Jan 12, 2007

Home Mortgage Foreclosures Soar

Borrowing costs and a weak housing market take an increasing toll

Jan 12, 2007

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

Jan 11, 2007

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

Jan 10, 2007

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 company’s senior

Jan 9, 2007

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

Jan 9, 2007

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 Beck’s net book value of approximately $91.1 million, as of

Jan 8, 2007

Ma Bell Inches Back

Biz Briefs

Jan 8, 2007

MT Takes the Plunge

Biz Briefs

Jan 5, 2007

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 Newark’s federal court in November. The household paper-products maker has received a court-approved loan commitment for $84.5 million from

Jan 3, 2007

Senesco, ArborGen

Central Jersey