Month: July 2012

Mergers & Acquisitions

Systems America is in Discussions with Several Banks and Debt Funds for Senior and Mezzanine Debt to Finance its Acquisitions

July 31, 2012 0

Systems America is in Discussions with Several Banks and Debt Funds for Senior and Mezzanine Debt to Finance its Acquisitions Exploring Multiple Options to Raise over $20 million in Debt including a Bond Offering in European Markets PR Newswire SAN RAMON, Calif., July 31, 2012 SAN RAMON, Calif. , July 31, 2012 /PRNewswire/ — Systems America, Inc. (OTC: SYAI) (the “Company”), a premier provider of cloud computing and information technology solutions, announced today that the Company is in discussions with number of banks and mezzanine debt funds to provide capital to fund the Company’s acquisitions […]

Mergers & Acquisitions

The Investment Industry Association of Canada Responds to Completion of Maple Group’s Acquisition of TMX

July 31, 2012 0

The Investment Industry Association of Canada Responds to Completion of Maple Group’s Acquisition of TMX Canada NewsWire TORONTO, July 31, 2012 TORONTO , July 31, 2012 /CNW/ – With the deal to acquire TMX by Maple Group now finalized, the Investment Industry Association of Canada (the IIAC) today announced the formation of the IIAC TMX Group Advisory Committee to monitor the implementation and effectiveness of safeguards for pricing and access to services offered by Maple Group to market participants. “The Maple transaction has been a contentious issue for the investment industry, in terms of the merits of the transaction and the needed protections for investors and issuers. However, now that the deal is finalized, the industry, led by the IIAC, will encourage and assist in the efficient and timely consolidation of services in the new TMX Group to minimize disruptions in our markets and related costs to our member firms,” said Ian Russell , the IIAC’s President & CEO […]

Mergers & Acquisitions

Maple and TMX Group Announce Take Up Under Maple Offer; All Conditions to Maple Offer Have Been Satisfied

July 31, 2012 0

Maple and TMX Group Announce Take Up Under Maple Offer; All Conditions to Maple Offer Have Been Satisfied Canada NewsWire TORONTO, July 31, 2012 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR PART, IN, INTO OR FROM ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO. New Maple Board of Directors has been appointed Approximately 91% of outstanding TMX Group shares deposited under Maple offer Offer remains open until 5:00 p.m. (Eastern time) on August 10 TORONTO , July 31, 2012 /CNW/ – Maple Group Acquisition Corporation (“Maple”) and TMX Group Inc. […]

U.S. Marine Corps to Keep K-MAX Unmanned Cargo Re-supply Helicopter in Theater for Second Deployment Extension

July 31, 2012 0

U.S. Marine Corps to Keep K-MAX Unmanned Cargo Re-supply Helicopter in Theater for Second Deployment Extension PR Newswire WEBSTER FIELD, Md., July 31, 2012 WEBSTER FIELD , Md., July 31, 2012 /PRNewswire/ — For the second time this year, the U.S. Marine Corps has approved the deployment extension of K-MAX Cargo UAS, the first unmanned helicopter to deliver cargo and resupply troops in a combat zone. […]

TEXAS INSTRUMENTS AWARDS RICE UNIVERSITY STUDENTS ENGIBOUS PRIZE AS WINNERS OF TI ANALOG DESIGN CONTEST

July 31, 2012 0

TEXAS INSTRUMENTS AWARDS RICE UNIVERSITY STUDENTS ENGIBOUS PRIZE AS WINNERS OF TI ANALOG DESIGN CONTEST mobileVision caught the attention of the industry’s top visionaries PR Newswire DALLAS, July 31, 2012 DALLAS , July 31, 2012 /PRNewswire/ — Texas Instruments Incorporated (TI) (NASDAQ:TXN) selected students from Rice University as the overall winners of its fifth annual Analog Design Contest Engibous Prize – an analog design award that showcases the imaginative spirit and inner competitive streak of today’s aspiring innovators. The students – Richard Latimer , Adam Samaniego , Kevin Beale , George Chen and Minhee Park – integrated MSP430, N Channel Power MOSFET, Step Down Switching Voltage Regulator, Power Amplifier and Low Dropout Regulator from TI in the construction of their project. This year’s winning entry is a device called mobileVision, which allows untrained individuals to take snapshots of a retina outside of a clinical environment. […]

Stock Analysts

Plum Creek Surpasses Estimates (PCL) (WY)

July 31, 2012 0

Plum Creek Timber Co. Inc. ( PCL ), a real estate investment trust (REIT) owning and managing timberlands in the U.S., reported earnings of $36 million or 22 cents per share in the second quarter of 2012, compared with $44 million or 27 cents in the year-earlier quarter […]

Mergers & Acquisitions

CenterPoint Energy closes on gathering and processing assets in northeast Texas

July 31, 2012 0

CenterPoint Energy closes on gathering and processing assets in northeast Texas PR Newswire HOUSTON, July 31, 2012 HOUSTON , July 31, 2012 /PRNewswire/ — CenterPoint Energy Field Services, LLC (CEFS), an indirect, wholly-owned natural gas gathering, processing and treating subsidiary of CenterPoint Energy, Inc. (NYSE: CNP), announced today that it has closed on an acquisition of gathering and processing assets for approximately $275 million from Prism Gas Systems I, L.P. (Prism), a wholly-owned subsidiary of Martin Midstream Partners L.P […]

Stock Analysts

AGCO Corp’s EPS Beats, Revenue Lags (AGCO) (CNH) (DE)

July 31, 2012 0

AGCO Corporation ( AGCO ) reported second quarter 2012 adjusted earnings of $2.08 per share, which exceeded the Zacks Consensus Estimate of $1.81 as well as the year-ago quarter’s earnings of $1.35. Results benefitted from sales and production growth, improved pricing in North America and Western Europe, low levels of material cost inflation, and savings from strategic as well as recent GSI acquisition. […]

Stock Analysts

Maxim Beats, Guides in Line (AAPL) (MXIM)

July 31, 2012 0

Maxim’s ( MXIM ) fourth quarter earnings excluding special items and including stock based compensation expenses beat the Zacks Consensus by 6 cents. Revenue Fourth quarter revenue of $605.0 million was up 5.9% sequentially, down 3.4% year over year and exactly in line with management’s guidance range of $590-620 million, or up 3.3% to 8.5% sequentially. […]