Chittenden Stockholders Approve Merger with People’s United

first_imgChittenden Stockholders Approve Merger with People’s United BURLINGTON, Vt.–Nov. 28, 2007–Chittenden Corporation (NYSE: CHZ) announced today that Chittenden stockholders voted to approve the Agreement and Plan of Merger providing for the acquisition of Chittenden by People’s United Financial, Inc. (Nasdaq: PBCT) at Chittenden’s special meeting of stockholders held on November 28, 2007. The number of shares of Chittenden common stock voting to approve the merger agreement represented approximately 97% of the shares voted and 74% of the total number of outstanding shares. The proposed merger is expected to close on or about January 1, 2008, following the satisfaction or waiver of all of the conditions set forth in the merger agreement, including the receipt of all required regulatory approvals.People’s United Financial, Inc, of Bridgeport, CT, the holding company for People’s United Bank, announced June 27, 2007, a definitive agreement to acquire Chittenden Corporation, based in Burlington, in a stock and cash transaction valued at $1.9 billion. Consummation of the agreement was subject to the approval of the shareholders of Chittenden, as well as various regulatory agencies. People’s United previously announced that December 24, 2007 has been set as the deadline for merger consideration elections in connection with the pending merger. Chittenden stockholders wishing to make an election regarding the consideration they would prefer to receive for their Chittenden shares must deliver to Mellon Investor Services LLC, the exchange agent, properly completed Election Forms and Letters of Transmittal, together with their stock certificates or properly completed notices of guaranteed delivery, by 5:00 P.M., New York City time, on Monday, December 24, 2007. Election Forms and Letters of Transmittal were mailed to Chittenden stockholders earlier this week. Additional copies of such materials may be obtained by contacting Mellon Investor Services LLC, the information agent, at 1-877-251-3508 (within the U.S.) or 1-201-680-6805 (outside the U.S.). This press release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Chittenden intends for these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and is including this statement for purposes of complying with these safe harbor provisions. These forward-looking statements are based on current plans and expectations, which are subject to a number of risk factors and uncertainties that could cause future results to differ materially from historical performance or future expectations. These differences may be the result of various factors, including, amongothers: (1) failure of the parties to satisfy the closing conditions in the merger agreement in a timely manner or at all; (2) failure to obtain governmental approvals of the merger, or imposition of adverse regulatory conditions in connection with such approvals; (3) disruptions to the parties’ businesses as a result of the announcement and pendency of the merger; and (4) costs or difficulties related to the integration of the businesses following the merger. For further information on these risk factors and uncertainties, please see Chittenden’s filings with the Securities and Exchange Commission, including Chittenden’s Annual Report on Form 10-K for the year ended December 31, 2006. Chittenden undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or other changes. Additional Information about the Merger and Where to Find It In connection with the proposed acquisition of Chittenden by People’s United, People’s United has filed a registration statement on Form S-4 with the Securities and Exchange Commission containing a proxy statement/prospectus dated October 19, 2007, which has been mailed to Chittenden stockholders. Investors are urged to read these materials, and any other documents filed by People’s United or Chittenden with the SEC, because they contain or will contain important information about People’s United, Chittenden and the merger. The proxy statement/prospectus and other relevant materials, and any other documents filed by People’s United with the SEC, may be obtained free of charge at the SEC’s website at www.sec.gov(link is external). In addition, investors may obtain free copies of the documents filed with the SEC by Chittenden by directing a written request to Chittenden Corporation, 2 Burlington Square, Burlington, Vermont 05402-0820,Attention: General Counsel. Chittenden is a bank holding company headquartered in Burlington, Vermont. Through its subsidiary banks(1), Chittenden offers a broad range of financial products and services to customers throughout Northern New England, Massachusetts and Connecticut, including deposit accounts and services; commercial and consumer loans; insurance; and investment and trust services to businesses, individuals, and the public sector. Chittenden’s news releases, including earnings announcements, are available on its website at www.chittendencorp.com(link is external). (1) Chittenden’s subsidiaries are Chittenden Trust Company, The Bank of Western Massachusetts, Flagship Bank and Trust Company, Maine Bank & Trust Company, Ocean Bank and Merrill Merchants Bank. Chittenden Trust Company also operates under the names Chittenden Bank, Chittenden Services Group, Chittenden Mortgage Services and Chittenden Commercial Finance, and it owns Chittenden Insurance Group, LLC and Chittenden Securities, LLC. –30–last_img read more

