| Insurance Auto Auctions, Inc. Announces It Has Received Requisite ...
WESTCHESTER, Ill.--(BUSINESS WIRE)--April 6, 2007--Insurance Auto Auctions, Inc. (the "Company") announced today that it had received, as of 5:00 p.m., New York City time, on April 5, 2007, tenders and consents from holders of 100% of the aggregate principal amount of the Company's outstanding 11% Senior Notes due 2013 (the "Notes") in connection with its cash tender offer and consent solicitation for the Notes, which commenced on March 22, 2007. The tender offer and consent solicitation is being conducted in connection with the previously announced merger and related transactions that will result in the Company and ADESA, Inc. becoming wholly owned subsidiaries of KAR Holdings, Inc. (the "Merger"). The completion of the tender offer and consent solicitation is conditioned on, among other things, the closing of the Merger.
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Patent auctions generate big sales
An innovativeChicago intellectual property firm is creating a live auction marketplace, which is rare in an age where many companies are shifting their business online. More than 200 attended Ocean Tomo Auctions LLCs auction Thursday at the Union League Club of Chicago. It was the third such event hosted by Ocean Tomo. This is like the Christies or Sothebys of patent auctions, said George Kelakos of Kelakos Advisors LLC. Opening bids ranged from $10,000 to hundreds of thousands of dollars. Bids were solicited in at least $5,000 increments. The main advantage of the auction is simply that it is one-stop shopping for patents, said Bruce Lehman, former head of the U.S. Patent and Trademark Office. There really isnt any other place you can go to get a wide variety of patents.
Braelinn fundraiser is Saturday
On Saturday, beginning at 5 p.m., Braelinn Elementary School PTO will host “An Evening with the Stars Festival". The event will benefit the replacing of the school's 16-year old gym floor. This exciting fundraiser will be open to the community offering a wide variety of activities for all ages. The evening includes a variety show with dancers and singers; silent and live auctions, dancing, grab bags with surprises, and “Deal or No Deal" opportunities and lots more!! Some of the items included in the auctions are: University of Georgia football helmet autographed by Vince Dooley, Larry Munson, and Mark Richt; acoustic guitar signed by Bono of U2; signed Jimmy Buffett album; signed acoustic guitar by Kenny Chesney; Tiger Woods scorecard with photo collage; resort weekend getaways and more.
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