tag:blogger.com,1999:blog-81607217477410005022012-01-26T17:25:44.990-08:00VISIT OUR NEW WEBSITE AT WWW.SPECIALSITUATIONSMONITOR.COMFarukh Farooqinoreply@blogger.comBlogger3101100tag:blogger.com,1999:blog-8160721747741000502.post-85155556793887580382011-01-06T16:09:00.000-08:002011-10-31T05:32:16.239-07:00

WWW.SPECIALSITUATIONSMONITOR.COM

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-7274807487072173982010-12-29T07:08:00.000-08:002011-04-19T08:45:41.885-07:00

On December 23, 2010, the transactions contemplated by the registered exchange offer described in the Restructuring Support Agreement were consummated and the Reporting Persons validly tendered all of their Convertible Senior Notes to the Issuer and the Reporting Persons did not withdraw them.In connection with the registered exchange offer, the Reporting Persons received 3,962.18 Shares for each

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-34632757400155709372010-12-29T07:02:00.000-08:002011-04-19T08:46:25.814-07:00

BIGLARI HOLDINGS INC.175 EAST HOUSTON STREET, SUITE 1300SAN ANTONIO, TEXAS 78205TELEPHONE (210) 344-3400FAX (210) 344-3411SARDAR BIGLARI, CHAIRMANDecember 28, 2010William L. JohnsonChairmanSpecial Committee of the Board of DirectorsFremont Michigan InsuraCorp, Inc.933 East Main StreetFremont, Michigan 49412Dear Bill:Biglari Holdings Inc. currently owns 9.7% of the outstanding shares of common

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-47946436534410923082010-12-29T06:56:00.000-08:002011-04-19T08:47:44.185-07:00

Source: Bankruptcydata.comThe U.S. Bankruptcy Court signed a final order authorizing Point Blank Solutions to obtain replacement post-petition secured financing. As previously reported, the official committee of unsecured creditors and official committee of equity security holders filed a motion for approval of a $25 million post-petition secured credit facility and an equity commitment agreement

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-83445695993194479332010-12-29T06:49:00.000-08:002011-04-19T08:48:01.847-07:00

BEDFORD, Mass.,Dec. 29, 2010 /PRNewswire-FirstCall/ -- GSI Group Inc. (the "Company" or "GSI") announced that the 1 for 3 reverse stock split previously approved by the Company's Board of Directors and shareholders became effective today at the open of business. Following the reverse stock split, the Company has approximately 33.3 million common shares issued and outstanding. The Company's common

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-70112698836971196822010-12-23T14:49:00.000-08:002011-05-05T13:58:33.433-07:00

ATHENS, GREECE--(Marketwire - 12/23/10) - DryShips Inc. (NASDAQ:DRYS - News) (the "Company" or "DryShips"), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced today that it has entered into agreements with a first class Korean shipyard to purchase twelve high specification newbuilding tankers at a total purchase price of

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-2714069231409084272010-12-23T12:50:00.001-08:002011-05-05T13:59:25.703-07:00

New York, NY, December 20 2010 – American Media, Inc. (“AMI” or the “Company”) announced today that the U.S. Bankruptcy Court for the Southern District of New York has confirmed its Plan of Reorganization, clearing the way for AMI to emerge from its voluntary pre-packaged Chapter 11 reorganization by the end of 2010. The confirmed Plan of Reorganization will strengthen AMI’s capital structure,

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-79668539468433014842010-12-23T10:24:00.000-08:002011-05-05T13:59:12.169-07:00

LASR reminds us of another very successful post reorg, Global Power Equipment Group: 1. Both are excellent businesses.2. Both went into Chapter 11 due to non-fundamental reasons - - delinquent on SEC filings.3. Both exited bankruptcy via a rights offering.4. In both cases, there was substantial value retained by pre-petition shareholders.We came across this detailed write up in a value investing

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-49484422185147900242010-12-23T06:42:00.000-08:002011-05-05T13:58:49.825-07:00

Item 4 of the Schedule 13D is hereby amended and supplemented as follows: “On December 21, 2010, the Reporting Persons received a written response to their letter dated December 16, 2010 from James C. Dyer, IV, the Chief Executive Officer of the General Partner. Mr. Dyer expressed that the General Partner continues to review and assess possible modifications to the GTA. A copy of Mr. Dyer’s

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-10043142138093706752010-12-23T06:18:00.000-08:002011-05-05T13:59:52.563-07:00

Sunoco Inc. Chief Executive Officer Lynn Elsenhans has figured out the best strategy for stanching losses from the refining business: get rid of refineries. Elsenhans, 54, boosted Sunoco to the top of the list of major U.S. oil and gas companies in returns this year as the stock gained 53 percent. She took charge of the second-largest U.S. independent refiner in 2008, just as fuel demand slumped

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-35476415786300196072010-12-23T06:05:00.000-08:002011-05-05T14:00:06.719-07:00

ATHENS, Greece, Dec. 23, 2010 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX - News) ("Diana Shipping"), a global shipping company specializing in the transportation of dry bulk cargoes, today announced that its Board of Directors has approved the partial spin-off of its interest in the Company's majority-owned subsidiary Diana Containerships Inc., of which Diana Shipping currently owns

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-37580566404572253632010-12-22T13:56:00.000-08:002011-05-05T14:00:19.163-07:00

BOSTON (Reuters) - A lawsuit filed against Philip Falcone charges that the investor took advantage of his position in engineering a stock swap between his hedge fund and a small publicly traded company that he also controls.Harbinger Group Inc, a holding company with little more than $100 million in cash on its balance sheet, is paying too much for the assets of Spectrum Brands Holdings Inc,

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-87754318300759165812010-12-20T14:36:00.000-08:002011-05-05T14:00:32.544-07:00

