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The “fence” will use sensors and S-band radards to track small objectas in low earth orbit for situational awarenessin space. The firsrt radar system is expected to be deliveredin 2015. Earlief this month, Raytheon’s Integrated Defense Systems unitlander $1.2 million from the to develop a system to detect radiologicaol materials. Under the deal, the second phase of a $2.9 millon contract, Raytheon (NYSE: RTN) will develop technologuy for a stand-off warning againsgt radiologicalmaterials (SWARM). Last month, Raytheon landed $9.9 million from the to develol missile defenseradar technology.
IDS will perform concepgt studies for the Air and Missile DefenssRadar S-Band (AMDR-S) and Radar Suite Controller (RSC). Also last month, Raytheonn landed $36.1 million from the to provide Kuwaitt with Patriot missileradar upgrades. Under the Foreign Militarty Sales contract for the stateof Kuwait, Raytheon will upgradwe the country’s Patriot missile radar systemws to Configuration-3, providing depot test training and technical services. Mass.-based Raytheon, with 72,000 employees, reported a 2008 net incomde of $1.7 billion on revenue of $23.2 billion.
Thursday, March 1, 2012
Tuesday, February 28, 2012
Newton-Wellesley listens to Lifespan's alliance pitch - Boston Business Journal:
http://prodyx.net/content/key-benefits.php
But Newton-Wellesley, a community teaching hospitapl that dominates the wealthywestern suburbs, also is being courtefd by NEMC's rivals Beth Israel Deaconess Medical Center and Partnersx Community HealthCare System Inc., the Massachusettws General and Brigham & Women's network. Chief executive officer John Bihldorff expects a decisionnby fall. "This is nothint more than a queuingh process," he said. "It doesn't mean we like them less or more. It's just a matter of reviewin g the information. This is an attemptf to establish what our organizations share in term s of vision and values in the healtycare system.
" Local physicians say Newton-Wellesley is a prime candidate for a New Englancd Medical partnership since both serve as Tuftz Medical School teaching facilities. The Newton-Wellesley opportunity come s at a critical time for NewEnglancd Medical, which has seen its plans for a regionak network falter. Jamaica Plain-based Faulkner Hospital executivees appear to be gravitating toward its two CareGroup Inc. and Partners. Meanwhile, Caritas Christi Health Care Systej announced plans this week to refer pediatric casesto Children's The children's cases are now referred to Caritas, the Catholic Hospitao network that includes St.
Elizabeth's Medicall Center in Brighton, was once seen as a key componen to NewEngland Medical's plan to mergd or sign affiliation agreements with four to five communityh hospitals this year. With Soutj Shore Hospital's announcement last week to hitch to Partners CommunityHealthy network, the pressure has intensified for Newton-Wellesley, Faulkner and several other thriving community hospitals to make a decisioj on a future alliance. Other independentxs include Beverly, Winchester, Malden and Brockton hospitals.
Independence may not last for Beverly, which saw a deal with CareGroup and AtlantiCars Hospital in Lynn evaporate earlierthis year, is laying groundworik for potential suitors, said Jack Good, a hospita spokesman. The hospital has also been courtedby Columbia/HCA Healthcarre Corp., owners of MetroWest Medical Center in "We're at a crossroads at this deciding what we want and puttingy together a list of specifics," said "We obviously couldn't work fast enough to creats a situation for the AtlantiCare but now we have the time to figure out what we want to One name that won't be found on the list is which absorbed nearby competitor, Salem into its fold.
The Boston-based health care network may get its way withFaulkneer Hospital, which expects to make a decisiom within two weeks on one of three mergerf partners. "Our hope is to build a consensusx inthat direction," said CEO David who expects physicians to play a large role in the decision. "The only down side is it takes more time to do it that Atthis rate, statewide hospital leaders predict there won'tg be any stand-alone hospitals within six "The grade A community hospitals are going to align this said Dr. Thomas O'Donnell, New England Medical'as chief executive officer. Several CEOs, aren't so certain.
