Brink’s (BCO)
The armored car giant sold its 36 percent minority interest in Hermes Transporte Blindados S.A., a cash-in-transit business based in Lima, Peru, for approximately $60 million. The company said it plans to use proceeds from the sale to pay down debt.
Dominion Resources (D)
The utitlity company approved restricted stock awards for its top executives, including 21,658 shares for CEO Thomas Farrell.
MeadWestvaco (MWV)
Donna Cox, a vice president, sold 7,590 shares for $41.19 per share for a total of $312,000.
Linda Schreiner, a senior vice president, exercised options for 77,388 shares at a total price of $1.96 million. She then sold the shares at market price for $41.15 per share for a total sale of $3.1 million.
Media General (MEG)
The company’s shareholders voted in favor of its planned merger with TV station owner LIN Media. LIN’s shareholders also approved the deal. The merged company will own 71 TV stations and will retain the Media General name and will remain headquartered in Richmond. The deal must still receive approval from federal regulators.
Owens & Minor (OMI)
The Mechanicsville firm completed its $207 million acquisition of Medical Action Industries Inc. It funded the deal with cash.
Executive Chairman Craig Smith sold 33,000 shares at $32.50 per share for a total of $1.07 million.
Xenith Bankshares (XBKS)
The parent of Xenith Bank said it signed a credit agreement with a national bank for up to $15 million. It initially borrowed $12 million from that pool.
Xenith also sold 880,000 shares of common stock to two investors for $6.35 per share for a total of $5.6 million. The company said much of the proceeds of both the loan and the capital raise will be used to fund loan growth and continued investment infrastructure and personnel, possibly through mergers and acquisitions.
The bank said it dismissed Grant Thornton LLP as its independent registered public accounting firm. It in turn hired BDO USA as its new accounting firm.
Brink’s (BCO)
The armored car giant sold its 36 percent minority interest in Hermes Transporte Blindados S.A., a cash-in-transit business based in Lima, Peru, for approximately $60 million. The company said it plans to use proceeds from the sale to pay down debt.
Dominion Resources (D)
The utitlity company approved restricted stock awards for its top executives, including 21,658 shares for CEO Thomas Farrell.
MeadWestvaco (MWV)
Donna Cox, a vice president, sold 7,590 shares for $41.19 per share for a total of $312,000.
Linda Schreiner, a senior vice president, exercised options for 77,388 shares at a total price of $1.96 million. She then sold the shares at market price for $41.15 per share for a total sale of $3.1 million.
Media General (MEG)
The company’s shareholders voted in favor of its planned merger with TV station owner LIN Media. LIN’s shareholders also approved the deal. The merged company will own 71 TV stations and will retain the Media General name and will remain headquartered in Richmond. The deal must still receive approval from federal regulators.
Owens & Minor (OMI)
The Mechanicsville firm completed its $207 million acquisition of Medical Action Industries Inc. It funded the deal with cash.
Executive Chairman Craig Smith sold 33,000 shares at $32.50 per share for a total of $1.07 million.
Xenith Bankshares (XBKS)
The parent of Xenith Bank said it signed a credit agreement with a national bank for up to $15 million. It initially borrowed $12 million from that pool.
Xenith also sold 880,000 shares of common stock to two investors for $6.35 per share for a total of $5.6 million. The company said much of the proceeds of both the loan and the capital raise will be used to fund loan growth and continued investment infrastructure and personnel, possibly through mergers and acquisitions.
The bank said it dismissed Grant Thornton LLP as its independent registered public accounting firm. It in turn hired BDO USA as its new accounting firm.