American Tire Distributors plans IPO

American Tire Distributors Holdings Inc. is planning an initial public offering, the company said Friday.

American Tire, the country’s largest distributor of replacement tires, expects to raise about $230 million, according to a filing with the U.S. Securities and Exchange Commission. That figure was submitted for the purpose of calculating the IPO registration fee, and could change as the deal comes closer to market.

The company, based in Charlotte, N.C., expects to trade on the New York Stock Exchange under the symbol ATD.

American Tire Distributors has a network of 83 distribution centers serving 37 states. It posted revenue of $1.96 billion in fiscal 2008, the most recent full year it disclosed in its filing. [Read the full article]

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Williams Coal Seam Gas Royalty Trust (NYSE: WTU) announced today that there will be a cash distribution to the holders of its units of beneficial interest of $0.016972 per unit, payable March 1, 2010 to unitholders of record on February 16, 2010.

The Trust owns net profits interests in certain proved coal seam gas properties owned by Williams Production Company, LLC (WPC) and located in the San Juan Basin of northwestern New Mexico (the “Working Interest Properties”) and southwestern Colorado, including WPC’s 35 percent net profits interest in 5,348 gross acres in La Plata County, Colorado (the “Farmout Properties”).  WPC reported that production attributable to its gross interests in the properties burdened by the Trust’s net profits interests was 6.8 trillion British thermal units (TBtu) during the period associated with this quarterly cash distribution compared to 2.6 TBtu during the preceding period. [Read the full article]

DRS, Inc. (OTCBB: DRSX – News) was incorporated in November of 2006 as a Nevada Corporation by Daniel Mendes, the current President, and Daniel Guimont. On August 1, 2007, George Guimont stepped in as Secretary/Treasurer with his over 30 years of experience in the drywall industry to help lend guidance to the growing company. With both executives possessing decades of experience in both the construction and drywall industries joining forces to develop DRS, Inc., they recognized what is no less than a massive market opportunity created by both huge real estate construction growth AND the current political/environmental trend toward being “green,” clean and carbon footprint neutral.

Roughly 40 billion square feet of drywall board is manufactured annually in North America, constituting up to 13% to 20% of new home construction waste. [Read the full article]

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Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R. (BMV: FINDEP) (“Independencia” or the “Company”), a Mexican microfinance lender of personal loans to lower income segment individuals, announced today that  it completed the Second Round of Rights Offering Process, thus finalizing the 85,000,000 share capital increase first announced on November 30, 2009. A total of 5,095,599 shares were subscribed during the Second Round and 79,904,401 shares during the First Round. All shares were subscribed at the issue price of Ps.10.00 per share.

Proceeds of Ps.850 million from the capital increase will be used to finance the Ps.530 million acquisition of Financiera Finsol, S.A. de C.V., SOFOM., E.N.R., the second largest group lending microfinance institution in Mexico, and group of related entities, including Finsol Brazil, as announced on November 30th, 2009. [Read the full article]

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