Everest to refurbish existing lawn tennis court

first_imgBy Rajiv BisnauthAFTER being dormant for some time, the existing lawn tennis court at the Everest Cricket Club (ECC) ground will be ready for competitive action by October 15. This disclosure was made yesterday by president Manzoor Nadir, after the club received two timely donations from Insurance giants, Assuria Insurance and New India Assurance companies for the rehabilitation of the Court with immediate effect.Speaking at the simple, but significant handing-over ceremony yesterday at the club’s pavilion, Nadir, a former government minister, pointed out that the demand for the sport by young potential lawn tennis players has driven the club to refurbish the court.“With the demand for younger players, we see the need to reestablish the lawn tennis programme at Everest. ECC is not only a cricket club. In our constitution lawn tennis is another significant part of the club’s activities and in the constitution is imbedded a lawn tennis committee. I emphasised lawn tennis because we have a very active table tennis programme in the club,” Nadir revealed.The club president further stated that immediate works will include the installation of solar lights, new mesh, repainting inside of fence and branding by those who will contribute towards the rehabilitation of the court, along with the repainting of the two side screens.Nadir further stated that the executives intend to make Everest a major lawn tennis venue, with the possibility of making a hard court which is a criterion listed by the International Lawn Tennis Federation.Brand Manager of New India Assurance, Selma Rahman, indicated that the Assurance Company is pleased to be on board with the development of the sport. She encouraged the club to continue the upward mobility so that sport can reach a new level locally.Anthony Niranjan, Motor Supervisor of Assuria Insurance Company, in his remarks, said the company is happy to be part of the rehabilitation exercise of the court, since such a move will not only allow the sport to develop, but also enhance the club’s reputation.last_img read more

Crusader preview: Both Wellington and Rose Hill are looking for their first win of the season