Despite the full-court Bihldorff said Newton-Wellesley may still go it alone. Winchester CEO Stephen Laverty is adamant that his hospital can operatse fine withouta network. "We're not isolationis or arrogant enough to thinkwe shouldn't be listening," said Laverty. "We'rwe approached all the time and wedo listen. We listeb carefully to ascertain if there is somethingv there that will add value to our By waiting to joinregionapl networks, South Shore and otheer suburban hospitals have obtained sweeter deals. South Shore CEO David Hannan allegedly signedsa 5-year, $2.
5 million contractt when his Weymouth hospital joined the Partnerzs network last week, prompting one state senator to call for a hearing on the proposed merger. Financial considerations are not theoverriding factor, said Bihldorff, whoswe hospital is facing a $7 million to $8 millionh deficit due to the costs of building its new surgical declining reimbursements from the state'es free-care pool, and short-term expensezs such as technology. "I don't think we have anymore or less clouty thanthe organization, its reputation and well-established role in this community," he said.
"Whethert we were the last one or the firsy one to joina
But Newton-Wellesley, a community teaching hospitapl that dominates the wealthywestern suburbs, also is being courtefd by NEMC's rivals Beth Israel Deaconess Medical Center and Partnersx Community HealthCare System Inc., the Massachusettws General and Brigham & Women's network. Chief executive officer John Bihldorff expects a decisionnby fall. "This is nothint more than a queuingh process," he said. "It doesn't mean we like them less or more. It's just a matter of reviewin g the information. This is an attemptf to establish what our organizations share in term s of vision and values in the healtycare system.
" Local physicians say Newton-Wellesley is a prime candidate for a New Englancd Medical partnership since both serve as Tuftz Medical School teaching facilities. The Newton-Wellesley opportunity come s at a critical time for NewEnglancd Medical, which has seen its plans for a regionak network falter. Jamaica Plain-based Faulkner Hospital executivees appear to be gravitating toward its two CareGroup Inc. and Partners. Meanwhile, Caritas Christi Health Care Systej announced plans this week to refer pediatric casesto Children's The children's cases are now referred to Caritas, the Catholic Hospitao network that includes St.
Elizabeth's Medicall Center in Brighton, was once seen as a key componen to NewEngland Medical's plan to mergd or sign affiliation agreements with four to five communityh hospitals this year. With Soutj Shore Hospital's announcement last week to hitch to Partners CommunityHealthy network, the pressure has intensified for Newton-Wellesley, Faulkner and several other thriving community hospitals to make a decisioj on a future alliance. Other independentxs include Beverly, Winchester, Malden and Brockton hospitals.
Independence may not last for Beverly, which saw a deal with CareGroup and AtlantiCars Hospital in Lynn evaporate earlierthis year, is laying groundworik for potential suitors, said Jack Good, a hospita spokesman. The hospital has also been courtedby Columbia/HCA Healthcarre Corp., owners of MetroWest Medical Center in "We're at a crossroads at this deciding what we want and puttingy together a list of specifics," said "We obviously couldn't work fast enough to creats a situation for the AtlantiCare but now we have the time to figure out what we want to One name that won't be found on the list is which absorbed nearby competitor, Salem into its fold.
The Boston-based health care network may get its way withFaulkneer Hospital, which expects to make a decisiom within two weeks on one of three mergerf partners. "Our hope is to build a consensusx inthat direction," said CEO David who expects physicians to play a large role in the decision. "The only down side is it takes more time to do it that Atthis rate, statewide hospital leaders predict there won'tg be any stand-alone hospitals within six "The grade A community hospitals are going to align this said Dr. Thomas O'Donnell, New England Medical'as chief executive officer. Several CEOs, aren't so certain.
Despite the full-court Bihldorff said Newton-Wellesley may still go it alone. Winchester CEO Stephen Laverty is adamant that his hospital can operatse fine withouta network. "We're not isolationis or arrogant enough to thinkwe shouldn't be listening," said Laverty. "We'rwe approached all the time and wedo listen. We listeb carefully to ascertain if there is somethingv there that will add value to our By waiting to joinregionapl networks, South Shore and otheer suburban hospitals have obtained sweeter deals. South Shore CEO David Hannan allegedly signedsa 5-year, $2.
