by Associated Press Published: October 30,2012
Tags: acquisition, approval, bankrupt, bankruptcy, cooperative, electric generation, electricty, light, lighting, merger, Power plant, powerr, purchase, sale, sell, state agency, utility
BATESVILLE and HATTIESBURG — The Mississippi Public Service Commission has approved the $286-million sale of bankrupt LSP Energy to South Mississippi Electric Power Association. Commissioners voted 3-0 yesterday to give Hattiesburg-based SMEPA the right to operate the natural gas-fired power station in Batesville. The order also gives SMEPA the right to acquire any rights of [...] [...]
by Associated Press Published: October 25,2012
Tags: acquisition, bankrupt, bankruptcy, casino, court, debt, entertainment, gamble, gambler, gambling, gaming, hospitality, hotel, lodging, merger, nightlife, purchase, restaurant, sale, sell, tourism, tourist, visitor
Vicksburg — An Oklahoma Indian tribe is moving forward with buying the DiamondJacks casinos in Bossier City, La., and Vicksburg. A bankruptcy auction did not occur after Global Gaming Solutions was the only bidder to qualify. The unit of the Chickasaw Nation of Oklahoma plans to pay $27.5 million in cash and $97.5 million in [...] [...]
by Associated Press Published: October 17,2012
Tags: acquisition, buy, construction, dealer, dealership, expansion, heavy equipment, merger, purchase, retail, sale, sell
RICHLAND — Stribling Equipment, LLC says it has acquired the heavy equipment dealership operations of Warrior of Arkansas Inc. A company news release says the move increases Stribling’s presence to 19 locations in Arkansas, Mississippi, Tennessee and parts of Oklahoma and Texas. This is the company’s first expansion into to Texas and Oklahoma. Terms of [...] [...]
by MBJ Staff Published: October 15,2012
Tags: benefits, earnings, electricity, energy, expectation, forecast, merger, power, publicly traded company, spinoff, tax, utility
NEW ORLEANS — Entergy Corporation expects third quarter 2012 as-reported earnings of approximately $1.88 per share and operational earnings of approximately $1.94 per share, the New Orleans-based utility reports. Results for third quarter 2011 were $3.53 per share on both an as-reported basis and an operational basis, which included significant benefits associated with a settlement [...] [...]
by MBJ Staff Published: October 9,2012
Tags: acquisition, agreement, bank, banker, banking, deadline, finance, finasncial institution, merger, purchase, regulator, regulatory approval, sale, sell
JACKSON — Trustmark Corporation and BancTrust Financial Group Inc. report the definitive agreement dated May 28, 2012, pursuant to which BancTrust would merge into Trustmark, has been amended to accommodate the closing of the merger in early 2013. As such, the latest possible closing date for the merger has been extended from Dec. 31, 2012, [...] [...]
by MBJ Staff Published: October 9,2012
Tags: acquisition, approval, elecvtricity, energy, light, lighting, merger, power, purchase, request, sale, sell, spin-off, state agency, utility
JACKSON — Entergy Mississippi Inc., in conjunction with ITC Holdings Corp. and ITC Midsouth LLC, has filed a request with the Mississippi Public Service Commission to spin off the Mississippi electric transmission business and merge it into a subsidiary of ITC. The Mississippi filing continues the multi-state and federal regulatory process seeking approval for the [...] [...]
by MBJ Staff Published: October 3,2012
Tags: acquisition, bank, banking, check cashing, finance, financial institution, lend, lender, loan, merger, payday loan, title loan
MADISON — All American Check Cashing has completed the acquisition of Cash 4 Checks of Covington, La. Terms were not disclosed. This marks the third merger and acquisition for All American this year. The acquisition of Cash 4 Checks will be in name only — according to All-American there will be no change in the [...] [...]
by Associated Press Published: October 2,2012
Tags: acquisition, buy, casino, convention, entertainment, gamble, gambler, gambling, gaming, hotel, lodging, meeting, merger, nightlife, purchase, restaurant, sale, sell, tourism, tourist, vacation, visitor
BAY ST. LOUIS — Full House Resorts says it has completed its $70 million purchase of Silver Slipper Casino Full House, based in Las Vegas, borrowed the money to buy the Hancock County gambling hall. The new owners were approved last month by the Mississippi Gaming Commission, allowing the deal to close yesterday. Investors led [...] [...]
JACKSON — Weld North Holdings LLC, an investment company based in New York, has acquired a 100 percent interest in JBHM Education Group. The transaction closed in September. Terms of the agreement were not disclosed. Weld North intends to combine JBHM Education Group with recently acquired Editure Professional Development Inc. of New York, creating a [...] [...]
by MBJ Staff Published: September 27,2012
Tags: application, distribution, electric, electricity, energy, federal agency, government regulation, line, merger, power, regulation, regulator, regulatory, spin-off, transmission, utility
NEW ORLEANS — ITC Holdings Corp. and Entergy Corporation have filed a joint application with the Federal Energy Regulatory Commission (FERC) seeking approval for Entergy’s utility operating companies to spin off and merge their electric transmission businesses into a subsidiary of ITC. Upon closing of the transaction, ITC will become one of the largest electric [...] [...]
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