Destination Maternity Urges Stockholders to Vote for Board Nominees

Destination Maternity Urges Stockholders to Vote for Board Nominees

Destination Maternity (DEST) said Thursday it has sent a letter to its stockholders urging them to vote “FOR” the company’s slate of nominees and in favor of the other proposals recommended by the board of directors by signing, dating and returning the WHITE proxy card sent by the company. Shares were up 1.7% in recent trading. The company’s stockholders will be voting a the annual meeting to be held Oct. […]

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Applied Optoelectronics Enters New $50 Mln Revolving Credit Agreement

Applied Optoelectronics Enters New $50 Mln Revolving Credit Agreement

Applied Optoelectronics (AAOI), a provider of fiber optic networking products, said it has entered into a three-year, $50 million, revolving line of credit with a unit of BB&T Corporation (BBT). The loan will bear interest at a rate equal to the one-month LIBOR plus 1.50%, the company said in a filing with the U.S. Securities and Exchange Commission. The company also entered into a series of other transactions that resulted […]

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MidEast Stocks Mostly Drift Lower Ahead of Holiday; Qatar Falls on Credit Downgrade

MidEast Stocks Mostly Drift Lower Ahead of Holiday; Qatar Falls on Credit Downgrade

Middle East shares mostly slid in thin volume ahead of the Eid al-Adha holidays beginning this week. Qatar slumped after Fitch downgraded the country’s credit rating. Fitch lowered Qatar by one notch to AA-minus with a negative outlook, citing the impact of sanctions imposed by other Arab states. In company news, Amiantit said it expected a capital gain of 50 million-60 million riyals ($13.3 million-$16.0 million) and positive cash flow […]

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Raven Industries Agrees to Acquire Colorado Lining International

Raven Industries Agrees to Acquire Colorado Lining International

Raven Industries said Tuesday it has signed an asset purchase agreement to buy substantially all of the assets of Colorado Lining International, a provider of geomembrane fabrication and installation. The cash transaction is expected to close next month with Raven paying $14 million and the potential for up to $2 million in additional earn-out payments over the next three years. The final acquisition will align under the company’s Engineered Films […]

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Global Medical REIT Names Robert Kiernan as CFO

Global Medical REIT Names Robert Kiernan as CFO

Global Medical REIT said Monday it has named Robert Kiernan as its chief financial officer and treasurer, effective Aug. 23. Kiernan will oversee corporate finance, accounting, and capital and financing strategies, and will report to CEO David Young. Kiernan succeeds Donald McClure, who is leaving to pursue other opportunities. Prior to joining the company, Kiernan served as senior VP, controller and chief accounting officer of FBR & Co., Prior to […]

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