– Hanmi Financial Corp.
agreed to buy nearly 1.2 million shares of its common stock from Korea Exchange Bank for around $20 million. The purchase price of $17.20 per share is 95 percent of the average closing price of Hanmi’s stock for the five trading days ended Aug. 24, the L.A.-based holding company for Hanmi Bank said in a statement. The transaction is scheduled to close on Aug. 30. Following the deal, Korea Exchange Bank will continue to own about 1.2 million shares of Hanmi’s common stock
Korea Exchange Bank acquired the stock at the time of Hanmi’s April 2004 acquisition of Pacific Union Bank, in which the company was a shareholder.
– Diodes Inc.
registered to sell 2.5 million common shares, 1.75 million of which will be offered by the company. The remaining 750,000 shares will be sold by the Westlake Village-based semiconductor maker’s largest shareholder, Lite-On Semiconductor Corp.
The company has granted underwriters the option to buy an additional 375,000 shares to cover over-allotments. UBS Investment Bank is leading the group of banks managing the offering.
– Computer Sciences Corp.
was conditionally awarded a contract to support the Air Force Air Education Training Command with maintenance and operation services. The El Segundo-based technology service provider estimated the value of the award, which has one base year and nine one-year options, to be $307 million if all options are exercised. Under the agreement, the company would provide base operating support services, including facilities operation and maintenance, receiving and fuels management at the 81st Training Wing at Keesler Air Force Base in Mississippi.
Formal congressional notification of the final decision will be made upon completion of the 30-day public review process.
– Evergreen Development LLC
purchased a 324-unit garden apartment community near Florida State University, in Tallahassee, from Texas-based Fairfield Residential LLC for $32 million. The University Heights at Tallahassee Apartments comprises 319,620 square-feet in 17 three-story apartment buildings built on approximately 28 acres.
The purchase is part of Evergreen’s effort to acquire apartments, mid-rise office buildings, single-tenant industrial complexes and mini-storage properties for between $15 million and $50 million in the West, Southwest, Southeast and Midwest.
– SeeBeyond Technology Corp.
said its shareholders approved the $383 million cash purchase of the company by Sun Microsystems Inc. Under the terms of the agreement, SeeBeyond shareholders will receive $4.25 per share. With the close of the acquisition today, SeeBeyond becomes a subsidiary operating within Sun’s Software Division, and trading of the Monrovia-based company’s common stock has been suspended, Sun said in a statement. Santa Clara-based Sun announced on June 28 that it had agreed to buy SeeBeyond.
