Month: July 2012

Allison Transmission Purchases Equity Stake in Odyne Systems New relationship between Allison and Odyne will benefit commercial hybrid trucks with urban drive cycles and high energy requirements while the vehicle is stationary PR Newswire INDIANAPOLIS, July 2, 2012 INDIANAPOLIS , July 2, 2012 /PRNewswire/ — Allison Transmission Inc. (NYSE: ALSN), the world’s largest manufacturer of fully-automatic transmissions for medium- and heavy-duty commercial vehicles and hybrid-propulsion systems for city buses, today announced it has invested in a non-controlling equity stake in Odyne Systems LLC. Odyne, a leading manufacturer of advanced hybrid control systems, designed and developed an innovative plug-in hybrid power system which interfaces with the Allison family of commercial vehicle transmissions […]

Antero Resources Announces Closing of Arkoma Basin Asset Sale PR Newswire DENVER, July 2, 2012 DENVER , July 2, 2012 /PRNewswire/ — Antero Resources today announced that on June 29, 2012 it closed the previously announced sale of all of its exploration and production assets in the Arkoma Basin along with associated commodity hedges to Vanguard Natural Resources, LLC for $445 million in cash. After adjusting for estimated income, expenses and capital costs related to the Arkoma Basin properties and associated commodity hedges from the April 1, 2012 effective date of the sale through June 29, 2012 , gross proceeds at closing was $434 million , subject to final post-closing adjustments. The Company expects to recognize a noncash loss on the sale of the properties […]

Trimble to Acquire WinEstimator to Extend Meridian Systems’ Capabilities for General Contractors and Owners Acquisition Adds Estimating Software Solutions to Meridian Systems’ Portfolio PR Newswire SUNNYVALE, Calif., July 2, 2012 SUNNYVALE, Calif. , July 2, 2012 /PRNewswire/ — Trimble (NASDAQ: TRMB) announced today that it has entered into a definitive agreement to acquire WinEstimator, Inc. […]

L&L Updates LuoZhou Acquisition — Improving Mining and Wholesale Operations PR Newswire SEATTLE, July 2, 2012 SEATTLE , July 2, 2012 /PRNewswire/ — L & L Energy, Inc. (NASDAQ: “LLEN”) (“L&L” or “Company”), a Seattle -based company with a five-year track record of profitable coal operations in China , announces that it will use an equity interest swap with Union Energy as part of the acquisition of the LuoZhou Mine. […]

Prosperity Bancshares, Inc. Completes Merger With American State Financial Corporation PR Newswire HOUSTON, July 2, 2012 HOUSTON , July 2, 2012 /PRNewswire/ — Prosperity Bancshares, Inc. (NYSE: PB), the parent company of Prosperity Bank, (collectively referred to as “Prosperity”) announced the completion of the merger with American State Financial Corporation and its wholly owned subsidiary American State Bank (collectively referred to as “ASB”) whereby American State Bank was merged with and into Prosperity Bank effective on July 1, 2012 . […]

Westcon Group Announces Acquisition of Afina Group Deal Expands Distributor’s Presence in Important Latin American, Iberian, and North African Security and Data Center Markets PR Newswire TARRYTOWN, N.Y., July 2, 2012 TARRYTOWN, N.Y. , July 2, 2012 /PRNewswire/ — Westcon Group, a value-added distributor of category-leading unified communications, network infrastructure, data center and security solutions with a global network of specialty resellers, today announced the acquisition of the Afina Group through the acquisition of GLS Software and its subsidiaries. The deal will immediately expand Westcon’s presence in the Latin American, Iberian, and North African marketplaces […]

Ingram Micro To Become Leading Provider Of Mobility Products, Services And Solutions With Acquisition Of BrightPoint – Provides immediate scale in rapidly-growing mobility market – Expands Ingram Micro’s suite of high-value logistics services and solutions – More than $55 million in expected annual cost synergies and efficiencies by 2014 – All cash acquisition expected to expand margins and be meaningfully accretive to earnings per share PR Newswire SANTA ANA, Calif. and INDIANAPOLIS, July 2, 2012 SANTA ANA, Calif. and INDIANAPOLIS , July 2, 2012 /PRNewswire/ — Ingram Micro Inc […]

Sony Computer Entertainment to Acquire Gaikai Inc., a Leading Interactive Cloud Gaming Company SCE to Build a Cloud Service Bringing Gaikai’s Cloud Based-Streaming Technologies into Its Network Business PR Newswire TOKYO, July 2, 2012 TOKYO , July 2, 2012 /PRNewswire/ — Sony Computer Entertainment (SCE) today announced that it entered into a definitive agreement on June 30, 2012 (Japan Time) to acquire Gaikai Inc., the world’s leading interactive cloud-based gaming company, for approximately USD 380 million . Through the acquisition, SCE will establish a new cloud service, ensuring that it continues to provide users with truly innovative and immersive interactive entertainment experiences. “By combining Gaikai’s resources including its technological strength and engineering talent with SCE’s extensive game platform knowledge and experience, SCE will provide users with unparalleled cloud entertainment experiences,” said Andrew House , President and Group CEO of Sony Computer Entertainment Inc. […]

Home Inns Group Announces Acquisition of eJia Express Hotels Company will strengthen regional brand presence with addition of 13 hotels in Anhui Province PR Newswire SHANGHAI, July 1, 2012 SHANGHAI , July 1, 2012 /PRNewswire-Asia/ — Home Inns & Hotels Management Inc. (“Home Inns Group”, NASDAQ: HMIN), a leading economy hotel chain in China , today announced that it has completed an acquisition of 100% ownership of Anhui Youle Fashion Hotel Management Co., Ltd. […]

Prime Healthcare Services Completes Purchase of Saint Mary’s Regional Medical Center, Reno, Nevada Saint Mary’s to maintain all healthcare services and the Spiritual Care department PR Newswire ONTARIO, Calif., July 1, 2012 ONTARIO, Calif. , July 1, 2012 /PRNewswire/ — Prime Healthcare Services announced today that it has completed its purchase of Saint Mary’s Regional Medical Center, located in Reno, Nevada , from Dignity Health (formerly Catholic Healthcare West). Prime Healthcare also announced that Helen Lidholm , BSN, MBA, the current chief operating officer at the hospital, has been promoted to chief executive officer […]