| TFN NEWS BRIEFING: Mergers and acquisitions highlights to 09:20 BST
MILAN (Thomson Financial) - Bologna-based utility company Hera SpA is considering the possibility of merging with Iride SpA -- the group recently created from the merger of the Genoa and Turin utilities -- daily MF reported, without citing sources. 2007-06-06 08:50:00 Vallourec has means to stay independent, make 1 bln eur acquisition - CEO PARIS (Thomson Financial) - Vallourec has the means to remain an independent company and could 'easily' make an acquisition of over 1 bln eur as part of its growth strategy, management board chairman Pierre Verluca said in an interview with Les Echos, published to coincide with Vallourec's AGM today. 2007-06-06 08:35:46 voestalpine does not intend to increase offer for remaining Boehler shares VIENNA (Thomson Financial) - Austria's voestalpine AG does not intend to increase its offer of 73 eur a share for the remaining shares in Boehler-Uddeholm AG, Austrian daily Der Standard quoted Franz Gasselsberger, member of voestalpine's supervisory board, as saying.
Colorado Housing and Finance Authority Improves Lender Experience ...
BELLEVUE, Wash., June 6 /PRNewswire-FirstCall/ Captaris, Inc. , a leading provider of software products that automate document-centric processes, announced today that the Colorado Housing and Finance Authority (CHFA) chose Captaris Workflow to update its loan acquisition process and to provide an enterprise platform for business process automation. By re-engineering its loan acquisition processes with Workflow, CHFA enables lenders to reserve loans in minutes, which has increased sales; has a platform for easy integration with CHFA's Microsoft enterprise applications such as Microsoft BizTalk Server and Visual Studio; and has its services aligned with industry best practices. Read the full case study at http://www.captaris.com/case_studies. Created by the Colorado state legislature in 1973, CHFA is a self-funded organization with a state-appointed board that manages close to $3 billion in assets.
AM Best Upgrades Ratings of the Mutual of Omaha Companies; Revises ...
OLDWICK, N.J.--(BUSINESS WIRE)--June 6, 2007--A.M. Best Co. has upgraded the financial strength rating (FSR) to A+ (Superior) from A (Excellent) and issuer credit ratings (ICR) to "aa-" from "a+" of Mutual of Omaha Insurance Company (Mutual) and its subsidiary, United of Omaha Life Insurance Company (United of Omaha). Concurrently, A.M. Best has upgraded the FSR to A+ (Superior) from A (Excellent) and assigned ICRs of "aa-" to Companion Life Insurance Company (Lynbrook, NY) and United World Life Insurance Company. Additionally, A.M. Best has upgraded the debt rating to "a" from "a-" on Mutual's $300 million 6.8% surplus notes, due 2036. The outlook for all ratings has been revised to stable from positive. All companies (collectively referred to as Mutual of Omaha) are located in Omaha, NE unless otherwise specified.
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