Mississippi Business Journal » acquire

State buys more property on Gulf island for $8M

Associated Press — Fri, 03 May 2013 11:30:55 +0000

MISSISSIPPI GULF COAST — The state of Mississippi has bought 217 more acres of Cat Island to set aside for public use. About one-third of Cat Island is part of the National Park Service’s Gulf Islands National Seashore and BP purchased about one-third of the island following the 2010 oil spill from the Boddie family, [...]

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One of city’s oldest buildings gets new owners

Associated Press — Thu, 02 May 2013 12:37:01 +0000

NATCHEZ — A new owner plans to breathe new life into one of Natchez’s oldest structures. Natchez native, chef and restaurateur Regina Charboneau, her husband Doug and their son Jean Luc recently purchased King’s Tavern. Over the next several months, the family plans to clean up the property and eventually reopen the restaurant as early [...]

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Stockholders approve sale of casino for $869M

Associated Press — Thu, 02 May 2013 12:00:38 +0000

VICKSBURG — The sale of Ameristar Casino will mark the second gambling house buyout in Vicksburg in less than a year. The stockholders of Las Vegas-based Ameristar Casinos Inc. last week approved the company’s planned acquisition by Pinnacle Entertainment. The all-cash transaction is estimated to be valued at $869 million. No change to Ameristar’s brand [...]

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The First buys Alabama bank for undisclosed sum

Associated Press — Tue, 30 Apr 2013 12:37:16 +0000

HATTIESBURG — The First Bancshares Inc. has acquired First National Bank of Baldwin County, Ala. Terms of the acquisition, announced yesterday, were not made public. Officials say the acquisition expands The First into Alabama with five new branches. The First will now have 24 locations in Mississippi, Louisiana and South Alabama. The First will now [...]

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County to buy abandoned warehouse, industrial property

Associated Press — Mon, 29 Apr 2013 16:37:20 +0000

NATCHEZ — Adams County has agreed to buy a 450,000-square-foot warehouse at the Natchez-Adams County Port. County board of supervisors President Darryl Grennell says the warehouse will help economic development in the area. The warehouse on the Mississippi River houses products loaded on and unloaded off barges. The port has operated the warehouse for Valley [...]

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Law clears way for UMMC to take over hospital

Associated Press — Sun, 28 Apr 2013 23:14:23 +0000

GRENADA — Legislation that would allow the University of Mississippi Medical Center to take over a hospital in Grenada has been signed into law. Gov. Phil Bryant signed House Bill 1721. It takes effect immediately. Grenada County has been shopping around the county-owned Grenada Lake Medical Center since last summer. The bill would allow the [...]

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Prospective buyer approaches supervisors about hospital

Associated Press — Fri, 26 Apr 2013 11:39:32 +0000

NATCHEZ — Less than five years after Adams County failed to find a buyer for county-owned Natchez Regional Medical Center, at least one interested buyer recently emerged. The Natchez Democrat reports the potential buyer approached several Adams County supervisors. Supervisor Mike Lazarus says it’s too early to tell what will come from the inquiry, but [...]

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County looking to buy land from alternative fuel company

Associated Press — Wed, 24 Apr 2013 12:05:58 +0000

NATCHEZ — Adams County officials are continuing talks on buying the former International Paper site from Rentech. The Natchez Democrat reports supervisors met Monday and board attorney Scott Slover said no decision has been made. The IP mill was once home to the area’s biggest employer but was shuttered in 2003. Rentech purchased the property [...]

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Retailer expanding, buying former Viking Cooking School site

MBJ Staff — Tue, 02 Apr 2013 12:31:35 +0000

RIDGELAND — Cowboy Maloney’s Appliance, Electronics and Bedding Superstores is expanding its Ridgeland location by acquiring the recently closed Viking Cooking School space. The store will be known as Cowboy’s Kitchens. The cost of the acquisition was not disclosed. Since its inception of the, the Viking Store by Cowboy Maloney’s in Ridgeland has seen an [...]

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Jackson-based bank buying branch office in Oxford

MBJ Staff — Fri, 29 Mar 2013 14:37:07 +0000

OXFORD — Trustmark National Bank, a subsidiary of Trustmark Corporation, has signed a definitive branch purchase and assumption agreement pursuant to which it will acquire the two branches of SOUTHBank, F.S.B., serving the Oxford market. The agreement contemplates the assumption of selected deposit accounts of approximately $11.8 million as well as the purchase of the [...]

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