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Topic: Majority interest


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In the News (Tue 5 Jun 12)

  
  AHA Comment Letter: Working definitions for PSO negotiated rulemaking --majority financial interest   (Site not responding. Last check: 2007-09-10)
The term "majority financial interest" is found in the statutory definition of a PSO (Section 1855(d)(1)(C)).
Another aspect of "financial interest" is the broader category of provider contributions to the overall capital structure of the PSO.
Any form of interest that places the affiliated providers in control of the PSO would also be considered a "financial interest." Obviously, the power to control a PSO is the power to operate the PSO, and the power to operate is that which will ultimately cause a PSO to economically succeed or fail.
www.aha.org /aha/advocacy-grassroots/advocacy/comment/1997/cl971125finances.html   (1249 words)

  
 Rev.Ruling SD156 Acquisition or Increase of a Majority Interest   (Site not responding. Last check: 2007-09-10)
DIVISION 30 - ACQUISITION OF A MAJORITY INTEREST OR INCREASE OF A MAJORITY INTEREST
interest which together with the interest of a related person, is a
When a person acquires units in a private unit trust scheme or shares in a private company there may not be an "interest" acquired for the purposes of Division 30.
www.osr.nsw.gov.au /pls/portal/docs/page/downloads/rev_rules/rrsd156.htm   (1422 words)

  
 nevada reverse mortgage   (Site not responding. Last check: 2007-09-10)
The easiest terms to understand are those that are based on a current rate that will vary according to the market for interest rates, which alters daily, although the companies will try to even out such daily fluctuations with only periodic changes in the rate.
Fixed rates, for a given period, are more difficult for the average lender or borrower to understand, a fact that has given rise in the past to greedy companies being able to reap huge benefits from such lack of knowledge.
The reason for an institution wanting to attract deposits at a fixed rate could be based on the fact that their advisors calculate that interest rates are going to rise.
www.officialreverse-mortgage.com /nevada-reverse-mortgage/index.php   (1204 words)

  
 Magna Buys Majority Interest in Pimlico, Laurel Park - bloodhorse.com
Magna would purchase a 51% equity and voting interest in the Maryland Jockey Club of Baltimore City, owner of Pimlico, from LUK-Flats LLC, Martin Jacobs, and the De Francis family.
Magna would purchase a 51% voting interest and 58% equity interest in Laurel Racing Association from LUK-Flats and Jacobs, and the entire limited partner interest in Laurel Racing Association from the Laurel Guida Group.
Magna Entertainment has agreed to purchase options from the brother and sister to buy those equity and voting interests at any time in the period beginning 48 months after the closing up to 60 months after the closing.
www.bloodhorse.com /viewstory.asp?id=10524   (729 words)

  
 Crowe buys majority interest in rugby club - Boston.com
Actor Russell Crowe loves the South Sydney rugby league club so much that he bought a majority interest in the team Sunday.
Russell Crowe arrives at the Louis Vuitton United Cancer Front Gala held on the grounds of a private Holmby Hills Estate in Beverly Hills, Calif., in this Oct. 27, 2003, file photo.
After Crowe appeared at the club's general meeting, his bid achieved a 75.8 percent majority vote, just above the 75 percent majority required for approval and enough to give he and Holmes a Court a controlling interest.
www.boston.com /ae/movies/articles/2006/03/19/crowe_buys_majority_interest_in_rugby_club   (234 words)

  
 Transworld Snowboarding.com | News | Mammoth Mountain Announces Sale of Majority Interest to Starwood Capital Group   (Site not responding. Last check: 2007-09-10)
Starwood Capital also announced it has entered into a preliminary agreement with Intrawest to form a joint venture to recapitalize and develop the majority of Intrawest's real estate holdings in and around the Mammoth Lakes region, which includes over 1,000 residential and lodging units and approximately 30,000 square feet of commercial space.
There were many people interested in Mammoth, but cultural fit and dedication to maintaining a quality community was very important to me." The leadership of the company will remain intact along with the key components that have been a part of Mammoth Mountain's success such as financial discipline and operational excellence.
The company has interests in 10 resorts at North America's most popular mountain destinations, including Whistler Blackcomb, a host venue for the 2010 Winter Olympic and Paralympic Games.
www.transworldsnowboarding.com /snow/news/article/0,13009,1114173,00.html   (1063 words)

