Dril-Quip, Inc. announced today that its Board of Directors has adopted a Stockholder Rights Plan (the “Rights Plan”) designed to protect the Company’s stockholders from coercive or unfair takeover techniques. Terms of the Rights Plan provide for a dividend distribution of one right (a “Right”) for each outstanding share of common stock to holders of record at the close of business on December 5, 2008. The Rights Plan...
Providential Holdings, Inc. a company engaged in mergers and acquisitions, real estate development, mining, and investing in special situations, today announced that the annual general meeting of the corporation for the year 2008 will be changed to January 30, 2009 at 02 o’clock P.M., Pacific Standard Time, at the Company’s principal offices located at 17011 Beach Blvd., Huntington Beach, CA 92647, U.S.A., instead of December 08, 2008...
EMCOR Group, Inc. a Fortune 500® leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses, announced that its Mechanical Services of Central Florida, Inc. (MSI) subsidiary has been awarded a mechanical services contract for Winter Park Memorial Hospital in Winter Park, Florida. MSI will be responsible for the mechanical system upgrades related to increasing the capacity of the...
Vico Software announced today its partnership with Autodesk whereby Vico’s 5D Virtual Construction™ solutions and services will be integrated with Autodesk’s leading technology and solutions for the AEC industry. With the adoption of BIM accelerating, it is advantageous for General Contractors and Owners to have the combination of Vico’s integrated 5D capabilities within the Autodesk solutions environment. According to Clay Freeman,...
Beacon Redevelopment Industrial Corporation has reviewed a summary of its initial consultation regarding its natural gas rights of its Westmoreland property. Beacon, along with its geological consultants, are continuing the evaluation of the company’s resources at that location. The initial review revealed that it appears there may be a more feasible way to install modern gas well operations on the Westmoreland Glass Factory site in Grapeville,...
The PMI Group, Inc. announced today that it will host an Investor Conference on Thursday, December 4, 2008 from 9:00 a.m. to 12:00 p.m. EST at the Hilton New York in New York City. The purpose of the Investor Conference is for PMI executives to communicate the Company’s strategy and operational highlights to its shareholders. If you are unable to attend the conference, a live webcast of PMI’s presentation will be available at its website...
Most Home Corp. announced it has entered into a non-binding letter of intent with DataVision Inc., of Mishawaka, Indiana, to sell all or substantially all of the operating assets of its wholly owned subsidiary, Netupdate Inc., a developer of leading technologies for mortgage lenders. The parties to the letter of intent expect to enter into a definitive agreement, subject to customary due diligence, on or about January 1, 2009. The sale of Netupdate...
YRC Worldwide Inc. announced further plans to reduce debt and improve earnings by commencing a tender offer to purchase its 5% and 3.375% contingent convertible senior notes due 2023 and its 8.5% senior notes due 2010 for up to $100 million in cash. The company had previously drawn on its senior credit facility to fund the purchases. Based on the set offer prices and assuming sufficient participation, the company expects to purchase at least $230...
PRIMEDIA Inc. announced that it has received written notice from the New York Stock Exchange (the “NYSE”) that the Company does not satisfy one of the NYSE’s standards for continued listing applicable to the Company’s common stock. The NYSE noted specifically that the Company was “below criteria” for the NYSE’s continued listing standards because its average total market capitalization was less than $75 million over a 30 trading-day...
AMB Property Corporation®, a leading global developer and owner of industrial real estate, announced it has leased more than 590,000 square feet (54,800 square meters) to a wholly-owned subsidiary of a Fortune 100 company, stabilizing its more than 1.1 million square foot (104,300 square meter) development in the Greater Toronto Area (GTA) West submarket. “The fact that AMB has fully leased a 1.1 million square foot development six months ahead...