Monthly Archives: November 2010

White River Capital Special Dividend

RANCHO SANTA FE, Calif.–(BUSINESS WIRE)– White River Capital, Inc. (NYSE Amex: RVR) (“White River”), announced that its Board of Directors has declared a one-time special cash dividend of $4.00 per share on its common stock to be paid December 21, 2010 to shareholders of record on December 9, 2010. The aggregate amount of the payment…

Wintergreen Advisers’ Letter to CTO BoD

Wintergreen Advisers, LLC333 Route 46 West,Suite 204Mountain Lakes, New Jersey 07046 Consolidated-Tomoka Land Coc/o Linda Crisp, Corporate SecretaryPost Office Box 10809Daytona Beach, Florida 32120-0809 November 23, 2010 Dear Ms. Crisp: Wintergreen Advisers, LLC, intends to present the following proposals at the Consolidated-Tomoka Land Co. (the “Company” or “CTO”) 2011 Annual Meeting of Shareholders (the “Annual…

Interactive Brokers Secial Dividend

GREENWICH, Conn.–(BUSINESS WIRE)– Interactive Brokers Group, Inc. (NASDAQ GS: IBKR) an automated global electronic market maker and broker, announced today that its Board of Directors has declared a special cash dividend of $1.79 per share on the Company’s outstanding shares of common stock. The dividend is payable on December 23, 2010 to shareholders of record…

OptionsXpress $4.50/Share Special Dividend

CHICAGO, Nov. 29, 2010 (GLOBE NEWSWIRE) — optionsXpress Holdings, Inc. (Nasdaq:OXPS – News) today announced that its Board of Directors has declared a cash dividend of $4.50 per share on the Company’s outstanding shares of common stock. The total amount of the dividend is approximately $259 million. The dividend is payable on December 27, 2010…

Aware Inc. Spinoff Planned for 1H-2011

BEDFORD, Mass., Sept. 24 /PRNewswire-FirstCall/ — Aware, Inc. (Nasdaq:AWRE – News), a leading technology innovator and software supplier to the telecommunications and biometrics industries, today announced its plans to pursue a spin-off of its patent licensing operations. The spin-off will allow the spun-off entity to focus fully on patent licensing operations, including technology innovation, patent…

VN Capital’s 13D filing on Breeze-Eastern

Item 4. Purpose of Transaction. … The Reporting Entities may further purchase, hold, vote, trade, dispose or otherwise deal in the securities of the Company at times and in such manner, as they deem advisable to benefit from changes in the Company’s operations, business strategy, or from a sale of the Company. To evaluate those…

China Digital Announces Special Dividend

BEIJING, Nov. 22, 2010 /PRNewswire-Asia/ — China Digital TV Holding Co., Ltd. (NYSE:STV – News) (“China Digital TV” or the “Company”), the leading provider of conditional access (“CA”) systems to China’s expanding digital television market, today declared a special cash dividend of US$2.00 per share on the Company’s ordinary shares, to be paid in two…

Network-1 Announces Special Dividend

NEW YORK, Nov. 22, 2010 /PRNewswire-FirstCall/ — Network-1 Security Solutions, Inc. (OTC Bulletin Board:NSSI.ob – News) announced today that its Board of Directors has declared a special cash dividend of $0.10 per share on each share of Network-1’s common stock. The dividend will be payable on December 20, 2010. Network-1 has set the record date…

Armstrong Declares Special Dividend

LANCASTER, Pa., Nov. 23, 2010 /PRNewswire-FirstCall/ — Armstrong World Industries, Inc. (NYSE:AWI – News) announced today that it has closed on a new $1.050 billion senior secured credit facility and that its board of directors has declared a special cash dividend of $13.74 per share (approximately $800 million in the aggregate). Armstrong’s new credit facility…

Seidman & Assoc Letter to Abington Bancorp

SEIDMAN AND ASSOCIATES, LLCIvy Corporate Park100 Misty Lane, 1st FloorParsippany, NJ 07054(973) 952-0405(973) 781-0876 faxNovember 22, 2010 Via facsimile(215) 887-4100 and regular mailMr. Robert White, President/CEOAbington Bancorp, Inc.180 Old York RoadJenkintown PA 19046 Dear Mr. White: This letter shall serve to memorialize the agreement reached during our November 15, 2010 telephone conversation. As of November…

