Viper Club of America Agrees to Acquire Parts for Iconic Exotic Directly from Dodge
Reinforcing Dodge brand’s leadership in customer focus and performance vehicles, new agreement preserves historic and excess Viper-specific parts inventory
The Viper Club of America, the Dodge Viper ownership group that has represented over 25,000 members and countless other Viper owners from around the world since the mid-1990’s, announces a historic agreement to acquire select Viper parts, accessories and rare historical items directly from the manufacturer.
The agreement announced today covers historic parts such as painted body panels from the Viper Competition Coupe that raced F-16 jets at Luke Air Force Base and select excess inventory items from the Conner Assembly Plant in Detroit, where the iconic Viper is still being built today. [Read the full article]
Financial Federal Corporation (NYSE: FIF – News) today announced at its special meeting of stockholders this morning, its stockholders approved the merger of Financial Federal with People’s United Financial, Inc.The holders of approximately 81% of the outstanding shares of Financial Federal common stock entitled to vote approved the merger. The merger is expected to close February 19, 2010, pending customary closing conditions.
Financial Federal (financialfederal.com) is a financial services company providing collateralized lending, financing and leasing services nationwide to small and medium sized businesses in the general construction, road and infrastructure construction and repair, road transportation and refuse industries. [Read the full article]
Simon Property Group, the nation’s largest shopping mall owner, made a $10 billion hostile bid Tuesday to acquire ailing rival General Growth Properties.
The acquisition would allow General Growth, the No. 2 owner of shopping centers, to emerge from Chapter 11 bankruptcy protection. General Growth filed for bankruptcy last year after buckling under the weight of billions in debt it racked up during a massive expansion effort fueled by cheap credit.
The move is Simon’s second major acquisition in three months. In December, Simon offered $700 million in cash and stock to buy more than 60 outlet shopping centers from another competitor, Prime Outlets Acquisition Co.
Simon is using its comfortable cash cushion and credit lines to take advantage of falling commercial property values, which are off 40 percent from their peak in 2007. [Read the full article]
Zygo Corp., which makes optical components and fiber optic network modules, on Tuesday said its board of directors rejected a $169.9 million buyout offer from II-VI Inc.
The board said Zygo is not for sale, and the offer of $10 per share is not in the best interests of its shareholders.
II-VI, which makes industrial and military components, made its unsolicited bid in early January. At the time, its offer represented a 36 percent premium to Zygo’s most recent closing price.
In afternoon trading, Zygo shares fell 98 cents, or 9.3 percent, to $9.62. They have ranged from $3.06 to $10.97 over the past year. [Read the full article]