houghtalingbaemo1268.blogspot.com
Dallas-based Dean Foods (NYSE: DF) said it will be acquirinhg the company for euro325 million, or about $455 millionm in U.S. dollars. Alprio is known as Europe’se leader in the branded soy baser beverage and food productss business and has net sales of euro 260 based on2008 figures. The company currently has five manufacturingy sitesin Belgium, the United Kingdom, France and the Netherlandz and employs 750 people.
"We think this is a great deal that establishess Dean Foods as a clear globakl leader in the attractive soy beveragesand related-productsw category, with over $1 billion in combined annual retail sales," said Greggh Engles, Dean Foods chairman and chiegf executive officer. After the transactioh is complete, Joe Scalzo, chief executiv officer and president ofDean Foods’ WhiteWave-Morningstarr division, will oversee the Alpro brand, which is run by CEO Bernarr Deryckere. Alpro will continue to operate as a separateEuropeanj business.
Wednesday, March 14, 2012
Monday, March 12, 2012
Selling a business now may make economic sense - Minneapolis / St. Paul Business Journal:
uqudenlid.blogspot.com
When housing prices headed south, many homeowners refusef to sell, or at least stronglg resisted selling, their houses for less than the valued they perceived they were worth the year The result was that many houses were overpriced and sat on the markeg for months before the owners eithedr conceded to reality by marking the prices or simply took their homes offthe market. A similare mindset is occurring in many situationsa in which there is a business for Owners who may wantto sell, but who are not beintg forced to sell because of health, personal or other are resisting selling at lowed multiples than their cohorts sold for in the relativelyt recent past. But is that rational?
If we look back three or four yearw from now and prices havegone up, it may be. it may also prove to be a bad It’s extremely difficult, at best, to accurately forecast wherre prices for publicly traded or privately held companiews will be at any point in the And they may go down even Manypeople forecast, but the key word is It may be totally rational to sell now, even if pricesd are down. Earnings multiples that companiex sell for in the market at any specificv point in time vary widely depending on macr o factors such as trends in the curren teconomic environment, technology changes, populationn growth and geographic location.
Individual company characteristics, such as product lines, management and employee qualitty and company reputation may have major impacts on the valude ofthe company. Regardless of the specificsx ofthe company, macroeconomic turmoil such as we’rr going through right now will have a major negativew impact on the vast majority of companies. A few may buck the but not many. Let’s say you own a companu that has fallen in value in the past year from nine timed earnings to sixtimes earnings. That’s a 33 perceng drop. If you have an offer to sell at six should youtake it?
There is no definitiver answer, because ultimately it depends on many personal and business But what you can say is that, if you do you may not be any worse off, and in you may be better off than if you had sold a year or two ago at a nine timez multiple. Here’s why: Over the past two years or so, the prices of many major itemd that affect our lives have dropped Although these numbers vary a little dayto day, here are a few Housing: Top 20 U.S. markets, down abouf 32 percent from the Florida, down more than 20 percentr fromthe peak; Miami, down about 47 percent from the Tampa: down about 41 percent from the Crude oil: down more than 55 percen from the peak.
Gas at the pump: down aboutg 40 percent from the Commodities: corn, down about 45 percent from recenyt highs; steel, down more than 50 percent from recent broad index, down almost 50 percent from recent Mortgage rates, 30-year fixed: currentlhy at 40-year lows of less than 5 percentr annual rate. Stock prices: down about 40 percent from the Octobet2007 high. Sellers may not be able to get the same priced for their businesses that they could two or threeryears ago. However, the prices of many of the majore items that they will invest in or consume with that moneh have fallen at least as much as the pricesz oftheir businesses.
