Archive for June, 2007

Kayne Anderson MLP Investment Company Completes $185 Million Offering of Series F Auction Rate Senior Notes

Thursday, June 28th, 2007

Kayne Anderson MLP Investment Company (the “Company”) has announced the successful completion of its $185 million offering of Series F Auction Rate Senior Notes (“Series F Senior Notes”). The Series F Senior Notes are rated ‘Aaa’ and ‘AAA’ by Moody’s Investors Service, Inc. and Fitch Ratings, respectively. The initial interest rate on the Series F [...]

Trans Energy Secures $18 Million Secured Revolving Credit Facility from CIT Begins 2007 Drilling Program

Sunday, June 24th, 2007

Trans Energy, Inc. (OTC Pink Sheets: TENGE.OB) announced today that it has closed a financing agreement with CIT Energy, a unit of CIT Group Inc.
James K. Abcouwer, President and CEO of Trans Energy said, “We have been working to put the best possible financing structure for the company in place and believe we have done [...]

CIT and Care Investment Trust Inc. Announce Pricing of Care’s Initial Public Offering and Commencement of Trading on the New York Stock Exchange (Ticker ‘CRE’)

Sunday, June 24th, 2007

CIT Group Inc. (NYSE: CIT) , a leading global provider of commercial and consumer finance solutions, and Care Investment Trust Inc. (NYSE: CRE) , a real estate investment and finance company, announced today the pricing of the initial public offering of 15,000,000 shares of Care Investment Trust at $15.00 per common share. Care Investment Trust [...]

Swift & Company Announces Proposed Private Placement of $600 Million of Senior Notes

Sunday, June 24th, 2007

In connection with the previously announced acquisition of Swift Foods Company by J&F Participacoes S.A. (“J&F”), Swift & Company (“Swift”) announced today that J&F I Finance Co. (“Finance Sub”), a subsidiary of J&F, intends to offer, in a private placement, approximately $600 million aggregate principal amount of notes, consisting of $200 million aggregate principal amount [...]

Xinhua Finance Media Completes Acquisition of M-in

Saturday, June 16th, 2007

Xinhua Finance Media (“XFMedia”; Nasdaq: XFML), China’s leading diversified financial and entertainment media company, today announced that it has completed its acquisition of a 100% interest in Beijing Mobile Interactive Co., Ltd (“M-in”). The acquisition is intended to enable XFMedia to rapidly integrate mobile service capabilities with its existing range of popular media assets and [...]

Chicago Mercantile Exchange Holdings Inc. and CBOT Holdings, Inc. to Begin Mailing Joint Proxy Statement/Prospectus for Vote on Proposed Merger

Thursday, June 7th, 2007

Chicago Mercantile Exchange Holdings Inc. and CBOT Holdings, Inc. today announced that they will begin mailing the joint proxy statement/prospectus relating to their proposed merger on or about June 8, 2007.
Both companies will hold shareholder meetings on July 9, 2007, to seek approval for the proposed merger and other merger related issues. CME’s Board of [...]

WWA Group Secures New Bank Credit Lines

Tuesday, June 5th, 2007

WWA Group, Inc. (OTCBB: WWAG) today announced that its wholly owned subsidiary, World Wide Auctioneers, Ltd., has secured a new line of credit from its primary banker in Dubai in the amount of approximately $4 million. The credit line consists of working capital and general asset finance facilities, and will be used primarily for the [...]

EV Energy Partners Announces Issuance of $120 Million of Additional Equity Securities

Monday, June 4th, 2007

EV Energy Partners, L.P. (Nasdaq:EVEP) today announced the issuance and sale of $120 million of additional equity securities. EVEP has issued 3,408,696 common units for $117.6 million to a group of institutional investors led by Zimmer Lucas Partners, LLC, co-led by Lehman Brothers MLP Opportunity Fund L.P. and Swank Capital LLC and including Alerian Capital [...]

Palm Announces Strategic Recapitalization With Elevation Partners; World-Class Additions to the Board and Executive Leadership

Monday, June 4th, 2007

Palm, Inc., (Nasdaq:PALM) today announced a strategic relationship with the private-equity firm Elevation Partners (“Elevation”) and a recapitalization plan that will position Palm to lead the next phase of the smartphone and mobile-computing markets. Under the planned recapitalization, shareholders will receive a $9 per share cash distribution. Elevation will invest $325 million in Palm, and [...]

Xinhua Finance Media Acquires Mobile Service Provider in China

Monday, June 4th, 2007

Xinhua Finance Media (”XFMedia”; Nasdaq: XFML), China’s leading diversified financial and entertainment media company, today announced it has signed an agreement to acquire a 100% interest in Beijing Mobile Interactive Co., Ltd (”M-in”). This acquisition is intended to enable XFMedia to rapidly integrate mobile service capabilities with its existing range of popular media assets and [...]




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