| Aug 25, 2010 | 17:00 | Targa Resources Partners LP Completes Asset Acquisition from Targa Resources, Inc. |
| Targa Resources Partners LP ("NGLS" or the "Partnership") (NYSE:NGLS) announced today that it has completed the previously announced acquisition from Targa Resources, Inc. ("Targa") of Targa's 63% interest in the natural gas gathering and processing business located in Southeast New Mexico and West Texas known as the Versado System. Total value of the transaction was approximately $247 million (which reflects certain adjustments to the base purchase price, including an adjustment for cash acquired by the Partnership of $20 million), subject to certain adjustments. Consideration paid by the Partnership to Targa consisted almost entirely of cash funded through borrowings under the Partnership's senior secured revolving credit facility. continued... |
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| Aug 25, 2010 | 14:11 | Bryn Mawr Bank Corporation Reports Successful Computer System Conversion of First Keystone Financial, Inc. Customer Accounts |
| Bryn Mawr Bank Corporation (Nasdaq:BMTC), (the "Corporation"), parent of The Bryn Mawr Trust Company (the "Bank"), today announced that it has successfully completed the conversion of First Keystone Financial, Inc. customer accounts to Bryn Mawr Trust's computer systems. continued... |
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| Aug 25, 2010 | 10:34 | Rhino Human Resources Completes Name Change, Reverse Split and Acquires National Staffing Company With Experienced Board of Directors |
| Rhino Human Resources, Inc. (Pink Sheets:IFHRD), formerly INFE Human Resources, Inc., announced today that it's much anticipated name change and reverse stock split has been approved by FINRA with an effective date of August 25, 2010. The company is also pleased to announce the acquisition of a national staffing firm, Lone Staffing, Inc., through a Share Exchange Agreement which brings a slate of new management through an experienced board of directors. The new Board consists of CEO Robert Anderson, Treasurer Timothy Schmidt, Secretary & VP Rachel Collins, and Chairman of the Board of Directors Raymond Barton. All four bring a wealth of experience and hold executive director positions at NorthStar Global Business Services, Inc. (Pink Sheets:MDIND) as well. One of the first tasks the new team is tackling is providing disclosure of current and past corporate information to both the shareholders and the public, including the preparation and filing of company financials. continued... |
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| Aug 25, 2010 | 10:30 | SouthernSun Asset Management Acquires Controlling Interest From Outside Shareholders |
| SouthernSun Asset Management, a research-driven investment management firm implementing Small Cap, SMID Cap, and Global Equity investment strategies, today announced that it has acquired the interests of several outside shareholders to become majority employee-owned. Rosemont Investment Partners, a private equity boutique focused exclusively on making investments in asset management companies, provided capital for the transaction. continued... |
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| Aug 25, 2010 | 07:30 | Converted Organics Inc. Urges Shareholders to Vote on Proposed Acquisition of TerraSphere Systems Ahead of August 31st Meeting |
 | Converted Organics Inc. (Nasdaq:COIN) today announced that industry-leading proxy advisory firms have issued reports recommending that Converted Organics' Shareholders vote in favor of the TerraSphere Systems, LCC proposal found in the Special Meeting Proxy materials. continued... |
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| Aug 25, 2010 | 07:00 | Layne Christensen Company Acquires Interest in South American Geotechnical Companies |
 | Layne Christensen Company ("Layne") (Nasdaq:LAYN) today announced the acquisition of a 50% interest in Diberil Sociedad Anonima, a Uruguayan company and parent company to Costa Fortuna (Brazil and Uruguay). Costa Fortuna, with operations in Sao Paulo, Brazil and Montevideo, Uruguay, is one of the largest providers of specialty foundation and specialized marine geotechnical services in South America. Layne has mineral exploration operations already in Brazil and sees the expansion of its geotechnical construction business into this market as a very strategic opportunity. Costa Fortuna, with 250 employees, produced approximately $25 million in revenue and $4.5 million in earnings before interest, income taxes, depreciation and amortization for the year ended December 31, 2009. Layne's investment for its 50% interest included the purchase of shares from individuals for $10.1 million and the purchase of shares directly from Diberil for $4.8 million resulting in, net of Layne's interest in Diberil, an economic investment of $12.5 million. Subsequent to the acquisition, both shareholders contributed $1.25 million in cash for working capital. In addition, and as part of this transaction, Diberil purchased from Layne 100% of the stock of Layne GeoBrazil for $4.8 million. Layne will record activity from its investment in Diberil as equity in earnings of affiliates. continued... |
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| Aug 23, 2010 | 17:15 | Nalco Acquisition Boosts Enhanced Oil Recovery Capabilities |
