Power3 Medical Products, Inc. (PWRM.OB)
Power3 Medical Products, Inc., has signed a definitive agreement to acquire all of the stock of Rozetta-Cell Life Sciences, Inc.
PWRM plans to effectuate the acquisition of Rozetta-Cell by merging Rozetta-Cell with and into PWRM, with PWRM remaining as the surviving company in the merger. The acquisition of Rozetta-Cell is expected to be completed in October or November 2010.
Power3 Medical Products, Inc., a bio-technology company, engages in the development and marketing of diagnostic tests in the fields of cancer, and neurodegenerative and neuromuscular diseases in the United States. The company was formerly known as Surgical Safety Products, Inc. and changed its name to Power3 Medical Products, Inc. in September 2003. Power3 Medical Products, Inc. was founded in 1992 and is based in The Woodlands, Texas.
PWRM pursues an aggressive intellectual property strategy to protect its inventions and discoveries made on its own and with its collaborators. Power3 Medical works with key physician scientists at major medical research and treatment centers. With access to decisive human clinical samples and superior trade secret proteomic methodologies, the Company provides solutions to pressing challenges in diagnosis and treatment of patients and has concluded research agreements, technology license agreements, and filed provisional and utility patents. Power3 is also adding additional layers of research and license agreements, patent filings, and trade secrets, as its technology and product portfolio develops.
To learn more about PWRM visit: http://www.Power3Medical.com
Cadence Financial Corporation (NASDAQ:CADE), the parent company of Cadence Bank, N.A., a bank holding company whose principal subsidiary is Cadence Bank, N.A., recently announced that it has agreed to be acquired by Community Bancorp LLC (“CBC”), a Delaware limited liability company formed to invest in community banks. CBC has agreed to acquire Cadence through the merger of a newly formed subsidiary of CBC with and into Cadence, with Cadence as the surviving corporation. Cadence also announced that it has terminated its previously announced agreement with Trustmark Corporation (NASDAQ:TRMK).
Under the agreement, Cadence shareholders will receive $2.50 in cash per Cadence common share. CBC has offered to purchase the $44.0 million of Cadence preferred stock and the associated warrant issued to the U.S. Department of the Treasury ("Treasury") under the Capital Purchase Program ("CPP") for $38 million in cash.
Cadence Financial Corporation operates as a bank holding company for the Cadence Bank, N.A., which provides various banking and financial products and services. The company's deposit products include noninterest bearing and interest checking accounts, money market accounts, savings accounts, and certificates of deposit.
(NYSE:CAE)(TSX:CAE)-CAE recently announced the sale of four CAE 7000 Series full-flight simulators and related CAE Simfinity™ training devices valued at approximately C$65 million: an Airbus A380 FFS and a Boeing 777-300ER (extended range) FFS to Korean Air, the national flag carrier of the Republic of Korea, as well as an Airbus A330 FFS and a Boeing 737-800 FFS to Air China, the national flag carrier of The People's Republic of China. These contracts bring the total FFS sales that CAE has announced so far during fiscal year 2011 to 13.
"Korean Air and Air China have been valued CAE customers for more than 25 and 15 years respectively. Our longstanding relationships as well as the quality and reliability of our simulation technology have been key to our continued success in the Asian market," said Jeff Roberts, CAE's Group President, Civil Simulation Products, Training and Services. "By listening to our customers' needs and providing them with tailored solutions, we continue to enhance pilot proficiency, safety and operational efficiency."
CAE Inc., together with its subsidiaries, designs, manufactures, and supplies simulation equipment and services, and develops integrated training solutions to the military, commercial airlines, business aircraft operators, and aircraft manufacturers worldwide. The company operates through four segments: Simulation Products/Civil, Simulation Products/Military, Training and Services/Civil, and Training and Services/Military.
On September, 29, 2010, Cagle's, Inc. (AMEX:CGL-A), and its wholly owned subsidiary Cagle's Farms, Inc. entered into Amendment Number 5 to the Third Amended and Restated Revolving Line of Credit and Security Agreement with AgSouth Farm Credit, ACA, an agricultural credit association ("the Lender").
There are four primary changes to the existing Agreement between the parties:
1. The maturity date of the $21,000,000 primary portion of the revolving credit facility ("Facility") is being extended from March 31, 2012 to March 31, 2013.
2. The $4,150,000 supplemental portion of the revolving credit facility ("Facility") is being cancelled at the Company's request and was fully satisfied by the Company.
3. The capital expenditures covenant as defined in Section 10.10 of the Agreement shall increase to $5,500,000 from $4,000,000 for the fiscal year ending on April 2, 2011 and will revert to $4,000,000 thereafter.
4. The release of the Lender's collateral interest in the Company's land, building and equipment comprising the Pine Mountain Valley Plant in Harris County, Georgia.
Cagle's, Inc., together with its subsidiary, Cagle's Farms, Inc., engages in the production, marketing, and distribution of various fresh and frozen poultry products in the southeastern United States. The company's operations consist of breeding, hatching, and growing chickens, as well as feed milling, processing, further processing, and marketing.
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