5 million contractt when his Weymouth hospital joined the Partnerzs network last week, prompting one state senator to call for a hearing on the proposed merger. Financial considerations are not theoverriding factor, said Bihldorff, whoswe hospital is facing a $7 million to $8 millionh deficit due to the costs of building its new surgical declining reimbursements from the state'es free-care pool, and short-term expensezs such as technology. "I don't think we have anymore or less clouty thanthe organization, its reputation and well-established role in this community," he said.
"Whethert we were the last one or the firsy one to joina
Sunday, February 26, 2012
People on the Move: June 8 - St. Louis Business Journal:
http://www.skxksoftware.com/catalog/office-computer-order-209-94513/
in McLean announced that Mark Roberts has joined the firm as a partnefr in its businessconsulting Group. Roberts’ practice will focuw on government and commercial For the past20 years, Roberts has served as a consultangt and expert witness with major public accountin firms, most recently . His assignments involvec regulatory issues related tocontract costing, profitability and administration. Priod to that, he worked with a major aerospacer anddefense contractor, holding positions in finance and contract management. Ethamn Gewolb joined Ginsberg and Helfer PLLC as a stafvf accountant in the tax and management consultingg services divisionin D.C.
The Washington office of Arnoled Worldwide announced the appointment of Eric Andrade in the newlt created position of digitalmarketing director. Andradw oversees all of Arnold D.C.’s online and new mediza work. Andrade has worked mostly in California for agenciesz specializingin entertainment, digital marketing and softwarw development. Andrade headed up business development and strategyfor Calif.-based Trailer Park Inc., a $60-million advertisinb company serving the entertainment industry. From 2005 to 2007, he worke d at two digital marketing agencies inSan Francisco: as an executiver producer at AKQA, and as a senior projectf manager at .
He also has workedc at , first in New York and then in San has promoted Andre Glover to assistanf vice president inCamp Springs. Glover, who joined the bank in is a financial center leade rat BB&T’s Camp Springs brancj at 6309 Allentown Road. Glover has been in bankint for 11 years within the Washington area with a majodr focus on small business and communitydevelopmenrt organizations. Charles C. Reardon has been named partnerof LLC. Reardon will assisf in growing the financial restructuring and healthy anddistressefd M&A practices for CMAG from a new officre opening in Tysons Corner.
Reardon bring s extensive expertise in strategic planning, operational and financial restructuring and real estate developmenyt to this new position with Carl Marks. Beforr joining CMAG, he was a member of ’s globallt recognized financial restructuring group and ledthat firm’s distressed mergerse and acquisitions practice in the mid-Atlantic Oonie Chase has joined communications firm GMMB in D.C. as digitaol director and seniorvice Chase, formerly with Blasg Radius, will guide the digital practice, integrating it into the firm’x overall offering.
Chase’s hire comed on the heels of the announcement thatFaceboomk co-founder Chris Hughes has joined as a strategi adviser. Both Chase and Hughesw will work closely withthe firm’s executive creativw director Kirk Souder. Prior to joining Blast Radiuasin 2008, Chase was with , where she shaped the interactivwe strategies of brands such as , KitchenAid, The New York Timesa and Barnes & Noble. Chase’sx recent work for the partnership was among the most successful virao issue campaigns on Facebookjto date, generating 1.4 million days of medicine for people living with HIV in Africa. Chormabn Romano , vice president and Tyler Herbert, projecft manager, joined Mark G.
Anderson Consultants in D.C. Mike Kappel has joine in Reston asproject manager. Kappeo has 10 years experience in theconstructiobn industry, serving as project manager for , as directorr of residential construction for Ridgewoodd Homes and as senior project manage r for . He has successfully bid, and constructed residences in excessof $4,000,0000 in value and has personally overseen the completed construction of more than 80 high-ene luxury homes. announced the hiring of Daimon Perez as environmenta health and safety manager in itsRockvillwe office. Perez is a seasonesd construction professional who comes to the officefrom Skanska’w office in San Juan.
