Genesis Energy General Partner Acquired by Quintana Capital Group
Genesis Energy, L.P. (AMEX: GEL – News) today announces that Quintana Capital Group (“Quintana”), an energy-focused private-equity firm headquartered in Houston, Texas, has completed its transaction with Denbury Resources Inc. (“Denbury”; NYSE: DNR) to acquire all of Denbury Class A membership interests in our general partner for cash. As a result of this transaction, Quintana and its co-investors control our general partner, and members of the Davison family and our management team are minority investors. Certain members of the Davison family currently own approximately 30% of our outstanding common units and Denbury currently owns approximately 10% of our outstanding common units.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis engages in four business segments. [Read the full article]
Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible breaches of fiduciary duty by the Board of Directors of Airgas, Inc. (“Airgas” or the “Company”) (NYSE: ARG – News) arising out of the proposed acquisition of Airgas by Air Products & Chemicals, Inc. (“Air Products”).
On Friday, February 5, 2010, Airgas announced that it received an unsolicited offer from Air Products to acquire it in an all-cash offer pursuant to which Airgas stockholders would receive cash of $60 in exchange for each share of Airgas common stock.
The offer represents a 38% premium to the $43.53 closing price of Airgas on the day prior to the offer announcement. [Read the full article]
IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), a leading national hospitalist physician group practice company, announced today that it has acquired the hospitalist practice of Arizona Medical Services, P.C., d.b.a. Old Pueblo Medical Consultants (Old Pueblo) in Tucson, Arizona. The acquisition of Old Pueblo represents continued expansion in the Tucson market, where IPC has a long-standing presence. Practicing in 22 skilled nursing facilities and 4 assisted living facilities, Old Pueblo has an annualized volume of more than 30,000 patient encounters.
Adam Singer, M.D., Chairman and CEO, said, “The purchase of Old Pueblo, our first for 2010, continues our acquisition program at a steady pace. In 2009 we completed eight acquisitions both in existing markets and in new markets. [Read the full article]
Vinik is purchasing Tampa Bay Sports & Entertainment from a group led by Oren Koules and Len Barrie, the NHL said in a statement on its Web site Friday. The deal is contingent on approval from the league’s Board of Governors.
“I’ve been an avid hockey fan my whole life and I pledge to our fans that I will work my hardest to build the Lightning into a world class organization both on and off the ice,” said Vinik, who will have sole control of the team.
Vinik agreed to buy the team, the company that operates the St. Pete Times Forum, and two parcels of adjacent land. Financial terms were not disclosed.
“The day is a bittersweet one for us, as I believe we have established a strong foundation on the ice and begun to point things in a positive direction for the Lightning,” said Koules, chairman of OK Hockey. [Read the full article]