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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Macquarie Group Limited Acquires Shares in Franchise Services of North America Inc. Pursuant to Merger

Category : Stocks, World News

NEW YORK, NEW YORK–(Marketwired – May 3, 2013) - Macquarie Group Limited (the “Offeror”) has acquired, through its wholly-owned subsidiary Boketo LLC (“Boketo”), 62,212,600 shares of Series A Preferred Stock (the “Preferred Shares”) of Franchise Services of North America Inc. (“FSNA”), and certain rights to acquire additional Preferred Shares upon the exercise of outstanding options convertible into FSNA common shares (“FSNA Shares”), pursuant to an agreement and plan of merger dated as of July 13, 2012 among Adreca Holdings Corp. (“Adreca”), Boketo, FSNA, and Advantage Company Holdings, Inc. (“Advantage Holdings”), as amended (the “Merger Agreement”).

Read the original here: Macquarie Group Limited Acquires Shares in Franchise Services of North America Inc. Pursuant to Merger

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China approves Glencore Xstrata deal

Category : World News

China approves the merger of commodities trader Glencore and mining group Xstrata, clearing the final big hurdle in completion of the deal.

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Gale Force Petroleum Inc. (GFPMF: OTCQX International) | GALE FORCE CONCLUDES OKLAHOMA PROPERTY SALE, PROVIDES STRATEGY UPDATE

Category : World News

Gale Force Petroleum Inc. (TSXV: GFP) (OTCQX: GFPMF) (the “Company” or “Gale Force”) today announced that it has concluded the sale of its Oklahoma Properties for $650,000, as part of a total $6.5 million property sales transaction, previously announced on March 15, 2013.

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VIDEO: Merger of book giants gets green light

Category : Business, World News

The book industry’s biggest ever merger cleared its final hurdle on Friday when EU competition authorities approved a deal to bring together Penguin and Random House.

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New Xstrata-Glencore merger delay

Category : Business, World News

Xstrata and Glencore once again push back the date for when they expect to complete their merger, after Chinese concerns.

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Aldila, Inc. (ALDA: OTCQX U.S. Premier) | ALDILA Closes Merger Agreement with Mitsubishi Rayon America

Category : World News

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ALDILA Closes Merger Agreement with Mitsubishi Rayon America

PR Newswire

POWAY, Calif., March 28, 2013

POWAY, Calif., March 28, 2013 /PRNewswire/ — ALDILA, INC. (formerly OTCQX:ALDA) announced today that Aldila has closed the merger (the “Merger”) as contemplated by the merger agreement (the “Merger Agreement”) with Mitsubishi Rayon America, Inc. (“MRA”). The official effective time of the merger will be April 1, 2013.

Shareholders, upon delivery of their shares and a transmittal letter to the paying agent pursuant to the terms of the Merger Agreement, will receive cash consideration of $4.00 per share. Trading in Aldila’s shares on OTCQX was terminated at the close of trading on March 28, 2013.

Aldila, which merged with a wholly-owned subsidiary of MRA, will continue as the surviving corporation and has become a wholly-owned subsidiary of MRA. MRA is a wholly-owned subsidiary of Mitsubishi Rayon Co., Ltd. (“MRC”) and part of the Mitsubishi Chemical Holdings Corporation group.

Aldila’s Board of Directors (“Board”) unanimously approved the Merger, which was also approved by Aldila’s stockholders. Joining with MRC will better enable Aldila to capitalize on Aldila’s business opportunities offered by the growing demand for carbon fiber based materials in a number of industries. The sale will allow Aldila to leverage MRC’s resources to more effectively take advantage of the business opportunities open to Aldila.

“Aldila has joined a world class Advanced Composite Materials company that is fully integrated from the base raw material acrylonitrile, precursor, carbon fiber and prepreg materials. MRC also offers a leading global graphite golf shaft product line-up under the Mitsubishi Rayon brand. We see unique synergies and opportunities for growing our two business segments of Composite Products and Composite Materials by joining with Mitsubishi Rayon,” said Peter Mathewson, Aldila’s CEO.

About Aldila

Aldila, Inc. is one of the world’s largest manufacturers of carbon fiber shafts. Aldila, Inc. is a designer, manufacturer and marketer of carbon-based composite products and materials used in various end markets. Aldila’s competencies are the development of carbon-based composites and the implementation of manufacturing processes that support the commercialization of these composites. Aldila is a vertically-integrated supplier of composites across three primary end markets: carbon-based pre-impregnated composite fibers, graphite golf shafts and archery products.

You may find additional information about Aldila’s business, financial results and operations through the closing date of the Merger agreement in Aldila’s annual report and quarterly reports, on Aldila’s website at www.aldila.com and on the OTCQX.com website. Aldila’s annual report to stockholders for the fiscal year ended December 31, 2011, and quarterly reports through the quarter ended September 30, 2012, have been filed with the OTCQX and are available on Aldila’s website and on the OTCQX.com website. Aldila’s shares ceased trading on OTCQX on March 28, 2013, and Aldila will not be providing independent financial information after that date.

About MRA

Mitsubishi Rayon America Inc. is a wholly owned subsidiary of Mitsubishi Rayon Co., Ltd. MRA’s business is centered around MMA (methyl methacrylate) and AN (acrylonitrile) business complexes as basic raw materials and finished products. For more information, visit http://www.mrany.com.

About MRC

Mitsubishi Rayon Co., Ltd. is a wholly owned subsidiary of Mitsubishi Chemical Holdings Corporation. MRC’s business is centered around chemical and plastics, fibers, carbon fibers and composite materials, and aqua businesses. For more information, visit http://www.mrc.co.jp

This press release contains forward-looking statements based on Aldila’s expectations as of the date of this press release. These statements necessarily reflect assumptions that Aldila makes in evaluating its expectations as to the future. Forward-looking statements are necessarily subject to risks and uncertainties, including those relating to the closing of the proposed merger. Aldila’s actual future performance and results could differ from that contained in or suggested by these forward-looking statements as a result of a variety of factors. Aldila’s filings with the Securities and Exchange Commission (for filings prior to its move to OTCQX U.S. Premier) and OTC Disclosure and News Service present a detailed discussion of the principal risks and uncertainties related to Aldila’s future operations. In particular the Annual Report for the year ended December 31, 2011, and Quarterly Reports and Current Reports, discuss Aldila’s business, financial condition, and risk factors. All of these materials may be obtained on the OTCQX U.S. Premier website, which can be found at www. OTCQX.com, or at Aldila’s website, www.aldila.com.

SOURCE ALDILA, INC.

More: Aldila, Inc. (ALDA: OTCQX U.S. Premier) | ALDILA Closes Merger Agreement with Mitsubishi Rayon America

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US airlines merger gets approval

Category : Business

The merger of American Airlines and US Airways is approved by a US bankruptcy judge, moving the two firms closer to forming the world’s largest carrier.

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Merger Shows Growing Global Demand for Self Storage, Says Flexistore

Category : Stocks, World News

Flexistore comments on the recent merger of two leading self storage companies and explains how it proves the growing demand for self storage.

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EpiCept Corp. (EPCT: OTC Link) | EPICEPT REPORTS FOURTH QUARTER AND FULL YEAR 2012 OPERATING AND FINANCIAL RESULTS

Category : Stocks, World News

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Dow and S&P close at new 5-year highs

Category : Business

U.S. stocks moved higher Tuesday as investors grew hopeful about a potential merger between OfficeMax and Office Depot.

More: Dow and S&P close at new 5-year highs

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