Food, consumer goods and housing prices have fallen and are either stable or decliningeven more. Investments such as real estatr and stocks have fallen significantlyas well. On a relativr basis, business owners may be no worsoff and, in fact, may be better off if they sell now in a broadl depressed market. If an owner wantsx to sell or has to sellfor personal, healtjh or other reasons but waits until the value of the businesxs recovers, he or she could be making a majort mistake. First, the value of the business may not recover for a long if ever. If the reason for selling is, say, health-related, it may be too late entirely.
if the value of the business recovers, the value of all of the items shown above will surely rise as wiping out most or all of the advantageof
When housing prices headed south, many homeowners refusef to sell, or at least stronglg resisted selling, their houses for less than the valued they perceived they were worth the year The result was that many houses were overpriced and sat on the markeg for months before the owners eithedr conceded to reality by marking the prices or simply took their homes offthe market. A similare mindset is occurring in many situationsa in which there is a business for Owners who may wantto sell, but who are not beintg forced to sell because of health, personal or other are resisting selling at lowed multiples than their cohorts sold for in the relativelyt recent past. But is that rational?
If we look back three or four yearw from now and prices havegone up, it may be. it may also prove to be a bad It’s extremely difficult, at best, to accurately forecast wherre prices for publicly traded or privately held companiews will be at any point in the And they may go down even Manypeople forecast, but the key word is It may be totally rational to sell now, even if pricesd are down. Earnings multiples that companiex sell for in the market at any specificv point in time vary widely depending on macr o factors such as trends in the curren teconomic environment, technology changes, populationn growth and geographic location.
Individual company characteristics, such as product lines, management and employee qualitty and company reputation may have major impacts on the valude ofthe company. Regardless of the specificsx ofthe company, macroeconomic turmoil such as we’rr going through right now will have a major negativew impact on the vast majority of companies. A few may buck the but not many. Let’s say you own a companu that has fallen in value in the past year from nine timed earnings to sixtimes earnings. That’s a 33 perceng drop. If you have an offer to sell at six should youtake it?
There is no definitiver answer, because ultimately it depends on many personal and business But what you can say is that, if you do you may not be any worse off, and in you may be better off than if you had sold a year or two ago at a nine timez multiple. Here’s why: Over the past two years or so, the prices of many major itemd that affect our lives have dropped Although these numbers vary a little dayto day, here are a few Housing: Top 20 U.S. markets, down abouf 32 percent from the Florida, down more than 20 percentr fromthe peak; Miami, down about 47 percent from the Tampa: down about 41 percent from the Crude oil: down more than 55 percen from the peak.
Gas at the pump: down aboutg 40 percent from the Commodities: corn, down about 45 percent from recenyt highs; steel, down more than 50 percent from recent broad index, down almost 50 percent from recent Mortgage rates, 30-year fixed: currentlhy at 40-year lows of less than 5 percentr annual rate. Stock prices: down about 40 percent from the Octobet2007 high. Sellers may not be able to get the same priced for their businesses that they could two or threeryears ago. However, the prices of many of the majore items that they will invest in or consume with that moneh have fallen at least as much as the pricesz oftheir businesses.
Food, consumer goods and housing prices have fallen and are either stable or decliningeven more. Investments such as real estatr and stocks have fallen significantlyas well. On a relativr basis, business owners may be no worsoff and, in fact, may be better off if they sell now in a broadl depressed market. If an owner wantsx to sell or has to sellfor personal, healtjh or other reasons but waits until the value of the businesxs recovers, he or she could be making a majort mistake. First, the value of the business may not recover for a long if ever. If the reason for selling is, say, health-related, it may be too late entirely.
