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Tag Archives: purchase

Hard Rock Casino sells to Rhode Island company for $250M

BILOXI — A company from Rhode Island is buying the Hard Rock Hotel & Casino Biloxi for about $250 million. Twin River Worldwide Holdings of Lincoln, R.I., made the announcement yesterday. The sale is expected to be complete in June. The casino is currently owned by Premier Entertainment Biloxi LLC, a subsidiary of Leucadia National Corporation. The casino property boasts ...

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Board continues to negotiate with propsective hospital buyers

NATCHEZ — The attorney for Natchez Regional Medical Center’s Board of Trustees said he has been “encouraged” by the response the hospital has received from potential buyers in recent weeks. Though representatives of the county-owned hospital had at one time said they hoped to have a deal closed by the end of fall, trustees attorney Walter Brown said negotiations with ...

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County buys land in industrial park with RDA loan

COLUMBUS — Lowndes County will spend $5.5 million on three tracts of land at the GTR Global Industrial Aerospace Park. County administrator Ralph Billingsley tells The Commercial Dispatch that the county is using money borrowed from the Rural Development Authority in 2011. Billingsley says the county initially borrowed $13 million from the RDA to finance land purchases and infrastructural development ...

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Chromcraft Revington sells to Colorado company

SENATOBIA — Sport-Haley Holdings has completed its $3.45 million purchase of furniture maker Chromcraft Revington. The company, which is based in West Lafayette, Ind., has a factory in Senatobia. Apparel maker Sport-Haley of Denver paid $2.7 million, and has promised to pay another $750,000 when Chromcraft’s plant in Delphi, Ind., is sold or mortgaged, or 180 days after the merger ...

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All American buys more stores, enters Alabama market

MADISON — All American Check Cashing has expanded its payday and title loan services into Alabama with the acquisition and purchase of five retail stores. Terms were not disclosed. The retail stores located in Bessemer, Clanton, Millbrook, Prattville and Selma, Ala., will bring the total of All American’s stores to 50. All retail stores acquired in the acquisition will offer ...

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Renasant sees dip in net income following M&F acquisition

TUPELO — Renasant Corporation saw net income for the third quarter of 2013 of $6.6 million, or basic and diluted earnings per share of $0.24, as compared to $7.0 million, or basic and diluted earnings per share of $0.28, for the third quarter of 2012. On Sept. 1, Renasant completed its merger with First M&F Corporation. Renasant’s 2013 third quarter ...

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Molpus Woodlands agrees to buy timberland in Alabama

JACKSON — The timberland investment management firm Molpus Woodlands Group, LLC has, on behalf of a client, entered into an agreement to purchase approximately 73,000 acres of timberland located north, east and west of Birmingham, Ala. The close of the purchase is set to occur in installments starting in October 2013. Terms were not disclosed. The timberland, located in 13 ...

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Texas company buying Magnolia Guaranty for $5.23M

RIDGELAND — Citizens Inc.’s wholly owned subsidiary, Security Plan Life Insurance Company, has reached a definitive agreement to acquire Magnolia Guaranty Life Insurance Company of Ridgeland for $5.23 million. Magnolia Guaranty has 409,553 shares of capital stock outstanding.  Since 1992, it has specialized in the sale of final expense and pre-need life insurance policies in Mississippi through its funeral home ...

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Furniture manufacturer being purchased by Denver-based company

SENATOBIA — Furniture maker Chromcraft Revington Inc. is being sold for $3.45 million. The company, which is based in West Lafayette, Ind., and has a factory in Senatobia, has agreed to merge with Denver-based apparel maker Sport-Haley Holdings. Sport-Haley would pay $2.7 million when the deal closes. It would pay another $750,000 when Chromcraft’s plant in Delphi, Ind., is sold ...

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Mall sale draws prospective buyers; owners asking $6.5M

JACKSON — A dozen potential buyers have expressed interest in Jackson’s Metrocenter mall since it hit the market Sept. 24. That’s according to the building’s broker. Listing price is $6.5 million. David Sewell, Metrocenter manager, tells The Clarion-Ledger day-to-day business at the 500,000-square-foot mall, which is Mississippi’s largest and once was the state’s premier shopping center, will not be interrupted. ...

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