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Tag Archives: purchase

Home Bancorp completes acquisition of B&K

NATCHEZ — Home Bancorp Inc., the Lafayette, La.-based holding company of the 105-year-old Home Bank, has completed its acquisition of Britton & Koontz Capital Corporation, the holding company of Britton & Koontz Bank, N.A. Shareholders of Britton & Koontz will receive $16.14 per share in cash, resulting in an aggregate deal value of $34.5 million. The combined company has total ...

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Hood buying paper packaging unit from Wisconsin company

MADISON — Bemis Company Inc. of Neenah, Wis., has reached an agreement to sell its Paper Packaging Division to Hood Packaging Corporation, a privately held company headquartered in Madison and Burlington, Ontario. Terms of the agreement were not disclosed. This transaction, which is subject to customary closing conditions and regulatory approval, is expected to close during the first quarter of ...

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Bankrupt Simply Wheelz ceases operations at 30 locations

RIDGELAND — Franchise Services of North America Inc.’s (FSNA’s) wholly owned subsidiary, Simply Wheelz, LLC, which does business as Advantage Rent a Car, has ceased operations at 30 Advantage locations. Advantage has reached an agreement with Dollar Rent A Car whereby Dollar Rent A Car will provide car rental services to those customers who hold active Advantage reservations at all ...

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Officials ask hospital negotiator to take counter-offer

NATCHEZ — County and hospital officials told their negotiator to take a counter-offer to the bidder for Natchez Regional Medical Center. The charge came yesterday after a closed-door meeting between the hospital’s board of trustees, the Adams County Board of Supervisors and Healthcare Management Partners Chief Executive Officer Scott Phillips. Phillips, who the supervisors hired to help sell the hospital, ...

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BancorpSouth buying Texas bank in stock/cash deal

TUPELO — BancorpSouth will acquire Central Community Corp., the parent of Austin-based First State Bank Central Texas, pushing the bank much deeper into the competitive Texas banking market. BancorpSouth said yesterday that it is offering Central Community stockholders shares of its own stock worth $182.3 million, plus $28.5 million in cash. If Central Community shareholders and regulators approve, the deal ...

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Court rules against businessman in tour bus case

TUPELO — The state Court of Appeals has upheld a ruling that Tupelo businessman Bill Kinard was competent when he agreed in 2011 to sell a tour bus at auction. For the past three years, Kinard and Larry Michael of Nashville have disputed debts associated with retrieval of the bus from Washington State in early 2009 and some $134,000 in ...

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Offer made for Natchez Regional Medical Center

NATCHEZ — Officials say an offer has been made for the purchase of the county-owned Natchez Regional Medical Center. Hospital Board chairman the Rev. Leroy White tells The Natchez Democrat the board will be meeting this week to discuss it with Healthcare Management Partners CEO Scott Phillips. HMP was hired last July to help facilitate the sale of the hospital. ...

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Molpus Woodlands buys New York timberland

JACKSON — The Molpus Woodlands Group, LLC, a timberland investment management organization, on behalf of a client has purchased approximately 130,659 acres in New York for approximately $57,500,000. Located in St. Lawrence, Clinton, Franklin and Lewis counties in the north-central part of upstate New York, the property is almost entirely within the boundaries of New York’s Adirondack Park. The property ...

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Illinois company buys Olive Branch shopping center

OLIVE BRANCH — Inland Real Estate Income Trust Inc. of Oak Brook, Ill., has acquired the 159,258-square-foot Wedgewood Commons Shopping Center in Olive Branch for a purchase price of $33.9 million. The property consists of four buildings and an existing structure suitable for the development of an additional 10,838 square feet of leasable space, increasing the center’s retail space to ...

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Ergon buys Bunge North America's interest in joint venture

JACKSON — Ergon Inc.’s wholly owned subsidiary, Ergon Ethanol Inc., has acquired Bunge North America Inc.’s interest in and now owns 100 percent of Ergon BioFuels, LLC located in Vicksburg. Financial terms were not disclosed. Effective Dec. 31, 2013, Bunge-Ergon Vicksburg, LLC changed its name to Ergon BioFuels, LLC. Ergon BioFuels began as a joint venture between Ergon Ethanol, Inc. ...

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