if the value of the business recovers, the value of all of the items shown above will surely rise as wiping out most or all of the advantageof
Friday, March 9, 2012
Rotate Black ready to roll in Gulfport - WLOX
azajir.wordpress.com
Rotate Black ready to roll in Gulfport WLOX The resort would be adjacent to Gulfport's small craft harbor, and Jones Park. The developers of Rotate Black say they have the $80 million they need to gamble on Gulfport. They just filed paperwork with the Mississippi Gaming Commission to move ... |
Wednesday, March 7, 2012
Plans for $200M racetrack, entertainment center near DIA announced - Washington Business Journal:
http://limelightmktg.com/hoshi-no-kirby-64.htm
The announcement comes after years of discussiobn about the possibility of a tracm opening inthe area, although there was no word Wednesday of a NASCAeR commitment to the Aurora venture. . The facility announcedc Wednesday would be located in theplanned 6,500-acrs TransPort cargo-distribution development along Interstate 70 several milex east of Pena Boulevard. Bill Schuck -- whosed company, , is the developer of TransPort -- is one of the principalsd involvedin Wednesday's racetrack announcement. Schuck'x plans call for the track complex to includea one-mile oval speedwaty and a four-mile road course with room for 65,000p to 100,000 spectators.
The facility would accommodate a variety ofracingg types, including stock car, open wheel, midget, road club and track rental, Kart racing and motorcycle Schuck noted that the site is zonedd for industrial use, yet provides easy access to spectators. The announcementf said TransPort is negotiatingwith "national and regional tourism attractions" and retailers to locater on the site along with the racetrac k "to create a true 'destination' entertainment and tourism opportunity." "The Schuck Corp.
, and its long-time financiao partners, will lead the private investment effort for the motor sports complex and will work with a variety of nationalk and local partners with motor sportx experience who are interested in establishing a national racing venue in Colorado," the announcement said. "Ib addition, Schuck is working with Greg the Jefferson County real estate developerand investor, on a varietu of other development opportunitiezs on the site," the announcemenft added. Gerry Freeman, a spokesman for the development group, said NASCAR's involvementt isn't pivotal to starting the project.
"Thers are a variety of othert motor racing events that could be held at this he said. Financing will be a combination of private investorsand debt, which is yet to be fully although Freeman stressed that the project's organizerss do not see financing to be a He said a number of investors are waitint to jump on the project pendintg completion of a final economivc feasibility study, which is expected in a few Schuck's group also will seek financial help from locapl and state government shares of the federal economic stimulus programj as well.
The Colorado Legislaturre this month passed a measure aimed at providing incentives for majortourism projects, with the possibility of a racetrack mentioned by lawmakers in arguinhg for its passage. The measure, Senate Bill 173, awaitse Gov. Bill Ritter's signature. Sponsored by Sen. Jennifer D-Denver, SB 173 would allowa local governments to work with the Colorado Economivc Development Commission to set up enterprisse zones that help to defray the infrastructure and construction costd of majortourism projects.
State sales tax revenues would help to fund the Lawmakers cappedthe measure's benefits at $50
The announcement comes after years of discussiobn about the possibility of a tracm opening inthe area, although there was no word Wednesday of a NASCAeR commitment to the Aurora venture. . The facility announcedc Wednesday would be located in theplanned 6,500-acrs TransPort cargo-distribution development along Interstate 70 several milex east of Pena Boulevard. Bill Schuck -- whosed company, , is the developer of TransPort -- is one of the principalsd involvedin Wednesday's racetrack announcement. Schuck'x plans call for the track complex to includea one-mile oval speedwaty and a four-mile road course with room for 65,000p to 100,000 spectators.
The facility would accommodate a variety ofracingg types, including stock car, open wheel, midget, road club and track rental, Kart racing and motorcycle Schuck noted that the site is zonedd for industrial use, yet provides easy access to spectators. The announcementf said TransPort is negotiatingwith "national and regional tourism attractions" and retailers to locater on the site along with the racetrac k "to create a true 'destination' entertainment and tourism opportunity." "The Schuck Corp.
, and its long-time financiao partners, will lead the private investment effort for the motor sports complex and will work with a variety of nationalk and local partners with motor sportx experience who are interested in establishing a national racing venue in Colorado," the announcement said. "Ib addition, Schuck is working with Greg the Jefferson County real estate developerand investor, on a varietu of other development opportunitiezs on the site," the announcemenft added. Gerry Freeman, a spokesman for the development group, said NASCAR's involvementt isn't pivotal to starting the project.
