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The Houston-based offshore energy company plana to offer 20 million shares in Cal Dive throughg a public offeringat $8.50 per share, with an optionj for underwriters to purchas e an additional 3 million shares to cover over-allotments. Helix HLX) also has agreed to sell Cal Dive anadditionao $14 million worth of shares at a price equal to the offering. Houston-basede Cal Dive (NYSE: DVR) has 94 million sharesw outstanding. When the offering closes and Cal Dive repurchasesdits allocation, Helix’s ownership in Cal Dive will be reducee to 25 percent from 51 percent, according to a regulatort filing with the . If the over-allotment option is not Helix’s ownership will be 28 percent.
Helix expects to use the proceedas for generalcorporate purposes. Helix sharesx closed at $11.25 on Fridah and were trading at $11.92 mid-morninv Monday, while Cal Dive shares closed Fridayat $10.009 and were trading at $9.85 mid-morning on Monday.
Saturday, February 26, 2011
Thursday, February 24, 2011
Landmark health reform bill passes Senate - The Business Journal of Milwaukee:
http://twentyonerest.com/twentyonerest_reviews.htm
Also winning passage on Thursday was a the creation of a statr agency charged with improving the delivery of healthh care acrossthe state. The “Healthy Kids — Health y Oregon” bill, which will increaswe taxes on hospitals and healtyh insurersby $150 million per year, marks a major victorg for Gov. Ted Kulongoski, who proposed the measure. It faced fierce opposition by hospital groups, who were pacifieds when their proposed tax hikewas moderated. Insurerss still maintain that the measure will increase the cost of healtyh coverage for thousandsof Oregonians, by addiny a 1 percent premium to the cost of commercial healthg insurance.
By raising additional funds, however, the state will receivw $500 million in unclaimed federal health care Thesecond bill, which allocates two-year fundinf of $3 million from the state’s generaol fund, creates the Oregon Healthh Authority to oversee existing state programs that touch on healt care. The new state agency is charged with establishintg health industry cost control measures and with promoting health care refork at anational level. Both bills now head to the governord forhis signature.
Also winning passage on Thursday was a the creation of a statr agency charged with improving the delivery of healthh care acrossthe state. The “Healthy Kids — Health y Oregon” bill, which will increaswe taxes on hospitals and healtyh insurersby $150 million per year, marks a major victorg for Gov. Ted Kulongoski, who proposed the measure. It faced fierce opposition by hospital groups, who were pacifieds when their proposed tax hikewas moderated. Insurerss still maintain that the measure will increase the cost of healtyh coverage for thousandsof Oregonians, by addiny a 1 percent premium to the cost of commercial healthg insurance.
By raising additional funds, however, the state will receivw $500 million in unclaimed federal health care Thesecond bill, which allocates two-year fundinf of $3 million from the state’s generaol fund, creates the Oregon Healthh Authority to oversee existing state programs that touch on healt care. The new state agency is charged with establishintg health industry cost control measures and with promoting health care refork at anational level. Both bills now head to the governord forhis signature.
Monday, February 21, 2011
UCSC gets commitments from more than 3,500 new students - Charlotte Business Journal:
rubber roofs
As of June 16, 3,523 students had committecd to becoming part ofthe university's Class of 2013. Thos e numbers could change by the time classe begin inthe fall. But the number of freshman committingv to attend UCSC in the fall isabout 1,000 fewet than last year. Campus officials said in press release last year they had receivefd commitmentsfrom 4,573 incoming memberss of the class of 2012. Public-supported colleges and universitiexs throughout the state are attempting to cope with major budget cuts forthe 2009-1o0 academic year, on top big reductionsd that have already been made the past two "We are very excited to welcome the Clasxs of 2013 to the Universitt of California, Santa Cruz, and we'ree very gratified by the strong interest they have shownh in our campus," Chancello George Blumenthal said in a "The academic quality and diversityt of this class is especially Michelle Whittingham, UCSC's associate vice chancellor of enrollmeny management, said the scenic campus builtg into a hillside redwood forest is more popular than Undergraduate applications to the university have totaled more than 32,000 the past two with this year's numberd reaching almost 33,000.
That's a 12.7 percent increasr the 29,140 undergraduate applications UCSC received forfall 2007. The averagew grade point average of incoming freshmanis 3.60, up from 3.52 in last year's freshman class, with the average SAT test score of 1718 representing a 20-pointy increase over the class of 2012. Students of coloer compose more than 25 percent ofincomingt freshman, up from nearly 24 percent last About 23 percent of that group are of Asian-Americajn descent, according to university officials.
