Under the agreement, Stifel would issue 2.5 million shares of common stock at $36 per share. The amount is based on Ryan Beck’s net book value of approximately $91.1 million, as of

BDI administers roughly 200 retirement plans as well as approximately 100 Section 125 (cafeteria style) plans. The retirement plan assets are valued at approximately $200 million. This brings the total number of plans administered by NIM to approximately 7,300

Biz Briefs

Biz Briefs

Things are looking up for Elmwood Park-based Marcal Paper Mills, which filed for bankruptcy protection in Newark’s federal court in November. The household paper-products maker has received a court-approved loan commitment for $84.5 million from

Central Jersey

Massachusetts Mutual Life Insurance is planning to offer free $50,000, 10-year term life insurance policies to working parents in

Hackensack’s Ness Technologies, a provider of IT services and solutions, sold its ownership interest in dbMotion in Eatonton, Ga., for $6 million to other shareholders in that company

Millennium Cell in Eatontown, a developer of hydrogen battery technology, acquired the remaining outstanding shares of Gecko Energy Technologies. The deal was facilitated by

AmeriCredit, the Texas-based auto-finance company, today announced that it has completed its acquisition of Long Beach Acceptance (LBAC) through its subsidiary AmeriCredit Financial Services. Paramus-based LBAC

Biz Briefs

Allstate to stop writing homeowner policies next month