Associated Materials, LLC Announces Exchange Offer for 9.875% Senior Secured Second Lien Notes

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City of Industry, CA --(www.USEquityNews.com)-- 01/27/2010 - IPOs industry alert provided by U.S. Equity News. CUYAHOGA FALLS, Ohio, -- Associated Materials, LLC ("Associated") announced today that it and its wholly owned subsidiary, Associated Materials Finance, Inc. ("Associated Finance"), have commenced an offer to exchange any and all of their outstanding privately placed $200 million aggregate principal amount of 9.875% Senior Secured Second Lien Notes due 2016 (the "Initial Notes") for newly registered 9.875% Senior Secured Second Lien Notes due 2016 (the "New Notes").


The New Notes are substantially identical to the Initial Notes, except that they have been registered under the Securities Act of 1933, will have no transfer restrictions under the federal securities laws, will not have registration rights and will not have rights to additional interest. [Read the full article]

KANSAS CITY, Mo.--(BUSINESS WIRE)--UMB Financial Corporation (NASDAQ: UMBF), a financial services holding company, announced earnings for the three months ended December 31, 2009, of $23.9 million or $0.59 per share ($0.59 diluted). This is an increase of $3.6 million, or 18.0 percent, compared to fourth quarter 2008 earnings of $20.2 million or $0.50 per share ($0.49 diluted). Earnings for the year ended December 31, 2009, were $89.5 million or $2.22 per share ($2.20 diluted). This is a decrease of $8.6 million, or 8.8 percent, compared to the prior year-to-date earnings of $98.1 million or $2.41 per share ($2.38 diluted).

Excluding the securities transfer product transaction and the Visa, Inc.(Visa)-related transactions during 2008, net income for the year ended December 31, 2009, increased $0.4 million, or 0.4 percent, compared to the same period in 2008. [Read the full article]

DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/13a8c4/zimbabwe_telecom) has announced the addition of the "Zimbabwe - Telecoms, Mobile and Broadband" report to their offering.

Zimbabwe's economy has contracted for ten years in a row under gross mismanagement by its political leaders, sending annual inflation to an unprecedented rate of several billion percent and the exchange rate of the Zimbabwe Dollar to more than 50 billion per US$, until in early 2009 the government finally gave up and allowed foreign currencies as alternative legal tender, which had already been the inofficial fuel of the local economy for years.

The 'dollarisation' has done miracles for the country's telecom industry: Network operators, now able to bill their customers in hard currency, have regained a certain degree of planning reliability and access to funding for network expansions. [Read the full article]

NEW YORK (AP) -- Shares in Andatee China Marine Fuel Services Corp. slid in their trading debut Tuesday even after the company sold 3.1 million shares at the low end of the expected pricing range.

Andatee said Tuesday it raised $19.8 million in the offering, which was initially scheduled to price Jan. 21.

The Chinese fuel oil supplier raised the number of shares being offered to 3.1 million from 2.5 million. They had been expected to price between $6 and $8. The shares were eventually priced at $6.30 apiece.

Analysts say investors are demanding that IPOs price lower in a volatile stock market, especially smaller or riskier deals.

On Monday, China Hydroelectric Corp. said it priced its initial public offering of 6 million units at $16 per unit, within the expected range. It raised $96 million. Its shares dropped $1.55, or 11 percent, to $12.35 on Tuesday.

Copyright © 2009 The Associated Press. All rights reserved. [Read the full article]

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