Charles Schwab uses $1 billion in stock to buy OptionsXpress

Today, Charles Schwab Corp. agreed to use $1 billion in stock to purchase OptionsXpress, a retail options brokerage.  The brokerage will be used in the Schwab’s equity and mutual funds offerings.

In the purchase, Schwab agreed to exchange 1.02 of its shares for each OptionsXpress share.  OptionXpress’s acquisition price totaled 20 percent more than their closing price on March 18th.

Since 1999, Schwab has made at least 15 business purchases.  Last year, the company bought Windward Investment Management Inc. for $150 million.

If you are a business owner looking to sell your business or purchase another business, contact the Des Moines business sale and purchase attorneys of LaMarca Law Group, P.C. at (877) 327-2600 to learn more about how we can help you.



ISU purchases veterinary hospital

Upon approval by the Iowa Board of Regents, Iowa State University will purchase Iowa Veterinary Specialties in Des Moines.  The university announced their plans to purchase the emergency and specialty care hospital yesterday.  The purchase will join the IVS as a part of ISU’s College of Veterinary Medicine.

Officials say that the college’s current medical center, Lloyd Veterinary Medical Center, and Iowa Veterinary Specialties will continue to operate separately and will remain in their current locations.

“The timing is right for creating this affiliation.  Our hospital has grown considerably throughout its 30-year history and is well positioned for future growth.  Iowa State can help IVS recognize its potential much sooner than would be otherwise,” said one of the founders of IVS.

Contact the Des Moines business sale and purchase attorneys of LaMarca Law Group, P.C. at (877) 327-2600 today if you are a business owner and have questions about purchasing another business or selling your business.



Exelon purchases John Deere wind

Exelon, one of the nation’s largest utilities providers, recently purchased John Deere Renewables.  Exelon has approximately 5.4 million customers and generates around $17 billion of revenue every year.

John Deere Renewables can provide 735 megawatts of clean wind energy to nearly 220,000 homes.  Under Exelon, John Deere Renewables will change its name to Exelon Wind and will involve 36 wind energy projects in 8 states.

Exelon CEO and chairman John W. Rowe called the purchase “an economically sound transaction that adds value for shareholders”.  In addition, Rowe noted that the purchase will help Exelon to reach its goal of reducing its carbon footprint by 2020.

If you are looking to purchase or sell a business and would like to speak with an experienced business law attorney, contact the business sale and purchase lawyers of LaMarca Law Group, P.C. at (877) 327-2600 today to set up an appointment.



Casey's General Stores purchases Kalbredlo's

Earlier this month, Casey’s General Stores announced the purchase of 44 Kalbredlo’s locations.  The company signed an asset purchase agreement to acquire 22 Kalbredlo’s stores in Nebraska, 21 in Kansas and 1 in Oklahoma.

The Iowa-based convenience store will convert all Kabredlo’s locations into Casey’s General Stores.  President and CEO of Casey’s, Robert Myers, stated, “The acquisition of the Kabredlo’s locations is an excellent fit to our existing store base and will add to our presence in Nebraska and Kansas as well as allow us to penetrate a new state”.

Company executives report that they expect transactions between the two businesses to end in December.  To officially end transactions, both companies are waiting for receipts of inspection and other regulatory approvals.

If you own a businesses and are considering selling your business or purchasing another business, contact the Des Moines business sale and purchase lawyers of LaMarca Law Group, P.C. at (877) 327-2600 to set up an appointment to discuss your options.



Perfection Learning purchases Seattle publisher

The Des Moines publisher, Perfection Learning, recently purchased another publishing company out of Seattle, Oregon.  Perfection Learning publishes language arts text books and materials for kindergarten through 12th grade classes.

The company announced on Monday that they had signed a deal to purchase Seattle-based Kinetic Books.  Kinetic Books publishes digital science and math textbooks.  Company executives have not released details or the price of the sale.

Both companies had been in negotiations over the sale for some time.  Purchasing a business requires significant planning and agreement over several details between companies.  Contact the Des Moines business sale and purchase lawyers of LaMarca Law Group, P.C. at (877) 327-2600 to learn more about the legal process of purchasing a business.



Green Plains Renewable Energy Inc., announces plan to sell

Green Plains Renewable Energy, Inc. has announced that it plans to sell a large portion of its Convertible Senior Notes.

The interest rates, conversion rates and offering price have not been determined and will be negotiated between the company and the purchasers.

The proceeds from this sale will be used for general corporate purchases or possible a short-term investment grade. Green Plains Renewable Energy, Inc. is the country’s fourth largest ethanol producer with an operating capacity of almost 657 million gallons.

If you or a loved one is considering selling your company, you need experienced representation on your side. Contact the Des Moines sale and purchase lawyers of LaMarca Law Group, P.C. by calling (877) 327-2600 today.



Emerson selling LANDesk software

Emerson has announced that they will be selling LANDesk software to Thoma Bravo, a private firm.

LANDesk software, is a information technology systems management company, is based in Salt Lake City and made $150 million revenue in 2009.
The announcement of the sale occurred on Monday, but the terms of the deal have not been disclosed. The final sale is set to be complete in September and the vice president of LANDesk will become the CEO after the sale.

If you are looking to purchase or sell a business, you need experienced representation on your side. Contact the Des Moines business sale and purchase lawyers of LaMarca Law Group, P.C. by calling (877) 327-2600.



Bankruptcy court approves sale of newspaper

A federal bankruptcy court approved the sale of an Ohio-based newspaper chain, Brown Publishing Co. A group of people within the company, led by the current president, wanted to purchase the media company.

The court approved the $26 million sale of the company and ruled the chain could be purchased for $22.4 million. The chain involves papers in Ohio, New York, South Carolina, Iowa, Illinois, and Colorado. The judge did deny the purchase of three properties with the newspaper because she said that they were not marked at the highest price possible.

Many were happy with the sale because it would save over 800 jobs. Brown Media Holdings Co., which is now Brown Publishing Co., filed for Chapter 11 bankruptcy relief in May. Brown is the most recent publishing company that has filed for bankruptcy.

If you are considering purchasing a business, you need experienced representation on your side. Contact the Des Moines business sale and purchases lawyers of LaMarca Law Group, P.C.,  P.C. by calling (877) 327-2600.



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