Posts Tagged ‘stock’

Southern Co. shareholders to feel losses from Kemper plant

KEMPER COUNTY — Southern Co. shareholders will absorb $450 million in losses incurred while building a new coal-fired power plant in Mississippi, raising the total write-offs on the construction project to nearly $1 billion, utility officials said today. The utility announced the pre-tax write-off on its massive project in Mississippi’s Kemper County before releasing its […] [...]

The First accounts for merger, net income down nearly 25 percent

HATTIESBURG — The First Bancshares Inc. reports net income available to common stockholders for the three months ended June 30 amounted to $706,000, or $.18 per diluted share, compared to $931,000, or $.30 per diluted share for the same quarter in 2012, a decrease of $225,000 or 24.2 percent. Net income available to common shareholders […] [...]

Shareholders approve Renasant-First M&F merger

TUPELO and KOSCIUSKO — The purchase of First M&F Corp. by fellow Mississippi bank Renasant Corp. is going forward. Shareholders of both banks approved the merger today. Shareholders of First M&F, based in Kosciusko, will own about 20 percent of the merged bank. Tupelo-based Renasant will pay $143 million in stock to First M&F shareholders. […] [...]

Bank prices initial public offering at $24 per share

GULFPORT — First NBC Bank Holding Company, the New Orleans-based holding company for First NBC Bank, has priced its initial public offering of 4,166,667 shares of common stock at a price to the public of $24 per share. The common stock has been approved for listing on the NASDAQ Global Select Market, trading under the […] [...]

Bank raises $20M through private stock placement

HATTIESBURG — The First Bancshares Inc., the parent company of The First, A National Banking Association, has completed a private placement of Series D Nonvoting Convertible Preferred Stock, $1 par value. The First raised $20 million in new capital through a private placement of 1,951,220 shares of its Series D nonvoting convertible preferred stock at […] [...]

Renasant acquiring First M&F in all-stock deal

TUPELO and KOSCIUSKO — Renasant Corporation and First M&F Corporation have signed a definitive merger agreement pursuant to which Renasant Corporation would acquire First M&F Corporation (M&F), a bank holding company headquartered in Kosciusko and the parent of Merchants & Farmers Bank. Upon completion of the transaction, the combined company will have approximately $5.8 billion […] [...]

Cattleman to change plea to guilty in loan fraud case

ABERDEEN — Court records say a man will plead guilty to hiding the sales of cattle and using fake invoices to avoid paying back a federal loan. A filing in U.S. District Court in Aberdeen says Clint Mann intends to change his plea. He pleaded not guilty Aug. 19. Court records say Mann obtained a […] [...]

After two-year-closure, state lake ready for re-stocking

SALTILLO — It may not look ready, but according to state wildlife officials, Lake Lamar Bruce is ready to be stocked with fish — very small bluegill and redear sunfish as well as catfish fingerlings. “Tupelo Fish Hatchery and Mississippi Department of Wildlife, Fisheries and Parks have partnered to raise the fish to put back […] [...]

BancorpSouth, shareholders ask judge to approve settlement

TUPELO — BancorpSouth Inc. and a group of shareholders have asked a federal judge in Tennessee to approve a settlement of a 2010 lawsuit. The Northeast Mississippi Daily Journal reports the proposal was filed recently in U.S. District Court of Middle Tennessee in Nashville after “arm’s-length negotiations” between mediators for both parties. The lawsuit was […] [...]

Sanderson Farms expands, extends stock repurchase program

LAUREL — Sanderson Farms Inc.’s board of directors yesterday expanded and extended to Feb. 16, 2014, its stock repurchase program approved Oct. 22, 2009, to repurchase up to one million shares from time to time at prevailing prices in open market transactions or in negotiated purchases, subject to market conditions, share price and other considerations. […] [...]

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