CHICAGO--(BUSINESS WIRE)-- General Growth Properties, Inc. today announced its Board of Directors has declared a common stock dividend of $0.38 per share, payable in a combination of cash and common stock. The dividend is payable on January 27, 2011, to stockholders of record on December 30, 2010. The cash component of the dividend will be limited to 10% in the aggregate. In accordance with

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-70034870095068987032010-12-20T13:40:00.001-08:002011-05-05T14:00:43.433-07:00

WILMINGTON, Delaware (Reuters) - Bankrupt video rental chain Blockbuster Inc (Other OTC:BLOAQ.PK - News) plans to close 182 stores by the end of the first quarter of next year as it tries to find a way back on its feet.The largest U.S. video rental chain plans to close 72 stores by January 1 and 110 more in the first quarter of 2011, according to documents filed on Friday in Manhattan's

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-66038950799237280562010-12-20T13:32:00.000-08:002011-05-05T14:00:57.518-07:00

December 20, 2010The Board of Directorsc/o William S. Jacobs, SecretaryEMS Technologies, Inc.660 Engineering DriveNorcross, Georgia 30092Dear Members of the Board,During the four weeks since our meeting with Chairman Mowell, Director Bolton and members of senior management, we have spent considerable time and effort reviewing our analysis of EMS Technologies, Inc. ("EMS"). We have reaffirmed our

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-87258110116211821082010-12-20T08:09:00.000-08:002011-05-05T14:01:27.201-07:00

Item 4. Purpose of Transaction Item 4 is hereby amended to add the following information: On December 15, 2010, the Company announced that it had entered into an Agreement and Plan of Merger (the “IEH Merger Agreement”) with IEH Merger Sub LLC, a Delaware limited liability company (“Parent”), and IEP Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent, pursuant to

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-20657642175644545702010-12-20T06:26:00.000-08:002010-12-20T06:28:10.773-08:00

NEW YORK--(BUSINESS WIRE)-- The Pacholder High Yield Fund, Inc. (NYSE AMEX:PHF) declared a special dividend of $0.205 per common share payable on December 30, 2010 to shareholders of record on December 28, 2010. The ex-date for the dividend is December 23, 2010. The dividend is in addition to the $0.060 per common share monthly dividend for December which is also payable on December 30, 2010 to

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-84293561679173054102010-12-20T06:19:00.000-08:002010-12-20T06:22:14.488-08:00

Form 13D - Telenor Does Not Support Proposed VimpelCom Acquisition of Weather Investments (Fornebu, Norway — 20 December 2010) As formally communicated to VimpelCom Ltd.’s Chairman yesterday, based on the information available to it and recent developments, Telenor ASA has determined that the proposed acquisition by VimpelCom Ltd. of Weather Investments S.p.A. is not in the best interests of

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-45360818819049225512010-12-20T06:00:00.000-08:002010-12-20T06:02:59.824-08:00

TULSA, Okla., Dec. 20, 2010 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (GLPW:$21.60,00$0.24,001.12%) ("Global Power") announced today that it has paid down the term loan arranged upon emergence from bankruptcy in January of 2008 in its entirety. The balance on the term loan facility was $24.6 million as of September 30, 2010."We continue to streamline our capital structure, and are

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-75758858896550946192010-12-17T15:09:00.000-08:002010-12-17T15:12:24.182-08:00

Item 4. Purpose of Transaction. The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were significantly undervalued and represented an attractive investment opportunity......The Reporting Persons are concerned by, among other things, the persistent discount to net asset value at which the Shares have been trading and believe that the

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-80971131132234956912010-12-17T15:03:00.000-08:002010-12-17T15:05:47.421-08:00

Item 4. Purpose of TransactionThe Reporting Persons acquired the Shares in the belief that the Shareswere undervalued. The Reporting Persons have had and intend to seek to continueto have conversations with the Issuer's management to discuss the business andoperations of the Issuer and the maximization of shareholder value.The Reporting Persons may, from time to time and at

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-65012162105937730432010-12-17T14:54:00.000-08:002010-12-17T14:55:59.860-08:00

Retention Program. In connection with the announcement by SurModics, Inc. (the “Company” or “SurModics”) on December 14, 2010, that it is exploring strategic alternatives for its SurModics Pharmaceuticals business, including a potential sale of that business (a “Potential Transaction”), the Organization and Compensation Committee of the Board of Directors of the Company approved a Retention

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-88170496401113559052010-12-17T13:43:00.000-08:002010-12-17T13:45:13.431-08:00

NEW YORK (Dow Jones)--A hedge fund manager and major shareholder of Citadel Broadcasting Corp. is urging the radio-station owner to consider a merger proposal from a rival.R2 Investments LDC, a former Citadel bondholder that became a large equity holder after the company emerged from Chapter 11 protection in June, sent a scathing letter to Citadel's board saying it should look into a buyout offer

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-31307870239067744052010-12-17T13:40:00.000-08:002010-12-17T13:42:30.506-08:00

EVANSVILLE, Ind.--(BUSINESS WIRE)-- Today, Accuride Corporation , announced that NYSE Regulation, Inc. (NYSER) has authorized Accuride Corporation for listing on the New York Stock Exchange. It is anticipated that Accuride’s common stock will begin trading on the NYSE, under the symbol ACW, when the market opens on Wednesday, December 22, 2010.

