| TXCO Resources raising $55 million in private placement
TXCO Resources Inc. has entered into a private placement agreement involving 55,000 shares of Series C perpetual convertible preferred stock, the company said Wednesday. San Antonio-based TXCO Resources (NASDAQ: TXCO) expects to raise $55 million from the private placement offering. The closing and funding should occur either on or before Nov. 26. Lazard Freres & Co. LLC served as the lead placement agent in the private offering. BMO Capital Markets Corp. and Scotia Capital (USA) Inc. served as co-placement agents. The preferred stock is convertible to TXCO common stock at $14.48 per share, according to company officials. Under the terms of the private placement, the preferred stockholders are entitled to dividends of 6.5 percent per annum.
Appraisals Can Be Good Experience
Giving employees annual performance reviews or appraisals can be one of a small business owner's most dreaded tasks. Doing them more often and going into the process with a positive rather than punitive attitude can make a review much less of an ordeal. .
Consumer Take Up of Triple Play Accelerates Strongly in Germany
DUBLIN, Ireland, BUSINESS WIRE -- Research and Markets (http://www.researchandmarkets.com/reports/c74997) has announced the addition of 2007 Europe - Telecoms, Mobile and Broadband in Germany and Austria to their offering. This report covers Germany and Austria, two key and influential European telecom markets. Trends and developments in telecommunications, mobile, Internet, broadband, digital TV and converging media including VoIP, VoD and IPTV developments. Subjects include: -- Market and industry analyses, trends and developments -- Facts, figures and statistics -- Industry and regulatory issues -- Research, Marketing, Benchmarking -- Major Players, Revenues, Subscribers, Prepaid -- VoIP, IPTV, VoD, digital TV and DTTV -- Convergent media Executive Summary BuddeComm's latest Germany and Austria Annual Publication, '2007 Telecoms, Mobile and Broadband in Germany and Austria', profiles two of Europe's major telecom markets.
SCO drops plan to sell Unix business
Software vendor The SCO Group has dropped plans to sell its disputed Unix business to a private investment group.. The company, which has filed for Chapter 11 protection, earlier this month asked the bankruptcy court for permission to sell assets related to its Unix software and mobile technology businesses to York Capital Management for US$36 million. SCO on Tuesday withdrew the request, according to a brief document filed with the District of Delaware bankruptcy court. SCO did not provide a reason for the change of heart. IBM and Novell had previously asked the bankruptcy court to block the proposed sale. IBM, one of SCO's creditors, said in an earlier court filing that SCO shouldn't be allowed to sell off its assets in part because Chapter 11 is meant to give cash-strapped companies a chance to reorganize -- not liquidate their assets.
BUSINESS IN BRIEF 21/11
The Phuong Nam Joint Stock Commercial Bank (Southern Bank) and a leading financial services company from the Republic of Korea on November 19 signed an agreement to work together to improve the financial activities of the local bank.
Seung Yu Kim, Hana's board chairman and chief executive officer, said Southern Bank had a strong network and excellent long-term strategies and objectives.
With a target to become a multifunctional financial group in Viet Nam and the region, Southern Bank wants to step up cooperation with local and foreign financial services giants, said a bank executive.
The bank's total asset values are 18 trillion VND (1.13 billion USD) on a gross outstanding debt of 4.74 trillion VND (296.3 million USD), with chartered capital of 1.29 trillion VND (80.6 million USD).
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