(See earlier post on CPEX dated 1/31/11) MANGROVE PARTNERS QUESTIONS THE PROPOSED SALE OF CPEX PHARMACEUTICALS AND INTENDS TO VOTE “NO” ON THE MERGER Special Meeting Scheduled to Take Place March 24, 2011 New York, New York – February 28, 2011 – Mangrove Partners, owners of 149,373 shares representing approximately 5.71% of the outstanding shares…
Source: Bloomberg. Siemens Said to Weigh IPO for Osram Division Within Two Months By Julie Cruz and Zijing Wu – Feb 28, 2011 Siemens AG, Europe’s largest engineering company, is weighing an initial public offering of its Osram lighting business within the next two months, according to two people familiar with the discussion. The German…
The Walking Company Holdings, Inc. Announces Sale of BIG DOGS Trademarks and Other Corporate Events SANTA BARBARA, CA–(Marketwire – February 28, 2011) – The Walking Company Holdings, Inc. — www.thewalkingcompany.com, www.bigdogs.com — today announced the following: On February 22, the Company sold the trademarks and other intellectual property of its BIG DOGS(R) business (the “Big…
(Seahawk Drilling; HAWKQ; Filing shareholders own more than 10% of the equity) Item 4. Purpose of Transaction. Prior to the date hereof, the Reporting Persons had on file with the Securities and Exchange Commission a Schedule 13G with respect to their beneficial ownership of Common Stock. On February 16, 2011, Fund Management, on behalf of…
(Source: NY Post) Lionsgate Entertainment is the latest media company looking to cash in on investors’ seemingly insatiable desire for the next big tech play. Lionsgate is considering a spin-off of several digital assets, including its men-focused video ad network, Break Media, The Post has learned. The potential spin-off could also house Lionsgate’s share of…
Item 4. Purpose of Transaction. The Reporting Persons acquired the shares of the Company described in Item 5 of this Statement for investment purposes. On November 23, 2010, the Company accepted an offer to acquire all outstanding shares of Common Stock of the Company by a consortium of private equity groups when it entered…
(GeoEye, Inc; GEOY; 19.99% Holder) Item 4.Purpose of the Transaction. The Common Shares and the Series A Preferred Shares reported herein were acquired by Cerberus for investment purposes. Mr. Feinberg (and other senior executive officers of Cerberus) have from time to time engaged in discussions with the Company regarding one or more possible business…
MCLEAN, VA — (MARKET WIRE) — 02/25/11 — Primus Telecommunications Group, Incorporated (PMUG:$15.45,00$0.20,001.31%) , a global facilities-based integrated provider of advanced telecommunications products and services, announced the results of its special meeting of stockholders held earlier today. Primus’ stockholders voted to approve the issuance of shares of Primus common stock in connection with the company’s…
NEWS RELEASE Contacts: Raymond J. Pacini Chief Executive Officer California Coastal Communities, Inc. (949) 250-7781 CALIFORNIA COASTAL COMMUNITIES OBTAINS COURT CONFIRMATION OF PLAN OF REORGANIZATION ·Company expects to exit bankruptcy on March 1, 2011 IRVINE, California, February 24, 2011–California Coastal Communities, Inc. (OTCQB: CALCQ) announced that the United States Bankruptcy Court for the Central District…
Chrysler Group LLC filed Form 10-12G today to register certan securities. Here is an extract: Item 10. Recent Sales of Unregistered Securities. We were formed as a Delaware limited liability company in April 2009. In connection with the closing of the 363 Transaction on June 10, 2009 and the transactions contemplated by the Master Transaction…
Market Cap = $4.2 Billion HAMILTON, Bermuda–(BUSINESS WIRE)– Arch Capital Group Ltd. [NASDAQ: ACGL] today announced that its Board of Directors authorized the Company to invest up to an additional $1 billion in the Company’s common shares. This authorization is in addition to the $84.4 million available at February 24, 2011 under the Board’s previous…
Market Cap = $5.7 Billion NEW YORK–(BUSINESS WIRE)– Interpublic (NYSE:IPG – News) today announced that on February 24, 2011, the company’s Board of Directors initiated a quarterly dividend on IPG common stock and declared a common stock cash dividend of $0.06 per share, payable on March 25, 2011 to holders of record at the close…
Shares Outstanding = 5 mm MINNEAPOLIS–(BUSINESS WIRE)– Winmark Corporation (Nasdaq:WINA – News) announced today that its Board of Directors has authorized a 500,000 share repurchase in addition to the approximately 40,000 shares remaining under an existing Board authorization. The new authorization is equal to approximately ten percent of Winmark’s current outstanding shares. Winmark Corporation creates,…
(See our ealier post on Rowan – RDC – dated 12/9/10) HOUSTON, Feb. 25, 2011 /PRNewswire/ — For the three months ended December 31, 2010, Rowan Companies, Inc. (“Rowan” or the “Company”) (NYSE:RDC – News) generated net income of $57.3 million or $0.45 per share, compared to $60.8 million or $0.53 per share in the…
The following letter was sent to the Chairman of The Greater China Fund, Inc. The Fund continues to trade at a discount to its net asset value (“NAV”) after last year’s rights offering. City of London Investment Management Company Limited urges the Board to take steps to provide all shareholders with an opportunity to realize…
Skellig Capital Management LLC117 East 55th StreetNew York, NY 10022 February 22, 2011 Concurrent Computer Inc.The Board of DirectorsMr. Steve Nussrallah, ChairmanMr. Dan Mondor, Chief Executive Officer4375 River Green ParkwaySuite 100Duluth, GA 30096 Dear Concurrent Board Members: Skellig Capital Management LLC is the second largest shareholder of Concurrent Computer Inc. (“Concurrent” or the “Company”), with…
(See earlier posts on KWK dated 2/2/11, 10/25/10 and 10/18/10) Item 4. Purpose of Transaction. Item 4 is hereby amended and restated as follows: The common stock of QRI was acquired and is being held by the Reporting Persons as an investment. On October 15, 2010, QELP, Glenn Darden, Thomas F. Darden and Anne…
NEW YORK, Feb. 24, 2011 /PRNewswire/ — Ramius Value and Opportunity Advisors LLC, a subsidiary of Ramius LLC (collectively, “Ramius”), today announced that Institutional Shareholder Services (ISS), the leading independent proxy voting advisory and risk management consulting firm to the global financial community, has recommended that shareholders of Zoran Corporation (ZRAN:$10.97,00$0.09,000.83%) consent on Ramius’ WHITE…
Market Cap= $13.8 Bil SAN FRANCISCO–(BUSINESS WIRE)– Gap Inc. (NYSE:GPS – News) today announced that its Board of Directors approved several decisions that underscore the company’s financial health and commitment to delivering value to its shareholders. Gap Inc.’s Board of Directors approved an additional $2 billion share repurchase authorization and a plan to increase the…
Market Cap = $920 mm MINNEAPOLIS–(BUSINESS WIRE)– Capella Education Company (NASDAQ:CPLA – News), a provider of online post-secondary education through its wholly owned subsidiary Capella University, today announced an increase to its current share repurchase program. The Board of Directors has authorized an increase of the existing share repurchase program by $65 million up to…