Mesa Inc. board weighs sale or merger amid dissident pressure
Mesa Inc. directors voted to consider a sale or merger after a dissident investor group led by David Batchelder urged options to maximize value. The board adopted a poison pill and hired Lehman Brothers to study strategic alternatives while pledging restructuring. The dissidents vow to push for a special meeting to replace directors, claiming the plan doesn’t go far enough.
MENTIONED IN THIS ARTICLE
Dallas
Mesa Inc
Boone Pickens
Mesa
David Batchelder
Marvin Davis
California
Dennis Washington
Montana
Lehman Brothers Holdings Inc
Davis
Washington
Batchelder
Pickens
Hugoton Field
Kansas
Prices rise on tighter gasoline inventories in oil markets
Gasoline futures gained 0.37 cent to 54.74 cents a gallon on the New York Mercantile Exchange as API reports reformulated gasoline inventories fell by over 2 million barrels. Light crude climbed 19 cents to 17.37 dollars per barrel. heating oil up 0.68 cent to 47.19, with API showing lower than expected DOE data and mixed natural gas moves. Brent on ICE rose to 16.20 dollars.
MENTIONED IN THIS ARTICLE
New York
New York Mercantile Exchange
American Petroleum Institute
API
Department of Energy
International Petroleum Exchange
London
Wed
Weds
Texas Panhandle feedlot market mixed with cattle prices steady
In Amarillo the Texas Panhandle and western Oklahoma feedlots report active trade with slaughter steers and heifers mostly steady. Weekly totals show 14,800 slaughter steers and 11,000 heifers sold, with 48,500 head for the week to date. Prices: slaughter steer 2-3 1100-1200 lbs 62.50-63.00, 1100-1300 lbs 62.00-62.50. heifers 1000-1100 lbs 62.50-63.00, 950-1050 lbs 62.00-62.50. National Weather: markets also note hogs and cattle summaries from National Stockyards and San Antonio listings with varied calf and feeder prices.
MENTIONED IN THIS ARTICLE
Amarillo
Texas Panhandle
Western Oklahoma
Panhandle
F.c.d
Usda-Texas Dept of Ag Market News
County takes loss on derivatives in Escambia Florida
Escambia County has sold its high risk derivative investments at a loss near 15 million dollars. Market conditions improved by June allowing most mortgage backed investments to be sold from a 44.5 million dollar allocation. The county insists the loss is not catastrophic to its 90 to 100 million dollar asset portfolio and will allow several postponed projects to proceed.
MENTIONED IN THIS ARTICLE
Pensacola
Fla
Escambia County
Jim Moye
Moye
Escambia
Orange County
Calif
Lawton Chiles
Joe Flowers
Flowers
Becnarbin
Escambia Comptroller
Orlando
Florida
Grand Jury
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Business
West Texas
North Sea
Brent
Alaska
North Slope
West Texas Intermediate
National Stockyards
Med & Ing
Med & Ig
of Holstien Bulls
Omaha Livestock
U.S
SAN Antonio Livestock
San Antonio
San Angelo
Wea
Houston Cash Grain
High Plains
Austin
Texas
Canadian River
Plainview
Farwell
Muleshoe
Lubbock
Bailey
Lamb Hale
Floyd
Hockley
Texas South Plains
Fort Worth
Springfield
Chicago
USDA
Trevised
Idaho
Houston
Pussets
Kaho
Ee Ee
Costa
Wessel
Rey
Ole
CET
CME
Mercantie Exchange
CSCE
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