Posts Tagged ‘mergers and acquisitions’
TUPELO — Renasant Corporation’s wholly-owned subsidiary, Renasant Bank, has acquired the banking operations of Crescent Bank and Trust of Jasper, Ga. in a Federal Deposit Insurance Corporation- (FDIC) assisted transaction.
Under the terms of the transaction, Renasant Bank acquired approximately $1 billion in assets, including approximately $600 million of loans and other real estate and [...] [...]
NEW YORK — BP PLC is moving quickly to secure the money it needs to pay for the spill in the Gulf of Mexico.
Just weeks after promising to raise $10 billion by selling assets, the British oil company said yesterday it will sell properties in the U.S., Canada and Egypt to Apache Corp. for $7 [...] [...]
PASCAGOULA — Colle Towing, which was founded in 1878 in Pascagoula, has changed ownership and is now Colle Maritime, a division of Signet Maritime Corporation, headquartered in Houston, Texas.
The change was announced this week at the Port of Pascagoula Board meeting where John Colle Jr., president of Colle Towing, was honored.
Colle, who will retire, will [...] [...]
MOSS POINT — BAE Systems has completed its acquisition of Atlantic Marine Holding Company after receiving all necessary U.S. regulatory approvals.
On May 18, the company announced its definitive agreement to acquire Atlantic Marine from JFL-AMH Partners, LLC, a portfolio company of the private-equity firm J.F. Lehman & Company, for a cash consideration of $352 million.
The [...] [...]
CHICAGO — Insurance broker Aon Corp. said today it agreed to buy human resources company Hewitt Associates for $4.9 billion in cash and stock to expand its consulting operations.
The insurance broker will pay $50 per Hewitt share. That is a 41 percent premium from Hewitt’s closing price Friday of $35.40.
Aon, based in Chicago, plans to [...] [...]
RIDGELAND — CPA firm Cooper Graci & Co. of Austin, Texas, has merged with Carr, Riggs & Ingram, LLC (CRI). Terms were not disclosed.
Cooper Graci’s two locations in Austin and Georgetown will now operate under the name of Carr, Riggs & Ingram, and its existing team joins CRI’s 550 partners and staff serving more than [...] [...]
SILOAM SPRINGS, Ark. — Allens Inc., the largest privately held vegetable company in the U.S., announced upcoming expansions in Van Buren, Ark., and Oakfield, N.Y., and a new plant acquisition in Ft. Worth, Texas.
The Texas acquisition provides a platform to continue to aggressively grow canned business in Texas, the Southwest and West. The Arkansas expansion [...] [...]
NEW ALBANY — Officials from Worthington Cylinders, a Worthington Industries company and a global supplier of pressure tanks and pressure cylinders, is expanding operations at its facility in New Albany.
The expansion represents a company investment of more than $11 million and will create 80 new jobs over the next five years; 30 of those jobs [...] [...]
ST. LOUIS, Mo. — Isle of Capri Casinos Inc. has commenced an offering of nine million shares of its common stock in an underwritten public offering.
The company intends to grant the underwriters of the offering an option for 30 days to purchase up to 1.35 million additional shares of common stock to cover over-allotments, if [...] [...]
JACKSON — Aquaterra, LLC, has officially changed its name to Terracon Consultants Inc. after joining the firm in 2009.
Aquaterra will continue to provide geotechnical, environmental, construction materials engineering and testing and solid waste consulting services.
With roots back to 1961, Aquaterra is an employee-owned earth sciences and engineering company providing innovative and constructive solutions to [...] [...]
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