Power Corporation (NYSE: GMP) announced today that it has commenced a
"Dutch Auction" self tender offer to purchase up to 800,000, or 14%, of
its common shares (including the associated common stock purchase rights).
Under the terms of the offer, Green Mountain Power shareholders may offer
to sell to Green Mountain Power all or a portion of the shares they own
within a price range of $17.00 to $21.00 per share in cash. The offer
begins today and will expire at 12:00 midnight, New York City time, on
Banknorth Group Inc. (NASDAQ: BKNG)
announced record quarterly net income of $76.9 million, or 51 cents
per diluted share, for the three months ended September 30, 2002, an
increase of 24% from net income of $62.2 million, or 45 cents per diluted
share, for the same quarter a year ago. Exclusive of special charges,
third quarter earnings were $78.3 million, or 52 cents per diluted share,
up 26 % from $62.2 million, or 45 cents per diluted per share, for the
same quarter a year ago.
VERMONT CONVENTION BUREAU TO HOST TELEPHONE SALES BLITZ
Three new trustees have joined the Vermont Law
School Board of Trustees. They are Edwin I. Colodny, Of Counsel to the
law firm of Paul, Hastings, Janofsky & Walker, Washington, DC; Perez
Ehrich, principal, Hemmings Market & Tech Guides, Bennington, VT; and
Thomas Jorling, vice president for environmental affairs, International
Paper Corporation, Stamford, CT.
Dean L. Kinvin Wroth comments, "The board of trustees has been
strengthened by the addition of these highly competent and experienced
Barbara Snelling has been selected as the Vermont Chamber of Commerce Citizen of the Year. Mark and Senator Diane Snelling will present the prestigious award at the 2002 Citizen of the Year Banquet, which will take place Wednesday, October 23 at the Radisson Hotel in Burlington. Vermont Chamber President Chris Barbieri will lead a lively evening of roasts and toasts, with speakers Helen Riehle, Fred Hackett, Sheldon Prentice, Charlie Kittredge, and Rabbi Max Wall.
IDX Systems Corporation (NASDAQ:IDXC) announced that effective January 1, 2003, James H. Crook, Jr will become Chief Executive Officer. Mr. Crook joined IDX in 1981and has been President and Chief Operating Officer of the Company since 1999. He will retain the title of President.
Current Chief Executive Officer Richard E. Tarrant will be named Chairman of the Board and Robert H. Hoehl, current Chairman, will become Vice Chairman. Mr. Tarrant and Mr. Hoehl founded IDX in 1969.
Calling all Vermont businesses! The annual Vermont Chamber of Commerce Business and Industry Exposition (EXPO) is now accepting proposals for seminars, workshops, or panel presentations. The nineteenth annual EXPO is slated for May 21 and 22 2003, once again at the Sheraton Burlington Hotel and Conference Center.
Jim Fitzpatrick, Educational Consultant from So. Burlington, will deliver keynotes on “Developing Responsible Behavior” to international school faculties on Nov. 28 in Yokohama, Japan; Jan. 27 in Budapest, Hungary; Jan 31 in Paris, France and on March 14.
Green Mountain Power, in an effort to stimulate more use of technology by the private sector to spur economic growth, has contributed $30,000 toward Champlain College’s capital campaign to help fund three new facilities at the college.
The Vermont Captive Insurance Association (VCIA) has announced new appointments to the Board of Directors for a three year term. The new board members are: John S. Alberici, President, Contractors Casualty Company; Tina Truax McCuin,Vice President and Captive Insurance Consultant, Banknorth Investment Management Group, N.A.; and Michael K. Smith, Executive Vice President, Yankee Captive Management, Inc. They join continuing directors Richard McCarthy (Chair), Title Industry Assurance Company RRG; Jon Harkavy, Risk Services, LLC; Brian Donovan, Steel Tank Insurance Company; Robert L.
Lang Associates, Vermont’s premiere Real Estate firm, takes
great pleasure in welcoming the addition of Geri M. Barrows to its sales team. Barrows
brings 13 years of legal and real estate experience to her new position.
A native Vermonter, Barrows resides in Colchester with her husband Corey and their three
children--Danny, Brittany & Brooke.
Prior to joining Lang, Barrows worked for
Kolok Development at Marble Island. She can be reached at (802) 846-7834; email
The Vermont Tax Practitioners Association (VTPA) will hold its next regular meeting on Tuesday, October 15th from 9:30 a.m. until 2:30 p.m. at the Best Western Hotel (formerly the Holiday Inn) just off Exit 10 of I-89 in Waterbury, Vt.
The morning session will be on “Retirement Planning” and will be presented a representative of the Internal Revenue Service in the Taxpayer Education & Communication Division. The presentation will examine the issue from the perspective of both sole proprietors and plan trustees.