latest news releases from the newsroom
Finkelstein Thompson LLP
Finkelstein Thompson LLP Announces Investigation of Tender Offer for Cox Radio, Inc.
WASHINGTON, April 1, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is currently investigating potential shareholder claims in connection with Cox Media's March 23, 2008 announcement of a cash tender offer for all outstanding shares of Cox Radio, Inc. ("Cox Radio" or the "Company") (NYSE:CXR) common stock. The offer would give $3.80 per share in cash to Cox Radio shareholders or a total payment of approximately $69.1 million. Cox Media already has a 78.4% controlling interest in the Company's Class A common stock. In particular, the investigation centers on potential unfairness of the price and the potentially coercive nature of this tender offer by a controlling shareholder.
Simmons First National Corporation
Simmons First National Corporation Announces First Quarter Earnings Release Date and Conference Call
PINE BLUFF, Ark., April 1, 2009 (GLOBE NEWSWIRE) -- Simmons First National Corporation (Nasdaq:SFNC) today announced it expects to release first quarter 2009 earnings prior to the market opening on Thursday, April 16, 2009, followed by a live conference call to review this information beginning at 3:00 p.m. Central Time. Interested persons can listen to this call by dialing 1-800-854-4175 (United States and Canada only) and asking for the Simmons First National Corporation conference call. A replay of the call will be available through 5:00 p.m. Central Time on April 23, 2009 by dialing 1-800-642-1687. The passcode for the replay is 93291865. In addition, the call will be available live or in recorded version on the Company's website at www.simmonsfirst.com.
Port of Houston Authority
PHA Commission Approves $35.9 Million Contract for Bayport Container Yard
HOUSTON, April 1, 2009 (GLOBE NEWSWIRE) -- At its March 31 meeting, the Port Commission of The Port of Houston Authority (PHA) approved the award of a $35.9 million construction contract to McCarthy Building Companies, Inc., for the Phase I - Stage 2 container yard for Bayport Terminal, and an agreement with Texas Southern University to devote $2 million toward its development of undergraduate and graduate maritime transportation management and security degree programs.
MetroCorp Bancshares Inc.
MetroCorp Announces the Appointment of Frank Li to Its Board of Directors
HOUSTON, April 1, 2009 (GLOBE NEWSWIRE) -- MetroCorp Bancshares, Inc. (the "Company") (Nasdaq:MCBI) announced today that Frank Li was appointed as a Class III director to fill a vacancy existing on the Company's board of directors, effective April 24, 2009. In connection with the appointment, the Company's board of directors determined that Mr. Li is an independent director as defined in the listing standards of NASDAQ Global Market.