Nov 11, 2009 09:00 RIVAL Signs Letter of Intent for Pilot Plant Financing
RIVAL Signs Letter of Intent for Pilot Plant Financing RIVAL Technologies Inc. (OTCBB:RVTI) announced today that it has signed a Letter of Intent with a group of investors that will provide a $6 million financing to the company.   continued...

Nov 11, 2009 08:00 Kellogg Company Announces Extension of the Early Tender Date of Its Cash Tender Offer for 6.60% Notes Due 2011
Kellogg Company Announces Extension of the Early Tender Date of Its Cash Tender Offer for 6.60% Notes Due 2011 Kellogg Company (NYSE:K) today announced that it has extended the Early Tender Date for its previously announced offer to purchase for cash (the "Tender Offer") of up to $500 million aggregate principal amount (the "Offer Cap") of its 6.60% Notes due 2011 (the "Notes") until 5:00 p.m. New York City time on November 18, 2009.   continued...

Nov 11, 2009 06:45 Simmons First Announces Pricing of Common Stock Offering
Simmons First Announces Pricing of Common Stock Offering Simmons First National Corporation (Nasdaq:SFNC) today announced the pricing of an underwritten public offering of 2,650,000 shares of its common stock at a price to the public of $24.50 per share for gross proceeds of approximately $64.925 million. The net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be approximately $61.4 million. The Company has granted the underwriters a 30-day option to purchase up to an additional 397,500 shares of the Company's common stock to cover over-allotments, if any. Stephens Inc. is serving as lead bookrunner and Stifel, Nicolaus & Company, Incorporated is serving as joint bookrunner for the offering. Raymond James & Associates, Inc. is serving as co-manager. The Company expects to close the transaction, subject to customary conditions, on or about November 17, 2009.   continued...

Nov 10, 2009 23:54 HCC Insurance Holdings, Inc. Announces Pricing of $300 Million Senior Notes Offering
HCC Insurance Holdings, Inc. Announces Pricing of $300 Million Senior Notes Offering HCC Insurance Holdings, Inc. (NYSE:HCC) today announced that it has priced an offering of $300 million aggregate principal amount of 6.300% Senior Notes due 2019 under its shelf registration statement. The net proceeds of the offering will be used to pay down a portion of HCC's credit facility. Banc of America Securities LLC, J.P. Morgan Securities Inc. and Wells Fargo Securities, LLC are the Joint Book-Running Managers for the offering, and Citigroup Global Markets Inc., Deutsche Bank Securities Inc., KeyBanc Capital Markets Inc. and RBS Securities Inc. will act as Co-managers for the offering which is expected to close on November 16, 2009. A written prospectus relating to the offering may be obtained by contacting Banc of America Securities LLC at 1-800-294-1322, J.P. Morgan Securities Inc. at 1-212-834-4533 or Wells Fargo Securities, LLC at 1-800-326-5897.   continued...

Nov 10, 2009 19:38 Altra Holdings, Inc. Announces Tender Offer by Subsidiary of its 9% Senior Secured Notes Due 2011
Altra Holdings, Inc. Announces Tender Offer by Subsidiary of its 9% Senior Secured Notes Due 2011 Altra Holdings, Inc. ("Altra Holdings") (Nasdaq:AIMC), announced today the commencement of a cash tender offer by its wholly-owned subsidiary, Altra Industrial Motion, Inc. ("Altra Industrial"), for any and all of its outstanding 9% Senior Secured Notes due 2011 (the "Notes"). There is currently $205,300,000 aggregate principal amount of the Notes outstanding. The tender offer (the "Offer") is being made pursuant to an Offer to Purchase and Waiver (the "Offer to Purchase") and a related Letter of Transmittal and Waiver (the "Letter of Transmittal"), each dated as of November 10, 2009. The Offer will expire at 12:00 midnight, Eastern Standard time, at the end of Wednesday, December 9, 2009, unless extended or earlier terminated (the "Expiration Time").   continued...

Nov 10, 2009 17:38 StoneMor Partners L.P. Announces Public Offering of 1,275,000 Common Units
StoneMor Partners L.P. (Nasdaq:STON) ("StoneMor") announced today that it intends to offer, subject to market and other conditions, 1,275,000 common units representing limited partner interests in StoneMor. In connection with the offering, StoneMor expects to grant the underwriter a 30-day option to purchase up to 191,250 additional common units to cover over-allotments, if any. StoneMor intends to use the net proceeds from the common units offering to prepay a portion of the borrowings outstanding under its acquisition credit facility and to fund growth capital expenditures, including mausoleum construction, or for general partnership purposes. If the underwriter exercises its option to purchase additional common units, StoneMor will use the additional proceeds to fund growth capital expenditures, including mausoleum construction, or for general partnership purposes.   continued...

Nov 10, 2009 12:15 OceanFirst Financial Corp. Over-Allotment Option Exercised
OceanFirst Financial Corp. (Nasdaq:OCFC) announced today the closing of the underwriters' exercise of their over-allotment option to purchase an additional 833,400 shares of OceanFirst's common stock at a purchase price of $8.55 per share to the underwriters and $9.00 per share to the public. The over-allotment option, which the underwriters exercised on November 5, 2009, was granted in connection with OceanFirst's previously announced public offering of 5,556,000 shares of its common stock at a price to the public of $9.00 per share. OceanFirst expects net proceeds from the offering, including the exercise of the over-allotment option, after deducting underwriting discounts and estimated offering expenses to be approximately $54.0 million. OceanFirst intends to use the net proceeds to repurchase the Fixed Rate Cumulative Perpetual Preferred Stock, Series A sold to the U.S. Treasury pursuant to the Capital Purchase Program of the Troubled Asset Relief Program ("TARP") and to repurchase the Fixed Rate Cumulative Perpetual Preferred Stock of Central Jersey Bancorp ("Central Jersey") sold to the U.S. Treasury pursuant to the Capital Purchase Program of the TARP, in the event such Preferred Stock remains outstanding after consummation of the Company's merger with Central Jersey. Both OceanFirst and Central Jersey have submitted applications to repurchase their respective shares of Preferred Stock, however, OceanFirst cannot predict when, or if, approval of either application will be granted to repurchase these shares. Net proceeds of the offering not used to repurchase the Preferred Stock will be used for general corporate purposes.   continued...

