest providers of wireless broadband, satellite video and voice over Internet protocol (VoIP) services in the United States, announced closing the acquisition of substantially all of the assets of Affinity Wireless Services, LLC. Affinity’s network assets and wireless broadband subscribers are located in southern Iowa, contiguous with a portion of KeyOn’s existing Iowa markets. As with prio

Spectrum Brands Adds Russell Hobbs to Its Portfolio to Create a $3 Billion Global Consumer Products Company

Tue, 9 Feb 2010 13:00:00 UT

ATLANTA--(BUSINESS WIRE)--Spectrum Brands (“Spectrum”) (OTC: SPEB) and Russell Hobbs, Inc. (“Russell Hobbs”) today announced they have signed a definitive agreement to bring Russell Hobbs’ network of well-known small appliance brands into Spectrum’s operating structure to form a new global consumer products company with an estimated $3 billion in annual revenues, a strong balance sheet, and a diverse portfolio of market-leading brands. This all-stock transacti

WHAM-O® and Sprig™ Merge, Launch WHAM-O® Jr.

Tue, 9 Feb 2010 13:00:00 UT

EMERYVILLE, Calif.--(BUSINESS WIRE)--Toy and activity game manufacturer WHAM-O, Inc. has joined forces with Colorado-based Sprig Toys, Inc. to offer an innovative line of battery-free, kid-powered preschool products under the new WHAM-O® Jr. brand. The strategic partnership will enable Sprig’s eco-friendly specialty line to be offered on a greater scale and will give WHAM-O access to Sprig’s proprietary material Sprigwood™ – a durable, child-safe, bio-composite made

Calico Energy Services and Invaluable Technologies Complete Merger

Tue, 9 Feb 2010 13:00:00 UT

Calico Energy Services and Invaluable Technologies today announced the completion of their previously announced merger.

Engle Martin & Associates, Inc. Announces Acquisition of United Services Administrators

Tue, 9 Feb 2010 09:00:00 UT

Engle Martin & Associates, Inc. Announces Acquisition of United Services Administrators