New Law Blogs

Gatehouse Media Launches Radarfrog.com Savings Platform Web Site Ideal For Shoppers Seeking Convenient Ways To Save

Posted on March 30, 2010
FAIRPORT, N.Y. , March 29, 2010 – GateHouse Media, Inc. announced today that its newly developed online membership rewards and shopping platform, RadarFrog.com, launches April 1, 2010.

PNG Ventures, Inc. And Subsidiaries Emerge From Chapter 11 Reorganization

Posted on March 30, 2010
DALLAS--(BUSINESS WIRE)--PNG Ventures, Inc. (OTCBB:PNGXQ) today announced it and its wholly owned subsidiaries, New Earth LNG, LLC, Arizona LNG, LLC, Applied LNG Technologies USA, LLC, Fleet Star, Inc., and Earth Leasing, Inc. (collectively, the ?Company?), have successfully emerged from the voluntary reorganization filed on September 9, 2009 under Chapter 11 of the United States Bankruptcy Code...

Astellas Signs Confidentiality Agreement With Osi

Posted on March 29, 2010
Also, under the confidentiality agreement, until 11.59 p.m. EDT on May 15, 2010, Astellas will not acquire any shares pursuant to its outstanding tender offer, take any further action on the pending litigation initiated by it or file a preliminary or definitive proxy statement in connection with OSI's annual meeting...

Ecoblu Products, Inc. Executes A Securities Purchase Agreement That Provides $1.5 Million In Convertible Debt Financing

Posted on March 29, 2010
Vista, California, March 29th, 2010 ? EcoBlu Products, Inc. (OTCBB: ECOB), an environmentally friendly wood manufacturer, announced today that the Company entered into a definitive purchase agreement on March 26th, 2010, with institutional investors to place Senior Secured Convertible Notes totaling $1...

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Timberline Agrees To Acquire Staccato Gold With Potential Near-term Nevada Gold Production At Lookout Mountain

Posted on March 29, 2010
Executives of Timberline and Staccato will hold a conference call to discuss this acquisition at 4:30 pm Eastern Time (1:30 pm Pacific Time) tomorrow afternoon, March 24, 2010. Details regarding the conference call are provided below.

Microtune Announces Settlement Agreement With Ramius LLC

Posted on March 24, 2010
Under the settlement agreement, Microtune and Ramius have agreed upon a slate of nominees, including Drew Peck, a semiconductor analyst and consultant; Robert Rast, a Principal at Tsar Digital; and Raghu Rau, formerly a senior vice president at Motorola and currently a strategic advisor for high-technology companies, to stand for election as new independent directors on the Microtune Board at the.

Chesapeake Lodging Trust Acquires Hyatt Regency Boston

Posted on March 19, 2010
James L. Francis, Chesapeake's President and Chief Executive Officer, stated, "We are very excited that our first acquisition is located in the central business district of a strong gateway market like Boston. Hyatt Regency Boston is a well-maintained, high-quality asset that will continue to benefit from Hyatt's brand strength and management expertise...

Pegasystems To Acquire Chordiant Software

Posted on March 15, 2010
Under the terms of the agreement, Pegasystems will make a cash tender offer of $5.00 per share for all outstanding shares of Chordiant common stock for a total purchase price of up to approximately $161.5 million, assuming all outstanding shares are tendered...

Evergreen Energy Signs Definitive Agreement To Sell Buckeye Assets - Buckeye Sale To Retire 2009 Convertible Notes - - Spin-off of K-fuel Technology...

Posted on March 15, 2010
DENVER, March 15, 2010 ? Evergreen Energy Inc. (NYSE Arca: EEE) today announced that it has signed a definitive agreement with Rosebud Mining Company for the sale of certain assets of both Buckeye Industrial Mining Co. and Evergreen.  The sale will generate aggregate proceeds to the company of $32...

Gsi Group Announces Agreement In Principle With Certain Senior Noteholders As To Modifications of The Terms of Its Chapter 11 Reorganization Plan

Posted on March 15, 2010
Most significantly, the Plan would be modified to increase the recovery of existing equity holders from 18.6% of the Company's post-consummation outstanding shares to 41.1%, which would be issued in common shares. In addition, existing equity holders would receive one series of three-year warrants for a number of common shares equal to 10% of 110% of the Company's post-consummation outstanding...

