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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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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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