Eline Entertainment Group, Inc. (PINK SHEETS:EEGI) has completed their merger with Vu365.
Vu365 has been looking to enter the US market for quite some time, and this merger is the perfect opportunity. According to sources, Vu365 offers revenues in the $2 million USD range, with profits of $500,000 USD.
Vu365 is a popular China-based video game designing company. Founded in 2005, the group designs online and casual video games including strategic web games, cyber games and 3D large scale competitive games and has several products in development.
EEGI is happy to have Vu365 on their team and feels that they are a nice complement to their existing subsidiary, Let the Good Times Roll.
Corporate Universe Inc. (Pink Sheets:COUV) recently announced the following corporate and operational matters to its shareholders and followers.
COUV opened its new corporate office at 3771 Nesconset Highway, South Setauket, NY, effective October 4, 2010. The new office will allow the Company to operate all of its divisions and subsidiaries in a centrally located place. Manhattan Transfer Registrar Company will continue to be located in Miller Place.
Now that the corporate changes are fully implemented, including the name change to Corporate Universe Inc. and the forward split of 10 new shares for each old share of common stock, the company is ready for business and intends to keep its followers advised on a timely basis.
COUV corporate website, has officially been launched. The management will continue to update and improve it over the coming weeks.
Corporate Universe operates as a multi-media and software development, production, and distribution company. The company designs and develops database driven Web sites for its clients on a contract basis under the name i2 Media Lab.
Citi reported the renewal of its long-standing partnership with Tractor Supply Company (NASDAQ:TSCO), the largest operator of retail farm and ranch stores in the United States, to administer the private label credit card program for an additional five years, effective November 1, 2010.
Dynegy Inc. (NYSE:DYN) reported that its Board of Directors has approved an amendment to the previously announced merger agreement, dated as of August 13, 2010, providing for the acquisition of the company by Denali Parent Inc., an affiliate of The Blackstone Group (NYSE:BX).
- The merger consideration is increased to $5.00 in cash per share, an 11% increase to the previously-agreed consideration of $4.50 per share, and an 80% premium to the closing share price on August 12, 2010; and
- DYN has agreed to pay BX a $16.3 million (approximately $0.13 per Dynegy share) break-up fee if the merger is not approved by Dynegy stockholders and if within 18 months DYN consummates an acquisition transaction in which DYN�s stockholders receive more than $4.50 per share in consideration.
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