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-74812111075457731682010-12-17T13:39:00.000-08:002010-12-17T13:40:27.946-08:00

ACTON, Mass. (Dec. xx, 2010) – SeaChange International, Inc. (NASDAQ: SEAC), the leading global multi-screen video software company, today announced the appointment of Peter A. Feld to its Board of Directors. Mr. Feld, a Managing Director of Ramius LLC and a Portfolio Manager of the Ramius Value & Opportunity Fund (“Ramius”), replaces ReiJane Huai as a director, whose resignation was accepted by

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-387686749055658762010-12-17T06:42:00.000-08:002010-12-17T06:45:56.506-08:00

ITEM 4. Purpose of Transaction The Reporting Person ("Attiva Capital Partners, Ltd.") believes that the current plan unanimously approved by both the lenders (led by " J.P. Morgan Chase & Co"), the Management of the Company ("the Halmis") and its Advisors ("Rothschild, Inc.") doesn't take into account the real value of the library and the value of stock.On the contrary, the plan takes advantage

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-67743778018489523962010-12-16T16:34:00.000-08:002010-12-16T16:36:06.249-08:00

BETHPAGE, N.Y.--(BUSINESS WIRE)-- Following the exploration of a possible spin-off of its Rainbow Media Holdings LLC business, Cablevision Systems Corporation (NYSE:CVC - News) today announced that its board of directors has authorized the company’s management to move forward with the leveraged spin-off of Rainbow Media to Cablevision’s stockholders. The spin-off would be structured as a tax-free

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-44213471911060142292010-12-16T16:30:00.000-08:002010-12-16T16:33:28.339-08:00

December 16, 2010 James C. Dyer, IVBlueknight Energy Partners G.P., L.L.C.c/o Vitol Inc.1100 Louisiana StreetSuite 5500Houston, TX 77002-5255 Dear Mr. Dyer: As you know, we own 3,576,944 Limited Partnership units (16.5% of the common units outstanding) of Blueknight Energy Partners, L.P. (“BKEP,” “Blueknight” or the “Partnership”). We have been owners since August 2008, and we have never sold a

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-43608875199190937632010-12-16T14:51:00.000-08:002010-12-16T14:52:38.288-08:00

GREELEY, CO, December 16, 2010 – Pilgrim's Pride Corporation (NYSE: PPC) today announced that its board of directors has appointed William W. Lovette as president and chief executive officer of the company, effective January 3, 2011. Mr. Lovette succeeds Don Jackson, who is resigning from the company effective January 2, 2011, in order to assume the position of president and chief executive

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-78441482250493124472010-12-16T14:48:00.000-08:002010-12-16T14:50:22.843-08:00

Item 4. Purpose of Transaction. The Reporting Persons have acquired their Shares of the Issuer for investment. The Reporting Persons evaluate their investment in the Shares on a continual basis. Except as set forth below, the Reporting Persons have no plans or proposals as of the date of this filing which, relate to, or would result in, any of the actions enumerated in Item 4 of the

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-46345037205468121122010-12-16T06:37:00.000-08:002010-12-16T06:39:49.432-08:00

Dec 16 (Reuters) - French retailer Carrefour (CARR.PA) will decide whether to spin off or do an initial public offering of its property unit estimated to be worth 11 billion euros ($14.65 billion) in the first half of next year, according to Les Echos.The operation is part of a broader bid by Carrefour to return money to shareholders and improve profits at the world's second largest retailer by

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-12248260773564486642010-12-16T05:46:00.000-08:002010-12-16T05:47:19.367-08:00

VALLEY CITY, OH--(Marketwire - 12/10/10) - Shiloh Industries, Inc. (NASDAQ:SHLO - News) announced that the Board of Directors today declared a special dividend of $.12 per share to be paid on December 29, 2010 to shareholders of record as of December 22, 2010.Headquartered in Valley City, Ohio, Shiloh Industries is a leading manufacturer of first operation blanks, engineered welded blanks,

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-54448203877362585512010-12-15T15:12:00.001-08:002010-12-15T15:25:17.149-08:00

Click on Chart to EnlargeMARKET CAPITALIZATION=====================================================================================ENTERPRISE VALUE=====================================================================================ENTERPRISE VALUE / LTM EBITDA=====================================================================================PRICE / TANGIBLE BOOK VALUE==========================

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-10871049749144360372010-12-15T08:12:00.000-08:002010-12-15T08:15:11.778-08:00

Item 4. Purpose of TransactionThe Reporting Persons originally acquired the shares of Common Stock for investment in the ordinary course of its business. The Reporting Persons acquired the Shares pursuant to investment strategies, including merger arbitrage and event driven strategies, because they believed that the Shares reported herein, when purchased, represented an attractive investment

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-82794719480658001282010-12-15T06:28:00.000-08:002010-12-15T06:30:09.363-08:00

Dec 14 (Reuters) - Zale Corp (ZLC.N) is weighing the sale of its Piercing Pagoda kiosk business in order to focus on its main, fine jewelry operations, Bloomberg reported on Tuesday.Private equity firms including Apollo Global Management LLC are looking at the business, according to the report.Zale, whose chains include Zales in the United States and Peoples Jewellers in Canada, declined to

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-39197540952304284802010-12-14T14:22:00.000-08:002010-12-14T14:27:09.839-08:00

LOS ANGELES (MarketWatch) — Shares of lab-services provider Genoptix surged 15% Tuesday on speculation the company may be up for sale.Bloomberg reported that Genoptix, which specializes in cancer testing, has put itself up for sale and hired Barclays Capital to run an auction. The news service cited two anonymous sources familiar with the matter.Genoptix (NASDAQ:GXDX) was up more than 15% in

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-43024776974869995192010-12-14T13:57:00.000-08:002010-12-14T14:05:03.564-08:00

SurModics, Inc. a provider of drug delivery and surface modification technologies to the healthcare industry, today announced that its Board of Directors has authorized the Company to explore strategic alternatives for its SurModics Pharmaceuticals business, including a potential sale (Amen!). SurModics Pharmaceuticals was formed following the acquisition of Brookwood Pharmaceuticals in July 2007

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-70498262894961042812010-12-14T07:21:00.001-08:002010-12-14T07:23:15.055-08:00

