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

Downtime

October 2014
Thursday, September 25, 2014
BY JESSICA RIDGWAY

I'm not very interesting,” says a modest Ray Di Carlo, CEO and executive producer of Bent Image Labs, an animation and visual effects studio.


Read more...

What I'm Reading

October 2014
Thursday, September 25, 2014

Nick Herinckx, CEO of Obility, and Jake Weatherly, CEO of SheerID, share what they've been reading.


Read more...

Startup or Grow Up?

September 2014
Tuesday, August 26, 2014
BY JON BELL

Startup culture is all the rage. Is there a downside?


Read more...

Constant Contact

October 2014
Thursday, September 25, 2014
BY AMY MILSHTEIN

To prevent burnout, companies are banning email and after-hours communications. But is the 24-hour workday here to stay?


Read more...

College Conundrum

October 2014
Thursday, September 25, 2014
BY KIM MOORE

University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.


Read more...

100 Best Nonprofits to Work for in Oregon [VIDEO]

News
Thursday, October 02, 2014

Screen shot 2014-10-02 at 11.17.21 AMMore than 5,500 employees from 180 organizations throughout the state participated in the 100 Best Nonprofits to Work for in Oregon project.


Read more...

A Taste of Heaven

September 2014
Tuesday, August 26, 2014
BY VIVIAN MCINERNY

Craft beer comes to Mount Angel.


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