Monthly Archives: January 2011

Mangrove Partners Opposes CPEX Deal

Nathaniel August Mangrove Partners 10 East 53rd Street, 31st Floor New York, NY 10022 January 28, 2011 The Board of Directors CPEX Pharmaceuticals, Inc. 2 Holland Way Exeter, NH 03833 Dear Sirs: I am writing you in our capacity as the investment manager for The Mangrove Partners Fund, L.P., owner of 139,017 shares of CPEX…

Clinton Group Updates on Red Robin

Item 4 of the Schedule 13D is hereby amended to include the following:   On January 26, 2011, representatives of the Reporting Persons spoke with Pattye L. Moore, the Chair of the Board of the Issuer and Robert Aiken, Chairman of the Nominating and Governance Committee of the Board of the Issuer. In that conversation,…

Telenor Seeks to Block VimpelCom Deal

Telenor Commences Arbitration against VimpelCom and Altimo to Preserve Telenor’s Pre-emptive Rights in the Wind Telecom Transaction (Fornebu, Norway — 31 January 2011) Telenor has commenced an arbitration proceeding against VimpelCom Ltd. and Altimo Holdings & Investments Ltd. under the VimpelCom Shareholders Agreement in order to protect Telenor’s pre-emptive rights in the context of VimpelCom’s…

TBS International Plc to Conduct Rights Offering

TBS International plc (NASDAQ:TBSI – News) (the “Company”) announced today that it has entered into amendments to its credit facilities with all of its lenders, including AIG Commercial Equipment, Commerzbank AG, Berenberg Bank and Credit Suisse and syndicates led by Bank of America, N.A., The Royal Bank of Scotland plc and DVB Group Merchant Bank…

Sunoco to Move Ahead with Spinoff

PHILADELPHIA–(BUSINESS WIRE)– Sunoco, Inc. (NYSE:SUN – News) said today that it will move forward with the planned separation of SunCoke Energy after reaching an agreement with ArcelorMittal that resolves the lawsuit concerning coke pricing for the Jewell facility. Additional information regarding the planned separation of SunCoke Energy from Sunoco will be discussed on the previously…

AsiaInfo-Linkage Announces Share Repurchase

AsiaInfo-Linkage Announces New Share Repurchase Program BEIJING and SANTA CLARA, Calif., Jan. 30, 2011 /PRNewswire-Asia-FirstCall/ — AsiaInfo-Linkage, Inc. (Nasdaq: ASIA) (“AsiaInfo-Linkage” and the “Company”), a leading provider of telecommunications software solutions and related services, today announced that its Board of Directors has authorized a new stock repurchase program, under which AsiaInfo-Linkage may repurchase up to…

H.I.G. Responds to BML’s Letter

H.I.G. Capital Issues Statement in Response to Shareholder Letter to Matrixx Initiatives, Inc.   H.I.G. Capital, LLC (“H.I.G.”), a leading global private investment firm, today announced that it has reviewed the letter addressed to the Board of Directors of Matrixx Initiatives, Inc. (Nasdaq: MTXX) (“Matrixx” or the “Company”) from BML Capital Management, LLC, dated January…

Muoio Seeking Liquidation of Opti Inc.

(Opti Inc., OPTI; 26.78% Holder) Item 4. Purpose of Transaction. The Reporting Persons have engaged in, and plan to continue to engage in, discussions with management and/or representatives of the board of directors of the Issuer concerning its direction and financial and strategic alternatives including the appointment of representatives of the Reporting Persons to the…

Tracinda on MGM

(Tracinda owns 26.9% of MGM – we can’t make any sense of this filing… may be you can). Item 4. Purpose of Transaction. Item 4 of the Schedule 13D is hereby amended to add the following information: As MGM Resorts’ largest stockholder, Tracinda occasionally receives inquiries regarding the Company and Tracinda’s shares of Common Stock. Tracinda…

“No Way to Treat Current Investors” says Swank

January 27, 2011 James C. DyerBlueknight Energy Partners, G.P., L.L.C.c/o Vitol Inc.1100 Louisiana StreetSuite 5500Houston, TX 77002-5255 Dear Mr. Dyer: We have reviewed your response to our letter dated January 5, 2011, and we remain disappointed that Blueknight Energy Partners, L.P. is unilaterally proceeding with Phase I of the Global Transaction Agreement (“GTA”) in its…

Borders Group Gets a Breather

NEW YORK (Reuters) – Borders Group Inc (NYSE:BGP – News) received a financing commitment from GE Capital, providing a potential lifeline to the troubled bookseller, but said it would also explore options, including an in-court restructuring. Shares jumped 36 percent in after-hours trading after Borders said GE Capital, a unit of General Electric Co (NYSE:GE…

Old National Announces Share Buyback

Press Release Source: Old National Bancorp On Thursday January 27, 2011, 2:00 pm EST Company may repurchase up to 2.25 million shares of ONB common stock through Jan. 31, 2012 Board of Directors declares common stock dividend of $.07 per common share, payable March 15 EVANSVILLE, Ind., Jan. 27, 2011 (GLOBE NEWSWIRE) — Old National…

Material Sciences Announces Share Buyback

ELK GROVE VILLAGE, Ill., Jan. 28, 2011 /PRNewswire/ — Material Sciences Corporation (Nasdaq:MASC – News), a leading provider of material-based solutions for acoustical and coated applications, today announced that the company’s board of directors has authorized the repurchase of up to one million shares of common stock. These one million shares are in addition to…

Sara Lee to Split Up into Two

Sara Lee Corp. agreed in principle to divide the company into two separate, publicly traded companies. The separation is expected to be completed in early calendar year 2012. Each company will have leading consumer brands, compelling growth prospects and strong potential to deliver long-term value to shareholders.  Under the plan approved by its board, Sara Lee’s…

Seneca’s 13D/A Filing on Dynegy

Dynegy (DYN) Item 4. Purpose of Transaction Item 4 is hereby amended to add the following information: On January 27, 2011, the Reporting Persons filed with the SEC amended preliminary materials relating to the Consent Solicitation. The Consent Solicitation, once finalized, would seek stockholder approval of the following proposals (“Proposals”): BINDING PROPOSALS (Proposals 1 through…

Bizarre 13D Filing on Bodisen Biotech

(Bodisen Biotech; BBCZ) ITEM 4. PURPOSE OF TRANSACTION. William H. Brandt (WHB) wants the Company to grow through prudent mergers and acquisitions in China’s fertilizer industry. WHB suspects that the Company is a victim of a Wall Street manipulation scheme. WHB intends to buy more BBCZ shares.

Icahn Extends Offer for Dynegy

NEW YORK (AP) — Billionaire investor Carl Icahn is extending a tender offer for Dynegy Inc. a day after the energy producer said it didn’t receive any new buyout bids. Funds affiliated with Icahn Investment Enterprises LP have offered approximately $665 million, or $5.50 per share, for the company. The tender offer was to expire…

Molecular Insight Ruling

Molecular Insight Receives Court Approval of Assumption of Investment Agreement and Solicitation of Alternative Transactions 01/26 03:09 PM CAMBRIDGE, MA — (MARKET WIRE) — 01/26/11 — Molecular Insight Pharmaceuticals, Inc. (MIPIQ:$0.1650,$0.0250,17.86%) (PINKSHEETS: MIPIQ), today announced that it has received approval from the U.S. Bankruptcy Court for the District of Massachusetts of its motion to assume…