CLICK ON THE CHART TO ENLARGE

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-52691710175679898812010-12-14T05:59:00.000-08:002010-12-14T06:02:27.935-08:00

December 13, 2010The Board of DirectorsAirgas, Inc.259 North Radnor-Chester Rd. , Suite 100Radnor, PA 19087-5283To The Board of Directors of Airgas, Inc.:As you know, funds managed by Eton Park Capital Management own more than 6 million shares, or approximately 7.15% of the outstanding shares, of Airgas, Inc. We write to express our views to the Board of Directors with respect to Air Products and

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-52713142554413142872010-12-13T13:40:00.000-08:002010-12-13T13:41:41.166-08:00

LAS VEGAS, NV, December 13, 2010 – Citadel Broadcasting Corporation (“Citadel” or the “Company”) today announced that on December 10, 2010 it closed on a new credit agreement consisting of a term loan credit facility of $350 million with a term of six years and a revolving credit facility in the amount of $150 million, which was undrawn at closing. Citadel used the proceeds of the term loan along

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-62935003311037007662010-12-13T13:24:00.000-08:002010-12-13T13:39:45.459-08:00

Excerpt from proxy filed today:REASONS TO REJECT THE RAMIUS CONSENT SOLICITATION PROPOSAL The Ramius Group is opportunistically seeking to remove, without cause, all independent members of your duly-elected Board of Directors, and replace them with the Ramius Group’s own nominees.The Ramius Group has timed its proposal to coincide with a current downturn in the digital television market and has

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-88042549710053467822010-12-13T08:44:00.000-08:002010-12-13T08:53:53.574-08:00

... an incredible assertion, given the stock chart.=====================================================================================EDEN PRAIRIE, Minn.--(BUSINESS WIRE)-- SurModics, Inc., today acknowledged the filing of preliminary proxy materials by Ramius Value and Opportunity Advisors LLC, a subsidiary of Ramius LLC with the Securities and Exchange Commission regarding its nomination of

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-86349705696526170652010-12-13T05:10:00.000-08:002010-12-13T05:12:27.609-08:00

Canadian oil and gas exploration company Lone Pine Resources Inc., a wholly-owned subsidiary of Forest Oil Corp. (FST), revealed in a regulatory filing on Monday that it intends to launch an up to $375 million initial public offering of its shares of common stock. Lone Pine plans to apply for listing its shares of common stock on the New York Stock Exchange under the ticker symbol "LPR."Denver,

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-86776902359098400462010-12-13T05:04:00.000-08:002010-12-13T05:07:30.250-08:00

JPMorgan Chase to Provide $800 Million in DIP Financing Stores Are Fully Stocked and Remain Open, Providing Uninterrupted Service to CustomersMONTVALE, N.J. - December 12, 2010 - The Great Atlantic & Pacific Tea Company, Inc. (A&P) (NYSE: GAP) announced today that it has filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code with the U.S. Bankruptcy Court for the Southern

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-28029077014180947042010-12-12T09:20:00.000-08:002010-12-12T09:23:00.563-08:00

Amot Energy believes that Israel's renewable energy market is limited in size it therefore plans to expand its operations overseas.Alony Hetz Property and Investments Ltd. (TASE: ALHE), controlled by president and CEO Nathan Hetz and chairman Aviram Wertheim, plan to spin off and float the renewable energy unit of subsidiary Amot Investments Ltd. (TASE:AMOT), Amot Energy Ltd., on the Tel Aviv

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-37013577558795522182010-12-12T09:17:00.000-08:002010-12-12T09:19:22.572-08:00

Dec 11 (Reuters) - Australia's Tabcorp Holdings said on Saturday it would more than triple its investment plans for casinos in Queensland state to A$625 million ($616 million), as it prepares to spin its casinos off into a separate company. Tabcorp said in a statement the decision was made after concessions from the Queensland state government, including increasing the number of gaming machine

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-40570067824110476752010-12-11T07:49:00.000-08:002010-12-11T07:50:51.154-08:00

Source: The DealIt has been more than a decade since a Pentagon-declared armistice brought an end to a post-Cold War barrage of large transactions that reshaped the defense establishment. But now, with government belt-tightening occurring across the globe threatening to erode sales, there is good reason to believe that some of the major U.S. defense contractors could be reopening their war rooms

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-60218398221183425592010-12-11T07:45:00.000-08:002010-12-11T07:47:28.057-08:00

GFI Group Inc. a provider of wholesale brokerage, clearing services, electronic execution and trading support products, announced today that the Company's Board of Directors has declared a special dividend of $0.25 per common share. The record date of the special dividend will be December 20, 2010 and the payment date will be December 30, 2010.

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-20429984653713576412010-12-10T14:47:00.000-08:002010-12-10T14:49:55.189-08:00

NEW YORK--(BUSINESS WIRE)-- RHI Entertainment, Inc. (OTCBB:RHIE.ob - News) (“RHI”), a leading developer, producer, and distributor of new made-for-television movies, miniseries, and other television programming, today announced that in response to the broad support received for its previously announced prepackaged plan of reorganization (as amended, the “Plan”) from lenders of record under the

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-44454923865908667472010-12-10T14:37:00.000-08:002010-12-10T14:46:47.570-08:00

EXCERPT: The Ramius Group is the largest shareholder of the Company. As of the date hereof, the Ramius Group owns in the aggregate a total of [2,088,760] Shares, representing approximately 12% of the issued and outstanding Shares. As the largest shareholder of SRDX, the Ramius Group has a vested financial interest in the maximization of the value of the Company’s Shares. Our interests are

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-52866111147611997472010-12-10T13:58:00.000-08:002010-12-10T14:00:59.531-08:00

The Reporting Persons acquired the Shares in the ordinary course of business for investment purposes based on their belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity. The Reporting Persons continually review their respective investment in the Issuer and other entities in which they have invested. As part of that review, the Reporting

