| Senior Healthcare Consultants (SHC) and Great American(R ...
AUSTIN, Texas, April 12 /PRNewswire/ -- Cincinnati-based Great American Financial Resources, Inc. (NYSE: GFR) ("GAFRI"), a subsidiary of American Financial Group, Inc. (NYSE: AFG), and Senior Healthcare Consultants (SHC), Dallas, TX, the primary career division of RJR Insurance Services, Inc. (RJR), have announced a national marketing partnership focused on driving more supplemental health business through some of the recently acquired insurance company subsidiaries of GAFRI. This partnership represents a decision of GAFRI to distribute their senior products on a nationwide basis through the proven national marketing capability of SHC. Among the insurance companies of GAFRI that specialize in Medicare products, annuities, and senior life insurance that will be among the primary carriers whom SHC will market are Provident American Life & Health Insurance Company, Continental General Insurance Company, and Great American(R) Life Insurance Company.
Little poker machine revenue given back: report
ELEANOR HALL: In Victoria hundreds of millions of dollars from poker machine revenue is supposed to be ploughed back into local communities. But a Monash University report has found that less than three per cent of the $376 million the venues said they gave to philanthropic purposes last year, actually turned up. Instead, pubs and clubs with poker machines are claiming wages and operating expenses like gas and electricity as "community benefits." In Melbourne, Jane Cowan reports. JANE COWAN: Researcher Charles Livingstone doesn't quibble with the tax break given to clubs in Victoria because they're seen as providing a benefit to the community. But the senior lecturer in Health Sciences at Melbourne's Monash University says a community benefit should be a genuine one that actually ends up with charitable organisations.
Court Approves Sale of Werner Co.
GREENVILLE, Pa., April 26 /PRNewswire/ -- Werner Holding Co. (DE), Inc. announced today that the United States Bankruptcy Court for the District of Delaware has entered an order approving the sale of substantially all of Werner's assets to a group including Black Diamond Capital Management, Brencourt Advisors LLC, Levine Leichtman Capital Partners III, L.P., Milk Street Investors LLC, Schultze Asset Management LLC, and the TCW Group, Inc. (TCW). The transaction is expected to close in May of 2007. The transaction, valued at approximately $270 million, represents a higher price than the Stalking Horse bid selected by the Company in March of 2007. The transaction includes a comprehensive agreement among each of the creditor constituencies, the repayment of the Company's first lien debt, a cash distribution to second lien holders, the payment of significant trade claims in the normal course and the potential for unsecured creditors to realize incremental value.
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