Latest Miscor Group Ltd (MIGL) Headlines
Integrated Electrical Services Reports Fiscal 2014 First Quarter Results
GlobeNewswire - Mon Feb 10, 3:38PM CST
Integrated Electrical Services, Inc. (or "IES") (Nasdaq:IESC) today announced financial results for its fiscal 2014 first quarter. The results for the first quarter of 2014 include the first full quarter of the Infrastructure Solutions segment, which was created as part of the acquisition of MISCOR Group, Ltd. ("MISCOR") completed on September 13, 2013.
Ryan & Maniskas, LLP Announces Investigation of Pacer International, Inc.
PR Newswire - Tue Jan 07, 9:43AM CST
Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Pacer International, Inc. ("Pacer" or the "Company") (NASDAQ: PACR) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to XPO Logistics in a cash and stock deal valued at approximately $335 million.
Integrated Electrical Services Reports Improved Fiscal 2013 Fourth Quarter and Year-End Results
GlobeNewswire - Tue Dec 17, 4:25PM CST
Integrated Electrical Services, Inc. (or "IES") (Nasdaq:IESC) today announced financial results for its fiscal 2013 fourth quarter and year ended September 30, 2013. The results include the acquisition of MISCOR Group, Ltd. ("MISCOR") completed on September 13, 2013. MISCOR provides electrical and mechanical solutions to the industrial and rail industries both in the United States and abroad and will comprise IES' newly-created Infrastructure Solutions segment. With the acquisition of MISCOR, IES now owns and manages a more diverse group of operating subsidiaries comprised of four principal business segments: Communications, Residential, Commercial & Industrial, and Infrastructure Solutions.
Integrated Electrical Services, Inc. Completes Acquisition of MISCOR Group, Ltd.
Business Wire - Fri Sep 13, 11:00AM CDT
Integrated Electrical Services, Inc. (NASDAQ:IESC) ("IES") today announced that it has completed its acquisition of MISCOR Group, Ltd. ("MISCOR"), a provider of electrical and mechanical solutions to customers both in the United States and abroad. The acquisition of MISCOR is part of IES' strategic plan to invest in companies that meet our strategic and financial criteria and allow us to accelerate the utilization of our net operating loss carryforwards.
Magnetech Announces Authorized Service Agreement with Hyundai Ideal
PR Newswire - Tue Sep 03, 6:30AM CDT
Magnetech Industrial Services, a wholly owned subsidiary of MISCOR Group, Ltd. (OTCQB: MIGL), today announced its authorization as a service provider for Hyundai Ideal Electric Company (HIEC). As a service representative in the U.S., Magnetech is authorized to provide after sales repair and maintenance services for HIEC AC motors and generators.
Integrated Electrical Services and MISCOR Group Announce Merger Consideration Determination
Business Wire - Fri Aug 23, 3:05PM CDT
Integrated Electrical Services, Inc. (NASDAQ:IESC) ("IES") and MISCOR Group, Ltd. (OTCQB:MIGL) ("MISCOR"), today announced the merger consideration to be paid by IES to MISCOR shareholders in connection with the merger of MISCOR into IES Subsidiary Holdings, Inc., a wholly owned subsidiary of IES. Pursuant to the terms of the merger agreement, at the effective time of the merger, each outstanding share of MISCOR common stock will be converted into the right to receive, at the election of the holder, either 0.3118 shares of IES common stock or cash consideration of $1.48, subject to the maximum cash amount payable under the merger agreement. The deadline for elections will be 5:00 p.m., New York time, on September 10, 2013. Any MISCOR shareholder that does not make a valid election prior to the election deadline will be deemed to have elected to receive, and will be paid, the stock consideration.
OTC Daily Alert Stock Watch - Magnetech Industrial Services (OTCQB: MIGL)
WorldStockWire - Sat Aug 10, 7:30PM CDT
OTC Daily Alert tracks stocks daily and is pleased to offer features on public companies. Investors can receive FREE Stock Alerts and company news and profiles by visiting OTC Daily Alert at the following: http://www.otcdailyalert.com
MISCOR Group Announces End of "Go-Shop" Period
PR Newswire - Mon Apr 22, 9:51AM CDT
MISCOR Group, Ltd. (OTCQB: MIGL) ("MISCOR") today announced the expiration of the 30-day "go-shop" period pursuant to the terms of the previously announced Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 13, 2013, by and among MISCOR, Integrated Electrical Services, Inc. and IES Subsidiary Holdings, Inc.
