Mergers & Acquisitions

Allbritton Television Group Explores Strategic Alternatives

Allbritton Television Group Explores Strategic Alternatives PR Newswire ARLINGTON, Va., May 1, 2013 ARLINGTON, Va. , May 1, 2013 /PRNewswire/ — Allbritton Communications Company announced today its intention to explore and evaluate potential strategic alternatives, which may result in, among other things, the possible sale of the Company. The Company has retained Moelis & Company LLC as its financial advisor and Paul Hastings and Dow Lohnes as its legal counsel […]

Mergers & Acquisitions

Orvis to Acquire the Scientific Anglers and Ross Reels Businesses from 3M

Orvis to Acquire the Scientific Anglers and Ross Reels Businesses from 3M PR Newswire MANCHESTER, Vt., May 1, 2013 MANCHESTER, Vt ., May 1, 2013 /PRNewswire/ — The Orvis Company, Inc. of Manchester, Vermont today announced it has entered into a definitive agreement to acquire the Scientific Anglers and Ross Reels businesses from 3M (NYSE:MMM). Upon completion of the transaction, Orvis plans to continue to operate the Midland, MI based business independently under the Scientific Anglers brand […]

Mergers & Acquisitions

COIT Cleaning and Restoration Company Acquires Sacramento Franchise, Announces New Services

COIT Cleaning and Restoration Company Acquires Sacramento Franchise, Announces New Services COIT, a leading supplier of specialty cleaning and disaster restoration services headquartered in San Francisco, has acquired the company’s franchise in Sacramento, CA. COIT Sacramento, which previously offered only residential and commercial cleaning services, will now also provide disaster restoration services to the Sacramento market. PR Newswire SAN FRANCISCO, May 1, 2013 SAN FRANCISCO , May 1, 2013 /PRNewswire-iReach/ — “We appreciate the hard work of the Sacramento ownership group, which operated a successful COIT franchise for many years,” Bob Kearn , president and CEO of COIT, said. […]

Mergers & Acquisitions

Markel Announces Completion Of Alterra Acquisition

Markel Announces Completion Of Alterra Acquisition PR Newswire RICHMOND, Va., May 1, 2013 RICHMOND, Va. , May 1, 2013 /PRNewswire/ — Markel Corporation (“Markel”) (NYSE: MKL) announced today that it has completed its acquisition of Alterra Capital Holdings Limited (“Alterra”) (NASDAQ: ALTE; BSX: ALTE.BH). The closing follows receipt of all necessary regulatory approvals and votes in favor of the transaction by the shareholders of the two companies in February […]

Economic Data

More Data, More Disappointment – Ahead of Wall Street (ADP)

Wednesday, May 1, 2013 The market sees all evidence of economic weakness as guaranteeing continued Fed support. As a result, stocks have moved into record territory as economic and earnings data have come on the weak side. We have the manufacturing ISM reading coming out a little later, but the jobs data from Automatic Data Processing ( ADP ) this morning was clearly off the mark. […]

Economic Data

May 1: ADP Data Clearly Off the Mark – Economic Highlights

The market sees all evidence of economic weakness as guaranteeing continued Fed support. As a result, stocks have moved into record territory as economic and earnings data have come on the weak side. We have the manufacturing ISM reading coming out a little later, but the jobs data from Automatic Data Processing (ADP) this morning was clearly off the mark. […]

Mergers & Acquisitions

Newpark Resources Announces Sale Process For Environmental Services Business

Newpark Resources Announces Sale Process For Environmental Services Business PR Newswire THE WOODLANDS, Texas, May 1, 2013 THE WOODLANDS, Texas , May 1, 2013 /PRNewswire/ — Newpark Resources, Inc. (NYSE:NR) today announced that the Company’s Board of Directors has approved a plan to initiate a sale process for the Company’s Environmental Services division. Simmons and Company International has been engaged to assist in the sale process. […]

Mergers & Acquisitions

Pramati Acquires WaveMaker Assets from VMware

Pramati Acquires WaveMaker Assets from VMware Pramati to Use WaveMaker’s Visual Rapid Application Development (RAD) Platform to Grow and Enhance Cloud-Based Java Development PR Newswire SAN FRANCISCO, May 1, 2013 SAN FRANCISCO , May 1, 2013 /PRNewswire/ — Pramati, a software engineering firm and incubator of innovative technology companies that address new business opportunities in cloud, mobile, social and big data, has officially announced the acquisition of certain assets of WaveMaker from VMware. WaveMaker, acquired by VMware in March 2011 , is a visual Rapid Application Development (RAD) software platform that will be used to grow and enhance Pramati’s cloud-based Java development capabilities. Terms of the transaction were not disclosed. […]