Korn/Ferry Acquires SENSA Solutions

–(www.FinancialNewsUSA.com)– 01/04/2010 – Mergers and Acquisitions industry news provided by Financial News USA. Korn/Ferry International (NYSE: KFY), a premier global provider of talent management solutions, today announced that it has acquired McLean, Va.-based SENSA Solutions, a leading management consulting firm widely respected for its leadership and organizational development solutions utilized by U.S. federal agencies.

Financial terms of the transaction were not disclosed.  Korn/Ferry anticipates that the acquisition of SENSA will be accretive to earnings within the first 12-18 months of ownership.

Founded in 1996, SENSA is widely recognized for its deep U.S. [Read the full article]

Minnesota Power, an ALLETE company (NYSE: ALE – News), has finalized the purchase of a 465-mile transmission line, signaling a new era of renewable energy transport and development for the Company.

For approximately $70 million, Minnesota Power has acquired a 250-kilovolt line connecting Center, N.D. with its Arrowhead Substation in Hermantown, Minn.

Purchase of the direct current (DC) transmission line from the Square Butte Electric Cooperative will further Minnesota Powerâ€(TM)s long range plan to bring more renewable energy into its system. The company plans to develop several hundred megawatts of new wind generation in North Dakota and deliver wind-fueled electricity to customers via the DC line.

Minnesota Power is already laying the groundwork for construction of its Bison wind farm, a 75-megawatt installation near New Salem, N.D. [Read the full article]

Prophecy Resource Corp. (TSX.V: PCY) is pleased to announce that, further to its news release dated October 21, 2009, it has received TSX Venture Exchange approval to the terms of an option agreement with Victory Nickel Inc. (TSX.T: NI) whereby Prophecy has the right to acquire a 100% interest in the Lynn Lake Nickel-Copper Project located in Manitoba, Canada. Under the terms of the option agreement, Prophecy has issued 2,419,548 shares in its capital and has paid cash consideration to date of $300,000 to Victory.

The Lynn Lake Project is located in the historic mining town of Lynn Lake in northern Manitoba, about 320 kilometres by road access northwest of the Thompson mining camp. The property is the former Sherritt Gordon Mines Limited mine site known as the Lynn Lake A mine and Farley mine, comprised of 30 mineral leases covering an area of 590 hectares. [Read the full article]

Horsehead Holding Corp. (“Horsehead”) (Nasdaq: ZINC), the parent company of Horsehead Corporation, a leading U.S. producer of specialty zinc and zinc-based products and a leading recycler of electric arc furnace (“EAF”) dust, a listed hazardous waste, announced that on December 31, 2009 it closed on its acquisition of INMETCO, a leading recycler of metals-bearing wastes in North America.  Based in Ellwood City, PA, INMETCO employs 108 people and operates the only secondary smelter in North America dedicated to recycling nickel, chromium and other metals from hazardous and non-hazardous wastes generated mostly by stainless steel and specialty metals producers.  INMETCO is also a leading processer of nickel-cadmium (NiCd) batteries, and its process has been recognized by the U.S. EPA as the Best Demonstrated Available Technology for the recycling of NiCd batteries. [Read the full article] About Financial News USA

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