Integrated Electrical Services subsidiary to acquire MISCOR Group for USD24m
M2 - Thu Mar 14, 9:13AM CDT
Integrated Electrical Services Inc (IES) (NASDAQ:IESC), a provider of electrical infrastructure services, revealed on Wednesday that its wholly owned subsidiary IES Subsidiary Holdings Inc has signed a definitive agreement to acquire MISCOR Group Ltd (OTCQB:MIGL).
Integrated Electrical Services and MISCOR Group Announce Signing of Merger Agreement
Business Wire - Wed Mar 13, 3:35PM CDT
Integrated Electrical Services, Inc. (NASDAQ: IESC) ("IES") and MISCOR Group, Ltd. (OTCQB: MIGL) ("MISCOR"), today announced that IES Subsidiary Holdings, Inc., a wholly owned subsidiary of IES, has entered into a definitive merger agreement to acquire all of the outstanding common stock of MISCOR for an aggregate transaction value of approximately $24 million. For MISCOR shareholders, the per share consideration will be based upon MISCOR's average daily debt balance over the 30-day period ending fifteen business days prior to the closing of the transaction. As of March 11, 2013, MISCOR's unaudited average daily debt balance over the prior 30-day period was approximately $7.2 million. MISCOR anticipates that its debt balance at closing of the transaction will be between $6.5 and $5.5 million, which would yield consideration of between $1.48 and $1.57 per share, a 26 to 34 percent premium to MISCOR's 60-day trading ave
MISCOR Group Reports New Financing Arrangement with PNC Bank, N.A.
PR Newswire - Wed Dec 26, 8:06AM CST
MISCOR Group, Ltd. (OTCQB: MIGL), a provider of outsourced maintenance and electro-mechanical repair and complementary services for a diverse range of industries, reported today that it has entered into a new credit facility with PNC Bank, National Association ("PNC"), replacing its secured credit agreement with Wells Fargo Bank, N.A. The new PNC credit facility includes a revolving line of credit and term loan that will be used for working capital, capital expenditures, refinancing of existing debt and general corporate purposes.
Integrated Electrical Services Reports Fiscal 2014 First Quarter Results
GlobeNewswire - Mon Feb 10, 3:38PM CST
Integrated Electrical Services, Inc. (or "IES") (Nasdaq:IESC) today announced financial results for its fiscal 2014 first quarter. The results for the first quarter of 2014 include the first full quarter of the Infrastructure Solutions segment, which was created as part of the acquisition of MISCOR Group, Ltd. ("MISCOR") completed on September 13, 2013.
Ryan & Maniskas, LLP Announces Investigation of Pacer International, Inc.
PR Newswire - Tue Jan 07, 9:43AM CST
Ryan & Maniskas, LLP is investigating potential claims against the board of directors of Pacer International, Inc. ("Pacer" or the "Company") (NASDAQ: PACR) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to XPO Logistics in a cash and stock deal valued at approximately $335 million.
Integrated Electrical Services Reports Improved Fiscal 2013 Fourth Quarter and Year-End Results
GlobeNewswire - Tue Dec 17, 4:25PM CST
Integrated Electrical Services, Inc. (or "IES") (Nasdaq:IESC) today announced financial results for its fiscal 2013 fourth quarter and year ended September 30, 2013. The results include the acquisition of MISCOR Group, Ltd. ("MISCOR") completed on September 13, 2013. MISCOR provides electrical and mechanical solutions to the industrial and rail industries both in the United States and abroad and will comprise IES' newly-created Infrastructure Solutions segment. With the acquisition of MISCOR, IES now owns and manages a more diverse group of operating subsidiaries comprised of four principal business segments: Communications, Residential, Commercial & Industrial, and Infrastructure Solutions.
Integrated Electrical Services, Inc. Completes Acquisition of MISCOR Group, Ltd.
Business Wire - Fri Sep 13, 11:00AM CDT
Integrated Electrical Services, Inc. (NASDAQ:IESC) ("IES") today announced that it has completed its acquisition of MISCOR Group, Ltd. ("MISCOR"), a provider of electrical and mechanical solutions to customers both in the United States and abroad. The acquisition of MISCOR is part of IES' strategic plan to invest in companies that meet our strategic and financial criteria and allow us to accelerate the utilization of our net operating loss carryforwards.
