Posts Tagged ‘merger’

Texas company buying Magnolia Guaranty for $5.23M

RIDGELAND — Citizens Inc.’s wholly owned subsidiary, Security Plan Life Insurance Company, has reached a definitive agreement to acquire Magnolia Guaranty Life Insurance Company of Ridgeland for $5.23 million. Magnolia Guaranty has 409,553 shares of capital stock outstanding.  Since 1992, it has specialized in the sale of final expense and pre-need life insurance policies in […] [...]

Ag equipment dealer adds Delta Group to network

GREENVILLE — MacDon Industries, a manufacturer of harvesting equipment including draper headers for combines, recently expanded its dealer network in Mississippi with the addition of Delta Group, Mississippi’s leading agricultural equipment dealer. Terms were not disclosed. Delta Group has six locations in Mississippi, including Leland, Yazoo City, Belzoni, Greenwood, Rolling Fork and Cleveland. MacDon draper […] [...]

Furniture manufacturer being purchased by Denver-based company

SENATOBIA — Furniture maker Chromcraft Revington Inc. is being sold for $3.45 million. The company, which is based in West Lafayette, Ind., and has a factory in Senatobia, has agreed to merge with Denver-based apparel maker Sport-Haley Holdings. Sport-Haley would pay $2.7 million when the deal closes. It would pay another $750,000 when Chromcraft’s plant […] [...]

Entergy-ITC merger back on after refiling in Texas

NEW ORLEANS — Entergy Corp. and ITC Holdings Corp. have refiled their merger application in Texas, indicating the companies believe they can go forward without restructuring their overall merger agreement. The companies are pushing for Texas to make a decision by Dec. 19, and say they will ask regulators in other states to restart consideration. […] [...]

Still no new filings in Entergy-ITC merger

JACKSON — Almost a month after Entergy Corp. and ITC Holdings Corp. withdrew their merger application in Texas, they haven’t refiled. Since then, Louisiana, Arkansas and Mississippi have delayed consideration of the merger. “We’re wanting to see where Texas goes on this,” said Eric Skrmetta, chairman of the Louisiana Public Service Commission. Observers say the […] [...]

After 150-plus years, newspaper ceasing publication with merger

SARDIS — After more than 150 years in business, The Southern Reporter will cease publication at the end of September. The Sardis-based newspaper will put out a final edition on Sept. 26 and merge with The Panolian. “This was a difficult decision, we appreciate all of our loyal subscribers and advertisers during the last 15 years,” […] [...]

Renasant-First M&F merger done; new company holds $5.8B in assets

TUPELO and KOSCIUSKO — Renasant Corporation of Tupelo has completed its merger with First M&F Corporation, a bank holding company headquartered in Kosciusko and the parent of Merchants and Farmers Bank. The combined company has approximately $5.8 billion in total assets with 130 banking, mortgage, financial services and insurance offices throughout Mississippi, Tennessee, Alabama and […] [...]

All American buys Check Express for undisclosed sum

MADISON and BROOKHAVEN — All American Check Cashing has completed the acquisition of Check Express of Brookhaven. Terms were not disclosed. This marks the fourth acquisition for All American this year, including the May 2013 acquisition of Cash Cure of Brookhaven. Michael Gray, president of All American Check Cashing, said, “We are still are still […] [...]

Regulators approve Renasant-First M&F merger

TUPELO — Renasant Corporation and First M&F Corporation have received regulatory approval in connection with the proposed merger of First M&F Corporation into Renasant Corporation. Subject to closing conditions contained in the merger agreement, the transaction is expected to be effective as of Sept. 1. On that date, Merchants & Farmers Bank (M&F) will become […] [...]

First M&F slashes quarterly net income by nearly $2M

KOSCIUSKO — First M&F Corp. has revised net income for the quarter ended June 30, 2013 to $222,000 from $2.205 million reported in the July 19 earnings announcement. Earnings per share after preferred stock dividends were revised to a loss of $.03 basic and diluted per share from the previously reported net profit of $.18 […] [...]

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