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Digest
Catalina sale to private firm is completed
By Times Wires
Published October 2, 2007
ST. PETERSBURG Catalina Marketing Corp. (NYSE:POS), a St. Petersburg-based company, Monday announced the completion of the acquisition of Catalina by entities affiliated with Hellman & Friedman LLC, a private equity investment firm. Catalina announced April 17 an agreement to be acquired by affiliates of Hellman & Friedman in a transaction valued at about $1.7-billion. Under terms of the agreement, Catalina shareholders will receive $32.50 per share in cash, without interest. "We believe Catalina Marketing is in a great position to focus on future growth initiatives and strategic opportunities as a private company," said Dick Buell, CEO of Catalina Marketing. Catalina stock ceased to be traded on the New York Stock Exchange at market close Monday. Brookside buys regional provider Brookside Technology Holdings Corp., a St. Petersburg-based company, said it has acquired U.S. Voice and Data LLC of Louisville, Ky. USVD is a regional provider of telecommunication services. It had unaudited revenue of $15.3-million for the 12-month period ending Aug. 31. Brookside, through Midtown Partners & Co. LLC and LCG Capital, raised about $11-million to assist with the sale. NEW YORK Plea deal reachedin oil-for-food trial Texas oilman Oscar Wyatt Jr. pleaded guilty Monday to a federal conspiracy charge, abruptly ending his trial by admitting he approved a $200,000 payment directly to an Iraqi bank account knowing it violated the rules of the U.N. oil-for-food program. Under the plea agreement, Wyatt, 83, will be sentenced to 18 to 24 months in prison and forfeit $11-million. "I didn't want to waste any more time at 83 years old fooling with this operation," Wyatt said. "The quicker I get it over with, the better." The surprise plea came on the 12th day of the trial. WASHINGTON T-bill rates mixed Interest rates on short-term Treasury bills were mixed in Monday's auction with three-month bills rising while six-month bills were unchanged. The Treasury Department auctioned $16-billion in three-month bills at a discount rate of 3.840 percent, up from 3.820 percent last week. Another $14-billion in six-month bills was auctioned at a discount rate of 4.000 percent, unchanged from last week.
[Last modified October 2, 2007, 00:04:02]
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