Homestore Stockholders Approve Name Change
Westlake Village-based online real estate services company Move Inc. announced Friday that its stockholders approved the amendments to the company’s restated certificate of incorporation to change the Company’s name from “Homestore Inc.” to “Move Inc.”
The new name reflects the company’s commitment to provide consumers with
the real estate content, decision support tools and professional connections they need before, during and after a move, the company said in a release.
Also during the company’s annual stockholders’ meeting on Thursday, Paul Unruh and Bruce Willison were re-elected as Class I directors. In addition, the owner of the company’s sole outstanding share of Series A Preferred Stock, the National Association of Realtors, re-elected Alan Yassky as a Class I director and the holders of Series B Convertible Participating Preferred Stock, Elevation Partners, re-elected Roger McNamee as a Class I director.
***
Siemens Gets Nod for Diagnostic Products Acquisition
Siemens AG, Europe’s largest engineering company, said it has received German regulatory approval for its $1.86 billion purchase of Los Angeles-based Diagnostic Products Corp., which makes test kits to detect diseases such as cancer and allergies.
Siemens received the clearance from the German Federal Cartel Office. The company announced on Tuesday that the antitrust waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 had expired the day before without regulators taking any action to block the acquisition.
Diagnostic Products shareholders of record at the close of business on June 19 will be eligible to vote on the transaction at special meeting on July 27, the company said.
***
Saehan Bancorp Declares Stock Dividend
Los Angeles-based Saehan Bancorp announced that its board of directors has declared a four percent stock dividend on the company’s common stock. The stock dividend will be payable on July 21, 2006, to shareholders of record on July 5, 2006, with a cash payment for any fractional shares resulting from the dividend calculation.
Saehan Bancorp is the parent of Saehan Bank, which targets the Korean-American community in Los Angeles.