He bringsd to Skanska more than 13 years professional While inPuerto Rico, Perez chaired the and assumed a leadershil role in the local environmental efforts of the company, overseeintg the environmental, safety and health execution for all Puertpo Rico construction management projects. Perez is a membefr of the American Society ofSafetyg Engineers, the Sociedad de Profesionales en Prevencioj de Accidentes de Puerto Rico, the and the locaol . He also is an authorized OSHA traine rin construction. Also in the Rockville office, Skansks hired Katie Cheung asmarketing coordinator.
In this Cheung will be responsible for proposapl productionwithin Skanska’s interiors education, federal and other key markets. Cheung joinxs the marketing department with an extensivew background in the constructioj and architectural proposaldevelopment process. She bringas to Skanska significant expertise in developinh presentations and preparing proposals for projects in education andcommercial markets. She was previously employex by Matrix Settles and The for Entrepreneurship atthe ’s announced Craig Dye has joined the center as director of investments.
In his new position, Dye will be leadingb the continued growth of theDingmam Center’s Capital Access Network, an angel investment group focused on funding early-stage deala up to $1.5 He will lead the network’s growth and support the Dingmabn Center’s continued efforts to fuel economic development and job creatiob throughout state and region. Nexus Health in Oxon Hill namedVerna S. Meacham as its president and CEO. announces that attorney Stephanie Scruggs has been named a firm shareholdeer inthe firm’s D.C. office. She joined the firm as an associater inApril 2008. Scruggs representsd clients in a variety of intellectualpropertuy matters.
She is primarily focused on patent patent prosecution, and product clearance and patent validityg opinions, but also has extensivr experience in trademark prosecution and counseling, patent and due diligence associated with IP transfers. She represents both U.S. and foreign-baserd clients in a variety of industriex includingthe chemical, biochemical, pharmaceutical, medica devices and mechanical arenas. Scruggsw regularly appears beforethe U.S. Patengt and Trademark Office Board of Patenft Appealsand Interferences. Formefr U.S. Under Secretary of Commerce for Industry and Securitt Mario Mancuso has joinedin D.C. as a partner in the internationalo corporatetransactions practice.
Mancuso will focues on international corporate, policgy and regulatory matters. As under secretary of commercde for industry and securitty from 2007 to Mancuso was the mostsenior U.S. government officialk with direct responsibility forinternationap trade, transaction and investment matter s that implicated U.S. national security and foreign policy Beforejoining Commerce, Mancuso servex as the deputy assistant secretary of defense for specialp operations and combating terrorism.
As the ’s senior civilian official with immediate responsibility for its global counterterrorism he oversaw policy related to sensitive specialoperationes missions, formulated the department’s global counterterrorisjm strategy and worked closely with U.S. foreign partners and Wiley Rein LLP announced the addition of former Deputhy Assistant Treasury SecretaryNova J. Daly as a publicc policy consultant in its growing internationaltrade practice. Daly played a leadintg role in reformingthe .
Prior to his role at his service includes terms asthe ’s Director for International Trade; a trade policy advisedr to the Secretary of Commerce; and an internationalk trade adviser at the U.S. Senatre Committee on Finance.
in McLean announced that Mark Roberts has joined the firm as a partnefr in its businessconsulting Group. Roberts’ practice will focuw on government and commercial For the past20 years, Roberts has served as a consultangt and expert witness with major public accountin firms, most recently . His assignments involvec regulatory issues related tocontract costing, profitability and administration. Priod to that, he worked with a major aerospacer anddefense contractor, holding positions in finance and contract management. Ethamn Gewolb joined Ginsberg and Helfer PLLC as a stafvf accountant in the tax and management consultingg services divisionin D.C.
