by Associated Press Published: March 27,2012
Tags: acquisitions, casinos, condominium, debt, developer, foreclosure, gambling, gaming, mergers, tourism, tourists, visitors
VICKSBURG — Bally Gaming Inc. and the owners of Vicksburg’s Grand Station Casino have agreed to discuss unpaid $3 million debt. Vicksburg City Attorney Lee Thames tells the Vicksburg Post the foreclosure sale of the Grand Station Casino scheduled for yesterday has been postponed indefinitely. The casino was expected to be sold to settle all [...] [...]
SENATOBIA — Chromcraft Revington Inc. has acquired Executive Office Concepts, Compton, Calif., for an undisclosed sum. Executive Office Concepts (EOC) has been in the seating and casegoods business for four decades. EOC was founded by Richard L. Sinclair, who got his start in the furniture industry working his way through college. He has been the [...] [...]
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 [...] [...]
COLUMBUS — Beneke Magnolia Inc. has acquired Sanderson Plumbing Products Inc. (SPPI). Terms were not disclosed. The purchase will ensure SPPI’s Columbus facility will continue to operate and will result in the retention of 400 jobs for area residents, according to the Mississippi Development Authority (MDA). Established as the Findeisen-Kropf Manufacturing Company in Chicago, SPPI has [...] [...]
JACKSON — Trustmark Corporation’s subsidiary, Trustmark National Bank, has completed its previously announced merger with Bay Bank & Trust Co., Panama City, Fla. Gerard R. Host, president and CEO of Trustmark, said, “We are pleased to welcome the customers and associates of Bay Bank to the Trustmark family. Bay Bank, with seven offices and $116.9 [...] [...]
by MBJ Staff Published: March 13,2012
Tags: acquisitions, food, groceries, grocery, grocery store, mergers, publicly traded company, retail, retailer, shareholders
JACKSONVILLE, Fla. — BI-LO, LLC has successfully completed its merger with Winn-Dixie Stores Inc. following approval of the transaction by Winn-Dixie shareholders March 9. All Winn-Dixie stockholders will be eligible to receive $9.50 per share in cash for each share of common stock held, for a total purchase price of $560 million. As a result [...] [...]
by Associated Press Published: March 6,2012
Tags: acquisitions, casinos, Conventions, entertainment, gambling, gaming, hospitality, hotels, lodging, meetings, mergers, Renovations, restaurants, tourism, tourists, visitors
BILOXI — The chairman of the Golden Nugget says his company plans to invest $150 million in renovations when the sale of Isle Casino Biloxi is finalized this summer. Tilman Fertitta tells The Sun Herald every square foot of the casino will be touched. Fertitta said the jobs of the 750 Isle employees are safe [...] [...]
by Associated Press Published: March 5,2012
Tags: acquisitionas, casinos, Conventions, gambling, gaming, hospitality, hotels, lodging, meetings, mergers, restaurants, tourism, tourists, visitors
BILOXI — Isle of Capri Casinos,Inc. has entered into a definitive purchase agreement with Golden Nugget Biloxi Inc., a wholly owned subsidiary of Landry’s Inc., to sell its Isle Casino Hotel in Biloxi. Under the terms of the agreement, Golden Nugget Biloxi has agreed to pay Isle of Capri Casinos approximately $45 million. The transaction [...] [...]
by MBJ Staff Published: March 2,2012
Tags: acquisitions, computers, cybe crime, defense, hardware, Homeland Security, information technology, intelligence, investing, investments, investors, mergers, military, security, shares, software, stock exchange, stocks, trechnology
VICKSBURG — Fusion-Q of Dallas, Texas, has made a tender offer to acquire the shares of Seventh Knight Inc. Under the terms, Fusion-Q has tendered an offer to acquire Seventh Knight with Fusion-Q preferred stock in exchange for the 9,674,403 shares of common stock outstanding stock of Seventh Knight. Thereafter, each Fusion-Q preferred share would [...] [...]
by Associated Press Published: February 20,2012
Tags: acquisitions, automobiloe, Automotive, automotive industry, Cars, manufacturer, manufacturing, mergers, plant, supplier, trucks, vans, vehicles
PONTOTOC — Pontotoc Spring, which makes coiled springs for the automotive aftermarket, as well as metal stampings for automotive, industrial and commercial applications, has been acquired by an Indiana company. Terms of the deal were not disclosed. MW Industries of Logansport, Ind., made the announcement. Pontotoc Spring employs 90 workers. Pontotoc Spring general manager Allen [...] [...]
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