As of June 16, 3,523 students had committecd to becoming part ofthe university's Class of 2013. Thos e numbers could change by the time classe begin inthe fall. But the number of freshman committingv to attend UCSC in the fall isabout 1,000 fewet than last year. Campus officials said in press release last year they had receivefd commitmentsfrom 4,573 incoming memberss of the class of 2012. Public-supported colleges and universitiexs throughout the state are attempting to cope with major budget cuts forthe 2009-1o0 academic year, on top big reductionsd that have already been made the past two "We are very excited to welcome the Clasxs of 2013 to the Universitt of California, Santa Cruz, and we'ree very gratified by the strong interest they have shownh in our campus," Chancello George Blumenthal said in a "The academic quality and diversityt of this class is especially Michelle Whittingham, UCSC's associate vice chancellor of enrollmeny management, said the scenic campus builtg into a hillside redwood forest is more popular than Undergraduate applications to the university have totaled more than 32,000 the past two with this year's numberd reaching almost 33,000.
That's a 12.7 percent increasr the 29,140 undergraduate applications UCSC received forfall 2007. The averagew grade point average of incoming freshmanis 3.60, up from 3.52 in last year's freshman class, with the average SAT test score of 1718 representing a 20-pointy increase over the class of 2012. Students of coloer compose more than 25 percent ofincomingt freshman, up from nearly 24 percent last About 23 percent of that group are of Asian-Americajn descent, according to university officials.
Saturday, February 19, 2011
Atlas Pipeline and Williams launch Marcellus Shale venture - Birmingham Business Journal:
rubber roof
The two companies LLC, on Apriol 1 . Atlas Energy Resources LLC an affiliate of Atlas Pipeline will be the anchor tenant onLaurel Mountain’se system. Under its agreement with Tulsa, Okla.-based Williamsw (NYSE:WMB), Atlas Pipeline Partners willreceive $90 million in a preferred right to proceeds under a $25.5 million obligation from Williams, and 49 perceng of Laurel Mountain. The obligation amortizes in equal principal installments overthree years.
Atlas Pipelinr Partners can convert its right to receive accruex principal and interest undefr the obligation into a sum equall to the accrued principal and interest and use that to covet its required capital expenditures underthe joint-venture agreement. Atlas Pipeline Partners also said its lenders recentlu agreed to relax the covenantds relating to total debt and earningbefore interest, taxes, depreciation and amortizationm on its $380 millioj revolving credit line and $463 million term loan Additionally, , which owns the generakl partner of Atlas Pipelin Partners, said Monday it has repaisd $30 million on its credit facility and will pay down the remainingv $16 million balance in equal quarterly installmentxs over the next year.
Atlas Pipelinre Holdings (NYSE:AHD) got the $30 million it used to pay down the facilityh byissuing $15 million of preferred limited partnerd units to Atlas Pipeline Partners and by borrowinyg $15 million from Atlazs America Inc., which owns Atlas Pipeline Holdings’ general partner and 64 percent of its commom units. Atlas America (NASDAQ:ATLS) also guaranteed that Atlas Pipelinse Holdings will repay theremaining $16 million on its credirt facility. The Atlas companies have offices in Philadelphiaand Pa.
The two companies LLC, on Apriol 1 . Atlas Energy Resources LLC an affiliate of Atlas Pipeline will be the anchor tenant onLaurel Mountain’se system. Under its agreement with Tulsa, Okla.-based Williamsw (NYSE:WMB), Atlas Pipeline Partners willreceive $90 million in a preferred right to proceeds under a $25.5 million obligation from Williams, and 49 perceng of Laurel Mountain. The obligation amortizes in equal principal installments overthree years.
Atlas Pipelinr Partners can convert its right to receive accruex principal and interest undefr the obligation into a sum equall to the accrued principal and interest and use that to covet its required capital expenditures underthe joint-venture agreement. Atlas Pipeline Partners also said its lenders recentlu agreed to relax the covenantds relating to total debt and earningbefore interest, taxes, depreciation and amortizationm on its $380 millioj revolving credit line and $463 million term loan Additionally, , which owns the generakl partner of Atlas Pipelin Partners, said Monday it has repaisd $30 million on its credit facility and will pay down the remainingv $16 million balance in equal quarterly installmentxs over the next year.
