Home Back Issues March 2011 Dealwatch- March 2011

Dealwatch- March 2011

| Print |  Email
Articles - March 2011
Wednesday, March 02, 2011

  1. Cascade Bancorp has closed a deal to bring in $177 million in new capital. Cascade Bancorp is the parent of Bank of the Cascades, which operates 20 branches in Oregon. Investors included David Bolger, Leonard Green & Partners, Lightyear Capital and WL Ross & Co. Regulators had ordered Cascade Bancorp to raise new capital after the collapse of the central Oregon housing market resulted in losses.
  2. Seattle-based Todd Shipyards has announced a five-year deal with the U.S. Navy worth up to $80 million to provide dry-docking of ships visiting the Puget Sound area or home-ported at the Everett Naval Station. On Feb. 15, Portland shipbuilder Vigor Industrial completed its acquisition of Todd Shipyards in a $130 million cash deal. The combined company is the largest marine services company in the Pacific Northwest.
  3. Comcast agreed to pay up to $23 million to settle a class-action lawsuit that alleged the company improperly violated Oregon laws governing disclosure requirements and the frequency of late-fee charges. The company denied wrongdoing. As many as 500,000 Oregon subscribers who paid a late fee between July 15, 2003 and Nov. 22, 2010, stand to benefit at a rate of $16 per $6 charge.
  4. Beaverton-based Digimarc said it bought back more than 7% of its outstanding shares for about $15 million. With the purchase, made with cash on hand, the watermarking technology developer reduced outstanding shares to under 7 million.
  5. The Port of Portland has transferred management of its Terminal 6 to a Philippines-based company that intends to double Portland’s shipping container volume within five years. A 25-year lease began on Feb. 12 with International Container Terminal Services, which operates at 21 marine terminals in 15 countries. ICTSI agreed last May to an initial $8 million payment and will pay an annual rent of $4.5 million to the Port.
COREY PAUL
 

More Articles

Powerlist: Colleges and Universities

September 2014
Wednesday, August 27, 2014
BY KIM MOORE

A conversation about higher education with the presidents of the University of Oregon and Clackamas Community College, followed by September's powerlist.


Read more...

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

Podcast: Interview with Pete Friedes

Contributed Blogs
Wednesday, August 27, 2014

082714-thumb friedesbookTom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.


Read more...

Who said we should sell in May?

Contributed Blogs
Friday, July 18, 2014
BullMarketBY JASON NORRIS | OB GUEST CONTRIBUTOR

Back in May, we shared a common Wall Street quote about investing, “Sell in May and go away.” Fast forward to July and the most common question we have been getting from clients is, “When is the market pullback going to occur?”


Read more...

Video: The 100 Best Survey

News
Thursday, August 28, 2014

100-best-logo-2015 500pxw-1OB Research Editor Kim Moore shares some pointers about the 100 Best Companies to Work For survey.


Read more...

Buyer's Remorse

September 2014
Tuesday, August 26, 2014

Parents and students paying for college today are like homeowners who bought a house just before the housing bubble burst.


Read more...

The Alchemist

September 2014
Tuesday, August 26, 2014
BY LINDA BAKER

David Howitt explains why Portland consumer brands like Stumptown and Voodoo Doughnuts are taking the world by storm.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS