Manchester Inc. Announces Agreement on Continued Funding During Bankruptcy and Agreement to A Proposed Plan to Exit Bankruptcy.

PR Newswire | April 7, 2008 | Copyright

DALLAS, April 7, 2008 /PRNewswire-FirstCall/ -- Manchester Inc. (BULLETIN BOARD: MNCS) announced an agreement to fund company operations during bankruptcy and acceptance of a proposal (the "Proposal") by its senior lender, Palm Beach Multi-Strategy Fund, L.P. ("Palm Beach") which if approved by the Bankruptcy Court, would result in Manchester being reorganized and exiting bankruptcy within a few months. Rick Gaines, Manchester's CEO, stated that the agreement announced today was reached after a flurry of litigation involving Manchester and Palm Beach. As part of that ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Saxon Capital, Inc. Directors Approve REIT Conversion Proposal.
Business Wire ; ...Va.--(BUSINESS WIRE)--Jan. 26, 2004 Saxon Capital, Inc. ("Saxon") (NASDAQ: SAXN), a residential mortgage lender...The REIT conversion is subject to the approval of Saxon's shareholders. After conversion to a REIT, Saxon...
Saxon Capital, Inc. Announces Completion of REIT Conversion.
Business Wire ; GLEN ALLEN, Va. -- Saxon Capital, Inc. ("Saxon") (NASDAQ: SAXND), formerly known as "Saxon REIT, Inc.," a residential mortgage lending and servicing company, today announced that the company has completed its restructuring to...
Saxon Capital, Inc. Announces Shareholder Approval of Proposed REIT Conversion.
Business Wire ; GLEN ALLEN, Va. -- Saxon Capital, Inc. ("Saxon") (NASDAQ: SAXN), a residential mortgage lending and...its shareholders approved the merger agreement providing for Saxon's conversion to a real estate investment trust ("REIT...
Saxon Capital, Inc. Announces the Transfer of its Common Stock to the New York Stock Exchange and Announces its Annual Meeting of Shareholders.
Business Wire ; GLEN ALLEN, Va. -- Saxon Capital, Inc. ("Saxon" or the "Company") (NASDAQ: SAXN), a residential mortgage...on Friday, March 18, 2005. To commemorate the listing, Saxon management expects to ring the bell to open the Exchange at...
Saxon Capital, Inc. Announces Analyst Day to Be Held on May 17, 2005.
Business Wire ; GLEN ALLEN, Va. -- Saxon Capital, Inc. ("Saxon" or the "Company") (NYSE: SAX), a residential mortgage...side analysts on May 17, 2005. The event will be held at Saxon's corporate headquarters, located at 4860 Cox Road, Suite...
Saxon Capital, Inc. Announces First Quarter 2005 Dividend and Payment Information.
Business Wire ; GLEN ALLEN, Va. -- Saxon Capital, Inc. ("Saxon" or the "Company") (NYSE: SAX), a residential mortgage...taxable income to the shareholders annually. Going forward, Saxon expects to declare dividends for the first three quarters...
Saxon Capital, Inc. Subsidiary America's MoneyLine, Inc. to Divest Selected Retail Branch Operations; Enters into Agreement to Sell a Portion of its Traditional Retail Branches; Introduces New Centralized Retail Strategy.
Business Wire ; GLEN ALLEN, Va. -- Saxon Capital, Inc. ("Saxon") (NYSE: SAX), a residential mortgage lending and servicing...disrupted. "This transaction allows America's MoneyLine and Saxon to focus its resources on growing retail originations through...
Saxon Capital, Inc. Announces Pricing of Common Stock Offering of Saxon REIT; 17,000,000 Shares of Common Stock of Saxon REIT To Be Sold at $22.75 Per Share.
Business Wire ; GLEN ALLEN, Va. -- Saxon Capital, Inc. ("Saxon") (NASDAQ: SAXN), a residential mortgage lending and...pricing of the initial public offering of the common stock of Saxon REIT, Inc. ("Saxon REIT"). 17.0 million shares of...
Saxon Middle School Math Shown to Be Effective in Recent Independent Study of Texas Schools.
PR Newswire ; Saxon Students Outperform Non-Saxon Students on State's Standardized TAAS and TAKS Tests AUSTIN...Texas students in the sixth, seventh and eighth grades who used Saxon Middle School Math programs achieved higher performance levels on...
Saxon Financial Announces Sale to IGM Financial subsidiary Mackenzie Financial.
News Wire article from: CNW Group ; ...2008 (Canada NewsWire via COMTEX) -- Saxon Financial Inc. (TSX: SFI) today announced...all the issued and outstanding shares of Saxon by way of a take-over bid. Under the terms of the offer, Saxon shareholders will be offered $21.00...

Find more facts and information related to the article "Manchester Inc. Announces Agreement on Continued ..."