Jensen Precast Now Manufacturing Reinforced Concrete Pipe in Sparks, Nevada Facility

Jensen Precast recently installed machinery to manufacture Reinforced Concrete Pipe (RCP) in their Sparks, Nevada facility. The decision to make RCP came in early 2007, after many customers repeatedly asked them to supply it. “RCP is generally used for storm drain applications greater than 15 inches,” Lance Semenko, Senior Vice President of Engineering for Q & D Construction, said. “We specify RCP because it’s stronger... 

Consolidated-Tomoka Land Co. Determines that Proposal from Wintergreen Advisers is Not in Best Interests of Shareholders

Consolidated-Tomoka Land Co. announced today that its Board of Directors has reviewed and rejected a proposal from Wintergreen Advisers, LLC (“Wintergreen”), the Company’s largest shareholder, because it would have provided Wintergreen with undue influence over the Company and was deemed not in the best interests of the Company’s other shareholders. The Company’s Board has detailed its reasoning in the response to Wintergreen... 

Homburg Invest Inc. announces acquisition of 13,127,042 shares by Homburg Group

Mr. Homburg also noted that HII previously announced on 15 October 2008, that it had acquired regulatory approval to launch a normal course issuer bid. HII does not feel that current market prices reflect the underlying value of HII and therefore has acquired regulatory approval to acquire 10% of Class A Shares and up to 5% of Class B Shares. Under the Exchange Rules and Policies, Homburg Invest is entitled to purchase up to a maximum of 47,538 Class... 

Merrill Corporation Earns Top-Tier Position in Am Law 13th Annual Technology Survey

Merrill Corporation, a leading global provider of technology-enabled services for the legal, financial, health care, real estate and other corporate markets, announced that its electronic data discovery (EDD) solution, including consulting, forensics investigation, data acquisition, processing and Merrill’s Lextranet® case management and review tool, earned a top-tier position in the Am Law 13th Annual Technology Survey of Am Law 200 firms. “We’re... 

General Growth Announces Extension of Rights Agreement

General Growth Properties, Inc. (NYSE: GGP ) announced it has extended the expiration date of its Rights Agreement to November 18, 2010. The Rights Agreement was originally adopted with an expiration date of November 18, 2008. In connection with this extension, the purchase price of each right issued under the Rights Agreement was changed from $148 to $105. As a result, the holder of each right is entitled to purchase one-third of one one-thousandth... 

$12.5 Million Letter of Credit From Wal-Mart Foundation to Expedite Construction of Martin Luther King, Jr. National Memorial

The leadership of the Washington, DC Martin Luther King, Jr. National Memorial Project Foundation, Inc. announced today that Wal-Mart Stores, Inc., through the Wal-Mart Foundation has provided a $12.5 million letter of credit which will expedite the beginning of physical construction of the memorial. The Wal-Mart Foundation’s latest effort is in addition to the $1 million donation it made in 2005. The generous support provided by Wal-Mart allows... 

First National Panel Company Completes Retrofit of Lindstrom Manufacturing Facility

First National Panel Company, Inc. (Other OTC:FNPN.PK) – a leading manufacturer of high-performance pre-cast residential and commercial concrete panel wall systems – today announced completion of the first phase of retrofitting its Lindstrom manufacturing facility. The company has resumed production and is now accepting and fulfilling orders. An initial contract for 260 panels, costing over $36,000, allows both fine-tuning and final process... 

Securian’s Web-Based “Encyclopedia” Helps Plan Sponsors Address Fiduciary Duties

Plan sponsors who find the fiduciary duties of their plan administration daunting can find many of their questions answered in an online guide published by Securian Retirement called Fiduciary Focus. “Federal regulations about employers’ and plan sponsors’ fiduciary responsibilities are strict and complicated. Many plan sponsors are understandably nervous when carrying out these duties,” said Rick Ayers, second vice president,... 

SouthWest Water Company Provides Update on Corporate Developments

SouthWest Water Company, a leading provider of water, wastewater and public works services, today said that it has received an extension from the syndicate of lenders for its credit facility with regard to reporting financial results for the 2008 third quarter, and as a result, continues to have full access to the $150 million credit facility for general corporate purposes. On November 10, 2008, the company announced that it would delay the filing... 

Andres Gavinet Appointed CFO of Younan Properties

Younan Properties, Inc., one of the nation’s largest privately-held real estate investment and asset management companies, announced that it has appointed Andres R. Gavinet to the new post of Chief Financial Officer. Mr. Gavinet will leverage his significant real estate experience to support Younan’s growing portfolio of nearly 15.0 million square feet of Class A office space. According to Zaya S. Younan, Chairman and CEO of Younan, “Andres...