HIRU CORPORATION (Other OTC: HIRU.PK) is considering a merger with a Canada-based health products company. This company operates a full-service natural health clinic and distributes its signature brand of health products.
The company’s various products promote brain health, pain management and hormone balance, and help combat high blood pressure and high cholesterol. These products come highly regarded by the Chinese market, and have already received positive online testimonials from consumers who say using the products improved their health.
Services at the natural health clinic include specialty massage, EIS scanning, acupuncture, and computer-guided biofeedback scanning.
HIRU is excited at the prospect of merging with this growing medical company, which has distributors and franchise outlets opening across the country. The name, revenues and all other details will be released by the company shortly, as the discussions progress. The company is of the opinion that this is a material event that warrants a public announcement.
Somaxon Pharmaceuticals, Inc. (Nasdaq:SOMX) reported that it intends to offer shares of its common stock in an underwritten public offering. Piper Jaffray & Co. is acting as sole underwriter for the offering.
The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Tejon Ranch Co. (NYSE:TRC) reported that the California Wildlife Conservation Board (WCB) has approved the purchase, for $15.8 million, of five conservation easements covering approximately 62,000 acres of land located on various portions of the 270,000 acre Tejon Ranch.
This furthers the implementation of the historic Tejon Ranch Conservation and Land Use Agreement signed in 2008. The 62,000 acres is a component of the 240,000 acres designated for protection under the 2008 agreement.
Westwood Holdings Group, Inc. (NYSE:WHG) reported the completion of the acquisition of McCarthy Group Advisors, LLC (MGA).
MGA is a registered investment advisor based in Omaha, Nebraska. MGA managed over $1.1 billion in private wealth and institutional client assets as of September 30, 2010, and serves as the advisor to the McCarthy Multi-Cap Stock Fund (MGAMX), a no-load mutual fund.
It is expected that MGA will operate as an Omaha branch of Westwood Trust, a wholly-owned subsidiary of WHG.
WHG had total assets under management of $10.6 billion, including $1.9 billion under management at Westwood Trust, as of September 30, 2010.
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