Nov 10, 2009 09:15 ParkerVision Prices Common Stock Offering
ParkerVision, Inc. (Nasdaq:PRKR) ("ParkerVision") today announced the pricing of its previously announced underwritten public offering of 8,000,000 shares of its common stock at a public offering price of $2.00 per share. Piper Jaffray & Co. acted as the sole underwriter and manager of the offering.   continued...

Nov 9, 2009 16:15 Omnicity Secures Financing to Accelerate Its Acquisition Strategy
Omnicity Corp (OTCBB:OMCY), the Midwest's largest and fastest growing fixed Wireless Internet Service Provider, today announced the closure of a $1,170,000 financing. This financing is earmarked for the completion of several asset purchase agreements ("Acquisitions") in various stages of closure. This financing will assist Omnicity in the furthering of its mission to bring broadband to the Heartland of rural America and to accelerate its acquisition and growth strategies.   continued...

Nov 9, 2009 16:01 Cerner Announces Variable Prepaid Forward Contract on Cerner Stock by Chairman Neal Patterson and Vice Chairman Clifford Illig
Cerner Corporation (Nasdaq:CERN) today announced that Chairman Neal Patterson and Vice Chairman Clifford Illig have each entered into a variable prepaid forward contract covering 500,000 shares of Cerner common stock.   continued...

Nov 9, 2009 14:00 UnderSea Recovery Corporation Signs Funding and Permit Facilitation Agreement with Mexican Company
UnderSea Recovery Corporation ("UNSR") (formerly Legal Access Technologies, Inc.) (Pink Sheets:LGAL) announced today that it signed, on Thursday, November 5, 2009, in Mexico City, an agreement with Global Sales Corporation, a Mexican company ("Global"), under which Global has committed to invest $1,500,000 in UNSR no later than November 30, 2009. Global will receive shares of Preferred Stock and a Common Stock Warrant in return for the investment funds. The shares of Preferred Stock carries an annual dividend of 10% per annum on the face amount of the Preferred Stock and a special participating dividend equal to 10% of the Company's net cash generated from operations. The Preferred Stock is redeemable by the Company for $200,000 at such time as Global has received $3,500,000 from the special participating dividend. The Warrant is not exercisable for six months from issuance and the exercise period is two years. The exercise price is $10,000 and the Warrant is exercisable into 10% of the Company's common stock.   continued...

Nov 9, 2009 13:15 Education Realty Trust Retires $98 Million First Mortgage Debt
Education Realty Trust, Inc., (NYSE:EDR) today announced it retired $98 million of secured first mortgage debt that was due to mature on December 6, 2009. The debt was secured by nine properties acquired as part of the 2006 Place portfolio transaction and was retired by utilizing approximately $76 million of existing cash and by drawing on its corporate credit facility.   continued...

Nov 9, 2009 12:30 Builders FirstSource Announces Settlement of Stockholder Litigation Regarding Its Recapitalization
Builders FirstSource, Inc. (Nasdaq:BLDR) announced that it has entered into a definitive stipulation to settle the consolidated class and derivative action that was filed in connection with its previously announced recapitalization. The settlement is subject to the approval of the Delaware Court of Chancery. A copy of the notice that provides details of the settlement terms and the hearing before the Delaware Court of Chancery is available on the Company's website at www.bldr.com.   continued...

Nov 9, 2009 08:59 Vision-Sciences, Inc. Appoints Warren Bielke Interim Chief Executive Officer
Vision-Sciences, Inc. Appoints Warren Bielke Interim Chief Executive Officer Vision-Sciences, Inc., (Nasdaq:VSCI) ("Vision-Sciences" or the "Company") announced today the appointment of Mr. Warren Bielke, a director, as Interim Chief Executive Officer. Mr. Bielke replaces Mr. Ron Hadani who resigned as President, Chief Executive Officer and as a member of the Board of Directors of Vision-Sciences, effective immediately. Mr. Hadani resigned for personal reasons. The Board expressed gratitude to Mr. Hadani for his service to Vision-Sciences.   continued...

Nov 6, 2009 15:56 Piedmont Recommends Rejection of Mini-Tender Offer by MacKenzie Patterson Fuller
Piedmont Recommends Rejection of Mini-Tender Offer by MacKenzie Patterson Fuller Piedmont Office Realty Trust, Inc. ("Piedmont") has been notified of an unsolicited "mini-tender offer" by MPF DeWaay Fund 8, LLC, MPF REIT Fund 1, LLC, MPF Badger Acquisition Co., LLC, Lemon Creek Operating Partnership, LP, MPF Senior Note Program I and II, LP, SCM Special Fund 2, LP and MacKenzie Patterson Fuller, LP (collectively, "MPF") to purchase up to 1,000,000 shares of stock of Piedmont at a price of $4.00 per share. MPF states the $4.00 per share offer price will be reduced by the amount of any dividends declared or made with respect to the shares between October 26, 2009 and November 30, 2009 or such other date to which the offer is extended. Piedmont is not in any way affiliated with MPF, and believes this offer is not in the best interests of its stockholders. The Board of Directors of Piedmont has carefully evaluated the terms of MPF's offer and unanimously recommends that stockholders reject MPF's offer and not tender their shares.   continued...

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