Lion's Gate (LGF)
We are initiating coverage of Lion's Gate (<a href=http://www.zacks.com/research/report.php?type=main&t=LGF>LGF</a>) with a Buy rating. <P ALIGN="left"> With a strong track record of producing critically acclaimed small and mid-budget specialty films, we think Lion s Gate is well positioned to increase market share as the big studios continue to shrink production of specialty films. Further Lion's Gate's large film library should, in our view, spur renewed growth in home entertainment revenue in 2H FY10 as consumer adoption of the Blu Ray format accelerates. <P ALIGN="left"> Although in the coming months we expect the economy and film slate timing to weigh on revenues and EBITDA in all segments, we think the current stock price undervalues LGF s film library, which ultimately generates 80% of the company's free cash flow. <P ALIGN="left">Metiscan, Inc. Completes Acquisition of Two Diagnostic Imaging Facilities
MRI Centers Are Located in Texas and Pennsylvania
Coal Industry
For the next 6 months, stocks in the coal industry will most likely meander around current levels.Dalea Partners, LP and Longfellow Energy LP Announce Acquisition of Common Shares of TransAtlantic Petroleum Corp.
OKLAHOMA CITY, OK--(Marketwire - December 31, 2008) - Dalea Partners, LP ("Dalea") and Longfellow Energy LP ("Longfellow") announced today that on December 30, 2008, Dalea, Longfellow and Riata TransAtlantic LLC ("Riata TransAtlantic") acquired an aggregate of 73,965,000 common shares (the "Acquired Shares") of TransAtlantic Petroleum Corp. ("TransAtlantic") and 10,000,000 warrants, each of which entitles the holder to acquire one common share of TransAtlantic at a price of US$3.00 until December 30, 2008. The Acquired Shares represent approximately 47.7% of the issued and outstanding common shares of TransAtlantic immediately following the acquisition and before any exercise of the Acquired Warrants (the "Acquired Warrants").
Brown & Brown, Inc. Announces the Asset Acquisition of Baker, Thomsen Associates Insurance Services
DAYTONA BEACH, FL and TAMPA, FL--(Marketwire - December 31, 2008) - Kenneth D. Kirk, Regional
President of Brown & Brown, Inc. (
Baker, Thomsen Associates Insurance Services, with annualized revenues of approximately $1.4 million, focuses 100% on employee benefits for medium and large sized businesses in Southern California and throughout the United States. Kathleen Wittau and Baker, Thomsen's other talented staff will combine their agency operations with that of Brown & Brown's existing Orange office, under the leadership of Tim Casey.
Brown & Brown, Inc. Announces the Asset Acquisition of Gallagher Associates, Inc.
DAYTONA BEACH, FL and TAMPA, FL--(Marketwire - December 31, 2008) - Thomas E. Riley, Regional
President of Brown & Brown, Inc. (
Gallagher Associates, with annualized revenues of approximately $2.0 million, focuses on property & casualty for individuals and businesses in the southern New Jersey, Pennsylvania and Delaware regions. The Gallagher Associates staff will continue to operate from their existing location in Blackwood, New Jersey as a freestanding Brown & Brown profit center.
Univest Corporation Acquires Trollinger Consulting Group
The Acquisition Will Further Expand Univest's Advisory Capabilities by Defining a New, Niche Service -- Municipal Pension Plans
Zones Completes Going-Private Transaction
AUBURN, WA--(Marketwire - December 31, 2008) - Zones, Inc. (
Under the terms of the merger agreement for the going-private transaction, which was adopted by Zones' shareholders at a special meeting held on December 19, 2008, Zones shareholders (other than Mr. Lalji, certain of his related parties and dissenting shareholders) are entitled to receive $7.00 in cash, without interest and less any applicable withholding taxes, for each share of common stock they owned immediately prior to the effective time of the merger. Zones common stock will be delisted from the NASDAQ Global Market.