Allegiance Capital Corporation Announces Successful Divestiture of SIG-Stewart Systems, Inc.Business Editors DALLAS--(BUSINESS WIRE)--Aug. 27, 2003 Allegiance Capital Corporation, a Dallas-based investment banking firm, today announced that it has aided in the successful divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). of SIG-Stewart Systems, Inc., a wholly owned U.S.-based subsidiary of SIG Holding, Ltd. SIG, a Swiss public company headquartered in Neuhausen, Switzerland, is a 150-year old packaging company with annual revenues of more than $2 billion USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . The company offers comprehensive packaging solutions on a worldwide basis for customers and consumers for virtually any product or application using a wide variety of aseptic aseptic /asep·tic/ (-tik) free from infection or septic material. a·sep·tic adj. Of, relating to, or characterized by asepsis. and non-aseptic materials. Stewart Systems, Inc., a non-core asset, designs and manufactures capital equipment for the bakery industry. The company, which sells its equipment internationally, was purchased by UCA Group, a privately held multi-national company with its international headquarters in Elgin, Illinois
Allegiance Capital Corporation acted as the exclusive financial adviser to the owners of SIG Holding, Ltd. About Allegiance Capital Corporation Allegiance Capital Corporation is a Dallas-based, full-service investment banking firm specializing in the middle-market segment. Through its worldwide network, Allegiance assists in every aspect of financing a business, including mergers and acquisitions, debt restructuring Debt Restructuring A method used by companies with outstanding debt obligations to alter the terms of the debt agreements in order to achieve some advantage. Notes: , mezzanine financing Mezzanine Financing A hybrid of debt and equity financing. Mezzanine financing is typically used to finance the expansion of existing companies, and it is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the , buyout management, strategic partnering, consulting and other related services. More information about Allegiance Capital Corporation can be found at www.allcapcorp.com. |
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