The most curious agreement was a Car Parking Agreement between J.P. Morgan Markets Limited and MF Global. At first, I thought a car must have been an acronym for some complex financial product. After all, it’s a 62 page(!) agreement. But, it just covers the parking of 15 private motor cars at Canary Wharf Estate. Still, 62 pages!!!
Yahoo/Reuters: “Blank-Check” Companies Defy Weak IPO Market. Services Acquisition Corp. International, which floated shares in 2005 at $8, announced in March it would merge with U.S. restaurant chain Jamba Juice in a deal worth about $265 million.
sharesleuth.com: Xethanol Corp.. Xethanol Corp. bills itself as a biotechnology-driven ethanol company that can turn wood chips, corn stalks and paper sludge into cheap alternative fuel. But a Sharesleuth.com investigation found no evidence that Xethanol (XNL: AMEX) has produced significant quantities of ethanol from those raw materials.
Sharesleuth is the latest project of Mark Cuban and Chris Carey. The premise of this venture is that Sharesleuth will expose companies suspected of securities fraud and corporate chicanery and Mark will short their shares. Interesting…
I’ve added Xethanol Corp. contracts to the web site.
vnunet.com: Ex-Brocade CEO charged with securities fraud. The US Attorney’s Office, the Securities and Exchange Commission (SEC) and the FBI have filed criminal and civil securities fraud charges against Gregory Reyes, the former chief executive, president and chairman of storage firm Brocade Communications Systems.
Lately, a lot of companies have been caught up in stock option backdating scandals. Here are all the Stock Option Agreements that I’ve archived so far. More to come later…
While we have categorized a lot of contracts, there are still so many more out there. If you can’t find a contract on our site, give EDGAR Full Text Search a try. Yes, the SEC finally lets you search SEC filings. However, it’s only for the past two years for now. The interface is still a bit kludgy. I’m sure it’ll improve over time, but couldn’t they have just bought a Google Search Appliance instead?
Reuters: Liz Claiborne in CEO Talks with Estee Lauder Exec. Liz Claiborne Inc. is in final talks to hire Estee Lauder Cos. Inc. Group President Patrick Bousquet-Chavanne as the clothing company’s next chief executive and chairman, Women’s Wear Daily reported on Monday.
Liz Claiborne contracts have been added to the site. While we’re on the topic of women’s wear, I’ve added Bernard Chaus contracts as well. Both feature labor agreements, which these days usually mean cuts in pay, benefits and pensions if you’re in the airline or auto industry.
The Motley Fool: Is Escala licked? The homes and offices of Forum Filatelico and Afinsa Bienes Tangibles — the parent company of Escala — were raided by Spanish authorities and nine people were arrested on suspicion of various criminal charges. Essentially they are being charged with running a glorified confidence game.
I’ve posted Escala contracts online.
Washington Post: Google to Buy 5% Of AOL for $1 Billion. Google Inc. is buying a 5 percent stake in Dulles-based America Online Inc. for $1 billion as part of a far-reaching business and advertising partnership aimed at boosting AOL’s financial prospects as the Internet service struggles with the loss of millions of subscribers.
I know this is old news, but I just got around to adding the AOL agreements to the Google contracts page.
Dallas Business Journal: Aviall being sold to Boeing for $1.7B cash. Aviall Inc., an aviation parts and services company based in Dallas, says it is being acquired by Boeing in a $1.7 billion cash deal. Chicago-based Boeing (NYSE: BA), the world’s largest aerospace company and the largest manufacturer of commercial jetliners and military aircraft, will pay Aviall stockholders $48 a share, plus the assumption of about $350 billion in debt. The share price is 27.3 percent higher than Aviall’s closing price of $37.70 on Friday.