Scripps Networks Interactive Inc. (NYSE:SNI) and Virgin Media Inc. have reached an agreement that will result in Scripps Networks Interactive acquiring Virgin Media’s stake in UKTV, one of the United Kingdom’s leading multi-channel television programming companies. Scripps Networks Interactive will pay approximately �239 million to purchase Virgin Media’s 50-percent common equity interest in the UKTV partnership and also will pay about �100 million to acquire the outstanding preferred stock and debt owed by UKTV to Virgin Media. BBC Worldwide, the commercial arm and wholly owned subsidiary of the British Broadcasting Corp. (BBC), is the other 50-percent stakeholder in UKTV.
Scripps Networks Interactive is one of the leading developers of lifestyle-oriented content for television and the Internet, where on-air programming is complemented with online video, social media areas and e-commerce components on companion websites and broadband vertical channels.
Cleantech Transit, Inc. (CLNO)
Biomass can be used for fuels, power production, and products that would otherwise be made from fossil fuels. In such scenarios, biomass can provide an array of benefits.
The use of biomass energy has the potential to greatly reduce greenhouse gas emissions. Burning biomass releases about the same amount of carbon dioxide as burning fossil fuels. However, fossil fuels release carbon dioxide captured by photosynthesis millions of years ago-an essentially “new” greenhouse gas. Biomass, on the other hand, releases carbon dioxide that is largely balanced by the carbon dioxide captured in its own growth (depending how much energy was used to grow, harvest, and process the fuel).
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
Express, Inc. (NYSE:EXPR), a specialty apparel chain, announced that the Company will conduct a conference call to discuss second quarter 2011 results on Wednesday, August 24, 2011 at 4:30 p.m. Eastern Daylight Time. A press release detailing the Company’s second quarter 2011 results will be issued after the market closes and prior to the call. The conference call will be hosted by Michael Weiss, President and Chief Executive Officer, and Matthew Moellering, Chief Administrative Officer and Chief Financial Officer.
Express is a specialty apparel and accessories retailer of women’s and men’s merchandise, targeting the 20 to 30 year old customer. The Company has over 30 years of experience offering a distinct combination of fashion and quality for multiple lifestyle occasions at an attractive value addressing fashion needs across work, casual, jeanswear, and going-out occasions.
Honeywell International Inc. (NYSE:HON) announced that it has received all required regulatory approvals in connection with the previously-announced cash tender offer made by Egret Acquisition Corp., a wholly-owned subsidiary of Honeywell, to purchase all of the outstanding shares of common stock of EMS Technologies, Inc. (NASDAQ:ELMG - News), including the associated common stock purchase rights, at a price of $33.00 per share, without interest and net of applicable withholding taxes. On August 15, 2011, Honeywell received the last of the required approvals from the Federal Communications Commission in connection with the tender offer. Honeywell had previously received early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and required foreign antitrust approvals in Canada and Austria.
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide.
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