Posts Tagged ‘sale’

Board continues to negotiate with propsective hospital buyers

NATCHEZ — The attorney for Natchez Regional Medical Center’s Board of Trustees said he has been “encouraged” by the response the hospital has received from potential buyers in recent weeks. Though representatives of the county-owned hospital had at one time said they hoped to have a deal closed by the end of fall, trustees attorney […] [...]

Chromcraft Revington sells to Colorado company

SENATOBIA — Sport-Haley Holdings has completed its $3.45 million purchase of furniture maker Chromcraft Revington. The company, which is based in West Lafayette, Ind., has a factory in Senatobia. Apparel maker Sport-Haley of Denver paid $2.7 million, and has promised to pay another $750,000 when Chromcraft’s plant in Delphi, Ind., is sold or mortgaged, or […] [...]

All American buys more stores, enters Alabama market

MADISON — All American Check Cashing has expanded its payday and title loan services into Alabama with the acquisition and purchase of five retail stores. Terms were not disclosed. The retail stores located in Bessemer, Clanton, Millbrook, Prattville and Selma, Ala., will bring the total of All American’s stores to 50. All retail stores acquired […] [...]

Supervisors to hear latest from CEO on sale of hospital

NATCHEZ — The Adams County Board of Supervisors will meet this week with the chief executive officer of the company hired to sell Natchez Regional Medical Center. The board has scheduled on the agenda for its meeting today an appearance by Scott Phillips of Healthcare Management Partners. HMP was hired in June to market NRMC […] [...]

Callon Petroleum selling Gulf asset for $100M

NATCHEZ — W&T Offshore Inc. plans to buy Callon Petroleum Co.’s shares of Gulf of Mexico oil and gas fields for $100 million. Callon announced the sale Thursday. It’s supposed to close by Nov. 30. Houston-based W&T will buy a 15 percent share of the Medusa field, which produces about 1,000 barrels of oil per […] [...]

Renasant sees dip in net income following M&F acquisition

TUPELO — Renasant Corporation saw net income for the third quarter of 2013 of $6.6 million, or basic and diluted earnings per share of $0.24, as compared to $7.0 million, or basic and diluted earnings per share of $0.28, for the third quarter of 2012. On Sept. 1, Renasant completed its merger with First M&F […] [...]

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 […] [...]

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 […] [...]

Mall sale draws prospective buyers; owners asking $6.5M

JACKSON — A dozen potential buyers have expressed interest in Jackson’s Metrocenter mall since it hit the market Sept. 24. That’s according to the building’s broker. Listing price is $6.5 million. David Sewell, Metrocenter manager, tells The Clarion-Ledger day-to-day business at the 500,000-square-foot mall, which is Mississippi’s largest and once was the state’s premier shopping […] [...]

Hospital to look for buyer with ‘stalking horse’ bid

NATCHEZ — Natchez Regional Medical Center will seek a “stalking horse” bid in which a potential buyer makes an initial offer to set the floor for an auction. Hospital officials tell The Natchez Democrat that three health care providers have agreed to participate. “We are hopeful that within a matter of weeks we will have […] [...]

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