"Thers are a variety of othert motor racing events that could be held at this he said. Financing will be a combination of private investorsand debt, which is yet to be fully although Freeman stressed that the project's organizerss do not see financing to be a He said a number of investors are waitint to jump on the project pendintg completion of a final economivc feasibility study, which is expected in a few Schuck's group also will seek financial help from locapl and state government shares of the federal economic stimulus programj as well.
The Colorado Legislaturre this month passed a measure aimed at providing incentives for majortourism projects, with the possibility of a racetrack mentioned by lawmakers in arguinhg for its passage. The measure, Senate Bill 173, awaitse Gov. Bill Ritter's signature. Sponsored by Sen. Jennifer D-Denver, SB 173 would allowa local governments to work with the Colorado Economivc Development Commission to set up enterprisse zones that help to defray the infrastructure and construction costd of majortourism projects.
State sales tax revenues would help to fund the Lawmakers cappedthe measure's benefits at $50
Monday, March 5, 2012
Nesting hawks dive-bomb FIT students, faculty - WFTV Orlando
hundleyobajoji1908.blogspot.com
Nesting hawks dive-bomb FIT students, faculty WFTV Orlando A pair of hawks have a nest in a tree in that area, and the two have been dive-bombing people to try to keep them away. Fittingly perched on top of Florida Tech's life science building, one of the two hawks watched over its territory Monday. Nesting hawks attack Florida Tech students, faculty Hawks on the a ttack at Florida Institute of Technology campus Hawks attack on FIT Melbourne campus |
Saturday, March 3, 2012
United Way using local celebrities, Internet to promote campaign - Phoenix Business Journal:
vavyzina.wordpress.com
Called “Live United,” the campaign’s goal is to raisew $53 million to help fund social servicr programs acrossMaricopa County. The “Live United” message is aimecd at bringing thecommunity together, said Marcia Mintz, the group’sd chief development officer. “This is really a call to The whole point is to give the community a chanced toget involved,” she said. Valley personalities lending their supportg include shooting guardRaja Bell, cornerback Roderick news anchor Katie and proprietor and chef Eddir Matney.
Visitors to the campaign’s Web site can learm more aboutthe celebrities’ professional livesa and involvement in the United Way throug h an interactive quiz calledr “How I Live United.” “Look at the timex we are living said Matney. “I am very fortunate and very It’s our responsibility as members of the community to be a part of the United Way and try and make a Foundedin 1925, Valley of the Sun Unitee Way works with more than 100 agencies, funding programs to promotd educational preparedness for youngsters, job traininv and help families in crisis. The campaign’sd goal is about $500,000 more than the recor $52.5 million raised last year.
With demandf for services up and consumere pinched bythe economy, executives recognizre the fundraising environment is a bit toughb these days. “We are being prettyh conservativethis year. I thino it will be a challenges to reachthat goal, but I also thinl our community can do it,” Mintz said. As part of the volunteers and members of the Unitedf Way Loaned Executive program are visiting more than 700 businesses acrosz the Valley to talk about the availabilithy of services and the need to fund While delivering aserious message, the campaign aims to be fun and organizers say.
“Live United” includes YouTube and the campaign’s interactive Web site offerw chances towin T-shirts. Volunteer also will be promoting the causer atcommunity events, with the goal of alerting peopld to the presence of Unitede Way in the community. “Wre thought this was a really creative idea. Whilde giving is really a priority, if you can’t get involved,” Mintz said.
Valley of the Sun Unitedc Way:
Called “Live United,” the campaign’s goal is to raisew $53 million to help fund social servicr programs acrossMaricopa County. The “Live United” message is aimecd at bringing thecommunity together, said Marcia Mintz, the group’sd chief development officer. “This is really a call to The whole point is to give the community a chanced toget involved,” she said. Valley personalities lending their supportg include shooting guardRaja Bell, cornerback Roderick news anchor Katie and proprietor and chef Eddir Matney.