BNY Mellon Agrees To Acquire BHF Asset Servicing GMBH Will Become Second Largest Asset Servicing Provider In Germany Combined German Organisation Will Have...

Posted on March 10, 2010
FRANKFURT and NEW YORK, March 8, 2010 – BNY Mellon, the global leader in asset management and securities servicing, has agreed to acquire BHF Asset Servicing GmbH from BHF-BANK Aktiengesellschaft and Sal. Oppenheim jr. & Cie. S.C.A. for EUR253 million (US$343 million), subject to regulatory approvals...

Ii-vi Withdraws Proposal To Acquire Zygo Corporation For $10.00 Per Share

Posted on March 09, 2010
PITTSBURGH, PA, March 9, 2010 – II-VI Incorporated (NASDAQ Global Select: IIVI) announced today that it is withdrawing its proposal to acquire all the outstanding common shares of Zygo Corporation (NASDAQ: ZIGO) for $10.00 per share. II-VI submitted an offer to Zygo's Board of Directors on January 5, 2010...

Nabi Biopharmaceuticals Closes Nicvax® Option And License Agreement

Posted on March 08, 2010
"The closing of this agreement marks the culmination of our strategic alternatives process. We, along with our strategic partner, GSK are fully focused on realizing the significant value of NicVAX through the successful development and commercialization of this product," said Dr...

River Valley Financial Bank Announces Agreement On Branch Purchase

Posted on March 08, 2010
Madison, Indiana ? (March 3, 2010) River Valley Bancorp (NASDAQ Capital Market, Symbol ?RIVR?), an Indiana corporation (the ?Corporation?) and holding company for River Valley Financial Bank (the ?Bank?) based in Madison, Indiana, announced today that the Bank has signed an agreement with The New Washington State Bank (?New Washington?) under which the Bank will acquire the deposit relationships,.

China Armco Metals Enters Into Scrap Steel Supply Contract With Major China Steel Producer Valued At Up To $100 Million In 2010

Posted on March 05, 2010
China Armco to Supply up to 230,000 Metric Tons of Scrap Steel Under the Terms of the Contract from Its Recently Completed Scrap Facility in Lianyungang SAN MATEO, CA- (Market Wire ? March 4, 2010) - China Armco Metals, Inc. (NYSE AMEX: CNAM), a distributor of imported metal ore and metal recycler with a new state of the art scrap metal recycling facility in China, today announced that Armet...

Chinatel Announces Amendments To Stock Purchase Agreements And Receipt $10 Million In Accordance With Amended Agreements

Posted on March 05, 2010
IRVINE, CA ?March 5, 2010 ? ChinaTel Group, Inc. (ChinaTel) (OTCBB: CHTL), a leader in high speed wireless broadband and telecommunications infrastructure engineering and construction services, today announced it has entered into amendments to its Stock Purchase Agreements (SPA) with Excel Era Limited (Excel) and Isaac Organization (Isaac) and that it has received $10 million from Isaac...

Nabi Biopharmaceuticals' Stockholders Approve Nicvax Option And License Agreement

Posted on March 05, 2010
More than 73 percent of the outstanding shares of the Company's common stock were voted in favor of the transaction. Of the shares that were voted, more than 99% were voted in favor of the transaction.

Donlin Creek LLC Negotiates Amendments To Lease Agreement

Posted on March 05, 2010
Among other things, these amendments provide for (i) the lease of certain additional lands that may be required for the development of the property, (ii) an extension of the term of the lease to April 30, 2031 and automatically year to year thereafter, so long as either mining or processing operations are carried out on or with respect to the property in good faith on a continuous basis in such...

Astellas Pharma Inc. Commences Tender Offer To Acquire All Outstanding Shares of Osi Pharmaceuticals For $52 Per Share In Cash Astellas Files Lawsuit Against...

Posted on March 02, 2010
The Company also announced that Astellas US Holding, Inc., a wholly owned subsidiary of Astellas Pharma Inc., filed a lawsuit in the Delaware Court of Chancery against OSI and its directors seeking, among other things, declaratory and injunctive relief enjoining OSI and its directors from engaging in any action or inaction, including applying OSI's "poison pill" rights plan, that has the effect...

