Altria (MO)
The tobacco giant said it entered into an extension agreement to extend the expiration of its $3 billion 5-year revolving credit agreement with JPMorgan Chase Bank and Citibank. It now expires Aug. 19, 2019.
C&F Financial (CFFI)
The parent of C&F Bank declared a dividend of $0.30 per common share, payable Oct. 1 to shareholders of record on Sept. 15.
James River Coal (JRCC)
The bankrupt local coal company received court approval to sell some of its mining assets to
JR Acquisition, LLC, a wholly owned subsidiary of Blackhawk Mining LLC for $52 million.
Blackhawk will purchase the company’s Hampden Complex, Hazard Complex and Triad Complex. Blackhawk will pay $20.0 million in cash and assume $32 million in liabilities. The sale is expected to close on or about Aug. 29.
Media General (MEG)
The company said it and its pending merger partner LIN Media sold six of their television stations and assets of a seventh station to various buyers for a total of $356 million. They included Media General stations in Rhode Island and Alabama, and LIN’s stations in Wisconsin, Georgia, and Alabama. The company also said it bought two stations in Colorado and one in Florida from Sinclair Communications for a total of $93.1 million. Media General said the deals were made in order to address regulatory considerations related to its pending merger with LIN.
Universal Corp. (UVV)
Chester Crocker, a director, sold 800 shares at $50.94 per share for a total of $40,750.
COO Keith Brewer sold 1,893 shares at $51.30 per share for a total sale of $97,000.
Xenith Bankshares (XBKS)
President and CEO Gaylon Layfield acquired a total of 7,500 shares in five separate transactions totaling $48,000.
CFO Thomas Osgood acquired 3,000 shares at $6.53 per share for a total of $19,500.
Chief Credit Officer Wellington Cottrell III acquired a total of 3,400 shares in three transactions totaling $22,150.
Chief Lending Officer Edward Phillips acquired 1,000 shares at $6.40 per share.
Judy Gavant, the bank’s controller, acquired 1,000 shares at $6.48 per share.
Altria (MO)
The tobacco giant said it entered into an extension agreement to extend the expiration of its $3 billion 5-year revolving credit agreement with JPMorgan Chase Bank and Citibank. It now expires Aug. 19, 2019.
C&F Financial (CFFI)
The parent of C&F Bank declared a dividend of $0.30 per common share, payable Oct. 1 to shareholders of record on Sept. 15.
James River Coal (JRCC)
The bankrupt local coal company received court approval to sell some of its mining assets to
JR Acquisition, LLC, a wholly owned subsidiary of Blackhawk Mining LLC for $52 million.
Blackhawk will purchase the company’s Hampden Complex, Hazard Complex and Triad Complex. Blackhawk will pay $20.0 million in cash and assume $32 million in liabilities. The sale is expected to close on or about Aug. 29.
Media General (MEG)
The company said it and its pending merger partner LIN Media sold six of their television stations and assets of a seventh station to various buyers for a total of $356 million. They included Media General stations in Rhode Island and Alabama, and LIN’s stations in Wisconsin, Georgia, and Alabama. The company also said it bought two stations in Colorado and one in Florida from Sinclair Communications for a total of $93.1 million. Media General said the deals were made in order to address regulatory considerations related to its pending merger with LIN.
Universal Corp. (UVV)
Chester Crocker, a director, sold 800 shares at $50.94 per share for a total of $40,750.
COO Keith Brewer sold 1,893 shares at $51.30 per share for a total sale of $97,000.
Xenith Bankshares (XBKS)
President and CEO Gaylon Layfield acquired a total of 7,500 shares in five separate transactions totaling $48,000.
CFO Thomas Osgood acquired 3,000 shares at $6.53 per share for a total of $19,500.
Chief Credit Officer Wellington Cottrell III acquired a total of 3,400 shares in three transactions totaling $22,150.
Chief Lending Officer Edward Phillips acquired 1,000 shares at $6.40 per share.
Judy Gavant, the bank’s controller, acquired 1,000 shares at $6.48 per share.