Posts Tagged ‘investment’

Molpus Woodlands, Boston firm purchase nearly 2M acres in four states

JACKSON — The Hancock Timber Resource Group of Boston and Jackson-based Molpus Woodlands Group have purchased the 1.88 million acre timberland portfolio of Forest Capital Partners, the companies report. Terms of the transaction were not disclosed. Hancock Timber is acquiring 376,000 acres in Louisiana, 573,000 acres in Oregon, 138,000 acres in Idaho and 264,000 acres […] [...]

Chain Electric Co. sold to Texas investor

by Associated Press Published: July 13,2012

Tags: acquisition, electricity, energy, home, investment, investor, merger, power

HATTIESBURG — One of Mississippi’s oldest family owned companies has taken on an investor from outside the state. Bobby L. Chain, chairman of Chain Electric Co., tells the Hattiesburg American his family will remain at the helm of the 57-year-old company based in Hattiesburg. Chain says as a result of the mid-June “recapitalization,” the controlling […] [...]

BancorpSouth, shareholders ask judge to approve settlement

TUPELO — BancorpSouth Inc. and a group of shareholders have asked a federal judge in Tennessee to approve a settlement of a 2010 lawsuit. The Northeast Mississippi Daily Journal reports the proposal was filed recently in U.S. District Court of Middle Tennessee in Nashville after “arm’s-length negotiations” between mediators for both parties. The lawsuit was […] [...]

Stanford faces sentencing for $7B-plus ponzi scheme

by Associated Press Published: June 14,2012

Tags: bilk, investing, investment, investor, ponzi scheme, scam, scheme, sentencing, stealing, theft

HOUSTON, Texas — If federal prosecutors have their way, former jet-setting Texas tycoon R. Allen Stanford could receive a prison sentence that spans two centuries for bilking investors out of more than $7 billion over two decades in one of the largest ponzi schemes in U.S. history. Calling Stanford a “ruthless predator” who stole from […] [...]

Hosemann urging investors to file claim for Morgan Keegan settlement

ACROSS MISSISSIPPI — Eligible investors face a June 16, 2012 deadline to file a claim for a portion of a multi-million dollar settlement with Morgan Keegan. Last June, Secretary of State Delbert Hosemann negotiated a settlement on behalf of investors who invested in certain Morgan Keegan bond funds. “These settlement funds will bring some relief […] [...]

General Atomics breaks ground for plant expansion

SHANNON — General Atomics’ Electromagnetic Systems Group (GA EMS) broke ground today on an expansion to its existing 127,000-square-foot facility in Shannon. The expansion project represents a $12 million corporate investment and will create 25 additional direct jobs over the next three years, according to the Mississippi Development Authority (MDA). From its Shannon location in […] [...]

Barbour: U.S. ports need investment, strategy policy

BILOXI — Former Gov. Haley Barbour, speaking to a regional gathering of Gulf states harbor pilots, called for a “bias for action and a sense of urgency…for increased U.S. investment in waterways infrastructure and a national strategic policy to prepare and equip U.S. ports in the Gulf of Mexico and the Atlantic Seaboard for increased […] [...]

New Jersey investment firm buys industrial building for $16.2M

OLIVE BRANCH — Monmouth Real Estate Investment Corporation of Freehold, N.J., has acquired a 234,660-square-foot industrial building located at 8644 Polk Lane, Olive Branch, at a purchase price of $16.2 million. The property is net-leased for 10 years to Anda Pharmaceuticals Inc., a distribution division of Watson Pharmaceuticals Inc. The building is situated on approximately […] [...]

Prospect Capital buying First Tower for $266M

by Associated Press Published: March 20,2012

Tags: acquisitions, finance, finasncing, investment, investors, loans, mergers

FLOWOOD — Investment firm Prospect Capital Corp. said Tuesday it will pay about $266 million to acquire an 80.1 percent stake in First Tower, a specialty finance company. Prospect Capital said it will pay $110.2 million in cash for the Flowood-based company, and said First Tower shareholders will get 14.5 million shares of Prospect as […] [...]

FCC reforms prompt $53M investment in state by AT&T

ACROSS MISSISSIPPI — AT&T is making a $53 million investment throughout Mississippi as a result of reforms made to the Federal Communications Commission’s (FCC) Universal Service Fund, a vast majority of which will be used to enable broadband expansion. This investment in Mississippi will mean more than 170 new sites in more than 60 wire […] [...]

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