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Cyberonics Presentation Scheduled for Sidoti Emerging Growth Conference PDF Print E-mail
Monday, 22 March 2010 17:43

Cyberonics, Inc. (NASDAQ: CYBX) will be making a presentation at the Sidoti & Co. 14th Annual Emerging Growth NY Institutional Investor Conference. The company’s CFO, Gregory H. Browne, will host their presentation.

The company is scheduled to deliver their presentation at 10:00am (EDT) on March 23, 2010. Presentation slides will be made available at 8:00am (EDT) on the morning of the event through the company’s website.

Cyberonics, Inc. (NASDAQ:CYBX) is a medical technology company with core expertise in neuromodulation. The company developed and markets the Vagus Nerve Stimulation (VNS) Therapy System, which is FDA-approved for the treatment of refractory epilepsy and treatment-resistant depression.

Thresher Industries Announces Conference Call

HANFORD, Calif., March 22 /PRNewswire-FirstCall/ -- Thresher Industries (Pink Sheets: THRR) is announcing it has finalized its plans for a conference call to investors.  The conference call is for shareholders and interested parties, to clarify the offer received on March 9, 2010 to purchase Thresher Industries.  Roger Rowell, the company's CFO, will speak, as well as the company's Securities Counsel.  The call is scheduled to take place at 11:00AM PDT on Wednesday, March 24, 2010.  Thresher will have the call in information posted on its website www.thresherindustries.com.

About Thresher Industries, Inc.

Thresher Industries, Inc. is a leading manufacturer of low carbon footprint conventional and custom machined die castings made from 100% recycled aluminum and metal matrix composites. Based in Hanford, California, the Company operates an ISO 9000-compliant, "green" foundry that integrates bio-degradable technologies and processes to lower the economic and environmental costs of production. Thresher offers full engineering support, designing, and prototype development to a variety of industries including: agriculture, aerospace, defense, transportation, and automotive in the U.S. and Europe. For more information, visit http://www.thresherindustries.com.

Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

 
Yum Brands Inc (NYSE:YUM) Declares Quarterly Dividend PDF Print E-mail
Monday, 15 March 2010 19:14

Yum! Brands, Inc. (NYSE:YUM) has declared a quarterly dividend of $0.21 per share of common stock. The quarterly dividend will be payable on May 7, 2010. The record date is April 16, 2010. The company’s Board of Directors has also announced the authorization of $300 million in share repurchases over the next 12 months. $300 million in share repurchases was previously approved by the Board in September 2009.

YUM! Brands, Inc. (YUM) is a quick service restaurant (QSR) with over approximately 37,000 units in more than 110 countries and territories. Through the five concepts of KFC, Pizza Hut, Taco Bell, LJS and A&W (the Concepts), the Company develops, operates, franchises and licenses a worldwide system of restaurants, which prepare, package and sell a menu of food items. In addition, the Company owns non-controlling interests in entities in China who operate similar to franchisees of KFC and a non-controlling interest in Little Sheep, a Hot Pot concept. YUM operates in six segments: KFC-U.S., Pizza Hut-U.S., Taco Bell-U.S., Long John Silver’s (LJS)-U.S. and A&W All American Food Restaurants (A&W)-U.S., YUM Restaurants International (YRI or International Division), and YUM Restaurants China (China Division). On May 4, 2009, it acquired an additional 7% interest in the entity that operates more than 200 KFCs in Shanghai, China.

Thresher Industries Inc.

Thresher Industries Board of Directors Approves Sale of Company

HANFORD, Calif., March 15 -- Subsequent to a special meeting of the Board of Directors of Thresher Industries (Pink Sheets: THRR), it was announced today that the proposed offer to sell the company was approved. As previously reported, Thresher Industries received a letter of intent to buy their company on March 9, 2010. In the opinion of the members of the board this offer represents an extremely attractive package with a suggested settlement that is significantly above the current market price range. Corporate attorneys for Thresher Industries will report to the board members no later than March 16th as to whether a meeting of the shareholders will be required. The Board of Directors will recommend to the shareholders that they accept and ratify the sale. The details of this offer will be announced on Tuesday, March 16th 2010.

 
SL Green Realty Corp (NYSE:SLG) Announces Sale of Senior Notes PDF Print E-mail
Monday, 15 March 2010 19:13

SL Green Realty Corp (NYSE:SLG) has announced the sale of 7.75% of its senior unsecured notes due March 15, 2010. The notes were priced at $250 million. Net proceeds from the sale are anticipated to reach $246.4 million. The estimated price is after underwriting discounts and commissions, in addition to the company’s estimated fees and expenses. The offering is expected to close on March 16, 2010. The proceeds will be used to fund the company’s tender offer for certain outstanding notes of Reckson and SL Green OP. The remaining proceeds will be used for general corporate purposes and working capital purposes.

SL Green Realty Corp. is a self-managed real estate investment trust (REIT), with in-house capabilities in property management, acquisitions, financing, development, construction and leasing. The Company operates under two segments: real estate and structured finance investments. As of December 31, 2009, the Company owned interests in commercial office properties in the New York Metro area, primarily in midtown Manhattan. Its investments in the New York Metro area also include investments in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey, known as the Suburban properties.