  
 Aber acquires majority interest in Harry Winston
Aber purchased its interest in Harry Winston for $85 million, of which $20 million is in the form of additional working capital.
According to the contract signed between Aber and Harry Winston, Aber has the option to purchase the remaining 49 percent from Fenway Partners and Ronald Winston at the then fair market value on the sixth year anniversary of the transaction.
Fenway purchased a 55 percent interest in Harry Winston in December 2000.
www.national-jeweler.com /nationaljeweler/headlines/article_display.jsp?vnu_content_id=1000491714   (322 words)

  
 USATODAY.com - Report: Kohl willing to sell majority interest in Bucks   (Site not responding. Last check: 2007-09-10)
MILWAUKEE (AP) — Milwaukee Bucks owner Herb Kohl is willing to sell a majority interest in the team.
Kohl has said that he was open to having a minority investor in the franchise, which he bought in March 1985 for $18 million.
He has also said he wanted a minority or majority owner who would demonstrate a commitment to keeping the team in Milwaukee.
www.usatoday.com /sports/basketball/nba/bucks/2003-01-12-bucks-selling_x.htm   (307 words)

  
 Alexander's Gas & Oil Connections - LukArco obtains majority interest in Yalama off Azerbaijan   (Site not responding. Last check: 2007-09-10)
The remaining 40 % interest was retained by a SOCAR affiliate.
LukArco was formed by Los Angeles-based Arco and Lukoil in February 1997 to facilitate joint oil and gas investment in Russia and other countries.
In addition to the 60 % interest in D-222, the LukArco joint venture holds a 5 % interest in the Tengiz oil field in Kazakhstan and a 12.5 % interest in the Caspian Pipeline Consortium (CPC), a multi-party effort to build a 900-mile pipeline from the Tengiz field to the Black Sea.
www.gasandoil.com /goc/company/cnc81330.htm   (218 words)

  
 Quadrant Plastics Acquires Majority Interest In Japanese Composites Company
Seattle, WA, USA--(Jobwerx News)--Quadrant Plastics Group to acquire a controlling majority interest in Japan GMT Company, a glass mat thermo plastics composites manufacturer.
Quadrant Plastic Composites (QPC) will acquire a controlling majority interest (80%) in the Japanese GMT manufacturer Japan GMT Co., Ltd. (JGC) from its current shareholders, Ube-Nitto Kasei Co., Ltd. (UNK), Idemitsu Kosan Co., Ltd. (IKC) and Nippon Sheet Glass Co., Ltd. (NSG), at the beginning of October 2005.
Quadrant is already strongly positioned in North America and Europe, and its declared aim is also to establish correspondingly strong and durable positions in Asia in the medium term.
www.jobwerx.com /news/Archives/quadrant_biz-id=947549_938.html   (648 words)

  
 GM Sells Majority Interest in Division - CBS News
The deal for the mortgage unit stake is separate from GM's announced plans to sell a controlling interest in GMAC.
GM is trying to sell a 51 percent stake in GMAC in order to raise cash and restore the division's ratings.
The announcement comes a day after GM, the world's biggest automaker, and its major parts supplier, Delphi Corp., said they plan to offer buyouts to more than 125,000 hourly workers under an agreement with the United Auto Workers.
www.cbsnews.com /stories/2006/03/23/ap/business/mainD8GHGETO0.shtml   (745 words)

  
 Boswell acquires majority interest in Seco/Warwick. | Business   (Site not responding. Last check: 2007-09-10)
Jeffrey W Boswell has acquired the majority interest in Seco/Warwick Corp and has been named President and CEO.
The minority shareholder in the company is Seco/Warwick Ltd Poland, originally established in 1989 as a joint venture, headed by President Andrzej Zawistowski.
"Boswell acquires majority interest in Seco/Warwick." is an article from the Business category.
www.allbusiness.com /periodicals/article/575254-1.html   (359 words)

  
 ABC News: GM Sells Majority Interest in Division   (Site not responding. Last check: 2007-09-10)
DETROIT Mar 23, 2006 (AP)— General Motors Corp., struggling with big losses, slow sales and high labor costs, said Thursday it sold a majority interest in its commercial mortgage division in a deal worth $9 billion that gives its finance arm a boost as it prepares for its own sale.
General Motors Acceptance Corp. is getting $1.5 billion in cash from an investment group for a 78 percent stake in the commercial mortgage business.
Some major investors are prohibited from buying bonds without an investment-grade rating, making it tougher and more expensive for the borrower to raise money.
abcnews.go.com /Business/wireStory?id=1760384&CMP=OTC-RSSFeeds0312   (401 words)

