Continental Carriers, Inc is a regulated general commodities motor carrier who had shipping routes up and down the Pacific Coast and to parts of the Midwest. They sought to acquire Midland Freight, Inc to expand its operations and were deliberating about which method to finance the acquisition. The purchase of Midland Freight, Inc would cost $50 million in cash. CCI would gain $8.4 million to its earnings before interest and tax. There were three options that the board of directors debated over:
Words: 842 - Pages: 4
pattern of the southern states’ reluctance to reform is predictable. Since early pre-civil war era, our country has been broken up into many different cultures from our initial settlers. Four of the biggest of these cultures includes Yankeedom, Midland, Appalachia, and the Deep South attempting to expand westerly in an attempt to control the federal government. Yankeedom came from the Puritan’s and their, “city on a hill,” who care about the greater good for all, which meant overlooking no problems;
Words: 1346 - Pages: 6
When Boudicca’s husband died, he made the emperor of Rome and his daughters his heirs in the hopes of keeping his family and kingdom out of the reach of wrong. But the absolute opposite happened. Tacitus, a roman historian, accounts that, “... his kingdom was plundered by centurions, his house by slaves, as if they were the spoils of war.” He also states that Boudicca was scourged and her two daughters were raped. While Cassius Dio writes that the cause of the uprising was a dispute over a loan
Words: 376 - Pages: 2
to sustain continuous growth in revenues and income, management has decidedthat key acquisitions need to be made.The top contender, Midland Freight, Inc., a common carrier company would expand CCI’s route sys tem. The prospect company also demonstrated congruence with the type of marketing and cost reduction programs that ushered CCI’s growth. The owners of Midland agreed to sell it for $50 million in cash. Since the stipulation was for cash, thefunds would have to be acquired externally so as
Words: 401 - Pages: 2
income was a policy of selected acquisitions. Continental Carriers currently has the opportunity to purchase Midland Freight Inc. for a mere $50 million in cash. The decision to move ahead with the purchase has already been unanimously approved by the Board of Directors. No interference from the ICC is expected and the deal should be completed by the first of October. Given that Midland will add nearly $8.5 million to CCI’s earnings before interest and taxes, it is not foreseeable that external
Words: 323 - Pages: 2
Clifford Smith has been exhibiting nationally since 1976. He earned an MFA at the Pratt Institute in Brooklyn, New York in 1979; exhibition highlights include solo shows at the Greenville Museum of Art (Greenville, NC) in 1995, and the Midland Center for the Arts (Midland, MI) in 2010. His work has been part of group shows at several museums including Guild Hall in East Hampton, the Hunter Museum of American Art in Chattanooga and the Arnot Art Museum in Elmira, New York. Clifford Smith’s work is
Words: 429 - Pages: 2
Introduction I am require to obtain a copy of Annual Report and other Financial Information to prepare a report about a selected company. The company I have chosen to base my report on is Morrison supermarket which is a public limited company. Company History The Company was founded by William Morrison in 1899, initially as an egg and butter merchant in Rawson Market, Bradford
Words: 444 - Pages: 2
Lyceum of the Philippines University Batangas City College of International Tourism and Hospitality Management Narrative Report on Room Division Tagaytay Highlands Tagaytay-Calamba Road, Tagaytay, Cavite January 20, 2015 – March 16, 2015 In Partial fulfillment of the requirement for the course HRA 10B For the degree in Bachelor of Science in International Tourism and Hospitality Management Specialized in Hotel and Restaurant Administration Submitted by: Aira O. Mugas
Words: 2226 - Pages: 9
Air-freight Industry Activity A British Airways PLC Activities The Company is engaged in the operation of international and domestic scheduled and charter air services for passengers , cargo and mail. Structure of the company: British Airways is one of the top ten airlines in the world and serves 200 destinations in more than 80 countries. The airline also operates a freight handling centre, Ascentis, which is considered as one of the most advanced freight-handling facilities in the world.
Words: 1087 - Pages: 5
Outside Activity Paper – Baseball Game EPCC vs. Midland El Paso Community College baseball games are great events to attend outside of school. The energy behind the stands and players are very powerful. Everyone is cheering and yelling for their team to win. While I was watching the El Paso Community College baseball game with my beautiful girlfriend, I noticed a diversity of ethnicities among the players. There were Blacks, Caucasian, Hispanics, and Mexicans on the El Paso Community College baseball
Words: 494 - Pages: 2
