LEWISTON — After a two-hour meeting, shareholders approved the sale of Oxford Networks to the Montreal private equity firm Novacap in a vote at Oxford’s Data Center at Brunswick Landing. “We walked the shareholders through the process we followed to really find the best partner and best way to appropriately capitalize this company to grow,” […]
sale
Posted inBusiness
Montreal firm buys Oxford Networks
LEWISTON — Oxford Networks has inked a deal to sell all of its stock for an undisclosed amount to the Montreal-based private equity firm Novacap. Oxford President and CEO Craig Gunderson said Wednesday the deal will help the company move ahead with “product evolution.” One of the first steps: an expansion at its two-year-old Data […]
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Posted inFranklin
Sale of NewPage gives hope to workers, industry
The announcement of the sale of NewPage Holdings Inc. to Verso Paper on Monday has given people in the industry and associated parties hope that a stronger paper company will emerge. Verso Paper plans to buy NewPage’s seven mills in the United States, including the Rumford mill, for $1.4 billion. The deal, subject to regulatory […]
Posted inMaine, sj-web
Hospital furniture sale attracts bargain hunters
AUGUSTA (AP) — A chance to pick up bargain furniture and other items from the old MaineGeneral Medical Center attracted so many shoppers that officials canceled plans to extend the sale for another day. The Portland Press Herald reports that about 1,000 items sold in less than three hours Saturday, prompting Sunday’s sale to be […]
Posted inLewiston-Auburn
New Gloucester seeks legal opinion on fireworks ordinance
NEW GLOUCESTER — The Board of Selectmen voted 3-2 Monday to send an ordinance banning the sale of fireworks in town to an attorney for review. John Randall of the town Public Safety Committee brought the ban request before the board. It would bar all sales except to a person who has a fireworks display […]
Posted inAdvertiser Democrat, Connections
Pew sale to fund repairs for historical society
MECHANIC FALLS — In a move to raise funds to assist in the renovation of the Mechanic Falls Historical Society building, the society is offering 12 sections of church pews of the former home of the First Congregational Church for sale. The pews date back to 1848 when the building was erected. The intended purpose […]
Posted inMaine, sj-web
Retired judge to probe Bath building sale
BATH (AP) — A former Maine Superior Court judge has been hired to investigate the disputed sale of city-owned property in Bath. The city sold the former Bath Memorial Hospital building in May for $799,000. The council on April 17 unanimously approved the deal. The building is assessed at $6.5 million. Critics said the city […]
Posted inMaine, sj-web
Portland City Council approves controversial sale of publicly owned plaza
PORTLAND — The Portland City Council decided on Monday night to sell about two-thirds of the publicly owned Congress Square Park to private developers, who wish to use the space to expand on the former Eastland Park Hotel. The deal proposal, which was amended several times during more than two hours of council deliberation Monday […]
Posted inMaine, sj-web
Bath hires investigator to probe city sale of $6.5 million property for $800,000
BATH — After being besieged by questions from residents, the Bath City Council on Wednesday decided to appoint an independent investigator to look into the controversial sale of city-owned property in May. The council also unanimously approved a new policy, drafted by the Economic Development Committee, that governs the sale of city-owned property. Councilor David Sinclair, who has […]