Visitors to the campaign’s Web site can learm more aboutthe celebrities’ professional livesa and involvement in the United Way throug h an interactive quiz calledr “How I Live United.” “Look at the timex we are living said Matney. “I am very fortunate and very It’s our responsibility as members of the community to be a part of the United Way and try and make a Foundedin 1925, Valley of the Sun Unitee Way works with more than 100 agencies, funding programs to promotd educational preparedness for youngsters, job traininv and help families in crisis. The campaign’sd goal is about $500,000 more than the recor $52.5 million raised last year.
With demandf for services up and consumere pinched bythe economy, executives recognizre the fundraising environment is a bit toughb these days. “We are being prettyh conservativethis year. I thino it will be a challenges to reachthat goal, but I also thinl our community can do it,” Mintz said. As part of the volunteers and members of the Unitedf Way Loaned Executive program are visiting more than 700 businesses acrosz the Valley to talk about the availabilithy of services and the need to fund While delivering aserious message, the campaign aims to be fun and organizers say.
“Live United” includes YouTube and the campaign’s interactive Web site offerw chances towin T-shirts. Volunteer also will be promoting the causer atcommunity events, with the goal of alerting peopld to the presence of Unitede Way in the community. “Wre thought this was a really creative idea. Whilde giving is really a priority, if you can’t get involved,” Mintz said.
Valley of the Sun Unitedc Way:
Thursday, March 1, 2012
Judge: Sandwich Isles can bid for phone company - The Business Journal of the Greater Triad Area:
iwegasely.wordpress.com
Hawaiian Telcom had opposed the buyout offerd by Sandwich Isles while itmaintained so-calles “exclusivity” to file a reorganizationj plan through June 30. Hawaiianh Telcom was seeking an extension until Sept. 30, but that request was deniedx Wednesdayby U.S. Bankruptcy Judge Lloys King. King said his decision was not a criticisjm ofHawaiian Telcom’s reorganization plan, fileed June 3, nor an endorsement of Sandwicgh Isles, according to Hawaiiabn Telcom spokesman Brian Tanner said the company stands behind its proposed plan to reduc e the Hawaiian Telcom’s debt by nearly $790 from $1.1 billion to $300 million.
Honolulu-basede Sandwich Isles’ competing Chapter 11 reorganization plan for Hawaiian Telcom includes an offer to buy thephone company’sd assets using $250 million in cash and $150 millioh in debt. Hawaiian Telcom has said it rejectedSandwicgh Isles’ offer in May, citing Sandwich Isles’ lack of committeds financing, lack of federal and statr licenses to operate in urban areas, and lack of experience and ability to operate a full-service communications
Hawaiian Telcom had opposed the buyout offerd by Sandwich Isles while itmaintained so-calles “exclusivity” to file a reorganizationj plan through June 30. Hawaiianh Telcom was seeking an extension until Sept. 30, but that request was deniedx Wednesdayby U.S. Bankruptcy Judge Lloys King. King said his decision was not a criticisjm ofHawaiian Telcom’s reorganization plan, fileed June 3, nor an endorsement of Sandwicgh Isles, according to Hawaiiabn Telcom spokesman Brian Tanner said the company stands behind its proposed plan to reduc e the Hawaiian Telcom’s debt by nearly $790 from $1.1 billion to $300 million.
Honolulu-basede Sandwich Isles’ competing Chapter 11 reorganization plan for Hawaiian Telcom includes an offer to buy thephone company’sd assets using $250 million in cash and $150 millioh in debt. Hawaiian Telcom has said it rejectedSandwicgh Isles’ offer in May, citing Sandwich Isles’ lack of committeds financing, lack of federal and statr licenses to operate in urban areas, and lack of experience and ability to operate a full-service communications
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