Karpus Letter to Delaware Investments

Proposal Letter to the FundTransmitted November 22, 2010 David F. Connor, SecretaryDelaware InvestmentsOne Commerce Square 2005 Market Street, 26th FloorPhiladelphia, Pennsylvania 19103-7094 Re:Delaware Investments Arizona Municipal Income Fund, Inc. (“VAZ” or the “Fund”) Mr. Connor: Karpus Management, Inc., d/b/a Karpus Investment Management (“Karpus”) is the beneficial owner of 600 shares of common stock, cusip no….

Palo Alto Dissatisfied with AMAG Performance

November 22, 2010 Board of DirectorsAMAG Pharmaceuticals, Inc.100 Hayden AvenueLexington, MA 02421 Members of the Board: As you know, Palo Alto Investors, LLC (“Palo Alto Investors”), together with its affiliates, is one of the largest stockholders of AMAG Pharmaceuticals, Inc. (“AMAG” or the “Company”), holding an ownership stake of approximately 9.3% of the Company’s outstanding…

Tronox Chapter 11 Plan Confirmed

Court Confirms Tronox’s Plan of Reorganization On November 17, 2010, Tronox Incorporated announced that the United States Bankruptcy Court for the Southern District of New York confirmed its First Amended Joint Plan of Reorganization of Tronox Incorporated, et al. Pursuant to Chapter 11 of the Bankruptcy Code. The Plan will become effective after the Court…

AbitibiBowater Chapter 11 Plan Confirmed

MONTREAL, Nov. 22 /PRNewswire-FirstCall/ – AbitibiBowater is pleased to announce that the U.S. Bankruptcy Court for the District of Delaware has issued an opinion confirming AbitibiBowater’s plan of reorganization under chapter 11 of the U.S. Bankruptcy Code, clearing the way for the Company’s emergence from creditor protection. The Court also issued an order today overruling…

Guess? Inc Announces Special Dividend

The Company also announced today that its Board of Directors has approved an increase of its quarterly cash dividend to $0.20 per share on the Company’s common stock, a 25% increase over its most recent quarterly dividend. The Board of Directors has also approved a special dividend of $2.00 per share to be paid with…

Espey Announces Special Dividend

SARATOGA SPRINGS, NY–(Marketwire – 11/22/10) – The Board of Directors of Espey Mfg. & Electronics Corp., (AMEX:ESP – News) has declared a special cash dividend of $1.00 per share and a regular quarterly dividend of $0.225 per quarter. The dividends will be payable on December 23, 2010 to all shareholders of record on December 3,…

AboveNet Special Dividend $5/Share

WHITE PLAINS, N.Y.–(BUSINESS WIRE)– AboveNet, Inc. (NYSE:ABVT – News), a leading provider of high-bandwidth connectivity solutions, announced today that its Board of Directors has declared a special one-time cash dividend of $5.00 per share on its common stock payable on December 27, 2010 to shareholders of record on December 6, 2010. The aggregate amount of…

NTT Spinoff Meeting Resistance

NTT fiber-optic network spinoff gets thumbs down from panelSource: Kyodo News A move to spin off the fiber-optic network division of Nippon Telegraph and Telephone Corp. is encountering government resistance, sources with the communications ministry said Monday. A government working group is concerned the move isn’t financially viable and plans to urge NTT to do…

Mill Road Wants Kona to De-Stagger the Board

Mill Road Capital, L.P.382 Greenwich Avenue, Suite OneGreenwich, CT 06830 November 19, 2010 VIA FACSIMILE, ELECTRONIC MAIL PDF and FEDEX Kona Grill, Inc.7150 E. Camelback RoadSuite 220Scottsdale, Arizona 85251 Attn: Mark S. Robinow, Executive Vice President and Secretary Re: Proposal pursuant to Rule 14a-8 under Securities Exchange Act of 1934, as amended for the 2011…