About that buyout offer? Never mind.
Amrep Corp.’s largest shareholder said he won’t pursue a buyout of the Princeton-based magazine distributor and provider of other services for publishers.
In a filing with the Securities and Exchange Commission on Thursday, Fort Washington philanthropist and businessman Nicholas G. Karabots withdrew a proposal he made Sept. 8 to buy Amrep for $12 per share.
Stantec Inc., an Edmonton, Alberta, design and consulting firm, has its designs on another Philadelphia architecture firm.
It recently agreed to buy Burt Hill Inc., an architecture and engineering firm with more than 600 employees in 13 offices, including those in India and the United Arab Emirates. In Center City, Burt Hill employs 64 people.
Financial terms of the deal were not announced. Architectural Record, a trade publication, ranked Burt Hill as the 21st-largest architecture firm, with $126 million in total design revenue for 2009.
You may not have heard of the economics and litigation consulting firm Econsult Corp. or the financial advisory firm Fairmount Capital Advisors Inc.
But you may remember that the Convention Center underwent a sweeping change in labor rules several years ago. How about efforts in New Jersey and Pennsylvania to put the finances of Camden and Chester in order? Then there are the ongoing discussions of how Philadelphia should adjust its tax structure.
Econsult and Fairmount have had a hand in all of the above.
What do you get when you cross an economics firm with a public finance consulting firm?
We're about to find out. Econsult Corp. and Fairmount Capital Advisors Inc., both of Philadelphia, said Thursday they will combine into a new venture called the Econsult/Fairmount Group.
While the two firms have some clients in common, they weren't exactly competitors. "While our respective practices are closely related, they don't overlap, so we fit together like pieces of a jigsaw puzzle," said Econsult president David Crawford in a statement.
Would you leave a good career in staffing to sell sportswear in a shaky economy?
John Rapchinski did.
In July 2008, he was named CEO of AC Lordi & Peopleflex Accounting Professionals, a West Chester firm focused on consulting, search and staffing for the accounting and finance sectors.
Sure, the H1N1 influenza had a big impact on the global vaccine producers, including GlaxoSmithKline P.L.C. and Sanofi Pasteur Inc., in 2009.
But another sector is coming clean over its brush with the fast-spreading “swine flu”: the makers of promotional products for advertising purposes.
That’s right, the people who slap corporate logos on millions of pens and coffee mugs every year are gaga over bottles of hand sanitizer.
Few of us have mottoes, but Temple University associate professor Chris Pavlides did.
It was “networking for life,” and last month I wrote about the nonprofit he founded around the concept.
The Greater Philadelphia Senior Executive Group expanded from five or six people meeting face-to-face monthly in 2002 to more than 1,000 members this year. Pavlides said he thought executives who’d climbed the ladder needed a forum where they could share opportunities.
Change doesn’t come quickly to the accounting profession. Rule modifications are proposed, debated and implemented over a period of years.
It’s dominated by a Big Four that’s remained the same since the Enron debacle led to the demise of Arthur Andersen L.L.P. in 2002.
But below the top tier are some regional firms that are involved in so many deals, they could give a few of their clients a run for their money.