 | Nalco (NYSE:NLC), providing essential expertise for water, energy and air, today announced the acquisition of substantially all of the businesses and assets of Fabrication Technologies, Inc. based in Casper, Wyo. Renamed Nalco Fab-Tech LLC, the company employs 60 people and designs, fabricates and installs complex injection and fluid treatment facilities. Nalco Fab-Tech backs the purpose-built equipment with on-site commissioning, start-up and operator training services. continued... |
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| Aug 23, 2010 | 13:02 | Harvard Bioscience, Inc. Acquires Coulbourn Instruments -- a Leading Manufacturer of Systems Used in the Behavioral Research Market |
 | Harvard Bioscience, Inc. (Nasdaq:HBIO), a global developer, manufacturer, and marketer of a broad range of tools to advance life science research and regenerative medicine, today announced that it has acquired the business of Coulbourn Instruments through a purchase of substantially all of Coulbourn's assets. continued... |
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| Aug 23, 2010 | 09:45 | O2 Secure Wireless, Inc. Enters Into Agreement to Acquire Fifty Percent of a Well Established Financial Institution in the Dominican Republic |
| O2 Secure Wireless, Inc. (Pink Sheets:OTOW) announces that the Company's subsidiary, Earthcom Service Inc. has signed an agreement to acquire 50% equity interest in a 30-year-old Dominican Republic Financial Institution, and is scheduled to close early September 2010. continued... |
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| Aug 23, 2010 | 09:38 | Zevotek Looks to Acquire and Sell Innovative New Consumer Products |
| Zevotek, Inc., (OTCBB:ZVTK) (Frankfurt:T5V1), a worldwide direct marketer and distributor of consumer products, today announced the Company plans to acquire and sell new innovative personal and home care items. Zevotek currently sells Ionic Bulbs, a product they launched less than a year ago with a promotional campaign that is being fueled by a combination of American TV advertising, a series of product spokesperson appearances in the U.S. on local TV and national radio shows, and positive press coverage in major magazines, newspapers and influential web publications. The Company has garnered international recognition for Zevotek Ionic Bulbs and interest from major chain store retailers. continued... |
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| Aug 23, 2010 | 08:15 | TTI Telecom Acquired By TEOCO |
| TTI Team Telecom International Ltd. (Nasdaq:TTIL), a global supplier of Operations Support Systems (OSS) to communications service providers, announced today that it has completed its previously announced sale pursuant to the Agreement and Plan of Merger, dated as of June 8, 2010, by and among TEOCO Corporation, a Delaware corporation ("TEOCO"), TEOCO Israel Ltd., an Israeli company and a wholly owned subsidiary of TEOCO ("Merger Sub"), and TTI Telecom, under which TTI Telecom has been acquired by TEOCO through a merger of Merger Sub with and into TTI Telecom. continued... |
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| Aug 23, 2010 | 07:01 | TradeStation Acquires Leading Portfolio Strategy Testing Technology |
 | TradeStation today announced its acquisition of the Portfolio Maestro "Portfolio Testing" software technology from Rina Technologies, LLC, an Ohio-based portfolio trading software company. The products acquired include all versions of Portfolio Maestro, together with many of Rina's legacy portfolio testing, reporting and analysis products. Portfolio Maestro will be seamlessly integrated with TradeStation's award-winning, industry-leading, trading strategy design, back-testing and automation platform. continued... |
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| Aug 23, 2010 | 07:00 | ChinaCast Education Corporation Announces Closing of Acquisition of Hubei Industrial University Business College |
| ChinaCast Education Corporation ("ChinaCast" or the "Company") (Nasdaq:CAST), a leading for-profit, post-secondary education and e-learning services provider in China, today announced the closing of its acquisition of Hubei Industrial University Business College ("HIUBC"), a private, accredited university located in Wuhan, China. continued... |
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| Aug 20, 2010 | 22:53 | Oncolin Announces Name Change to Bering Exploration, Inc. and Enters LOI to Acquire an Interest in a Potential 5,000,000 Barrel and 46Bcf Field |
| Oncolin (OTCBB:OCOL) announces that its board and majority shareholders have approved a name change to Bering Exploration, Inc. and the company intends to effect the name change within the next 45 days. Bering has also entered into an LOI for the acquisition of an interest in a field located in South Chambers County, Texas that has potential reserves of 5,000,000 barrels of oil and 46Bcf of gas. If acquired, Bering's will own a 5% carried interest. continued... |
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| Aug 20, 2010 | 14:50 | Sport Endurance Signs Letter of Intent to Acquire S&T Distributors, With Annual Revenues in Excess of $2,000,000 |
| Pursuant to the 8K filing by Sport Endurance, Inc. (OTCBB:SENZ), the Company announced today that it has entered into a letter of intent to acquire S&T Distributors, a Company currently generating in excess of $2,000,000 in annual revenues, with NOI of approximately 30% from its primary business of distributing food and beverage products throughout the Southwest. continued... |
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