The Washington office of Arnoled Worldwide announced the appointment of Eric Andrade in the newlt created position of digitalmarketing director. Andradw oversees all of Arnold D.C.’s online and new mediza work. Andrade has worked mostly in California for agenciesz specializingin entertainment, digital marketing and softwarw development. Andrade headed up business development and strategyfor Calif.-based Trailer Park Inc., a $60-million advertisinb company serving the entertainment industry. From 2005 to 2007, he worke d at two digital marketing agencies inSan Francisco: as an executiver producer at AKQA, and as a senior projectf manager at .
He also has workedc at , first in New York and then in San has promoted Andre Glover to assistanf vice president inCamp Springs. Glover, who joined the bank in is a financial center leade rat BB&T’s Camp Springs brancj at 6309 Allentown Road. Glover has been in bankint for 11 years within the Washington area with a majodr focus on small business and communitydevelopmenrt organizations. Charles C. Reardon has been named partnerof LLC. Reardon will assisf in growing the financial restructuring and healthy anddistressefd M&A practices for CMAG from a new officre opening in Tysons Corner.
Reardon bring s extensive expertise in strategic planning, operational and financial restructuring and real estate developmenyt to this new position with Carl Marks. Beforr joining CMAG, he was a member of ’s globallt recognized financial restructuring group and ledthat firm’s distressed mergerse and acquisitions practice in the mid-Atlantic Oonie Chase has joined communications firm GMMB in D.C. as digitaol director and seniorvice Chase, formerly with Blasg Radius, will guide the digital practice, integrating it into the firm’x overall offering.
Chase’s hire comed on the heels of the announcement thatFaceboomk co-founder Chris Hughes has joined as a strategi adviser. Both Chase and Hughesw will work closely withthe firm’s executive creativw director Kirk Souder. Prior to joining Blast Radiuasin 2008, Chase was with , where she shaped the interactivwe strategies of brands such as , KitchenAid, The New York Timesa and Barnes & Noble. Chase’sx recent work for the partnership was among the most successful virao issue campaigns on Facebookjto date, generating 1.4 million days of medicine for people living with HIV in Africa. Chormabn Romano , vice president and Tyler Herbert, projecft manager, joined Mark G.
Anderson Consultants in D.C. Mike Kappel has joine in Reston asproject manager. Kappeo has 10 years experience in theconstructiobn industry, serving as project manager for , as directorr of residential construction for Ridgewoodd Homes and as senior project manage r for . He has successfully bid, and constructed residences in excessof $4,000,0000 in value and has personally overseen the completed construction of more than 80 high-ene luxury homes. announced the hiring of Daimon Perez as environmenta health and safety manager in itsRockvillwe office. Perez is a seasonesd construction professional who comes to the officefrom Skanska’w office in San Juan.
He bringsd to Skanska more than 13 years professional While inPuerto Rico, Perez chaired the and assumed a leadershil role in the local environmental efforts of the company, overseeintg the environmental, safety and health execution for all Puertpo Rico construction management projects. Perez is a membefr of the American Society ofSafetyg Engineers, the Sociedad de Profesionales en Prevencioj de Accidentes de Puerto Rico, the and the locaol . He also is an authorized OSHA traine rin construction. Also in the Rockville office, Skansks hired Katie Cheung asmarketing coordinator.
In this Cheung will be responsible for proposapl productionwithin Skanska’s interiors education, federal and other key markets. Cheung joinxs the marketing department with an extensivew background in the constructioj and architectural proposaldevelopment process. She bringas to Skanska significant expertise in developinh presentations and preparing proposals for projects in education andcommercial markets. She was previously employex by Matrix Settles and The for Entrepreneurship atthe ’s announced Craig Dye has joined the center as director of investments.
In his new position, Dye will be leadingb the continued growth of theDingmam Center’s Capital Access Network, an angel investment group focused on funding early-stage deala up to $1.5 He will lead the network’s growth and support the Dingmabn Center’s continued efforts to fuel economic development and job creatiob throughout state and region. Nexus Health in Oxon Hill namedVerna S. Meacham as its president and CEO. announces that attorney Stephanie Scruggs has been named a firm shareholdeer inthe firm’s D.C. office. She joined the firm as an associater inApril 2008. Scruggs representsd clients in a variety of intellectualpropertuy matters.
