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RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

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Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

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20 from Dallas-Fort Worth on Forbes wealthiest list

There are 20 Dallas-Fort Worth residents listed among the 400 richest Americans, according to the Forbes 400 list of The Richest People in America 2014.

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Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

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Texas Wesleyan acquires two strip shopping centers on East Rosedale

Texas Wesleyan University has purchased two strip shopping centers on East Rosedale Street across from its Southeast Fort Worth campus, the university’s president said Friday.

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Area oil field equipment manufacturer makes acquisition

Antelope Oil Tool & Manufacturing Co. LLC of Mineral Wells has acquired CTE Industries LTD. to broaden its product line.
Headquartered in Edmonton, Alberta, CTE, founded in 2006, is a manufacturer and supplier of oil field cementation equipment. Its products include float shoes, float collars, cement plugs and centralizers for the global oil and gas industry. CTE also provides threading services and supplies steel products, such as mechanical tubing and coupling stock.
No price for the transaction was released.


Antelope is a leading manufacturer of oil field casing and cementing products for offshore and onshore applications. Antelope is backed by Intervale Capital, a private equity firm with offices in Cambridge, Mass. and Houston that invests exclusively in oil field manufacturing and service companies.
"We have been impressed with CTE's rapidly growing market presence,” said George Ribble, Antelope's CEO in a news release. “CTE has established a strong brand globally, best known for its first-class products and reliable service. Following this combination, Antelope will be able to better service our customers by offering a broader product suite."


Dan Laplante, previously President of CTE, will manage Antelope and CTE's combined operations in Canada.
“CTE presents an exceptional opportunity for Antelope to extend its geographic presence into Canada and expand its customer base,” said David Nemeskal, principal at Intervale.
Antelope acquired WearSox L.P. , a pioneer in the development of thermal spray-on casing centralizers, stop-collars and stabilizers in 2013. Antelope was founded in 1961.


www.antelopeoiltool.com
 

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