Silver Wheaton Exercises Right To Acquire 12.5% of Life of Mine Silver Production From The Loma De La Plata Zone of The Navidad Project

Posted on March 02, 2010
Subject to finalizing the definitive terms of the agreement, Silver Wheaton will pay Pan American upfront cash payments totaling US$32.4 million to acquire an amount equal to 12.5% of all payable silver produced from the Loma de La Plata zone at Navidad for the lesser of US$4...

Authentec Acquires Safenet?s Embedded Security Solutions Division

Posted on February 26, 2010
MELBOURNE, Fla., February 26, 2010 -- AuthenTec (NASDAQ: AUTH), a leading provider of smart fingerprint sensors and solutions, announced today that it has acquired SafeNet, Inc.?s Embedded Security Solutions Division in a cash and stock transaction which further strengthens AuthenTec?s offering of security and identity management solutions.

Dollar Thrifty Automotive Group Extends Vehicle Supply Agreement With Ford Motor Company

Posted on February 26, 2010
Tulsa, Oklahoma, February 24, 2010:  Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced that it has extended its vehicle supply agreement with Ford Motor Company (Ford) for an additional year.  The agreement will allow the Company to source a portion of its annual vehicle purchases through Ford until August 2013 and can be extended further with joint approval.

Arch Chemicals Reaches Agreement To Sell Industrial Coatings Business To Sherwin-williams

Posted on February 23, 2010
The agreement covers operations located in Italy, U.K., Spain, North America and Singapore. These locations manufacture and supply a wide range of industrial coatings used for surface protection and decorative finishes in furniture and joinery applications...

Silicon Storage Technology Announces Amended Merger Agreement With Microchip

Posted on February 23, 2010
SUNNYVALE, Calif., Feb. 23, 2010 – SST (Silicon Storage Technology, Inc.) (NASDAQ: SSTI), a leading memory and non-memory products provider for high-volume applications in the digital consumer, networking, wireless communications and Internet computing markets, today announced that it has entered into an amendment to its previously announced merger agreement with Microchip Technology Incorporated.

Schlumberger And Smith International Announce Agreement

Posted on February 22, 2010
Under the terms of the agreement, Smith shareholders will receive 0.6966 shares of Schlumberger in exchange for each Smith share. Based upon the undisturbed closing stock prices for both companies on February 18, 2010, the agreement places a value of $45...

Eternal Image Signs Licensing Agreement With The Vatican Observatory Foundation

Posted on February 22, 2010
FARMINGTON HILLS, MI – February 22, 2010 – Eternal Image, Inc. (the "Company") (OTCBB:ETNL), a public company engaged in the design, manufacturing and marketing of officially licensed funerary products, such as caskets, urns, monuments and vaults, today announced it has executed an agreement to design, manufacture and market a line of official Vatican Observatory Foundation branded funerary...

North State Bank Acquires Mortgage Operations of

Posted on February 16, 2010
RALEIGH, N.C…North State Bank has completed the acquisition of the mortgage operations of Raleigh-based Affiliated Mortgage, announced Larry Barbour, president and CEO for North State. The agreement was finalized on February 12, 2010, creating a new division of the bank- North State Bank Mortgage...

Skillsoft Announces Agreement On The Terms of A Recommended Acquisition For Cash BY Private Investor Group

Posted on February 12, 2010
DUBLIN, IRELAND AND NASHUA, N.H., February 12, 2010 - SkillSoft PLC (Nasdaq: SKIL), a leading Software as a Service (SaaS) provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small to medium-sized businesses, today announced that it has reached agreement on the terms of a recommended acquisition of the Company by a new company...

Sri Surgical Signs National Brand Distribution Agreement

Posted on February 12, 2010
"This new agreement gives us access to a distribution network that is well established and nationally recognized," said Gerald Woodard, CEO of SRI Surgical. "Additionally, we now have an avenue to grow within certain areas of the marketplace not currently serviced with our products...

Atlas Acquisition Holdings Corp. Announces Entry Into Agreements Relating To Securing Stockholder Approval of Business Combination With Select Staffing

Posted on February 11, 2010
Atlas has also been advised that the Atlas founders and Sorensen Trust are continuing to negotiate similar agreements with other holders of shares of Atlas common stock issued in its initial public offering and potential buyers of such shares as part of their efforts to secure stockholder approval of the proposed Select Staffing business combination...

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