Home Mortgage Foreclosures Soar
Borrowing costs and a weak housing market take an increasing toll
Avaya Announces Tender Offer to Acquire Ubiquity Software
Basking Ridge-based Avaya, through its wholly owned subsidiary Avaya International Enterprises, made a tender offer to acquire Cardiff, England-based Ubiquity Software for approximately $144 million. Ubiquity develops
First Montauk Sues Over Soured Merger Deal
First Montauk Financial, parent of broker-dealer First Montauk Securities in Red Bank, filed a lawsuit against Miami real estate entrepreneur Edward H. Okun and his affiliates for breach of a merger agreement. The suit was filed in New Jersey Superior Court of
Authentidate to Sell Two Units for 8.5 Million
Authentidate in Berkeley Heights, a provider of security software applications, plans to sell its document-management and systems-integration businesses for approximately $8.5 million to a group led by two members of the companyÂs senior
National Investment Managers Completes BDI Deal
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
Stifel Financial to Purchase Ryan Beck
Under the agreement, Stifel would issue 2.5 million shares of common stock at $36 per share. The amount is based on Ryan BeckÂs net book value of approximately $91.1 million, as of
Marcal Paper Gets Court Approval for Loan Commitment
Things are looking up for Elmwood Park-based Marcal Paper Mills, which filed for bankruptcy protection in NewarkÂs federal court in November. The household paper-products maker has received a court-approved loan commitment for $84.5 million from
