Apple Hospitality REIT
California investment firm MacKenzie Capital Management made yet another attempt to entice Apple REIT shareholders to sell their shares. Its latest offer to buy up to 2 million shares at $7 per share resulted in the sale of 543,525 shares. MacKenzie now own 1.59 million shares of Apple Hospitality REIT stock.
Media General (MEG)
The company will hold a special shareholders meeting on Aug. 20 for a vote related to its planned merger with LIN Media LLC. The combined company will own and operate or provide services to 74 television stations across 46 markets. In the transaction, Media General shareholders will receive one share of new holding company that will be created for each share of Media General. LIN shareholders will receive $27.82 in cash or 1.57 shares of the new holding company for each LIN share they own.
NewMarket (NEU)
The company said it broke ground on the site of its new manufacturing facility in Jurong Island, Singapore in June. It plans an investment of more than $100 million. The new facility will help it better serve the Asia Pacific and Middle East markets. It expects the plant to become operational during the fourth quarter of 2015.
President and CEO Thomas E. Gottwald was elected to serve as chairman of the company’s board of directors. Gottwald has been the company’s CEO since 2004. He will succeed Bruce C. Gottwald who is retiring as chairman but will stay on as a director.
NewMarket also declared a quarterly dividend of $1.10 per share payable Oct. 1, to shareholders of record at the close of business on Sept. 15.
Owens & Minor (OMI)
O&M appointed James L. Bierman as its new CEO, effective Sept. 1. He currently serves as president and COO. Current chairman and CEO Craig R. Smith will continue with the company in the role of executive chairman after Sept. 1. The company said the change is part of its ongoing succession planning process.
Bierman, 61, joined the company in 2007 as CFO. For his new role as president and CEO Bierman will receive an increase in his annual base salary from $700,000 to $850,000 and a special grant of $455,000 worth of shares of restricted stock and $455,000 in value of performance shares tied to performance goals. He’s a graduate of Dickinson College and has a master’s from Cornell University.
Smith, 63, has been with the company since 1989 and has been CEO since 2005. His annual salary as executive chairman will be $750,000.
Union Bankshares (UBSH)
The parent of Union First Market Bank declared a quarterly dividend of $0.15 per share.
Apple Hospitality REIT
California investment firm MacKenzie Capital Management made yet another attempt to entice Apple REIT shareholders to sell their shares. Its latest offer to buy up to 2 million shares at $7 per share resulted in the sale of 543,525 shares. MacKenzie now own 1.59 million shares of Apple Hospitality REIT stock.
Media General (MEG)
The company will hold a special shareholders meeting on Aug. 20 for a vote related to its planned merger with LIN Media LLC. The combined company will own and operate or provide services to 74 television stations across 46 markets. In the transaction, Media General shareholders will receive one share of new holding company that will be created for each share of Media General. LIN shareholders will receive $27.82 in cash or 1.57 shares of the new holding company for each LIN share they own.
NewMarket (NEU)
The company said it broke ground on the site of its new manufacturing facility in Jurong Island, Singapore in June. It plans an investment of more than $100 million. The new facility will help it better serve the Asia Pacific and Middle East markets. It expects the plant to become operational during the fourth quarter of 2015.
President and CEO Thomas E. Gottwald was elected to serve as chairman of the company’s board of directors. Gottwald has been the company’s CEO since 2004. He will succeed Bruce C. Gottwald who is retiring as chairman but will stay on as a director.
NewMarket also declared a quarterly dividend of $1.10 per share payable Oct. 1, to shareholders of record at the close of business on Sept. 15.
Owens & Minor (OMI)
O&M appointed James L. Bierman as its new CEO, effective Sept. 1. He currently serves as president and COO. Current chairman and CEO Craig R. Smith will continue with the company in the role of executive chairman after Sept. 1. The company said the change is part of its ongoing succession planning process.
Bierman, 61, joined the company in 2007 as CFO. For his new role as president and CEO Bierman will receive an increase in his annual base salary from $700,000 to $850,000 and a special grant of $455,000 worth of shares of restricted stock and $455,000 in value of performance shares tied to performance goals. He’s a graduate of Dickinson College and has a master’s from Cornell University.
Smith, 63, has been with the company since 1989 and has been CEO since 2005. His annual salary as executive chairman will be $750,000.
Union Bankshares (UBSH)
The parent of Union First Market Bank declared a quarterly dividend of $0.15 per share.