4 February 2010
Local Business News
Posted by Connor under: Clinton; Uncategorized .
Lyondell Basell
India-based Reliance is continuing to try to purchase the bankrupt chemical giant. The offer, initally tendered in November, stands at $13.5b.
The Dutch-based Lyondell is continuing to work through its Chapter 11 reorganization, and recently filed a motion for settling claims of creditors and setting up a litigation trust fund.
Bridgepoint Education-Ashford University
Of course the big news for Bridgepoint and Ashford recently was the purchase of the property of the Clinton Country Club for an undisclosed price $2.5 million.
Ashford University is adding to its educational offerings, most recently adding specializations to its MBA program. Ashford graduated a record number of students at it winter ceremony and attracted a prominent commencement speaker in National Public Radio’s senior correspondent, Susan Stamberg.
RockTenn
RockTenn posted very good earnings growth in its Q1 2010 filing.
The Norcross, Ga.-based packaging and folding cartons maker (NYSE: RKT) had net income of $56.3 million and earnings of $1.43 a share, compared with net income of $30.6 million and earnings of 79 cents a share in the first quarter of 2009.
The company has also recently announced price increases in its corrugated box and sheet as well as its uncoated recycled paper products.
ADM
ADM is beginning initial startup of the bioplastics plant in Clinton.
The cogeneration facility is up and running.
The company also donated 700 tons of rice to Haiti relief.
4 February 2010 at 8:23 pm.
It was in today’s Herald that the Clinton County Club was sold to Ashford for $2.5 million and the club then bought Valley Oaks for $1.5 million. A member of the club told me those figures were accurate.
It remains to be seen what Ashford does with all that green space.