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Tag Archives: mergers

Casino's foreclosure sale postponed; Bally agrees to discuss unpaid debt

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 or part of an unpaid ...

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Chromcraft Revington acquires California-based business

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 president and CEO and active ...

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Prospect Capital buying First Tower for $266M

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 part of the deal. That ...

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Beneke Magnolia purchases Sanderson Plumbing

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 been manufacturing toilet seats since ...

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Trustmark completes acquisition of Florida bank

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 million in loans and $206.6 ...

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BI-LO completes acquisition of Winn-Dixie stores

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 of the merger, BI-LO and ...

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Isle of Capri selling Coast casino for $45M to Golden Nugget

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 is subject to regulatory approval ...

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Dallas company looking to purchase Seventh Knight via stock swap

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 be convertible into one share ...

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Indiana company purchases Pontotoc Spring; terms not disclosed

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 Roye says the acquisition would ...

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