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-82201286939094235772010-12-10T13:07:00.000-08:002010-12-10T13:31:49.012-08:00

Item 4. Purpose of Transaction. The Reporting Persons have acquired the Issuer’s Common Stock for investment purposes. The Reporting Persons intend to review their investment in the Issuer continually. Depending upon the results of such review and other factors that the Reporting Persons deem relevant to an investment in the Issuer, the Reporting Persons may take or propose to take, alone or in

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-28219128830442861922010-12-10T08:37:00.000-08:002010-12-10T08:39:02.282-08:00

RAMSEY, N.J.--(BUSINESS WIRE)-- Today, the Bogen Communications International, Inc. (Pink Sheets:BOGN.pk - News) (“Bogen”), Board of Directors declared a special cash dividend of $1.00 per common share, payable on December 30th, 2010, to shareholders of record on December 23rd, 2010, subject to completion of bank financing. If bank financing is not completed, some or all of the dividend may not

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-55850393091936677042010-12-10T07:39:00.000-08:002010-12-10T07:40:08.624-08:00

Source: BloombergAtlantic & Pacific Tea Co., the once-dominant grocery-store chain founded in 1859, may file for bankruptcy in the coming days to restructure debt, two people with knowledge of the matter said. A filing to reorganize under court protection may come as soon as this weekend, said the people, who declined to be identified because the matter is private. A&P hired law firm Kirkland &

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-46346724503382040562010-12-10T06:49:00.000-08:002010-12-10T06:50:57.669-08:00

CAMBRIDGE, MA--(Marketwire - 12/09/10) - Molecular Insight Pharmaceuticals, Inc. (NASDAQ:MIPI - News), a biopharmaceutical company discovering and developing targeted therapeutic and imaging radiopharmaceuticals for use in oncology, today announced that it has entered into a $45-million financing commitment from Savitr Capital LLC, to be effected through a corporate reorganization under a chapter

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-20512966555192465062010-12-10T06:44:00.000-08:002010-12-10T06:45:51.699-08:00

DULLES, VA--(Marketwire - 12/10/10) - VeriSign, Inc. (NASDAQ:VRSN - News), the trusted provider of Internet infrastructure services for the networked world, today announced that on December 9, 2010, its Board of Directors declared a special dividend of $3.00 per share of its common stock."At the regularly scheduled Board meeting on December 9, the Board voted to return approximately $516 million

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-20159048460456021622010-12-09T16:32:00.000-08:002010-12-09T16:35:18.125-08:00

On December 9, 2010, the Reporting Persons sent the following letter to the Issuer's Board of Directors:Dear Gentlemen:On December 6, 2010, we learned that the board retained Korn/Ferry International to assist it in hiring a new Chief Executive Officer. Unfortunately, as we have expressed before, we do not believe the current board is always looking out for unitholders' best interests. Earlier

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-29971544073395485792010-12-09T12:20:00.000-08:002010-12-09T12:22:37.517-08:00

BLOOMFIELD HILLS, Mich., Dec. 9, 2010 /PRNewswire-FirstCall/ -- The Board of Directors of Taubman Centers, Inc. (NYSE:TCO - News) today declared a regular quarterly dividend of $0.4375 per share of common stock, an increase of 5.4 percent. The common dividend is payable December 31, 2010 to shareholders of record on December 17, 2010. Since the company went public in 1992 it has never reduced

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-57032729468094742582010-12-09T11:59:00.000-08:002010-12-09T12:00:22.743-08:00

Rowan Companies may spin-off manufacturing business, Reuters reports Rowan Companies (RDC) may spin-off its manufacturing business, reports Reuters.According to a Barclays Capital analyst, Rowan needs to spin off its offshore drilling and manufacturing businesses before it can attract bidders as a potential acquisition target. The manufacturing business could be worth up to $1B.

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-88469741552005259072010-12-09T09:18:00.000-08:002010-12-09T09:24:46.706-08:00

9 December 2010 - International oil services, engineering and construction company Aker Solutions has decided to cultivate its core businesses by creating three separate companies. The new streamlined entities have a clear ambition to grow in their respective markets.The new strategic direction, which will be announced at the company's capital markets day in Oslo today, is the conclusion of a

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-8128955300246661802010-12-09T09:14:00.000-08:002010-12-09T09:17:50.682-08:00

Item 4. Purpose of the Transaction. The Reporting Persons purchased the Shares based on the Reporting Persons’ belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity... ... The Reporting Persons have sent a letter to the Issuer’s Board of Directors requesting it to form a special committee, retain a financial advisor and commence with an

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-10754145819094302662010-12-09T09:10:00.000-08:002010-12-09T09:13:29.773-08:00

PHOENIX, AZ, December 9, 2010 – Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)announced today that its Board of Directors has declared a supplemental common stock dividend of $1.00 per share to be paid on December 30, 2010 to shareholders of record as of December 20, 2010. The supplemental dividend to be paid in December represents an addition to FCX’s regular quarterly common stock dividend. In

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-19206103524724126832010-12-09T09:06:00.000-08:002010-12-09T09:07:54.842-08:00

TEMECULA, Calif., Dec. 9, 2010 /PRNewswire-FirstCall/ -- Outdoor Channel Holdings, Inc. (Nasdaq:OUTD - News) today announced that its Board of Directors has declared a special one-time cash distribution of $0.25 per share to shareholders. The distribution will be payable on December 30, 2010 to shareholders of record as of the close of business on December 20, 2010."Given our healthy balance

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-33643818872337071322010-12-09T05:28:00.000-08:002010-12-09T05:31:08.217-08:00

