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Thursday August 20, 2009
A 2006 proposal to proceed with a share exchange, which would have changed the company’s organization to a holding company structure, has been abandoned by Avista Corp.’s (NYSE: AVA) board of directors. The proposal had received approval from the company’s shareholders and conditioned approvals from the Federal Energy Regulatory Commission, as well as the Washington and Idaho state utility commissions. The company was unable, however, to reach agreement on acceptable terms and conditions with interested parties in proceedings before the Public Utility Commission of Oregon.
The Board of Directors of Peoples Bancorp of North Carolina, Inc. (Nasdaq: PEBK) declared a cash dividend for the third quarter of 2009 in the amount of seven cents per share. The cash dividend will be paid on September 15, 2009 to shareholders of record September 3, 2009. Future dividend payments will be based upon the performance of the Company and will be determined each quarter by the Board of Directors.
Phase Forward (NASDAQ: PFWD), a leading provider of data management solutions for clinical trials and drug safety, today announced that it has completed its previously announced acquisition of the Interactive Voice and Web Response Services (IVRS/IWRS) business of Covance Inc. (NYSE: CVD). Phase Forward purchased the Covance business unit for $10 million in cash. As part of the transaction, Phase Forward and Covance have entered into a multi-year marketing agreement to provide Phase Forward’s market-leading InForm(TM) electronic data capture (EDC) solution and Clarix(TM) Interactive Response Technology (IRT) application as the preferred EDC and IRT solutions to Covance clients.
United Treatment Centers, Inc. (PINKSHEETS: UTRM) announced today that the company’s joint venture partner, Pump & Brush Finland Oy (P&B Finland) is expanding its manufacturing facility to meet expected demand for the Aquafree toothbrush. The ISO9000 manufacturing facility expansion is in anticipation of UTRM’s targeted broad market launch on October 15 of this year.
Bottomline Technologies (NASDAQ: EPAY) a leading provider of collaborative payment, invoice and document automation solutions, today announced that the company’s new Faster Payments solution has been used to make the industry’s first successful live, direct submission of a corporate Faster Payment into the Direct Corporate Access service.
The Board of Trustees of The Gabelli Global Deal Fund (NYSE:GDL) declared a $0.32 per share cash distribution payable on September 23, 2009 to common shareholders of record on September 16, 2009.
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