by MBJ Staff Published: January 25,2012
Tags: bank, banking, cellphones, finance, financial institution, insurance, investing, investments, investors, mobile app, publicly traded company, shares, smartphones, stock, telecommunications
TUPELO — BancorpSouth Inc. has closed an underwritten public offering of 10,952,381 shares of its common stock at a price to the public of $10.50 per share. The gross proceeds from the offering, before expenses, were $109.3 million.
The proceeds from the offering will be used by the financial institution for general corporate purposes, including to [...] [...]
by MBJ Staff Published: January 18,2012
Tags: banking and finance, Banks, financial institutions, investing, investments, investors, public offering, publication, publicly traded company, shares, stocks
TUPELO — BancorpSouth Inc. has commenced an underwritten public offering of $100 million of its common stock.
The company said it intends to grant the underwriters a 30-day option to purchase up to an additional 15 percent of common shares sold pursuant to this transaction.
All of the shares are being offered by the Tupelo-based financial institution.
BancorpSouth [...] [...]
BIRMINGHAM, Ala. — Regions Financial Corp. has entered into a stock purchase agreement to sell Morgan Keegan & Company Inc. and related affiliates to Raymond James Financial Inc., for $930 million.
As part of the transaction, Morgan Keegan will also pay Regions a dividend of $250 million before closing, pending regulatory approval, resulting in total proceeds [...] [...]
JACKSON — An administrative action against Morgan Keegan & Company employees and Morgan Asset Management employees, Brian B. Sullivan, Gary Stringer, and Michele Wood has been resolved with the State of Mississippi, according to the Secretary of State’s Office.
No Mississippi Morgan Keegan brokers were involved in this action.
The order resolving the case is available on [...] [...]
by MBJ Staff Published: November 1,2011
Tags: federal government, fraud, investing, investment scam, investments, investor fruad, investors, scam, scheme, settlement, state government
JACKSON — The U.S. Securities & Exchange Commission and regulators from Tennessee, Alabama, Kentucky, Mississippi and South Carolina have appointed A.B. Data, Ltd. of Milwaukee, Wis., to distribute $200 million to investors from the regulators’ settlements with Morgan Keegan & Company and Morgan Asset Management.
The settlements resulted from an investigation of seven proprietary bond funds [...] [...]
by Associated Press Published: October 7,2011
Tags: athletes, athletics, courts, investing, investments, investors, pleas, professional athletes, professional sports, scam, scheme, sentencing, sports
JACKSON — A former National Football League player and Mississippi businessman has admitted to using investors’ money for a planned resort area in China and to buy himself a luxury van, a boat and other items.
The Clarion-Ledger reports 48-year-old Jeffrey L. Walker, formerly of Madison, pleaded guilty yesterday in U.S. District Court to wire fraud [...] [...]
LAUREL — Sanderson Farms Inc. has filed a Form S-3 shelf Registration Statement with the Securities and Exchange Commission (SEC) to register for possible future sale shares of the company’s common and/or preferred stock at an aggregate offering price not to exceed $1 billion.
The stock may be offered by the poultry company in amounts, at [...] [...]
by MBJ Staff Published: September 30,2011
Tags: forestry, forests, investing, investments, land, mergers and acquisitions, real estate, timber, timberland, trees
JACKSON — The Molpus Woodlands Group, LLC, on behalf of an unnamed client, has successfully purchased approximately 26,500 acres of timberland located in Georgia and Virginia.
The timberland, located in Liberty and Long Counties in Georgia, and Greensville, Sussex and Southhampton Counties in Virginia, consists mainly of southern pine timberland. Molpus currently manages approximately 22,000 acres [...] [...]
JACKSON — The Mississippi Secretary of State’s Office today began its administrative proceeding against Brian B. Sullivan, Gary Stringer and Michelle Wood, employees of Morgan Keegan & Company and Morgan Asset Management.
These individuals are believed to have participated in providing Mississippi investors inaccurate information regarding the bond funds in which Mississippi investors lost millions of [...] [...]
JACKSON — Mississippi has been named the top site for oil and gas investment in the world by Canadian researchers, according to the Governor’s Office.
The Global Petroleum Survey 2011 by the Fraser Institute gave Mississippi high marks for several features, including business and regulatory environments.
The ranking recognized the state’s success in developing new energy projects [...] [...]
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