Item 4. Purpose of the Transaction.The Reporting Persons acquired the Shares covered by this Statement because, in their opinion, such Shares are presently undervalued by the market. The Company’s share price has materially under-performed both the S&P 500 and its peers (including CVD, PRXL, ICLR, PPDI) from July 2004 through November 2010.The Reporting Persons believe the Company’s investment in

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-45510858399484238222010-12-08T19:03:00.000-08:002010-12-08T19:10:26.573-08:00

I suggest that folks should take a look at Zoran stock chart and then read this response ...=====================================================================================ZORAN CORPORATION URGES STOCKHOLDERS TO POSTPONE MAKING ANY DECISION REGARDING THE RAMIUS CONSENT SOLICITATION Zoran to File Consent Revocation Materials Shortly Sunnyvale, Calif. – December 8, 2010 – Zoran Corporation (

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-83344999483860456992010-12-08T13:34:00.000-08:002010-12-08T13:39:29.035-08:00

EXCERPT:Restructuring Support AgreementOn December 2, 2010, InSight Health Services Holding Corp. entered into a Restructuring Support Agreement with certain holders representing a significant majority of the $293,500,000 in aggregate principal amount of Insight’s Senior Secured Floating Rate Notes due 2011 pursuant to which the Debtors will propose their jointly filed chapter 11 plan, which

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-41092479322021006892010-12-08T08:52:00.000-08:002010-12-08T08:54:26.478-08:00

WAYNESBORO, Va.--(BUSINESS WIRE)-- NTELOS Holdings Corp. (NASDAQ:NTLS - News), a leading provider of wireless and wireline communications services (branded as NTELOS) in Virginia, West Virginia and Pennsylvania, announced today that its board of directors has unanimously approved a proposed plan to create separate wireless and wireline businesses by spinning off the wireline business into a

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-13746498853396577932010-12-08T07:47:00.000-08:002010-12-08T07:50:25.613-08:00

Washington Post: Restructuring expertise opens many doorsSunday, December 5, 2010; 6:07 PM Peter D. AquinoPosition: Chairman and chief executive of Primus Telecommunications, a voice and data services provider based in McLean. Career highlights: Chief executive, RCN; independent telecommunications restructuring adviser, chief operating officer and adviser, Veninfotel of Venezuela. Age: 49

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-36908581071693577042010-12-08T07:41:00.000-08:002010-12-08T07:45:49.171-08:00

On December 8, 2010, the Reporting Persons filed suit in Delaware to enforce their right under the Issuer's partnership agreement to have the Issuer set the time, date and place of the upcoming special meeting of unitholders. The Reporting Persons want to ensure the Issuer runs a fair meeting process that gives unitholders adequate time to consider and vote on the Reporting Persons' proposed

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-47116390833663673902010-12-08T05:36:00.000-08:002010-12-08T05:38:06.414-08:00

Source: Bankruptcydata.comCalifornia Coastal Communities announced that the Company filed a motion for U.S. Bankruptcy Court authority to enter into a plan support agreement with a majority of its senior lenders comprising 81% of the senior revolving loan and 88% of the senior term loan (Lenders) that will enable the Company to proceed with a consensual plan of reorganization. In order to enhance

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-57035845428081681072010-12-08T05:28:00.000-08:002010-12-08T05:32:31.841-08:00

Source: BloombergFour years after he began agitating for change at Motorola Inc., Carl Icahn will get his wish Jan. 4 with the spinoff of its mobile-phone unit. He still hasn’t made money on the investment, according to Bloomberg calculations.Icahn’s stake in Motorola is worth at least $159 million less than what he paid and perhaps several hundred million more, according to calculations based on

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-19017430296095606372010-12-08T05:22:00.000-08:002010-12-08T05:26:29.986-08:00

BUSINESS WIRE: Further to the announcement on 28 July 2010, the Board of ArcelorMittal confirms that it has concluded the assessment of a potential spin-off of the stainless steel business. Based on this assessment, the Board has decided to proceed with the spin-off of the stainless steel business which it believes will maximise value for shareholders. Subject to shareholder approval, shares in

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-80874593874788312972010-12-08T05:20:00.000-08:002010-12-08T05:22:08.172-08:00

NEW YORK (AP) -- Consumer products maker Fortune Brands Inc. plans to split into three separate companies, keeping its liquor business led by Jim Beam bourbon while shedding the maker of Titleist golf balls and its home and security products business whose brands include Moen faucets and Master Lock.Fortune Brands said Wednesday it will focus on its spirits business which generates annual revenue

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-28485121773595362162010-12-07T14:56:00.001-08:002010-12-07T14:57:27.508-08:00

BELLEVUE, Wash.--(BUSINESS WIRE)-- PACCAR Inc’s (Nasdaq:PCAR - News) Board of Directors today declared an extra cash dividend in the amount of thirty cents ($.30) per share, payable on December 29, 2010 to stockholders of record at the close of business on December 17, 2010. The Board of Directors also declared a quarterly cash dividend in the amount of twelve cents ($.12) per share, payable on

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-68820097001424720492010-12-07T14:54:00.000-08:002010-12-07T14:55:16.246-08:00

NEW YORK--(BUSINESS WIRE)-- KBW, Inc. (NYSE:KBW - News), a full-service investment bank that specializes in the financial services sector, today announced that its Board of Directors has declared a special dividend of $1.00 per share of its outstanding common stock, payable on December 27, 2010 to shareholders of record as of the close of business on December 17, 2010. The special dividend,

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-19126245431558744202010-12-07T14:20:00.001-08:002010-12-07T14:22:10.400-08:00

Restoring Credibility and Enhancing Shareholder Value at Zoran Ramius Value and Opportunity Advisors LLC, together with the other participants in this solicitation (collectively, “Ramius”), beneficially owns an aggregate of 4,248,500 shares of common stock, or approximately 8.3% of the shares outstanding, of Zoran Corporation, making us one of Zoran’s largest shareholders. We believe Zoran's