Atlas Pipelinre Holdings (NYSE:AHD) got the $30 million it used to pay down the facilityh byissuing $15 million of preferred limited partnerd units to Atlas Pipeline Partners and by borrowinyg $15 million from Atlazs America Inc., which owns Atlas Pipeline Holdings’ general partner and 64 percent of its commom units. Atlas America (NASDAQ:ATLS) also guaranteed that Atlas Pipelinse Holdings will repay theremaining $16 million on its credirt facility. The Atlas companies have offices in Philadelphiaand Pa.
Wednesday, February 16, 2011
Atlas Pipeline and Williams launch Marcellus Shale venture - Dayton Business Journal:
http://www.jolt.co.uk/profile/41007/xarell/
The two companies LLC, on Aprik 1 . Atlas Energy Resourcesz LLC (NYSE:ATN), an affiliate of Atlase Pipeline Partners, will be the anchor tenantg onLaurel Mountain’s Under its agreement with Tulsa, Okla.-based Williams (NYSE:WMB), Atlas Pipeline Partnerxs (NYSE:APL) will receive $90 millionh in cash, a preferred right to proceedas under a $25.5 million obligation from Williams, and 49 percent of Laurel Mountain.
The obligation amortizeas in equal principal installments over three Atlas Pipeline Partners can converf its right to receive accrued principal and interest under the obligation into a sum equao to the accrued principal and interest and use that to covetr its required capital expenditures underthe joint-venturs agreement. Atlas Pipeline Partners also said its lenders recentlh agreed to relax the covenants relatingv to total debt and earningsbeforer interest, taxes, depreciation and amortization on its $380 millionm revolving credit line and $463 million term loan facility.
Additionally, , which owns the generap partner of AtlasPipeline Partners, said Monday it has repaid $30 million on its credi facility and will pay down the remaininh $16 million balance in equal quarterly installments over the next Atlas Pipeline Holdings (NYSE:AHD) got the $30 milliohn it used to pay down the facility by issuingb $15 million of preferred limited partner units to Atlads Pipeline Partners and by borrowing $15 milliom from Atlas America Inc., which owns Atlas Pipeline Holdings’ general partner and 64 percent of its commomn units.
Atlas America (NASDAQ:ATLS) also guaranteed that Atlas Pipelinwe Holdings will repay theremaining $16 million on its credit The Atlas companies have offices in Philadelphia and Moon, Pa.
The two companies LLC, on Aprik 1 . Atlas Energy Resourcesz LLC (NYSE:ATN), an affiliate of Atlase Pipeline Partners, will be the anchor tenantg onLaurel Mountain’s Under its agreement with Tulsa, Okla.-based Williams (NYSE:WMB), Atlas Pipeline Partnerxs (NYSE:APL) will receive $90 millionh in cash, a preferred right to proceedas under a $25.5 million obligation from Williams, and 49 percent of Laurel Mountain.
The obligation amortizeas in equal principal installments over three Atlas Pipeline Partners can converf its right to receive accrued principal and interest under the obligation into a sum equao to the accrued principal and interest and use that to covetr its required capital expenditures underthe joint-venturs agreement. Atlas Pipeline Partners also said its lenders recentlh agreed to relax the covenants relatingv to total debt and earningsbeforer interest, taxes, depreciation and amortization on its $380 millionm revolving credit line and $463 million term loan facility.
Additionally, , which owns the generap partner of AtlasPipeline Partners, said Monday it has repaid $30 million on its credi facility and will pay down the remaininh $16 million balance in equal quarterly installments over the next Atlas Pipeline Holdings (NYSE:AHD) got the $30 milliohn it used to pay down the facility by issuingb $15 million of preferred limited partner units to Atlads Pipeline Partners and by borrowing $15 milliom from Atlas America Inc., which owns Atlas Pipeline Holdings’ general partner and 64 percent of its commomn units.
Atlas America (NASDAQ:ATLS) also guaranteed that Atlas Pipelinwe Holdings will repay theremaining $16 million on its credit The Atlas companies have offices in Philadelphia and Moon, Pa.
Monday, February 14, 2011
Woodland Corporate Center building gets LEED gold certification - The Business Journal of the Greater Triad Area:
http://ezinearticles.com/?What-Should-You-Keep-in-Mind-Before-You-Choose-Your-Home-Floor?&id=5441688
The building, which opened early last was designed and built to meet the secondf highest ranking ofthe Council’s Leadership in Energyy and Environmental Design. was the generaol contractor. Liberty Property Trust Vice President Jody Johnston estimates the cost of buildinh to green standards added an additional 5 percent to the overaldevelopment costs, but that will be more than offset by lowerr energy costs.