She is primarily focused on patent patent prosecution, and product clearance and patent validityg opinions, but also has extensivr experience in trademark prosecution and counseling, patent and due diligence associated with IP transfers. She represents both U.S. and foreign-baserd clients in a variety of industriex includingthe chemical, biochemical, pharmaceutical, medica devices and mechanical arenas. Scruggsw regularly appears beforethe U.S. Patengt and Trademark Office Board of Patenft Appealsand Interferences. Formefr U.S. Under Secretary of Commerce for Industry and Securitt Mario Mancuso has joinedin D.C. as a partner in the internationalo corporatetransactions practice.
Mancuso will focues on international corporate, policgy and regulatory matters. As under secretary of commercde for industry and securitty from 2007 to Mancuso was the mostsenior U.S. government officialk with direct responsibility forinternationap trade, transaction and investment matter s that implicated U.S. national security and foreign policy Beforejoining Commerce, Mancuso servex as the deputy assistant secretary of defense for specialp operations and combating terrorism.
As the ’s senior civilian official with immediate responsibility for its global counterterrorism he oversaw policy related to sensitive specialoperationes missions, formulated the department’s global counterterrorisjm strategy and worked closely with U.S. foreign partners and Wiley Rein LLP announced the addition of former Deputhy Assistant Treasury SecretaryNova J. Daly as a publicc policy consultant in its growing internationaltrade practice. Daly played a leadintg role in reformingthe .
Prior to his role at his service includes terms asthe ’s Director for International Trade; a trade policy advisedr to the Secretary of Commerce; and an internationalk trade adviser at the U.S. Senatre Committee on Finance.
Friday, February 24, 2012
Eric P. Bloom: 4 great root cause analysis tools for managers - Hannibal.net
ethelbertdiya3334.blogspot.com
Eric P. Bloom: 4 great root cause analysis tools for managers Hannibal.net Fortunately, there are a number of tools that you can use to help you define the root cause of your problem, which of course is the first step in correcting it. These tools include the following: My goal in this week's column is to provide you with a ... |
Wednesday, February 22, 2012
Raffa, Freidkin accounting firms merge - Washington Business Journal:
zemlyanikiyri.blogspot.com
D.C.-based Raffa, a woman-owned regional accounting, and technology firm, currentlyh serves over 500 variousnonprofit clients. “By expandinf our ability to help businesses and individuals better manager and leverage their finances through sophisticatedtax planning, we believew the firm can have a larger, more significant impacyt on our work in the community,“ said CEO Tom who established the firm in 1984, in a statement. Throughn the merger with Freidkin, its client pool will expane to include the business community and high networthj individuals. Services include business and estate tax business advisory, forensic, and valuation services.
a 35-year-old women-owned CPA firm that employs about 30 will stay at its headquartersin Rockville. The combinecd firms, which have a total of 16 partnerds and almost250 employees, will operatw under the Raffa PC name. Raffa offersa insurance and investment servicesw to the nonprofit community and investment consultingt and financial planningfor nonprofits, private and individuals that support the nonprofit
D.C.-based Raffa, a woman-owned regional accounting, and technology firm, currentlyh serves over 500 variousnonprofit clients. “By expandinf our ability to help businesses and individuals better manager and leverage their finances through sophisticatedtax planning, we believew the firm can have a larger, more significant impacyt on our work in the community,“ said CEO Tom who established the firm in 1984, in a statement. Throughn the merger with Freidkin, its client pool will expane to include the business community and high networthj individuals. Services include business and estate tax business advisory, forensic, and valuation services.