  
 Social Science History 1: Empiricism, theory and the imagination
In this light may be viewed all children up to a certain age, whose interests are involved in those of their parents.
Macaulay agreed that "the interest of a respectable Englishman may be said, without any impropriety, to be identical with that of his wife".
Is the interest of an Italian the same as that of the daughter he devotes to god?" (Macaulay 1829 p.386).
www.mdx.ac.uk /www/study/SSH1.htm   (12380 words)

  
 North Carolina company buys Portland Place majority interest - The Business Journal of Phoenix:
The company has purchased a controlling interest of the property, but financial details will not be released, said Larry Throneburg, president of Rim Chaparral Pines Real Estate Services, a division of Crescent Resources.
Crescent Resources' purchase of majority control of Portland Place is the company's fourth major acquisition in the past month.
The others are property at Teton Village in Jackson Hole, Wyo., where a condo hotel is planned; property in Austin, Texas, where a 190-unit condo building is planned along with 1,500 lakeside acres where a community of 2,000 homes is planned.
www.bizjournals.com /phoenix/stories/2006/04/03/daily50.html   (747 words)

  
 WJLA - Crowe Buys Majority Interest in Rugby Club   (Site not responding. Last check: 2007-09-10)
Actor Russell Crowe loves the South Sydney rugby league club so much that he bought a majority interest in the team Sunday.The New Zealand-born, Australian-raised Crowe, a lifelong fan of the Rabbitohs, teamed with businessman Peter Holmes a Court to make an offer to buy the club.
On Sunday, 1,200 South Sydney members voted to approve a 3 million Australian dollar ($2.10 million) plan to privatize the club.
WJLA has no control over the content or availability of any linked site.
www.wjla.com /headlines/0306/311757.html   (256 words)

  
 SCA acquires majority interest in PWA   (Site not responding. Last check: 2007-09-10)
Without taking into account the synergy effects, SCA's earnings per share for 1995 are estimated to increase by about SEK 1.
Earlier major investments in PWA are expected to increase earnings successively in pace with the upturn in the business climate having an effect within all product groups.
As a result of the share purchase, SCA's equity/assets ratio will be approximately 39 percent (48) and debt/equity ratio a multiple of approximately 0.8 (0.52).
www.sca.com /news/releases/950105.asp   (1146 words)

  
 Boswell Acquires Majority Interest in SECO/Warwick
Jeffrey W. Boswell has acquired the majority interest in SECO/Warwick and has been named president and CEO.
SECO/Warwick Ltd. Poland will remain a minority shareholder in the company and will be headed by President Andrzej Zawistowski.
Since that time, he has held a number of technical and marketing positions in the heat treat industry.
www.powertransmission.com /news.php?in=463   (127 words)

  
 SL Green Takes Majority Interest in Manhattan Office Worth $91.2M
Adding to its extensive acquisition activity this year, SL Green Realty Corp. acquired a majority interest yesterday afternoon in 19 West 44th St. in New York City from its partner City Investment Fund, resulting in majority ownership and control of the asset for SL Green.
The property is located within two blocks of Grand Central Station and across the street from 28 West 44th St., which SL Green acquired for $105 million from WHO in February.
Later in March, the company bought MetLife's One Madison Avenue for a whopping $918 million, and then sold a 45 percent interest in the South Building of One Madison to Gramercy Capital Corp. for $803 million.
www.vnuemedia.com /cpn/article_display.jsp?vnu_content_id=1000953786   (328 words)

  
 GBMI Sells Its Majority Interest in Pony International, LLC
SANTA BARBARA, Calif., April 14 /PRNewswire/ -- Global Brand Marketing Inc., the leader in fashion forward footwear, today announced that it sold its majority interest in Pony International, LLC to Sharp Gain Profits Limited, a member of the Symphony Holdings Group based in Hong Kong.
In addition, the two other entities with interests in Pony, including The Firm Shoes, Inc. and Itochu International Inc., have sold their respective interests to Sharp Gain Profits Limited.
As we look to 2007 and beyond, we are now poised for further growth, both organically and through additional acquisitions and/or licensing opportunities.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/04-14-2006/0004340368&EDATE=   (717 words)

  
 Coors sells majority interest in Brazilian company - Memphis Business Journal:
Molson Coors Brewing Co., the fifth-largest brewer in the world, has sold its majority interest of its operation in Brazil for $68 million.
The company announced Monday it sold 68 percent equity interest in Cervejarias Kaiser to FEMSA Cerveza S.A. de C.V. FEMSA, maker of brands such as Carta Blanca, Tecate, Tecate Light, Superior, Sol, Dos Equis Lager, Dos Equis Ambar, Indio, Bohemia and Noche Buena.
Molson Coors remains a 15 percent interest partner in Kaiser.
memphis.bizjournals.com /memphis/stories/2006/01/16/daily5.html?jst=b_ln_hl   (666 words)