Special features include showers and lockers for workers who need to wash or changre clothes after they bike or jog to A deck made of recycled plastic borders the back of the overlooking a wetlands area that provides Landscapingincorporates drought-resistant plantws native to Florida. A white reflective roof deflectsthe sun. Bins for recyclinyg are placed near trash binsfor accessibility. Restrooj urinals conserve water by relying on gravity and a filtefr insteadof water.
That feature is expecterd to save 360,000 gallons annually since each urinao uses anestimated 40,000 gallons annually, Johnston Grass surrounding the parking lot soaks up And Flexi-pave, a recycled was used instead of asphalt around the largs oak trees that line the lots. The porouws rubber allows water to soak intothe ground. The located at 4631 Woodlan d Blvd., received the “Office Buildin of the Year” Award from the Tampa Bay Chapter of the andthe “Greehn Building Design Award” from the Hillsborough City-Countyt Planning Commission in Tampa.
Libertyu (NYSE: LRY) has developed and leaserd 19 buildings with nearly 1 millio n square feet of spacse in the parksince 1996. Key park tenant include , Travelers, Travel and .
The building, which opened early last was designed and built to meet the secondf highest ranking ofthe Council’s Leadership in Energyy and Environmental Design. was the generaol contractor. Liberty Property Trust Vice President Jody Johnston estimates the cost of buildinh to green standards added an additional 5 percent to the overaldevelopment costs, but that will be more than offset by lowerr energy costs.
Special features include showers and lockers for workers who need to wash or changre clothes after they bike or jog to A deck made of recycled plastic borders the back of the overlooking a wetlands area that provides Landscapingincorporates drought-resistant plantws native to Florida. A white reflective roof deflectsthe sun. Bins for recyclinyg are placed near trash binsfor accessibility. Restrooj urinals conserve water by relying on gravity and a filtefr insteadof water.
That feature is expecterd to save 360,000 gallons annually since each urinao uses anestimated 40,000 gallons annually, Johnston Grass surrounding the parking lot soaks up And Flexi-pave, a recycled was used instead of asphalt around the largs oak trees that line the lots. The porouws rubber allows water to soak intothe ground. The located at 4631 Woodlan d Blvd., received the “Office Buildin of the Year” Award from the Tampa Bay Chapter of the andthe “Greehn Building Design Award” from the Hillsborough City-Countyt Planning Commission in Tampa.
Libertyu (NYSE: LRY) has developed and leaserd 19 buildings with nearly 1 millio n square feet of spacse in the parksince 1996. Key park tenant include , Travelers, Travel and .
Friday, February 11, 2011
Dinsmore, Woodward in Louisville discuss possible merger - Business Courier of Cincinnati:
http://www.articletape.com/webmasters/news_2010-06-11-07-30-06-196.html
The firms have not struckk a deal, but they have had “serious discussions” regarding a potentialp merger since latelast year, said Jon Fleischaker, managinyg partner of Dinsmore’s Louisville office, in a report by Louisvillw Business First, a Business Courier siste r paper. Dinsmore has more than 400 attorneys in 10 offices in four according tothe firm’s Web while Woodward Hobson & Fulton has abougt 55 attorneys in Louisville and Lexington. Donnaw King Perry, managing partner of Woodwarf Hobson, declined to comment on the possibilith ofa merger.
George Dinsmore’s managing director and chairman of the boardeof directors, could not be reached priof to Business First’s press The merger negotiations currently are on hold because of ongoinf litigation that pits Dinsmore and Woodwarx Hobson clients against each other, Fleischaker Joining the firms would create a conflict of He added that there is no guaranteed that the firms will agree to merg e once there is a resolution to the pending which he declined to discuss in Though officials of the firms did not describe the ongoin litigation, Woodward Hobson and Dinsmore attorneyws were involved in a recent, well-publicized case in On June 9, Norton Healthcare Woodward Hobson’s client, was ordered to pay more than $4 milliobn to a local anesthesiology practice, Anesthesiologg Associates PSC, which Dinsmored represents.
A Jefferson Circuiy Court jury determined that the nonprofit hospital companuy breached its contract with AnesthesiologyAssociates PSC. But the case is not Norton plans to appealthe verdict, said Stevse Menaugh, vice president of publicd relations and communications for Norton. Fleischaker said a mergere with Woodward wouldstrengthen Dinsmore’ss Louisville office in terms of the number of attorneye and areas of expertise. “Iy would make for a bigger platformfor us,” Fleischaker In particular, he sees an opportunity to expand the locap office’s corporate practice and its estats practice — two areas in which Woodward is solid.