Magnetech Announces Authorized Service Agreement with Hyundai Ideal
PR Newswire - Tue Sep 03, 6:30AM CDT
Magnetech Industrial Services, a wholly owned subsidiary of MISCOR Group, Ltd. (OTCQB: MIGL), today announced its authorization as a service provider for Hyundai Ideal Electric Company (HIEC). As a service representative in the U.S., Magnetech is authorized to provide after sales repair and maintenance services for HIEC AC motors and generators.
Integrated Electrical Services and MISCOR Group Announce Merger Consideration Determination
Business Wire - Fri Aug 23, 3:05PM CDT
Integrated Electrical Services, Inc. (NASDAQ:IESC) ("IES") and MISCOR Group, Ltd. (OTCQB:MIGL) ("MISCOR"), today announced the merger consideration to be paid by IES to MISCOR shareholders in connection with the merger of MISCOR into IES Subsidiary Holdings, Inc., a wholly owned subsidiary of IES. Pursuant to the terms of the merger agreement, at the effective time of the merger, each outstanding share of MISCOR common stock will be converted into the right to receive, at the election of the holder, either 0.3118 shares of IES common stock or cash consideration of $1.48, subject to the maximum cash amount payable under the merger agreement. The deadline for elections will be 5:00 p.m., New York time, on September 10, 2013. Any MISCOR shareholder that does not make a valid election prior to the election deadline will be deemed to have elected to receive, and will be paid, the stock consideration.
OTC Daily Alert Stock Watch - Magnetech Industrial Services (OTCQB: MIGL)
WorldStockWire - Sat Aug 10, 7:30PM CDT
OTC Daily Alert tracks stocks daily and is pleased to offer features on public companies. Investors can receive FREE Stock Alerts and company news and profiles by visiting OTC Daily Alert at the following: http://www.otcdailyalert.com
MISCOR Group Announces End of "Go-Shop" Period
PR Newswire - Mon Apr 22, 9:51AM CDT
MISCOR Group, Ltd. (OTCQB: MIGL) ("MISCOR") today announced the expiration of the 30-day "go-shop" period pursuant to the terms of the previously announced Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 13, 2013, by and among MISCOR, Integrated Electrical Services, Inc. and IES Subsidiary Holdings, Inc.
Integrated Electrical Services subsidiary to acquire MISCOR Group for USD24m
M2 - Thu Mar 14, 9:13AM CDT
Integrated Electrical Services Inc (IES) (NASDAQ:IESC), a provider of electrical infrastructure services, revealed on Wednesday that its wholly owned subsidiary IES Subsidiary Holdings Inc has signed a definitive agreement to acquire MISCOR Group Ltd (OTCQB:MIGL).
Integrated Electrical Services and MISCOR Group Announce Signing of Merger Agreement
Business Wire - Wed Mar 13, 3:35PM CDT
Integrated Electrical Services, Inc. (NASDAQ: IESC) ("IES") and MISCOR Group, Ltd. (OTCQB: MIGL) ("MISCOR"), today announced that IES Subsidiary Holdings, Inc., a wholly owned subsidiary of IES, has entered into a definitive merger agreement to acquire all of the outstanding common stock of MISCOR for an aggregate transaction value of approximately $24 million. For MISCOR shareholders, the per share consideration will be based upon MISCOR's average daily debt balance over the 30-day period ending fifteen business days prior to the closing of the transaction. As of March 11, 2013, MISCOR's unaudited average daily debt balance over the prior 30-day period was approximately $7.2 million. MISCOR anticipates that its debt balance at closing of the transaction will be between $6.5 and $5.5 million, which would yield consideration of between $1.48 and $1.57 per share, a 26 to 34 percent premium to MISCOR's 60-day trading ave
MISCOR Group Reports New Financing Arrangement with PNC Bank, N.A.
PR Newswire - Wed Dec 26, 8:06AM CST
MISCOR Group, Ltd. (OTCQB: MIGL), a provider of outsourced maintenance and electro-mechanical repair and complementary services for a diverse range of industries, reported today that it has entered into a new credit facility with PNC Bank, National Association ("PNC"), replacing its secured credit agreement with Wells Fargo Bank, N.A. The new PNC credit facility includes a revolving line of credit and term loan that will be used for working capital, capital expenditures, refinancing of existing debt and general corporate purposes.
