Posts Tagged ‘acquisition’

Dollar General’s attempt to buy Family Dollar goes hostile

GOODLETTSVILLE, Tenn. — Dollar General is going hostile with its $9.1 billion bid for Family Dollar after its rival repeatedly rejected previous offers. The discount chain has commenced an open offering to investors of Family Dollar Stores Inc. for $80 per share in cash. That offer was rejected last week by the company’s board, which […] [...]

Callon Petroleum to sell shares to fund acquisition in Texas

NATCHEZ — Callon Petroleum Company is selling stock to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas. The Natchez-based company will sell 12.5 million shares, giving the brokerages underwriting the sale the option to buy up to another 1.875 million shares. At current prices, Callon […] [...]

New York firm buying majority interest in Tupelo mall, shopping center

TUPELO — Rouse Properties Inc., a New York-based owner and operator of enclosed regional malls, has entered a joint venture partnership with David Hocker & Associates Inc. to own and operate The Mall at Barnes Crossing, a single-level, 670,000-square-foot enclosed regional mall in Tupelo. The joint venture also includes Market Center, a 60,000-square-foot strip shopping […] [...]

PriorityOne buys mortgage lending offices; forms ‘Delta Division’

MAGEE — PriorityOne Bank has acquired new mortgage lending offices in Greenwood and Greenville, which have been dubbed the “Delta Division” of PriorityOne Mortgage. These offices will give PriorityOne Mortgage the ability to service cities and towns in the Delta region of Mississippi. Robert J. Barnes, president and CEO of PriorityOne Bank, said, “We are […] [...]

Georgia-Pacific completes acquisition of SPG Holdings

HATTIESBURG — Georgia-Pacific, LLC and SPG Holdings, LLC have completed the previously announced acquisition of SPG by Georgia-Pacific. Financial details of the agreement are not being disclosed. As a result of the acquisition, Georgia-Pacific acquired all of the equity of SPG held by investors in the company including CIC Partners, a Dallas-based middle market private […] [...]

Two BancorpSouth mergers delayed by federal inquiries

TUPELO — BancorpSouth Inc. has extended its merger agreements with Ouachita Bancshares Corp. and Central Community Corporation. BancorpSouth, Ouachita Bancshares Corp. and Central Community Corporation have determined additional time will be required to obtain regulatory approvals and to satisfy closing conditions necessary to complete their respective mergers.  They have extended their respective merger agreements to […] [...]

Severstal selling plants, including Severstal Columbus

COLUMBUS — Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Word of a possible sale began to circulate earlier this year as the West threatened sanctions against Russia for its activity in the Ukraine, but Severstal has not […] [...]

Illinois firm buys Dogwood Festival for undisclosed sum

FLOWOOD — Inland Real Estate Income Trust Inc. of Oak Brook, Illinois, has acquired the 187,610-square-foot Dogwood Festival Shopping Center in Flowood, Mississippi. Lou Quilici, senior vice president of IREIT Business Manager & Advisor Inc., facilitated the transaction. Constructed in 2002, Dogwood Festival Shopping Center is 97.8 percent leased to 36 tenants, including T.J. Maxx, […] [...]

Renasant reports much higher net income after First M&F buy

TUPELO — During the second quarter of 2014, Renasant Corporation saw net income increase 85 percent to $14,853,000, or basic and diluted earnings per share (EPS) of $0.47, compared to $8,019,000, or basic and diluted EPS of $0.32, for the second quarter of 2013. The company’s balance sheet and results of operations as of and […] [...]

MetroCast Mississippi acquired by Ohio-based company

JACKSON — Block Communications Inc. has acquired MetroCast Mississippi, a rural cable system that provides cable television, telephone and Internet services to more than 45,000 residential and business customers in 16 Mississippi counties. Toldeo, Ohio-based BCI also acquired MetroCast operations serving Red Bay, Alabama. BCI says in a statement the deal is expected to close […] [...]

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