Category: Business News
Fitch rates Motorola Solutions’ $750M senior notes
Fitch Ratings has assigned a BBB rating to Motorola Solutions Inc.’s $750 million senior unsecured notes issuance. The rating outlook is stable. Motorola Solutions intends to use a portion of net proceeds from the notes sale to call the company’s $400 million of 5.375% senior notes due Nov. 15, 2012. The remainder of net proceeds [...]
Crosstex Energy to acquire Clearfield Energy for $210M
Crosstex Energy LP announced that it has signed a definitive agreement to acquire privately-held Clearfield Energy Inc. for about $210 million in cash at closing, subject to certain adjustments. Clearfield Energy is a 125-year-old crude oil, condensate and water services company with operations in Ohio, Kentucky and West Virginia. The company currently moves about 30% [...]
MarkWest Energy Partners commences 8 million common units offering
MarkWest Energy Partners LP (NYSE: MWE) announced it is commencing a public offering of 8 million common units. The partnership intends to grant the underwriters a 30-day option to purchase a maximum of 1,200,000 additional common units to cover the underwriters’ sale of additional common units, if any. The partnership intends to use the net [...]
Wireless Generation acquires California-based Intel-Assess
On May 7, Wireless Generation, an education innovator and producer of digital tools for educators nationwide, has acquired San Francisco, California-based Intel-Assess. Terms of the transaction were not disclosed. Intel-Assess helps school districts meet their instructional goals by providing well-researched, rigorous assessment content to drive student achievement. The acquisition will help Wireless Generation significantly increase [...]
Ixia agrees to acquire Anue Systems
Ixia (NASDAQ: XXIA), a global provider of converged IP and wireless network test solutions, announced that it has entered into a definitive agreement to acquire Anue Systems Inc., a developer of Network Visibility solutions. Under the terms of the agreement, Ixia will pay $145 million in cash, subject to certain adjustments including an adjustment based [...]
Occidental Petroleum appoints treasurer
Occidental Petroleum Corp. (NYSE:OXY) announced that it has named Christopher G. Stavros as vice president and treasurer. Stavros has served as Occidental’s vice president, investor relations, since October 2006. In addition to assuming responsibility for the corporation’s treasury function, he will continue to oversee investor relations for the company. Stavros joined Occidental in 2005 as [...]
Cheniere to sell 31,000,000 common stock shares
Cheniere Energy Inc. announced that it has entered into a definitive agreement with institutional investors to sell 31,000,000 shares of its common stock at a negotiated price per share of $15.10. The offering is expected to close and settle on May 10, 2012. The company intends to use the net proceeds from the offering of [...]
First Solar names CEO
First Solar Inc. announced that it has appointed James Hughes as chief executive officer. Hughes succeeds Mike Ahearn, First Solar’s founder and chairman, who has been serving as interim CEO since Oct. 2011. Hughes joined First Solar in March as chief commercial officer. Ahearn will continue in his role as chairman of the board, First [...]
Apache acquires Cordillera Energy Partners III
Apache Corp. announced that it has completed the acquisition of Cordillera Energy Partners III LLC. With additional drilling and acreage acquired since the transaction was announced, Apache paid about $2.5 billion in cash and 6.3 million shares of Apache common stock that were issued to the sellers, including EnCap Investments, other institutional investors and Cordillera [...]
Noobis launches ProFacebook pages for small businesses
Noobis Inc. announced that it has released ProFacebook Pages, a service that allows small business owners to quickly setup an effective professional Facebook Page. “As the Facebook economy grows there are many businesses that need to get set up on the platform,” Noobis President and CEO Jon Brennan said. “There is a sizable market of [...]
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