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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Fort Worth minority business receives nationwide grant

Cuevas Distribution Inc., a minority- and woman-owned business in Fort Worth, is one of 20 small businesses nationwide to receive a $150,000 grant from Chase as part of the Mission Main Street program.

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Arlington's Entertainment District moves forward

Arlington is moving closer to developing its Entertainment District north of AT&T Stadium.

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Plano tech firm buys Multiband for $116 M

 

Goodman Networks Inc. of Plano will acquire Multiband Corp. of Minneapolis in an all-cash transaction valued at $116 million, the companies announced Wednesday.
Goodman Networks is a privately held provider of wireless telecommunication networks, said it will acquire Multiband, a privately held provider of telecommunications networks, paying $3.25 per Multiband common share, redeem all of Multiband's outstanding preferred stock and repay Multiband's outstanding bank indebtedness in the all-cash transaction.
The transaction, which is expected to close in the third quarter of 2013, is subject to the approval of Multiband's shareholders, regulatory approvals and other customary closing conditions.
Upon the close of the acquisition, Multiband will be operated as a wholly-owned subsidiary of Goodman Networks and Jim Mandel will continue as CEO of Multiband.
Jefferies LLC and Credit Suisse served as Goodman Networks' financial advisors and Haynes and Boone LLP served as Goodman Networks' legal counsel on the transaction.
Craig-Hallum Capital Group, LLC is acting as exclusive financial advisor to Multiband and provided a fairness opinion to the Multiband Board of Directors and a special committee of the board. Winthrop & Weinstine P.A. is acting as legal advisor to Multiband and its Board of Directors.
 

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