Business News
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.

 
Denbury Resources Inc (NYSE:DNR) Begins Change of Control Offers of Encore Acquisition Company and THRR NEWS PDF Print E-mail
Monday, 15 March 2010 19:00

Denbury Resources, Inc. (NYSE:DNR) has commenced change of control offers for the purchase of all remaining outstanding senior subordinated notes of Encore Acquisition Company. The notes include Encore’s 6.25% Senior subordinated Notes due 2014, 6.0% Senior Subordinated Notes due 2015, 9.5% Senior Subordinated Notes due 2016, and 7.25% Senior Subordinated Notes due 2017. The Notes were announced pursuant to the terms and conditions of the Notice of Change of Control and Offer to Purchase Statement, dated March 12, 2010. The offers are set to expire on April 8, 2010 at 11:59 pm ET. Denbury reserves the right to terminate, withdraw, or amend the offers at any time.

Denbury Resources Inc. (Denbury) is engaged in the acquisition, development, operation and exploration of oil and natural gas properties in the Gulf Coast region of the United States, primarily in Mississippi, Louisiana, Texas and Alabama. On February 5, 2010, the Company sold Genesis Energy, LLC. In March 2010, the Company acquired Encore Acquisition Company.

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.

 
BioMedical Technology Solutions Places Demolizer II System at Altus Air Force Base PDF Print E-mail
Tuesday, 09 March 2010 19:35

BioMedical Technology Solutions, Inc. (OTC Bulletin Board: BMTL) has placed its Demolizer II System at Altus Air Force base, the home of the 97th Air Mobility Wing in Southern Oklahoma.

This enhances the use of the Demolizer technology at military bases for onsite treatment of sharps and typical red bag waste. The Demolizer II provides a simple, safe and environmentally friendly means to manage medical waste generated in support of the deployment, training and care of U.S. military personnel.

BioMedical Technology Solutions Holdings, Inc., located in Englewood, Colorado, sells the Demolizer® II through its wholly owned subsidiary BioMedical Technology Solutions, Inc. BMTS' patented Demolizer® Technology converts infectious biomedical waste into non-infectious material.

 
Actuate Corporation to Deliver Presentation at ROTH 22nd Annual OC Growth Stock Conference PDF Print E-mail
Tuesday, 09 March 2010 19:33

Actuate Corporation (NASDAQ: ACTU) will be giving a presentation at the ROTH Capital Partners 22nd Annual OC Growth Stock Conference. The company’s President and CEO, Pete Cittadini, and Senior VP Operations and CFO, Dan Gaudreau, will host their presentation.

The conference is being held in Dana Point, CA at The Ritz Carlton Hotel. The company is scheduled to deliver their presentation at 12:30pm (PT) on March 15, 2010. A webcast of the presentation will be made available through the company’s website.

Actuate founded and continues to co-lead the Eclipse BIRT open source project. BIRT is the premier development environment for Rich Information Applications that present data in compelling and interactive ways via the web on any device.

 
Recon Technology Receives $1.2 Million from Four New Orders from CNPC PDF Print E-mail
Tuesday, 09 March 2010 19:32

Recon Technology, Ltd. (NASDAQ: RCON) has received around $1.2 million in 4 new equipment and chemical orders from China National Petroleum Corporation (CNPC).

Recon received about a $219,000 order from the CNPC Changqing Sulige Gas Field in Inner Mongolia. This order includes gas and oil field chemicals, including gas well cleanup additive, clay stabilizer, crosslinking agent, foaming agent and bactericides.

The company also received approximately a $333,000 order from CNPC Tuha Oilfield and a $254,000 order from the CNPC for the First Extraction Plant of Huabei Oilfield.

Lastly, Recon was awarded a $348,000 order from CNPC for the 4th and 5th Extraction Plants of Huabei Oilfield for burners and horizontal furnaces.

Recon Technology, Ltd. has been providing leading Chinese oil and gas companies with automation services that increase efficiency and profitability in exploring, extracting, producing, processing, refining and transporting petroleum products for over 10 years.

 


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