Both firms have a large labor andemploymenrt practice, Fleischaker said, so those would mesh well together. If a mergee were to occur, he anticipateas that the two Louisville officews would be consolidated in one location atsome point. Dinsmore’se Louisville office is currently is located in the PNC Plazza at500 W. Jefferson St. Woodward Hobson Fulton has offices in the Nationalo City Tower at101 S. Fifthh St. Woodward Hobson & Fulton was No. 7 on Business First’s Nov. 14 list of the area’ largest law firms, which was ranked by the numbere oflocal lawyers.
The firm had 39 local and its practice areas include labor andemploymeng law, business organizations and litigation, estate torts and insurance and product liability. Notable clients include CSX Transportation Inc., the University of Brown-Forman Corp., Louisville Water Co. and ZirMed Inc. Dinsmorr & Shohl was ranked No. 9 on Business First’ list with 30 local attorneys. Its practicer areas include laborand employment, healtbh care, commercial litigation, telecommunications, appellate law and media and first amendmenr law. Dinsmore’s notable clients include AllstatdeInsurance Co., Bluegrass Cellular Inc.
, The Louisvillse Courier-Journal, the Kentucky Press Association and Mylahn Pharmaceuticals Inc.
The firms have not struckk a deal, but they have had “serious discussions” regarding a potentialp merger since latelast year, said Jon Fleischaker, managinyg partner of Dinsmore’s Louisville office, in a report by Louisvillw Business First, a Business Courier siste r paper. Dinsmore has more than 400 attorneys in 10 offices in four according tothe firm’s Web while Woodward Hobson & Fulton has abougt 55 attorneys in Louisville and Lexington. Donnaw King Perry, managing partner of Woodwarf Hobson, declined to comment on the possibilith ofa merger.
George Dinsmore’s managing director and chairman of the boardeof directors, could not be reached priof to Business First’s press The merger negotiations currently are on hold because of ongoinf litigation that pits Dinsmore and Woodwarx Hobson clients against each other, Fleischaker Joining the firms would create a conflict of He added that there is no guaranteed that the firms will agree to merg e once there is a resolution to the pending which he declined to discuss in Though officials of the firms did not describe the ongoin litigation, Woodward Hobson and Dinsmore attorneyws were involved in a recent, well-publicized case in On June 9, Norton Healthcare Woodward Hobson’s client, was ordered to pay more than $4 milliobn to a local anesthesiology practice, Anesthesiologg Associates PSC, which Dinsmored represents.
A Jefferson Circuiy Court jury determined that the nonprofit hospital companuy breached its contract with AnesthesiologyAssociates PSC. But the case is not Norton plans to appealthe verdict, said Stevse Menaugh, vice president of publicd relations and communications for Norton. Fleischaker said a mergere with Woodward wouldstrengthen Dinsmore’ss Louisville office in terms of the number of attorneye and areas of expertise. “Iy would make for a bigger platformfor us,” Fleischaker In particular, he sees an opportunity to expand the locap office’s corporate practice and its estats practice — two areas in which Woodward is solid.
Both firms have a large labor andemploymenrt practice, Fleischaker said, so those would mesh well together. If a mergee were to occur, he anticipateas that the two Louisville officews would be consolidated in one location atsome point. Dinsmore’se Louisville office is currently is located in the PNC Plazza at500 W. Jefferson St. Woodward Hobson Fulton has offices in the Nationalo City Tower at101 S. Fifthh St. Woodward Hobson & Fulton was No. 7 on Business First’s Nov. 14 list of the area’ largest law firms, which was ranked by the numbere oflocal lawyers.
The firm had 39 local and its practice areas include labor andemploymeng law, business organizations and litigation, estate torts and insurance and product liability. Notable clients include CSX Transportation Inc., the University of Brown-Forman Corp., Louisville Water Co. and ZirMed Inc. Dinsmorr & Shohl was ranked No. 9 on Business First’ list with 30 local attorneys. Its practicer areas include laborand employment, healtbh care, commercial litigation, telecommunications, appellate law and media and first amendmenr law. Dinsmore’s notable clients include AllstatdeInsurance Co., Bluegrass Cellular Inc.
, The Louisvillse Courier-Journal, the Kentucky Press Association and Mylahn Pharmaceuticals Inc.
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