Most Home Corp. Enters into Letter of Intent With DataVision to Sell Netupdate

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... 

Cavalier Names Tesney President and CEO

Cavalier Homes, Inc. announced that its Board of Directors has appointed Bobby Tesney President and Chief Executive Officer of the Company. In August, Tesney assumed these positions on an interim basis pending the retention of a permanent President and Chief Executive Officer. With this action, the Board has concluded its executive search. Commenting on the announcement, Barry B. Donnell, Chairman of the Board, said, “We are pleased with the... 

Weyerhaeuser Signs a Non-Binding Letter of Intent to Sell Commercial Construction Business To Atlas Holdings

Weyerhaeuser Company signed a non-binding letter of intent to sell its Trus Joist® Commercial division to Greenwich, Connecticut-based Atlas Holdings. The proposed transaction will include four manufacturing plants across the United States (located in Chino, Calif.; Hillsboro, Ore.; Delaware, Ohio and Stayton, Ore.) and 13 sales and engineering offices. About 428 employees concentrated in the Northwest, Southwest and East serve the business. “Our...