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Moves by Jeb Bush add to talk of 2016 candidacy

WASHINGTON — Jeb Bush's decision to release a policy-laden e-book and all his emails from his time as governor of Florida has further stoked expectations among his allies that he will launch a presidential bid.

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Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

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Taking the Cake: Sundance had pursued Cheesecake Factory for many years

The Cheesecake Factory had been on the white board over at Sundance Square management for some time

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Fort Worth businessman to lead Abbott, Patrick inauguration efforts

Fort Worth businessman Ardon Moore will chair the committee running inauguration festivities for Gov.-elect Greg Abbott and Lt. Gov.-elect Dan Patrick in January, it was announced on Friday.   Moore, president of Lee M. Bass Inc. in Fort Worth, is a vice chairman of the University of Texas Investment

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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Direct Energy to acquire Bounce Energy for $46 Million
 
 
A. Lee Graham
Reporter
 
Direct Energy of Houston has agreed to acquire Bounce Energy, also of Houston, for $46 million in cash plus additional working capital.
The acquisition further strengthens Direct Energy's residential business as the nation’s largest energy retailer.
 
"The further expansion of our residential business is an essential component of our North American growth strategy," said Badar Khan, president and CEO of Direct Energy, commenting in a news release.
"The acquisition of Bounce Energy will provide customers with more innovative, efficient and competitive energy services options," Khan said.
 
Bounce Energy’s top executive agrees.
 
"Direct Energy is the ideal organization with which to expand our e-commerce platform and digital marketing capabilities," said CEO Robbie Wright.
 
"Its solid financial foundation and the scope of its operational footprint will allow for greater expansion into new U.S. markets to offer customers more competitive energy rates and exceptional customer service," Wright said.  
 
Bounce Energy provides full-service electricity to more than 80,000 residential and small business customers in the competitive energy markets of Texas, Pennsylvania and New York. Direct Energy is expected to leverage Bounce Energy's digital marketing experience to boost its digital sales and service capabilities.
 
The transaction is subject to regulatory review and is expected to close in the third quarter of 2013.
Direct Energy, a subsidiary of Centrica plc, operates in 46 states, Washington, D.C. and 10 provinces in Canada. More information is available at www.directenergy.com.
 
Bounce Energy is a privately-owned Texas electricity company. More information is available at  www.bounceenergy.com.
 
lgraham@bizpress.net

 

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