Home » Tag Archives: mergers and acquisitions (page 3)

Tag Archives: mergers and acquisitions

Baker Donelson strikes another merger deal

JACKSON — In its second major expansion in less than a month, Baker, Donelson, Bearman, Caldwell & Berkowitz, PC has merged with the Orlando law firm of Litchford & Christopher Professional Association. Terms were not disclosed. The merger gives Baker Donelson its first Florida location and, with the firm’s move into Texas in October, marks the second new market the ...

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Merchants & Marine expanding into Alabama

PASCAGOULA — The Federal Deposit Insurance Corp. has approved a Southeast Mississippi bank’s move into Alabama. Merchants & Marine Bank of Pascagoula has bought Heritage First Bank branches in Gulf Shores and Crossville from Heritage First Bancshares Inc. of Rome, Ga. Royce Cumbest, M&M’s chairman, president and CEO, says the acquisitions add assets of about $55 million. M&M Bank has ...

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Commission OKs proposed new owners of Delta casinos

TUNICA — The Mississippi Gaming Commission has approved a structure to allow the seamless transition and uninterrupted operations of the Resorts and Bally’s casinos in Tunica, according to Foundation Gaming Group, LLC. As previously reported, the two Mississippi casinos were part of the ACH, an Atlantic City casino. New Jersey casino regulators approved a plan to keep the struggling casino ...

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MBJ EDITORIAL: Rate increase of 11.35 percent just the beginning in regard to Kemper

It was only a matter of time before Mississippi Power Company started raising the rates on its customers to pay for the $2.88 billion Kemper County coal plant. So, last week MPC filed documents with state regulators — the Public Service Commission — for a requested rate increase of 11.35 percent. The Commission has the ability to deny MPC’s request. ...

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Watkins Ludlam, Jones Walker complete merger

JACKSON — The law firm of Jones, Walker, Waechter, Poitevent, Carrere & Denegre, LLP, has completed the addition of lawyers from Watkins Ludlam Winter & Stennis, PA. The merger became effective effective November 5, 2011. The New Orleans law firm Jones Walker and Jackson-based Watkins Ludlam announced plans to combine firms in August after shareholders of both firms approved the ...

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Bapitst completes acquisition of hospital, clinic

CARTHAGE — Baptist Health Systems has completed the purchase of Leake Memorial Hospital/Extended Care and Clinic facilities. Baptist had been overseeing operation at the facilities since March. Baptist officials anticipate the transition of leadership will be complete sometime in January. Baptist Health Systems, based in Jackson, is the parent company of Baptist Medical Center, The Mississippi Hospital for Restorative Care ...

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Supreme court will hear Kemper Coal Plant arguments

The Mississippi Supreme Court will hear arguments from the Sierra Club challenging the state Public Service Commission’s approval of the project in Kemper County by Mississippi Power Co. Mississippi Power has started construction of the $2.4 billion coal plant. Oral arguments are scheduled for Dec. 14. The suit was filed and heard in Harrison County Chancery Court. Judge Jim Persons ...

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Judge approves C Spire's lawsuit against AT&T/T-Mobile merger

RIDGELAND — A federal judge has ruled that Sprint Nextel Corp. and a regional cellphone company can sue AT&T Inc. over its acquisition of rival T-Mobile USA. AT&T had asked U.S. District Judge Ellen Segal Huvelle to dismiss the case because Sprint and Ridgeland-based C Spire Wireless did not have the right to sue over the deal that would create ...

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Merger with Community Bancorp creates 'new' Cadence

STARKVILLE — Community Bancorp will merge its banking subsidiaries, Superior Bank, N.A. and Cadence Bank, N.A., into one strong regional bank on Nov. 11 to form the new Cadence Bank, N.A. At the same time, Community Bancorp, LLC, will now be known as Cadence Bancorp, LLC. With nearly $4.1 billion in assets, the new bank will employ 1,200 people at ...

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All American completes acquisition of Texas company

MADISON — All American Check Cashing has completed the merger and acquisition of Advance Finance of Dallas, Texas. Terms were not disclosed. This marks the fourth merger and acquisition for All American this year and brings the total of retail stores in Mississippi to over 33. In April of this year All American completed the merger and acquisition of Easy ...

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