  
 First American Acquires Majority Interest in Matrix Asset Management
It was important to us that we maintain a minority interest in the company so that our shareholders can continue to participate in the unit's growth." The First American Corporation is a Fortune 500 company that traces its history to 1889.
As the nation's largest data provider, the company supplies businesses and consumers with information resources in connection with the major economic events of people's lives, such as getting a job; renting an apartment; buying a car, house, boat or airplane; securing a mortgage; opening or buying a business; and planning for retirement.
The First American Family of Companies, many of which command leading market share positions in their respective industries, operate within six primary business segments, including: Title Insurance and Services, Specialty Insurance, Mortgage Information, Property Information, Credit Information and Screening Information.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=109&STORY=/www/story/09-13-2004/0002249256&EDATE=   (947 words)

  
 Business For Sale: Wonderful Ground Flr Majority Interest Opportunity
According to the business plan, these high margin products are projected to pay off the investor's purchase price of a 51% majority interest by the end of 2003.
In addition to the establishment of marketing, design, and manufacturing, a trademark has been secured and nearly worldwide distribution channels have been secured (with distribution channel development continuing).
It is expected that the buyer will soon be found, so a potential buyer is requested to please respond promptly if he (or she) is interested.
www.mergernetwork.com /static/details/10188.htm   (273 words)

  
 Primedia Acquires Majority Interest in Automotive.com - Motor Trend News
Primedia Inc has announced that it has acquired a majority stake in Automotive.com, the premier automotive lead generation business serving new car buyers.
The purchase price for the majority interest was $72.5 million in cash for the initial 80% stake and the remaining 20% will be acquired no later than early 2010 with the price contingent on the incremental earnings generated by Automotive.com.
Following this acquisition, Primedia's net debt, including preferred securities and expressed as a multiple of Segment EBITDA will be down 1.2 times from the beginning of 2005.
www.motortrend.com /features/auto_news/112_news051116_automotivecom   (418 words)

  
 Oracle To Buy Majority Interest In Indian Banking Software Maker i-flex   (Site not responding. Last check: 2007-09-10)
The i-flex service organization will continue to provide deep domain expertise to major banks around the world.
Oracle President Charles Phillips will join the i-flex board, and i-flex stock will continue to trade on the Bombay Stock Exchange and the National Stock Exchange of India.
A replay of the call will be available beginning at Noon EDT by dialing (719) 457-0820 or toll-free 888/203-1112, and entering in confirmation code: 8437482.
www.oracle.com /corporate/press/2005_aug/ifacq.html   (787 words)

  
 Hill 'n' Dale Purchases Majority Interest in Lady Tak - bloodhorse.com
Hill 'n' Dale Purchases Majority Interest in Lady Tak - bloodhorse.com
Hill 'n' Dale announced Wednesday that the farm has purchased a majority interest in Lady Tak, a multiple grade I-winning 5-year-old mare from Bill and Corinne Heiligbrodt.
The millionaire filly will continue to be in training until the end of the year, at which time she will be retired and take up residence at Hill 'n' Dale Farm near Lexington.
breeding.bloodhorse.com /viewstory.asp?id=29133   (472 words)

  
 CXOtoday.com > News > Business > Oracle To Buy Majority Interest In i-flex Solution
Oracle today announced that it will buy a majority interest in one of India's largest applications software company, i-flex solutions (BSE: IFLX.BO and NSE: IFLX.NS).
The current i-flex management team will continue to run the company and will align product development, sales, marketing, and services activities with Oracle.
Is there a need for having seperate number..
www.cxotoday.com /cxo/jsp/article.jsp?article_id=5255&cat_id=908   (774 words)

  
 alarm:clock: PRIMEDIA Acquires Majority Interest in Automotive.com
The purchase price for the majority interest was $72.5M in cash for the initial 80% stake and the remaining 20% will be acquired no later than early 2010.
The Santa Ana, CA based company was founded way, way back in 1996 but the company's traffic appears to be on a losing streak.
Read- PRIMEDIA Acquires Majority Interest in Automotive.com (Yahoo Finance)
www.thealarmclock.com /mt/archives/2005/11/primedia_acquir.html   (85 words)

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