latest news releases from the newsroom
Kratos Defense & Security Solutions, Inc.
Kratos Defense & Security Solutions Announces Close On Acquisition of Haverstick Consulting, Inc. and Secures a New Credit Facility of $85 Million
SAN DIEGO, Dec. 31, 2007 (PRIME NEWSWIRE) -- Kratos Defense and Security Solutions, Inc. (Nasdaq:KTOS), a leading national defense and security solutions provider, today announced that it has completed the acquisition of Haverstick Consulting, Inc., which was previously announced. The transaction was completed using a combination of cash and Kratos stock. The total purchase price was $90 million, which includes $69 million in cash and approximately 7.6 million unregistered shares of Kratos stock valued at approximately $21 million. For this transaction, Kratos successfully secured a new credit facility of $85 million arranged by KeyBanc Capital Markets (NYSE:KEY). This credit facility, which includes a $25 million line of credit and $60 million in term notes, will replace the previous credit facility of $35 million and will be used to fund the Haverstick acquisition, working capital needs, and positions Kratos to continue to execute its strategy.
Hemispherx Biopharma, Inc.
Hemispherx Announces Executive Bonuses
PHILADELPHIA, Dec. 31, 2007 (PRIME NEWSWIRE) -- The Board of Directors of Hemispherx Biopharma, Inc. (AMEX:HEB) announces that, on December 26, 2007, certain executives were awarded bonuses of 25% of base salaries for performance in relation to 2007 corporate goals and objectives. Bonuses were awarded to W.A. Carter, M.D., CEO and Chairman of the Board ($166,156), Anthony Bonelli, COO ($87,500), Robert Peterson, CFO ($64,791), Dr. David Strayer, Chief Medical Officer ($50,347) and Wayne Springate, V.P. of Manufacturing ($37,500).
EvergreenBancorp Reports Impact of Visa Litigation
SEATTLE, Dec. 31, 2007 (PRIME NEWSWIRE) -- EvergreenBancorp, Inc. (OTCBB:EVGG), the holding company for EvergreenBank, today announced that it will record a fourth quarter 2007 pretax charge of approximately $1.4 million, reducing earnings after tax by $940,000 or $0.39 per diluted share, representing its proportionate share of certain litigation involving Visa, Inc. and a number of Visa member banks, including EvergreenBank.