first_imgSuperintendent: Dr. Mark Whitener 150 Clearwater 43 Wellington 14 180 10 220 10 Rose Hill Friday, Sept. 23 Andale Friday, Oct. 7 165 Aaron Schoemann Michael Billington 12 David Matlock 230 18 Manager: Austin Fink 11 15 Mulvane Caleb Alcorn 77 Friday, Oct. 28 3 280 185 5 Caleb Fowler 150 Drake Alcorn 65 2 Caleb Reichenberger 70 72 155 10 Michael Ledbetter 85 home 10 11 10 Braden Struble 180 50 68 away 11 W. Collegiate Spirit Squad: Taylor, McGothlin, Regan Pourner, 170 190 170 10 11 10 190 2016 Wellington Crusader Football Chloe Easterly, Andi Dry, Kelsi Haydon, 10 Eric Kop Bailey Etter 1 12 240 10 Deyton Araujo 130 Chance Wilson Assistant Principal: John Buckendorff 61 Friday, Sept. 30 Logan Jones 165 12 10 Trayson Probst Follow us on Facebook.Follow us on Twitter. 240 78 84 away 10 Lukas Soria 185 Rose HillW. Collegiate 51 Rose Hill 6Mulvane 40 Rose Hill 20.Roster: 270 10 6 220 190 220 Ian Groom De’ Andre Washington 22 10center_img 11 Athletic Director: Luke Smith Julian Jimenez home Tyler Jimenez Principal: Adam Hatifield 10 Gabe Smith Makenna May, Cassidy Harriger, Lexi Saffell, by Tracy McCue, Sumner Newscow — There is little doubt that Wellington so desperately needs to win Friday night. Trouble is, Rose Hill has a similar desperation.The Crusaders will travel to Rose Hill in what will be a battle of two winless teams. The Rockets have a tough row to hoe in the future. But it won’t be like Wellington’s murderous trifecta of Andale, Wichita Collegiate and Scott City in simultaneous weeks.Rose Hill comes into the game on an 11-game losing streak. The last time Rose Hill won was in Oct. 30, 2014 when it beat Mulvane 28-22.After a dreadful 2015 in which the Rockets went 0-9 and never played a close game, Rose Hill fell to Wichita Collegiate 41-6 and Mulvane 40-20 last weekend. It has been a precipitous fall for a program that won a state championship in 2011.The Rockets are chomping at the bits for a victory.Both Rose Hill and El Dorado had similar statistics in games against Mulvane. In week one, El Dorado accumulated 238 yards vs. the Cats while the Rockets had 210. They both gave up large chunks of yards to the Cats 343 to 360.So it might be safe to say on a talent level, El Dorado and Rose Hill are similar.Wellington gave up 355 yards against El Dorado. For the Dukes to see any success this season, the defense has to do better.“I was looking at our defense on Saturday, and sometimes we had five sophomores out there playing at the same time,” said first year head coach Zane Aquilar. “That’s a tough way to go.”Wellington showed much improvement on offense. Wellington had 255 yards in offense including 153 yards passing. The passing game appears to be coming along.It isn’t as if Wellington has not been competitive in the first two games. Wellington was down 14-7 against Clearwater in the first half and tied 6-6 against El Dorado. Many would argue that the Crusaders outplayed the Wildcats in the first 24 minutes.But the second half has been problematic for this young squad which has given up 27 and 28 points in the first two games.The Rockets will feature senior quarterback Grant Moore, a two-year starter, who is 8 of 25 for 98 yards so far this season. Rose Hill has two running backs making yardage. J.J. Carney has accumulated 103 yards on 16 attempts for a 6.44 yard per carry average. Bradly McAllister has 91 yards on 24 attempts.Wellington will go into the game with 564 total yards. Cade Phelps is 11 of 40 for 238 yards. Chris Kop and Colton Glover have each accumulated 133 and 120 yards respectively so far. Runs like the 14-yard touchdown run made by Glover on Saturday when he dragged the whole El Dorado team into the end zone will help this Friday.Joe Ybarra, a sophomore receiver, has four catches for 90 yards. That didn’t include his interception last week. De’Andre Washington, another sophomore, appears to getting his footing with three catches for 70 yards, including a big catch late in the second half vs. the Cats.Aguilar said at this juncture it is about the boys believing in themselves. He is confident that if Wellington competes at the level its capable of, the Crusaders will be victorious Friday night.Wellington-Rose Hill game at a glance:Wellington (0-2) at Rose Hill (0-2), Friday at 7 p.m.Follow the game: Internet: Live twitter blogs on this site, Sumner Newscow. Twitter: Follow us at Cueballnewscow. Radio: Adrian Young and Jamie Cornejo, play-by-play, KLEY, 1130-AM and 100.3-FM. Television: Sumner Cable TV, Channel 5 (audio). Photos and recaps: wellington.cc and Sumner Newscow.Game night weather: Forecasters are calling for 20 percent rain during kickoff and that percentage increases to 35 percent before the conclusion. Bring your umbrella nevertheless.Series history: Wellington holds a 14-3 winning history against Rose Hill.Rose Hill (14-3)1981 – Wellington 33 Rose Hill 61982 – Wellington 37 Rose Hill 71987 – Wellington 35 Rose Hill 121988 – Wellington 26 Rose Hill 161994 – Wellington 48 Rose Hill 161995 – Wellington 33 Rose Hill 61996 – Wellington 40 Rose Hill 01997 – Wellington 30 Rose Hill 02000 – Wellington 56 Rose Hill 02001 – Wellington 38 Rose Hill 132004 – Wellington 28 Rose Hill 202005 – Wellington 20 Rose Hill 352006 – Wellington 6 Rose Hill 21 bi-district.2008 – Wellington 14 Rose Hill 132009 – Wellington 15 Rose Hill 212014 – Wellington 33 Rose Hill 212015 – Wellington 44 Rose Hill 20Game’s significance: With Andale, Wichita Collegiate and Scott City looming, this will be a very big game for the Crusaders.Injury situation: Lukas Soria is out for six weeks. The rest of the team has normal bumps and bruises.•••••Competing schedules: 11 10 140 150 10 El Dorado 34 Wellington 18 215 16 160 12 190 Cade Phelps Chase Pfalzgraf 10 Matthew Mason 21 160 Tatum Witham, Tori Winger, Kayla Billington 12 Jack Walton 60 180 140 Head Coach: Zane Aguilar 12 Brayden Higgenbotham 42 10 Joe Ybarra Varsity Football (all games 7 p.m.) 10 Chris Kop Assistant Superintendent: Brad Morris Scott City home 33 Dylan Goodman Cody Metz WELLINGTON Sponsor: Katie Franke Dylan Ferguson away 165 Nic Reyes 170 Ulysses 160 11 8 Rick Phelps, Tim Lira, Nick Wellington, Ryan Elder Friday, Oct. 21 Chi Barton 135 Assisntant Coaches: Tony Ybarra, Ross Foley, John McComb, 25 Tyler Murray Winfield Conner Burnett 12 Colton Glover 12 12 165 53 51 160 12 79 62 Jason Jeffrey Friday, Oct. 14 Braiden Buresh 63 11 11 220 71 11 Friday, Sept. 16 7 24 66 4 away 10 54 Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more