latest news releases from the newsroom
NorthStar Realty Finance Corp.
NorthStar Realty Finance Announces Treatment of 2005 Dividend
NEW YORK, Jan. 30, 2006 (PRIMEZONE) -- NorthStar Realty Finance Corp. (NYSE:NRF) today announced the tax treatment of its common stock dividends paid during the 2005 calendar year. The three dividend payments made during the 2005 calendar year totaled $0.53 per share of common stock. This amount does not include the $0.27 per share dividend payable on or about February 10, 2006, with respect to the fourth quarter of 2005. For tax reporting purposes, 100% of the dividend distributions made in 2005 will be classified as ordinary, non-qualified dividends and no portion of the dividends represented a return of capital.
GB&T Bancshares, Inc.
GB&T Bancshares Announces Share Repurchase Program
GAINESVILLE, Ga., Jan. 30, 2006 (PRIMEZONE) -- GB&T Bancshares, Inc. (Nasdaq:GBTB), a multi-bank holding company with six community banks in markets surrounding Atlanta, Georgia, today announced that the Company's Board of Directors has approved the repurchase of up to approximately 2% of the Company's outstanding common stock, no par value per share ("Common Stock"). SunTrust Robinson Humphrey will purchase from time to time, on behalf of the Company, on a best-efforts basis, up to 260,000 shares of the Common Stock in open-market transactions.
Fox & Hound Restaurant Group
Fox & Hound Restaurant Group Announces Determination of Superior Proposal
WICHITA, Kan., Jan. 30, 2006 (PRIMEZONE) -- Fox & Hound Restaurant Group (Nasdaq:FOXX) announced that, in accordance with the terms and conditions of the Amended and Restated Agreement and Plan of Merger among the Company and affiliates of Levine Leichtman Capital Partners (the "LLCP Merger Agreement"), the Company's Board of Directors has determined that the previously announced offer of affiliates of Newcastle Partners, LP and Steel Partners II, LP to enter into a negotiated tender offer/merger for $16.30 per share in cash (the "Newcastle/Steel Offer") is a superior offer to the existing $16.00 per share offer of Levine Leichtman Capital Partners made pursuant to the LLCP Merger Agreement.
Occidental Petroleum Corp.
Occidental Completes Acquisition of Vintage Petroleum
LOS ANGELES, Jan. 30, 2006 (PRIMEZONE) -- Occidental Petroleum Corporation (NYSE:OXY) announced today it has completed the previously announced acquisition of Vintage Petroleum, Inc. (NYSE:VPI). Under the terms of the merger agreement, Vintage shareholders will receive $20.00 per Vintage share in cash, plus 0.42 Occidental shares per Vintage share. As a result of this transaction, Occidental will issue approximately 28 million shares of Occidental common stock and pay approximately $1.4 billion in cash to former Vintage stockholders. As previously announced, Occidental plans to implement, from time to time, a stock re-purchase program for 9 million Occidental shares in the open market or otherwise.
Northwest Bancorporation, Inc.
Northwest Bancorporation, Inc. Announces Fourth-Quarter Financial Information
SPOKANE, Wash., Jan. 30, 2006 (PRIMEZONE) -- Northwest Bancorporation, Inc. (OTCBB:NBCT) President and CEO Randall L. Fewel today announced fourth-quarter net income for the company of $566,376 and full-year earnings of $2,160,213 for the twelve months ending December 31, 2005. Fourth-quarter 2005 earnings were higher than for the same quarter in 2004, increasing by 0.4% from $564,009. Fourth-quarter 2004 results were aided by a $50 thousand tax accrual adjustment. For the full year, net income increased 10.0% over the $1,964,317 earned in 2004.