Archive: January, 2013
A holding company controlled by JLL will acquire BioClinica, of Newtown, through a cash tender offer at $7.25 per share.
Shares of the publicly traded BioClinica were up 19 percent, of $1.17, at $7.22 in morning trading.
Many are interested in last year’s Jumpstart Our Business Startups Act and how it may make it easier for small businesses to raise capital.
Barely a day goes by that someone isn’t trying to prod me to write about crowdfunding, which would allow small businesses to raise small amounts of money without having to disclose much information to regulators or investors.
But while crowdfunding’s potential gets all the attention, another aspect of the JOBS Act has been having an immediate impact on small community banks: They’re deregistering as reporting companies with the Securities and Exchange Commission and delisting from major stock exchanges.
BGC Partners Inc., a New York brokerage company, started the new year by buying two regional commercial real estate firms, including one in Philadelphia.
Smith Mack, a 28-year-old brokerage with four offices locally, was acquired by BGC, which first got into real estate in October 2011 when it bought Newmark & Co. Real Estate Inc. BGC then scooped up the bankrupt Grubb & Ellis Co. for $47.1 million in April.
On the same day that BGC announced its purchase of Smith Mack, the publicly traded company said it also bought Frederick Ross Co., a commercial brokerage in Denver. BGC did not disclose the financial details of either acquisition.