24 August 2005

purchase

WaMu Providian purchase gets regulator OK http://www.bizjournals.com/seattle/stories/2005/08/22/daily21.html?from_rss=1
Washington Mutual Inc.'s planned purchase of Providian National Bank for $6.45 billion has been approved by the federal Office of Thrift Supervision, Washington Mutual announced Wednesday.

Pacific Capital Bancorp Announces Introduction of Dividend Reinvestment and Direct Stock Purchase Program Pacific Capital Bancorp today announced the introduction of a Dividend Reinvestment and Direct Stock Purchase Plan for shareholders of the Company's common stock. The Plan enables current shareholders to automatically utilize the cash dividends paid on their common stock holdings to purchase additional shares of Pacific Capital Bancorp common stock.

Portsmouth Police Investigate Vehicle Purchase Scam http://www.wavy.com/Global/story.asp?S=3762631&nav=23iidiQ2
Portsmouth police are warning of an ongoing scam that appears to be targeting residents attempting to sell their personal vehicles.

Cedar Shopping Centers Announces Agreement to Purchase The Point at Carlisle Plaza in Carlisle, PA Cedar Shopping Centers, Inc. a real estate investment trust which owns primarily supermarket-anchored shopping centers and drug store-anchored convenience centers, today announced that it has completed due diligence for the acquisition of a shopping center known as "The Point at Carlisle Plaza" located in Carlisle, Pennsylvania.

Viseon to raise $9.4M in private placement http://www.bizjournals.com/dallas/stories/2005/08/15/daily34.html?from_rss=1
Viseon Inc. plans to raise $9.4 million through a private offering of convertible preferred stock and warrants to purchase stock.

Bidding heats up (again) for Beverly
Increasing its original offer by 20 cents per share, North American Senior Care Inc. and Beverly Enterprises Inc. forged an amended agreement on Wednesday, Aug. 24, for North American Senior Care's purchase of Beverly at $13 per share, bringing the acquisition price to more than $1.9 billion, including $339 million in Beverly debt.

Meritage buys Florida home builder http://www.bizjournals.com/phoenix/stories/2005/08/22/daily27.html?from_rss=1
Meritage Homes Corp. has an agreement in hand to purchase privately held Florida home builder Greater Homes Inc., Meritage said Wednesday.

New South's UmbrellaBank.com sees bigtime growth http://www.bizjournals.com/birmingham/stories/2005/08/22/daily22.html?from_rss=1
New South Federal Savings Bank's online banking operation, UmbrellaBank.com , has more than doubled its assets in the year since its purchase by the Birmingham-based bank.

CIMB, Mapletree to buy CP Tower http://biz.thestar.com.my/news/story.asp?file=/2005/8/25/business/11865876&sec=business
CIMB-MAPLETREE Sdn Bhd, a joint venture between CIMB Bhd and Singapore’s Mapletree Investments Pte Ltd, will acquire the 22-storey CP Tower in Petaling Jaya, following a conditional sale and purchase agreement with the property’s majority owner, Casapark Sdn Bhd.

Updates, advisories and surprises
http://www.investors.com/breakingnews.asp?journalid=31170128&brk=1
Business Objects completes SRC Software purchase (6:38 PM ET) SAN FRANCISCO (MarketWatch) -- Business Objects SA(BOBJ)(FR:012074FR:012074)said Wednesday evening that it has completed its $100 million purchase of privately held SRC Software.

2005