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-55939237797846445692010-12-07T12:12:00.000-08:002010-12-07T12:14:31.938-08:00

SUN VALLEY, Calif., Dec. 7, 2010 (GLOBE NEWSWIRE) -- Emergent Group Inc. (NYSE Amex Equities:LZR), a leading provider of mobile medical lasers and surgical equipment, today announced that the Board of Directors has declared a special, one-time cash dividend of $0.50 per share on its common stock as well as a regular dividend of $0.40 per share, for a total of $0.90 payable December 27, 2010 to

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-8337923552284487842010-12-06T14:03:00.000-08:002010-12-06T14:04:20.176-08:00

OLATHE, Kan.--(BUSINESS WIRE)-- NIC Inc. ( NASDAQ: EGOV), a provider of official state eGovernment services, today announces that its Board of Directors declared a special cash dividend of $0.25 per share on December 3, 2010, payable on December 30, 2010, to stockholders of record on December 17, 2010.The dividend payout will total approximately $16.2 million based on the current number of shares

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-31123961340928129582010-12-06T13:59:00.000-08:002010-12-06T14:01:22.734-08:00

http://www.fool.com/investing/general/2010/12/06/this-spinoff-may-not-spin.aspx By Jim RoyalDecember 6, 2010This article is part of our Rising Star Portfolios Series.I like tracking spinoffs, in part because they're often wrongly considered uninteresting or poor businesses. Such spinoffs often decline in price, and the market commonly misprices such businesses for technical reasons (e.g, forced

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-7997984378472347112010-12-06T10:10:00.000-08:002010-12-06T10:11:41.961-08:00

MELVILLE, N.Y.--(BUSINESS WIRE)-- Park Electrochemical Corp. (NYSE:PKE - News) announced that its Board of Directors has declared a special cash dividend of $1.00 per share payable December 28, 2010 to stockholders of record at the close of business on December 16, 2010.The Board of Directors also declared a regular quarterly cash dividend of $0.10 per share payable February 4, 2011 to

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-14840427305991104172010-12-06T06:42:00.001-08:002010-12-06T06:43:05.635-08:00

HOUSTON, Dec. 6, 2010 /PRNewswire-FirstCall/ -- Houston American Energy Corp (NYSE Amex: HUSA), today announced that its Board of Directors has declared a special dividend of $0.20 per common share to holders of record on December 17, 2010 with a payment date of December 28, 2010. Mr. John F. Terwilliger, President and Chairman of Houston American Energy, stated, "2010 has been a terrific year

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-80165982121754604902010-12-06T06:38:00.000-08:002010-12-06T06:40:46.709-08:00

TULSA, Okla.--(BUSINESS WIRE)-- SemGroup® Corporation announces the commencement of a “road show” for investors today. SemGroup Chief Executive Officer, Norm Szydlowski and Chief Financial Officer, Bob Fitzgerald will present operational and financial information to investors about SemGroup and each of its subsidiaries at meetings scheduled in multiple cities across the United States.“SemGroup is

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-30849334081043513512010-12-06T05:45:00.000-08:002010-12-06T05:50:45.084-08:00

Ramius Fund is seeking the removal of six (6) current directors of Zoran."WHY ARE WE SOLICITING YOUR CONSENT? We are soliciting your consent because we do not believe that the current Board has served the best interests of the Company’s stockholders, and we do not have confidence in the ability of the current Board to improve the Company’s operating performance and enhance stockholder value. We

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-59537320737350023812010-12-06T05:40:00.000-08:002010-12-06T05:43:07.026-08:00

Recent developments Receipt of unsolicited proposal to enter into a merger transaction In early November 2010, Citadel Broadcasting Corporation (the “Company”) received an unsolicited letter from a third party proposing a merger transaction with the Company.This proposal was rejected by the Company’s board of directors after it determined that the proposal was not in the best interests of the

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-42195555193684590032010-12-06T05:36:00.000-08:002010-12-06T12:57:18.307-08:00

Item 4 is hereby supplemented as follows: The Reporting Persons have informed the Issuer that they would be prepared to finance, on mutually acceptable terms, an offer by the Issuer to purchase all of the equity securities of Barnes & Noble, Inc. (“BKS”) in an all-cash transaction valued at $16 per share.In the alternative, the Reporting Persons have informed the Issuer that they would be

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-18133479744927751132010-12-06T05:33:00.000-08:002010-12-06T05:35:13.286-08:00

Source: Bankruptcydata.comTerreStar Networks Plan FiledTerreStar Networks filed with the U.S. Bankruptcy Court a First Amended Chapter 11 Plan and related Disclosure Statement. According to the Disclosure Statement, "Following the Plan, the TSN Debtors will emerge from chapter 11 with an improved, highly deleveraged balance sheet. As of the Petition Date, the TSN Debtors had funded debt

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-1898392401399368652010-12-06T05:28:00.000-08:002010-12-06T05:31:12.930-08:00

Source: Venturebeat.comAOL, at one time a leading Internet service provider, is looking to spin-off its dial-up operations and merge the remainder of the company with Yahoo, according to a report by Reuters.This isn’t the first time rumors of a deal between Yahoo and AOL have cropped up. Just a few months ago, a number of private equity firms considered teaming up with AOL to purchase the search

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-69300513208659175232010-12-03T14:26:00.001-08:002010-12-03T14:28:57.155-08:00

CONFIDENTIALDecember 3, 2010.Board of DirectorsCaraco Pharmaceutical Laboratories, Ltd.1150 Elijah McCoy DriveDetroit, Michigan 48202Attention: Timothy S. Manney and F. Folsom Bell Independent CommitteeLadies and Gentlemen:On behalf of the Boards of Directors of Sun Pharmaceutical Industries Limited (“Sun”) and Sun Pharma Global, Inc. (“Sun Global”), we are writing to propose a going-private

