West Pharmaceutical Services, Inc. (NYSE:WST) announced its intention to consolidate selected operations in order to improve operating efficiencies. The Company expects to close its Montgomery, Pennsylvania, USA manufacturing facility and to downsize operations at its facility in St. Austell, Cornwall, U.K. The Pennsylvania facility has been engaged primarily in contract manufacturing of molded plastic components and assemblies for consumer-product applications. The Cornwall facility produces molded elastomeric components for disposable medical devices, as well as elastomeric and plastic components used in pharmaceutical packaging. Ancillary to the manufacturing changes West is also planning to eliminate a limited number of other operational and administrative roles.
West Pharmaceutical Services, Inc. manufactures and sells components and systems for injectable drug delivery and plastic packaging, and delivery system components for the pharmaceutical, healthcare, and consumer products industries. It operates in two segments, Pharmaceutical Systems and Tech Group.
GAMCO Investors, Inc. (NYSE:GBL) approved a transferable rights offering by the Fund to its shareholders and authorized the filing of an initial registration statement with the U.S. Securities and Exchange Commission. Key aspects of the rights offering, including the timing and the pricing, have yet to be determined. The Board reserves the right to delay or cancel the rights offering.
The Fund believes a rights offering encourages long-term investors to enhance their positions in the Fund. The proceeds from a rights offering will allow the Fund to take advantage of new investment opportunities without having to reduce existing holdings. Increasing the assets of the Fund may also result in certain economies of scale which may lower the Fund’s fixed expenses as a percentage of average net assets. Transferable rights may trade on an exchange allowing non-subscribing shareholders the option of selling their rights on the exchange or through the transfer agent, generally at a low transaction cost.
GAMCO Investors, Inc. is a publicly owned holding investment manager. The firm also provides wealth management, investment advisory, institutional research, brokerage, dealer, underwriting, and distribution services to its clients. It primarily provides its services to individual including high net worth individuals, corporate pension and profit-sharing plans, foundations, endowments, jointly trusteed plans, municipalities, and investment companies.
Corporate Universe Inc. (OTCPK:COUV)
John Ahearn, President, stated, "In a few short weeks we have made great strides in getting our company reorganized and moving forward. I believe that many great things are in store for Corporate Universe Inc. in the future and all of us are working very hard and diligently to make it happen. As part of our growth strategy COUV intends to grow the company both organically and through mergers of successful companies in our business industry or business space. COUV management and the Mina Mar Group Mergers and Acquisition Division will be meeting to discuss potential business opportunities and candidates in the near future."
Corporate Universe Inc. has announced the following corporate and operational matters to its shareholders and followers.
- COUV has opened its new corporate office at 3771 Nesconset Highway, South Setauket, NY. The new office allows COUV to operate all of its divisions and subsidiaries in a centrally located place. Manhattan Transfer Registrar Company will continue to be located in Miller Place.
- Now that the corporate changes are fully implemented, including the name change to Corporate Universe Inc., trading under the symbol (OTCPK:COUV), and the forward split of 10 new shares for each old share of common stock, COUV is ready for business and intends to keep its followers advised on a timely basis.
- COUV corporate website, www.corp-universe.com, went live recently and has officially been launched. The management will continue to update and improve it over the coming weeks.
To learn more about COUV visit: http://www.corp-universe.com
MusclePharm Corporation (OTCQB:MSLP)
MusclePharm Corporation, one of the fastest growing nutritional supplement companies in the United States, has reached an agreement to raise $1.4 million through a convertible promissory note and registration agreement with an accredited investor.
"We are very pleased with the successful completion of the agreement with the investor and believe this capital will support our capital requirements for growth," commented Brad Pyatt, MusclePharm's Chief Executive Officer. "We appreciate our investor's confidence in MusclePharm as we continue to execute our long-term growth strategy."
This capital raise, combined with the previously released fulfillment agreement with IVitals, further enhances MSLP's overall financial strength for future long-term profitable growth. Management will continue to focus on the development, sales & marketing of MSLP's growing portfolio of nutritional supplement products.
Headquartered in Denver, Colorado, MusclePharm is a rapidly expanding healthy life-style company that develops and manufactures a full line of NSF and scientifically approved, nutritional supplements that are 100% free of any banned substances. Based on years of research, MSLP products are created through an advanced six-stage research protocol involving the expertise of top nutritional scientists and field tested by more than 100 elite professional athletes from various sports including the NFL, MMA, and MLB. MSLP's propriety and award winning products address all categories of an active lifestyle including muscle building, weight loss, and maintaining general fitness through a daily nutritional supplement regimen. MSLP is sold in over 120 countries and available in over 5,000 US retail outlets that include GNC, and Vitamin Shoppe, as well as over 100 online stores, including bodybuilding.com, Amazon and Vitacost.com.
To learn more about MSLP visit: http://www.musclepharm.com
BCE, Inc. (NYSE:BCE) announced a 7.7% increase in its annual common share dividend to $1.97 per share for 2011, and plans to accelerate funding of future pension obligations through a voluntary prepayment in December 2010 in the amount of $750 million to Bell Canada's defined benefit pension plan from cash on hand. "Bell continues its strong track record as a dividend growth company, delivering increasing returns to our shareholders in a consistent and financially sustainable manner," said George Cope, President and CEO of BCE and Bell Canada. "The dividend increase reflects our confidence in delivering continued earnings growth and strong cash flow as we accelerate the execution of Bell's 5 Strategic Imperatives. Substantial ongoing cash flow generation and ample liquidity provide us with the financial flexibility to reward shareholders and maintain a strong balance sheet - while continuing our significant investments in broadband networks and other strategic business initiatives to enhance our competitive position."
BCE Inc. provides a suite of communication services to residential and business customers primarily in Canada. Its services include Bell Home Phone local and long distance services, Bell Mobility and Solo Mobile wireless, high-speed Bell Internet, Bell TV direct-to-home satellite and VDSL television, and IP-broadband services, as well as information and communications technology services, such as voice, data, Internet, video, and value-added solutions.
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