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Tag Archives: merger

BancorpSouth net income for third quarter up

  By Jack Weatherly BancorpSouth Inc. reported net income of $37.8 million, or 40 cents per share for the third quarter, compared with net income of $34.3 million, or 36 cents per share a year earlier. Net operating income was $36.7 million, or 39 cents a share, one cent lower than the consensus reported by Zacks. Net operating income for ...

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C Spire completes acquisition of MegaGate Broadband

RIDGELAND — C Spire says it has completed the acquisition of MegaGate Broadband, a regional provider of phone and Internet services to businesses. Terms were not disclosed. Based in Hattiesburg, MegaGate, founded in 1990, serves most Mississippi business markets as a competitive local exchange telecommunications provider and as an Internet service provider. As part of the merger announced in June, ...

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C Spire completes acquisition of MegaGate Broadband

RIDGELAND — C Spire announced today that it has completed the acquisition of MegaGate Broadband, a regional provider of phone and Internet services to businesses. Based in Hattiesburg, Mississippi, MegaGate, founded in 1990, serves most Mississippi business markets as a competitive local exchange telecommunications provider and as an Internet service provider. As part of the merger announced in June, MegaGate customers ...

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Canadian company purchasing Southern Lumber for nearly $50M

HERMANVILLE — A Canadian company is buying a sawmill in southwest Mississippi for $48.7 million. Canfor Corp. of Vancouver, British Columbia, said yesterday that it would buy Southern Lumber Co. of Hermanville from the Dearman and Sulser families. Southern Lumber makes pine boards, specializing in wide and long lumber, with a yearly capacity of 90 million board feet. Canfor said ...

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Fitch Ratings gives Trustmark a 'stable' outlook

JACKSON — Fitch Ratings has affirmed Trustmark Corp.’s (TRMK) ratings at “BBB+”/”F2”. The rating outlook remains “stable”. Fitch wrote: “TRMK’s ‘BBB+’ ratings reflect its good asset quality and the leading market share in TRMK’s home state of Mississippi and growing market share in other parts of the southeastern U.S. Furthermore, Fitch positively views the company’s risk appetite measured by relatively ...

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