| Restoration Hardware Enters Into Amendment to Merger Agreement With ...
CORTE MADERA, Calif., Jan. 24 /PRNewswire-FirstCall/ -- Restoration Hardware, Inc. (NASDAQ: RSTO) today announced that it has entered into an amendment to its previously announced merger agreement with certain affiliates of Catterton Partners. Under the terms of the amended merger agreement, all of the outstanding shares of Restoration Hardware, other than those exchanged by certain stockholders participating with Catterton Partners in the transaction, will be acquired for a price per share equal to $4.50 in cash. The $4.50 per share cash consideration represents a 68% premium to the closing price of Restoration Hardware common stock on November 7, 2007, the last trading day prior to the initial announcement of the original merger agreement. The total equity value of the transaction is approximately $179 million.
Local Financial Services Industry Laying Off By The Hundreds
Financial services, a growth industry for the local economy in recent years, has been cutting staff at a faster rate this year as the upheaval in the mortgage-lending sector continues. On top of cuts inflicted at mortgage banks and brokerages, the student loan industry is cutting staff in reaction to changes in the federal subsidies granted to private lenders. Through the end of September, 1,500 jobs have been pared from the payrolls of San Diego financial services employers over the previous 12 months, according to the most recent report from the state Employment Development Department. Most are related to the national slowdown in the housing market. For example, Accredited Home Lenders Holding Co. cut about three-fourths of its staff starting this year, to 1,000 from 4,000 at the end of last year.
Stars -- Horoscope
Think big. Low expectations can only lead to poor results. Someone will decide it's impossible to live without you. TAURUS (April 20-May 20). There's something you have to let go of in order to experience the best of what's out there for you. Small acts of kindness are rewarded, but in an indirect way. GEMINI (May 21-June 21). The spirit of enterprise rises in you. It's tempting to spend money on unnecessary equipment when what you really need is a business plan. CANCER (June 22-July 22). Your attitude matters more than what happens to you. Get out of a bad situation now or you won't be ready when a better one comes along. LEO (July 23-Aug. 22). Spur-of-the-moment meetings and encounters are auspicious. Speak your mind to those more powerful than you. VIRGO (Aug.
Hispanic Association on Corporate Responsibility Recognizes Two Sallie ...
(CSRwire) RESTON, Va., Nov. 8 /PRNewswire/ -- Sallie Mae, the nation's leading saving- and paying-for-college company, is pleased to announce that Pete Sanchez, director of Servicing Process Excellence, and Carolina Martin, vice president of Hispanic Initiatives, were honored with a Young Hispanic Corporate Achievers award from the Hispanic Association on Corporate Responsibility (HACR). HACR is a coalition of the nation's most influential community-based organizations. (Logo: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a) Sanchez and Martin are among 28 young professional executives from across the country who were selected as part of HACR's inaugural Young Hispanic Corporate Achievers (YHCA) program. A review of the candidates' accomplishments, established leadership qualities, industry expertise, education and employment experiences, as well as a demonstrated commitment to their communities, was conducted to select each honoree.
Hidden deals distort market
Hidden deals distort market Disguised incentives skew property values as the paperwork no longer accurately reflects what buyers paid. James R. Hagerty and Michael Corkery / Wall Street Journal PARKER, Colo. -- As the housing market slump deepens, disguised discounts are making it harder to tell exactly how much people are paying for homes. Buyers, sellers and other market participants typically monitor fluctuating home values through sale records that legally have to be listed with county clerks. But incentives offered to buyers -- ranging from free cars or furniture to cash rebates -- are making those prices less reliable as a sign of what buyers actually paid, netting out the giveaways. And that may be misleading lenders and people shopping for homes, some real-estate lawyers and appraisers warn.
It was merriment all the way
Barriers, too, were set up at strategic places. As the cops dealt with the rowdy crowd in the city, some negotiated the sharp curves on their way uphill. Bottlenecks and traffic jams at Pinjore and Kalka, however, forced more than a few to take a u-turn. Hotels and restaurants The celebrations were nothing less than global in the hotels with Russian pole dancers and reed-thin celebes of the fashion world making the party-goers dance to their tunes. At the terrace hall of the Taj, it was nothing less than the Oscars night. As the partying crowd left behind their vehicles at the, lens men on either side of the red carpet tried to capture memories for them even as the bouncers made faux attempts to keep them away. Inside the hall, it was pulsating music DJ Loch. In the grand ballroom, it was cutting the rug with Latino dancers.
|
