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Restructuring and Recapitalization

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Top Restructuring and Recapitalization Articles

Displaying items 25-36
  • New company emerges as Sparrows Point's high bidder

    New company emerges as Sparrows Point's high bidder
    Court records filed Friday show that the high bidder for the Sparrows Point steel mill is a Missouri redevelopment firm called Environmental Liability Transfer. An official with the company, which bid $72 million, said in an interview Friday that...
  • Maryland's smaller banks may be headed for a wave of mergers

    It's the billion-dollar question for Maryland banks: Do they need at least that much in assets to survive? "Who knows what the magic number is? A billion, $1.5 billion, $750 million?" said Ronald Paul, chairman of Eagle Bancorp, parent of the second-...
  • Owner repositioning Green Spring shopping center for 'national tenants'

    Owner repositioning Green Spring shopping center for 'national tenants'
    The relocation of the Rotunda Mall Giant gives a big boost to Green Spring Tower Square, a small, family-owned shopping center in the Hampden area. Mark Manzo isn't stopping there. In email interviews conducted in the past two weeks, Manzo, a partner...
  • Exelon's first-quarter profit drops 70 percent

    Exelon Corp. reported Friday a 70 percent drop in quarterly profit because of warmer-than-normal winter weather, lower power prices and costs related to its acquisition of Constellation Energy Group. The Chicago-based company earned $200 million, or 28...
  • Rodney G. Stieff

    Rodney G. Stieff
    Rodney G. Stieff, former chairman of the board and CEO of Kirk-Stieff Co., which was the oldest silversmith firm in the country, died Tuesday of kidney cancer at the Blakehurst retirement community in Towson. The former longtime Orchards resident was 87....
  • Joint venture buys Glen Burnie plaza for $17.6 million

    Acadia-MCB Holding Co. LLC, a joint venture between affiliates of Baltimore-based MCB Real Estate LLC and Acadia Realty Trust, announced Wednesday the acquisition of the 265,000-square-foot Arundel Plaza on Ritchie Highway in Glen Burnie. Arundel Plaza,...
  • BGE will seek distribution rate increase

    BGE will seek distribution rate increase
    Baltimore Gas and Electric Co. plans to ask Maryland regulators later this year to allow it to raise rates for the distribution of electricity and natural gas, Chicago-based Exelon Corp., the utility's new owner, said Thursday. Exelon executives told...
  • Maryland proposes how it would spend $113.5 million in BGE fund

    The state outlined Friday how it proposes to spend the $113.5 million that Exelon Corp. agreed to put in a "customer investment fund" as part of its merger with Baltimore Gas and Electric Co.'s parent. The biggest piece — $44 million —...
  • RG Steel's creditors want Rennert to pay over $238 million

    RG Steel's creditors want Rennert to pay over $238 million
    Bankrupt RG Steel's unsecured creditors are seeking permission to sue Ira Rennert — the billionaire who created the company to buy Sparrows Point — for allegedly worsening the steel mill owner's financial situation in order to improve his own....
  • Exelon donations in Maryland made as agreed

    Exelon donations in Maryland made as agreed
    In the year since Exelon Corp. acquired Baltimore's Constellation Energy Group, the company has donated more than $300,000 to first-responders in the region. It is handing out thousands of free trees to Baltimore Gas and Electric Co. customers. It is...
  • Former Constellation CEO Shattuck retires from Exelon — but remains on its board

    Former Constellation CEO Shattuck retires from Exelon — but remains on its board
    Mayo A. Shattuck III, who coordinated the sale of two Baltimore institutions to out-of-state concerns and ran the region's power company for a volatile decade, has retired from the parent of Baltimore Gas and Electric Co. Chicago-based Exelon Corp. didn'...
  • Constellation pulls out of new Calvert Cliffs nuclear power venture

    Constellation pulls out of new Calvert Cliffs nuclear power venture
    Constellation Energy Group walked away this weekend from federal financing negotiations for a proposed third nuclear reactor at Calvert Cliffs in a move that casts the project into doubt and threatens to erase thousands of jobs to build and operate the...