Thresher Industries Inc.

Thresher Industries Board of Directors Approves Sale of Company

HANFORD, Calif., March 15 -- Subsequent to a special meeting of the Board of Directors of Thresher Industries (Pink Sheets: THRR), it was announced today that the proposed offer to sell the company was approved. As previously reported, Thresher Industries received a letter of intent to buy their company on March 9, 2010. In the opinion of the members of the board this offer represents an extremely attractive package with a suggested settlement that is significantly above the current market price range. Corporate attorneys for Thresher Industries will report to the board members no later than March 16th as to whether a meeting of the shareholders will be required. The Board of Directors will recommend to the shareholders that they accept and ratify the sale. The details of this offer will be announced on Tuesday, March 16th 2010.

 
Bank of Florida Corporation (NASDAQ:BOFL) Announces Public Offering PDF Print E-mail
Monday, 15 March 2010 19:11

Bank of Florida Corporation (NASDAQ:BOFL) has announced a public offering to sell it’s shares of common stock. The offering is expected to raise $45 million. It consists of two components, a rights offering and a supplemental, best efforts offering. The acting dealer manager and lead placement agent for the offering is Kendrick Pierce & Co. A statement related to the shares of the company’s common stock to be sold in the offering has been filed with the Securities and Exchange Commission (SEC), although it has not yet become effective. The statement on Form S-1 can be found online at www.sec.gov.

Bank of Florida Corporation, formerly Bancshares of Florida, Inc., serves as a holding company for Bank of Florida – Southwest. Bank of Florida – Southwest, Bank of Florida – Southeast, Bank of Florida – Tampa Bay (collectively the Banks). The Banks offer a range of interest bearing and non-interest bearing accounts, including commercial and retail checking accounts, money market accounts, individual retirement accounts, regular interest bearing statement savings accounts and certificates of deposit. Bank of Florida Corporation and its subsidiaries are (collectively Company). The Trust Company offers and provides its customers wealth management services, including fiduciary services, as a trustee, personal representative, administrator, guardian, custodian of funds, asset manager (with and without discretion) and investment advisor.

Thresher Industries Inc.

Thresher Industries Board of Directors Approves Sale of Company

HANFORD, Calif., March 15 -- Subsequent to a special meeting of the Board of Directors of Thresher Industries (Pink Sheets: THRR), it was announced today that the proposed offer to sell the company was approved. As previously reported, Thresher Industries received a letter of intent to buy their company on March 9, 2010. In the opinion of the members of the board this offer represents an extremely attractive package with a suggested settlement that is significantly above the current market price range. Corporate attorneys for Thresher Industries will report to the board members no later than March 16th as to whether a meeting of the shareholders will be required. The Board of Directors will recommend to the shareholders that they accept and ratify the sale. The details of this offer will be announced on Tuesday, March 16th 2010.

 
Medtronic Inc (NYSE:MDT) Announces Public Offering, News On THRR PDF Print E-mail
Monday, 15 March 2010 19:06

Medtronic, Inc. (NYSE:MDT) has announced a public offering of its senior notes. The offering includes $1.25 billion of the company’s 3.0% Senior Notes due 2015, $1.25 billion of its 4.45% Senior Notes due 2020, and $500 million of its 5.55% Senior Notes due 2040. The net proceeds from the offering will be used for working capital and general corporate purposes, including the repayment of its indebtedness. The Notes being offered are senior unsecured and unsubordinated obligations of the company. They will rank equally with the company’s existing and future senior unsecured debt and senior to the company’s subordinated debt.

Medtronic, Inc. (Medtronic) is a global player in medical technology. The Company operates in seven segments that manufacture and sell device-based medical therapies: Cardiac Rhythm Disease Management, Spinal, CardioVascular, Neuromodulation, Diabetes, Surgical Technologies and Physio-Control. Through these seven segments, the Company develops, manufactures and markets its medical devices in more than 120 countries. Its primary products include those for cardiac rhythm disorders, cardiovascular disease, neurological disorders, spinal conditions and musculoskeletal trauma, urological and digestive disorders, diabetes, and ear, nose and throat conditions. The primary markets for products are the United States, Western Europe and Japan. In July 2008, it acquired Restore Medical, Inc. In November 2008, Medtronic acquired CryoCath Technologies Inc. In February 2009, it acquired Ablation Frontiers, Inc. and Ventor Technologies Ltd. In April 2009, Medtronic acquired CoreValve, Inc.

Thresher Industries Inc.

Thresher Industries Board of Directors Approves Sale of Company

HANFORD, Calif., March 15 -- Subsequent to a special meeting of the Board of Directors of Thresher Industries (Pink Sheets: THRR), it was announced today that the proposed offer to sell the company was approved. As previously reported, Thresher Industries received a letter of intent to buy their company on March 9, 2010. In the opinion of the members of the board this offer represents an extremely attractive package with a suggested settlement that is significantly above the current market price range. Corporate attorneys for Thresher Industries will report to the board members no later than March 16th as to whether a meeting of the shareholders will be required. The Board of Directors will recommend to the shareholders that they accept and ratify the sale. The details of this offer will be announced on Tuesday, March 16th 2010.

 


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