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-19521377142641278372010-12-03T13:34:00.001-08:002010-12-03T13:35:05.691-08:00

TNT NV, the Netherlands-based package and mail delivery operator, said it would spin off Europe’s second-biggest express delivery service and keep the smaller mail division, Bloomberg reported. The company said Thursday that current investors will receive newly issued stock in the express unit next year, whose value has been estimated at as much as $8.2 billion. TNT will keep 30% ownership,

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-86438742672287410282010-12-03T12:57:00.000-08:002010-12-03T12:59:25.981-08:00

C&D TECHNOLOGIES PROVIDES EXCHANGE OFFER UPDATE —95.56% of Notes Have Been Validly Tendered— —Company to Hold a Special Stockholder Meeting at 9.00 AM EST on December 13, 2010 — — Exchange Offer to Expire at 11:59 PM EST on December 13, 2010 — BLUE BELL, Pa., December 3, 2010 - C&D Technologies, Inc. announced today that approximately 95.56% of the outstanding principal of its outstanding 5.25%

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-76216276945703113332010-12-03T12:51:00.000-08:002010-12-03T12:54:49.268-08:00

Nortek, Inc., a manufacturer of residential and commercial ventilation, HVAC and home technology convenience and security products, announced today it has signed a definitive agreement to acquire Ergotron, Inc., a privately held company based in St. Paul, Minnesota.Ergotron designs, manufactures and markets ergonomic mounting and mobility products for computer monitors, notebooks and flat panel

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-46192627043863884932010-12-03T09:55:00.000-08:002010-12-03T09:56:23.274-08:00

SPRINGFIELD, N.J. (AP) - Village Super Market Inc., which runs Shop Rites in New Jersey and eastern Pennsylvania, said Friday its board has declared a special dividend of $1.25 per Class A common share and 81.25 cents per Class B common share.The dividends will be payable on Dec. 28 to shareholders of record on Dec. 15.The company said in a statement the board chose to declare these dividends now

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-42828977163440390592010-12-03T06:08:00.000-08:002010-12-03T06:15:25.215-08:00

Source: DEALTALK - Reuters* Ramius seen leading battle for control of SurModics * SurModics could sell off pharma business - analysts* Valuation apt for takeover - analystA move by hedge fund Ramius to nominate three members to SurModics Inc's board signals a likely proxy battle to control the struggling medical equipment maker, and the eventual sale of its pharma business or even the whole

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-76092515883975402712010-12-02T15:23:00.000-08:002010-12-02T15:24:09.463-08:00

TROY, Mich., Dec. 2, 2010 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq:SYNT - News), a global information technology services and Knowledge Process Outsourcing (KPO) firm, announced that its Board of Directors has declared a special cash dividend of fifty cents ($0.50) per share. The dividend is payable on December 29, 2010, to shareholders of record at the close of business on December 15, 2010.

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-63616562425388114262010-12-02T14:44:00.001-08:002010-12-02T14:44:46.299-08:00

Sycamore Networks, Inc. (NASDAQ: SCMR) today announced that it has been advised by NASDAQ that the ex-dividend date for its previously announced cash distribution of $6.50 per share of common stock will be December 23, 2010.

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-4869002222606925902010-12-02T14:40:00.000-08:002010-12-02T14:43:26.058-08:00

PHILADELPHIA--(BUSINESS WIRE)-- Sunoco, Inc. (NYSE:SUN - News) today announced that it has reached a definitive agreement to sell its 170,000 barrel-per-day refinery in Toledo, Ohio to Toledo Refining Company LLC, a wholly owned subsidiary of PBF Holding Company LLC. Sunoco will sell the refinery for approximately $400 million (consisting of $200 million in cash and a $200 million two-year note).

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-41925758247871254792010-12-02T04:26:00.000-08:002010-12-02T04:28:08.516-08:00

ALLEN, TX--(Marketwire - 12/01/10) - The Board of Directors of Atrion Corporation (NASDAQ:ATRI - News) today declared a special cash dividend of $3.00 per share on its outstanding shares of Common Stock. This dividend will be payable on December 23, 2010 to stockholders of record at the close of business on December 13, 2010.As of September 30, 2010 the Company had no debt, and had cash and

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-45679717666851417112010-12-01T18:08:00.000-08:002010-12-01T18:09:47.117-08:00

Special Dividend and Authorized Debt Reduction:As part of its ongoing commitment to return value to shareholders, the Company announced today that its Board of Directors declared a special dividend of $0.56 per share, totaling $50 million. The special dividend will be paid on December 23, 2010 to shareholders of record at the close of business on December 16, 2010. In conjunction with this

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-91916168696060384062010-12-01T18:05:00.000-08:002010-12-01T18:06:17.807-08:00

KNOXVILLE, Tenn.--(BUSINESS WIRE)-- Regal Entertainment Group (NYSE:RGC - News), a leading motion picture exhibitor owning and operating the largest theatre circuit in the United States, declared an extraordinary cash dividend of $1.40 per Class A and Class B common share, payable on December 30, 2010, to stockholders of record on December 20, 2010. Regal’s Board of Directors also announced its

Farukh Farooqinoreply@blogger.comtag:blogger.com,1999:blog-8160721747741000502.post-82917758943293038152010-12-01T18:01:00.001-08:002010-12-01T18:01:52.586-08:00

WHITE PLAINS, N.Y., Dec. 1, 2010 /PRNewswire-FirstCall/ -- Drew Industries Incorporated (NYSE:DW - News), a leading supplier of components for recreational vehicles (RV) and manufactured homes, today announced that its Board of Directors approved a special cash dividend of $1.50 per share of common stock.The dividend is payable on December 28, 2010 to stockholders of record at the close of

Farukh Farooqinoreply@blogger.com