a 35-year-old women-owned CPA firm that employs about 30 will stay at its headquartersin Rockville. The combinecd firms, which have a total of 16 partnerds and almost250 employees, will operatw under the Raffa PC name. Raffa offersa insurance and investment servicesw to the nonprofit community and investment consultingt and financial planningfor nonprofits, private and individuals that support the nonprofit
Monday, February 20, 2012
Unisys gives up on one debt exchange, proposes another - Philadelphia Business Journal:
uqyvemiwu.wordpress.com
The Blue Bell, Pa.-basedr information-technology company said late Tuesday it has terminated the offere that was to have expiredx tonightafter . In that, it was trying to get holderx of four series of senior notes with a total face valueof $1.06 billion, and due beginning next to exchange them in a private offer for new senioe secured notes that would have paid 12.625 percenft interest and been due in 2014. Now, Unisyd (NYSE:UIS) is trying to get holders of the senior notees to exchange them in private placementse for two series of new seniorsecured notes; either nearlyu 73.7 million shares or 19.
9 percentf of its stock, whichever is less; and up to $30 million in Unisys said it has negotiated those terms with representatives of a group that it has been told consists of holdersx of 40 percent of the senio notes. Unisys also is asking the senior noteholders to agrewe to amendments that would eliminate nearl y allthe notes’ covenants and some of the claused with which it must comply to avoids defaulting on the A noteholder that tenders a senior note is agreeiny to the amendments, Unisys said.
The holders of each seriex of notes will vote as a separate class and Unisys will consided a series to have agreee to the amendments if the holderzs of the majority of the principal amounft of the notes in the series thecompany said. The senior notes comprise $300 million of 6.875 percent notes due 2010; $400 millionj of 8 percent note sdue 2012; $150 millionm of 8.5 percent notes due 2015; and $210 milliomn of 12.5 percent notes due 2016. Unisys said holders of 25.6 percent of the 2010 notes, 23.8 percent of the 2012 54 percent of the 2015 notesand 15.8 perceny of the 2016 notes have agreed to tendert their notes.
The compant said the exchange offer is contingent upon at least 40 percent of the 2010 notes and 2012 notew being tendered by Midnight EDTJuly 28.
The Blue Bell, Pa.-basedr information-technology company said late Tuesday it has terminated the offere that was to have expiredx tonightafter . In that, it was trying to get holderx of four series of senior notes with a total face valueof $1.06 billion, and due beginning next to exchange them in a private offer for new senioe secured notes that would have paid 12.625 percenft interest and been due in 2014. Now, Unisyd (NYSE:UIS) is trying to get holders of the senior notees to exchange them in private placementse for two series of new seniorsecured notes; either nearlyu 73.7 million shares or 19.
9 percentf of its stock, whichever is less; and up to $30 million in Unisys said it has negotiated those terms with representatives of a group that it has been told consists of holdersx of 40 percent of the senio notes. Unisys also is asking the senior noteholders to agrewe to amendments that would eliminate nearl y allthe notes’ covenants and some of the claused with which it must comply to avoids defaulting on the A noteholder that tenders a senior note is agreeiny to the amendments, Unisys said.
The holders of each seriex of notes will vote as a separate class and Unisys will consided a series to have agreee to the amendments if the holderzs of the majority of the principal amounft of the notes in the series thecompany said. The senior notes comprise $300 million of 6.875 percent notes due 2010; $400 millionj of 8 percent note sdue 2012; $150 millionm of 8.5 percent notes due 2015; and $210 milliomn of 12.5 percent notes due 2016. Unisys said holders of 25.6 percent of the 2010 notes, 23.8 percent of the 2012 54 percent of the 2015 notesand 15.8 perceny of the 2016 notes have agreed to tendert their notes.
The compant said the exchange offer is contingent upon at least 40 percent of the 2010 notes and 2012 notew being tendered by Midnight EDTJuly 28.
Saturday, February 18, 2012
Highlighting Muhammad Ali with Jason Whitlock - Fox Sports Ohio
ihituvofy.wordpress.com
Highlighting Muhammad Ali with Jason Whitlock Fox Sports Ohio In celebration of Black History month, Fox Sports Net is presenting a special one-hour episode of Connected with Jason Whitlock, highlighting the career of boxing legend Muhammad Ali. Ali just turned 70 and Whitlock and guests will look at Ali's impact ... |
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