- M&A ACTIVITY HEATS UP.
In a rush last week, newspaper companies merged, swapped and outright acquired properties right and left. From the urban landscapes of New York City and Los Angeles, to bucolic Concord, N.H., Burley, Idaho, and Freeport and Rantoul, Ill., mergers and acquisitions were hot and heavy. Following last October's announcement that ......
- Power surge for Westmoreland Coal Co.
Westmoreland Coal Co.'s wholly owned subsidiary, Westmoreland Mining LLC, completed its purchase of the Montana Power Co. for $138 million in cash. One of the coal operations Westmoreland acquired through the deal is Western Energy Co. in Colstrip, Mont. The company owns and operates the Rosebud Mine, which sold 10.4 ......
- Glacial Bancorp to sell six Montana branches
Glacial Bancorp, Inc., Kalispell, Mont. plans to sell six branch offices with assets of $79 million to Stockman Bank of Montana, Miles City. Stockman will acquire five Western Security Bank offices located in Conrad, Havre and three branches in Great Falls and one Glacier Bank office located in Cut Bank....
- JRC ADDS WEEKLIES; LEE ADDS
MONTHLIES.
Newspaper industry mergers and acquisitions continued apace last week as Journal Register Co. acquired a group of weeklies in the greater Philadelphia area, while Lee Enterprises Inc. took over a monthly magazine and a monthly tabloid in Montana. Both acquisitions strengthen the companies in their respective regions. Journal Register of ......
- PANCANADIAN PETROLEUM AGREES TO BUY MONTANA POWER'S OIL AND GAS ASSETS
PanCanadian Petroleum Ltd. (TSE: PCP) emerged as top bidder for Montana Power Co.'s (NYSE: MTP) oil and gas assets last week. The Calgary independent producer will pay C$702 million (U.S.$475 million) for the Butte, Mont., utility holding company's exploration, production, midstream and marketing operations in an all-cash deal that is ......
- More Mergers and Acquisitions are Expected for 2001
You Can BANK ON IT.
Need to balance your checkbook, transfer funds to another account, pay monthly bills, or conduct a stock trade? You say it's midnight and you're nowhere near a bank? Just pick up the phone or log in and take care of all your transactions at once. Banking is no longer the ......
- News from the Territory
Prinson Sales, Inc. and Dick Johnson & Associates, Inc., two veteran independent factory sales agencies based in the Portland, Oregon area, jointly announce their intent to merge. A new corporation will be formed and named Cascadia Sales Group, Inc. The corporate office of Prinson Sales, Inc. will close, and the ......