Month: July 2011

TriMas Corporation Announces Agreement to Acquire Innovative Molding PR Newswire BLOOMFIELD HILLS, Mich., July 28, 2011 BLOOMFIELD HILLS, Mich. , July 28, 2011 /PRNewswire/ — TriMas Corporation (NASDAQ: TRS) – a diversified global manufacturer of engineered and applied products – today announced that it has agreed to acquire the stock of Innovative Molding, Inc. for $27 million , payable in cash at closing. […]

Gushan Environmental Energy Limited Announces Signing of Agreements to Acquire a Controlling Interest in Hunan Yin Lian Xiangbei Copper Company Limited PR Newswire NEW YORK, July 28, 2011 NEW YORK , July 28, 2011 /PRNewswire/ — Gushan Environmental Energy Limited (“Gushan” or the “Company”; NYSE: GU), a leading producer of biodiesel in China , today announced that it has entered into definitive agreements (the “Agreements”) to acquire a controlling interest in Hunan Yin Lian Xiangbei Copper Company Limited (“Xiangbei”), a PRC-based company that is currently engaged in the recycled copper business, through a series of transactions (“Transactions”) in exchange for (i) RMB30,000,000 in cash, (ii) up to 20,000,000 newly issued ordinary shares of the Company, and (iii) up to a 14.17% interest in Engen Investments Limited (“Engen”), a direct, 75%-owned British Virgin Islands (“BVI”) subsidiary of Gushan, subject to adjustment pursuant to an earn-out arrangement. The closing of each of the Transactions is subject to the satisfaction of, among others, customary closing conditions, including obtaining approvals from relevant PRC governmental authorities. The Transactions On July 27, 2011 , the Company caused True Excel Holdings Limited (“True Excel”), its indirectly 75%-owned Hong Kong acquisition subsidiary, to enter into a share purchase agreement (“PRC SPA”) with Xiangbei and its two shareholders, Messrs. […]

Advanced Equities Portfolio Company Force10 Networks to be Acquired by Dell PR Newswire CHICAGO, July 28, 2011 CHICAGO , July 28, 2011 /PRNewswire/ — Global investment banking firm Advanced Equities announced today that one of its portfolio companies, Force10 Networks, an industry leader in high-performance datacenter networking, has signed an agreement to be acquired by Dell. Operating in more than 60 countries worldwide, Force10 has emerged as a global force in datacenter, service provider, and enterprise networking. […]

China Nuvo Solar Target Acquisition SurgLine Announces Third-Party Distribution Agreement With OptiMedical, Corp. Stocking Distributor OptiMedical’s initial orders provides penetration into multi billion dollar medical and surgical product industry PR Newswire WEST PALM BEACH, Fla., July 28, 2011 WEST PALM BEACH, Fla. […]

Boston Scientific Announces $1.0B Share Repurchase Program PR Newswire NATICK, Mass., July 28, 2011 NATICK, Mass. , July 28, 2011 /PRNewswire/ — Boston Scientific Corporation’s (NYSE: BSX) Board of Directors has approved a new program authorizing the repurchase of up to $1.0 billion of its common stock and re-approving the approximately 37 million shares remaining under an existing share repurchase program. […]

Yuhe International Audit Committee Confirms Engagement of Loeb & Loeb LLP; Independent Investigation to Commence PR Newswire WEIFANG, China, July 28, 2011 WEIFANG, China , July 28, 2011 /PRNewswire-Asia-FirstCall/ — The Audit Committee (the “Audit Committee”) of the Board of Directors of Yuhe International, Inc. (Other OTC: YUII.PK) (“Yuhe” or the “Company”), a leading supplier of day-old chickens raised for meat production, or broilers, in the People’s Republic of China (“PRC”), today confirmed that it has engaged Loeb & Loeb LLP as counsel in connection with an independent investigation it is conducting with respect to issues relating to the Company and the status of previously reported acquisition transactions. […]

Macerich Announces Quarterly Results PR Newswire SANTA MONICA, Calif., July 28, 2011 SANTA MONICA, Calif. , July 28, 2011 /PRNewswire/ — The Macerich Company (NYSE Symbol: MAC) today announced results of operations for the quarter ended June 30, 2011 which included total funds from operations (“FFO”) diluted of $66.7 million or $.47 per share-diluted, compared to $.57 per share-diluted for the quarter ended June 30, 2010 . For the quarter ended June 30, 2011 , adjusted FFO (“AFFO”) per share-diluted was $.72 and excludes the impact of a $35.7 million or $.25 per share impairment charge […]

DuPont Delivers Strong Results in Second Quarter; Increases 2011 Earnings Guidance Sales Gains in all Segments & Regions and Danisco Acquisition Underpin Growth Outlook PR Newswire WILMINGTON, Del., July 28, 2011 WILMINGTON, Del. , July 28, 2011 /PRNewswire/ — Highlights: Second-quarter 2011 earnings were $1.37 per share, up 17 percent versus $1.17 per share in the prior year, excluding significant items from both periods (see Schedule B). Reported second-quarter 2011 earnings were $1.29 per share, including significant item charges of $.08 per share related to the acquisition. […]