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

The 2014 100 Best Companies to Work for in Oregon

News
Friday, February 28, 2014

100best14logo ThumbnailThe 21st annual 100 Best Companies to Work For in Oregon list was announced Thursday night at an awards dinner at the Oregon Convention Center.


Read more...

Q & A with Chuck Eggert

News
Thursday, March 06, 2014
03.06.14 thumb pacfoodsBY HANNAH WALLACE | OB BLOGGER

The founder of Pacific Foods talks about why his company has flown under the radar in Oregon, how saving a family-run chicken hatchery has helped his bottom line and why he thinks organic food is anything but elitist.


Read more...

Tech makes the world go round

Contributed Blogs
Thursday, March 20, 2014
03.20.14 thumb internetBY JASON NORRIS | GUEST BLOGGER

I don’t think anyone can (or should) remember what it was like to get things done without the internet. This milestone in technology has certainly benefited brick-and-mortar companies and subsequently launched a new era of businesses.


Read more...

Speeding up science

News
Tuesday, February 25, 2014
02.25.14 Thumbnail MedwasteBY JOE ROJAS-BURKE | OB BLOGGER

The medical research enterprise wastes tens of billions of dollars a year on irrelevant studies. It’s time to fix it.


Read more...

Green your workplace

News
Thursday, April 03, 2014
100Green14logo200oxBY OB STAFF

Learn how to green your workplace and lower your environmental footprint at the office. Oregon Business presents a two-hour "Greening Your Workplace" seminar on May 28th, 2014 at the Nines Hotel in Portland.


Read more...

Spring thaw

News
Thursday, April 17, 2014
Spring ThawBY JASON NORRIS | OB BLOGGER

The “polar vortex” of 2014 seems to have finally thawed and we believe this change in weather will bring more sunshine to the U.S. economy as well.


Read more...

Leader's bookshelf

Contributed Blogs
Friday, March 14, 2014
02.06.14 BooksBY TOM COX | OB BLOGGER

Five books that will make you a better leader.


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