April 2, 200619 yr From the 4/1/06 Dayton Daily News: UPS gives date for pullout at airport Parcel service says June will be final month for 1,250 By Timothy R. Gaffney Dayton Daily News DAYTON — Adding details to an earlier announcement, United Parcel Service Inc. has told its 1,250 Dayton air freight hub workers their jobs will go away in the month of June, a spokesman said Friday. Timing of the Atlanta-based shipper's plans to close the hub at Dayton International Airport hinged on expansion of its main air hub in Louisville, Ky., and construction of five regional hubs at airports across the country. "We had to make sure that construction stayed on schedule," UPS spokesman Norman Black said. "Our current plan is to use the month of June to slowly transition freight operations to Louisville and other facilities." Full article http://www.daytondailynews.com/business/content/business/daily/0401ups.html
April 2, 200619 yr Sh*t this is a bad month for Dayton. This couldn't have come at a worse time but the same could be said for Delphi.
April 21, 200619 yr From the 4/21/06 Dayton Daily News: Clopay may buy MT Picture plant By Doug Page Staff Writer TROY | Clopay Building Products Co. Inc. is ready to spend more than $60 million to buy, renovate and equip the former MT Picture Display plant. The company also plans to create 400 full-time jobs, plus bring another 155 full-time jobs from the company's Russia operations. ... http://www.daytondailynews.com/business/content/business/daily/0421clopay.html
April 22, 200619 yr I wish clopay would have stayed in Downtown Cincinnati. They used to be at 312 Walnut St
April 25, 200619 yr Wow...$25,000. That should go far. $25,000 vs. a ton of money lost in tax revenue due to your departure. Seems fair. :x Though I guess they really weren't obligated to give anything.... UPS giving $25,000 to help fill hub By Timothy R. Gaffney Staff Writer DAYTON — United Parcel Service Inc. is giving the Dayton Area Chamber of Commerce $25,000 to help it find new uses for the air freight hub UPS will vacate in June at Dayton International Airport. The Atlanta-based shipper held a symbolic check presentation Monday in a news conference at the Dayton Convention Center. Chamber President Phil Parker said his organization will use the money to market the hub, which was built to process heavyweight air freight. He said UPS's contribution was a great help in resources to find a new operator. UPS acquired the hub in 2004 when it bought Calif.-based CNF Inc.'s Menlo Worldwide Forwarding subsidiary. In February 2005, UPS announced plans to close the hub and move the heavyweight freight business to its Louisville hub. Full article at http://www.daytondailynews.com/business/content/business/daily/0425ups.html
April 26, 200619 yr From the 4/25/06 Dayton Daily News: State gives OK for money to fund Clopay growth Company plans $60.65M project to buy, renovate and equip building in Troy, add 400 jobs. By Shaheen Samavati Staff Writer COLUMBUS | Clopay Building Products Co. Inc. was approved Monday for millions of dollars in state incentives to expand operations to the former MT Picture Display plant in Troy. "This is a major step toward completing the purchase (of the plant), but we still have some things to work out," said Clopay spokeswoman Mischel Schonberg. "If all goes smoothly we hope to close in the next 90 days or so." ... http://www.daytondailynews.com/business/content/business/daily/0425clopay.html
May 30, 200619 yr From the 5/29/06 Dayton Business Journal: WorkflowOne gets settled in Dayton Dayton Business Journal - May 26, 2006 by Suzelle Tempero DBJ Staff Reporter The merger of Relizon Co. and WorkflowOne is creating a local powerhouse that has companywide growth plans. Tim Schriner, president of WorkflowOne and former head of Relizon's U.S. business, is excited by the expanded products and services the combined document company can offer customers. He believes that as the final kinks get worked out of the merger process -- which began when the purchase of Relizon was announced in November and is expected to be completed by year end -- the company will be able to grow revenue between 5 percent and 10 percent a year. http://dayton.bizjournals.com/dayton/stories/2006/05/29/story5.html
June 9, 200619 yr Dayton Daily News reports Through 2014, the employment growth in the Dayton area will lag behind the rest of the state By Ken McCall Staff Writer DAYTON | Job losses in the thousands are coming to the Dayton area this month, and a recent state report predicts that the region's job outlook will be the worst in the state through 2014. The report in March by the Ohio Office of Workforce Development forecasts that employment in the Dayton Metropolitan Statistical Area — which now is comprised of Montgomery, Miami, Greene and Preble counties — will grow by 6.3 percent or 27,400 jobs from 2004 to 2014. That is the lowest job growth of the eight Ohio metropolitan areas, and is lower by a half point than even the Youngstown area, which is usually at the bottom of the state list. The numbers are sobering for a region that is facing several waves of layoffs in the coming weeks and months. Montgomery County employment officials are now predicting more than 2,700 layoffs by the end of the month and 3,641 by the end of the year. If Delphi Corp., which has filed for bankruptcy, closes its five local plants, the region's layoff total could exceed 9,100 by the end of 2008, said Lucius Plant, work force development coordinator for the Montgomery County Job Center.
June 14, 200619 yr Dayton Daily News op-ed roundtable discussion: Is the Dayton area economy in trouble?
June 14, 200619 yr Dayton metro area monthly nonfarm employment in graphs from 1990 thru April 2006, by 10 economic sectors. As this is monthly it will show seasonal swings, but one can discern overall trends, too, over the past 15 years.... Source: Bureau of Labor Statistics ..this includes retail and wholesale trade. The gains made in the 90s have been largely lost. ...this sector includes restaurants and fast food. ...includes nonprofit associations , repair shops, barbers and beauty shops, etc... ...drop in govt. employment reflects the post cold war downsizing of Wright-Patterson, which is the major govt. employer here. The changning distribution of employment in the Dayton metro area by % A more direct comparison by % and by number of employed What all this shows is that the gains made in the 1990s have disappeared, resulting in an small net overall increase in employment between 1990 and 2006. Actually every sector gained a bit from 1990 thru 1995, except for Government and Manufacturing...manufacturing lost 24,000 jobs while Government lost 8,500 The sector that gained the most was Education & Health (probably more in Health), by 16,400. The next largest gainer was Professional and Buisiness Services, by 6,400 jobs, followed by Leisure and Hospitality, with a net gain of 2,900 jobs. Interestingly, Trade, Transportation, & Utilities, which has replaced manufacturing as the largest employment sector, gained only about 600 jobs over the 15 year period. Ranking economic sector by net job creation: 16,400 Education & Health 6,400 Professional & Buisiness Services 2,900 Leisure & Hospitality 2,700 Other 2,200 FIRE 2,000 Inforation 600 Trade, Transportation, & Utilities @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ It would be interesting to open up the manufacturing roll-up by sub-category and also compare the sectors by cumulative payroll to see how much income was lost over time.
June 14, 200619 yr If you look at it, Dayton has actually held very well, because Akron has lost all of its headquarters, Toledo has lost all of its headquarters, some of the other cities in Ohio have faired very poorly. Akron has lost the HQs of Firestone, General Tire, BF Goodrich and GenCorp. It still has Goodyear, First Merit, First Energy, Omnova, and GoJo. But obviously not a great job is done letting people know those companies are in Akron. I wouldn't think Dayton should ever have a difficult time economically as long as the Wright-Patt is around. All they really need to do is focus more attention on becoming more competitive in the housing market. That would deepen its tax base. Too bad Dayton can't absorb Oakwood. That would take away a lot of the ambivalence people from Dayton seem to have in even visiting Oakwood.
June 15, 200618 yr Akron has lost the HQs of Firestone, General Tire, BF Goodrich and GenCorp. It still has Goodyear, First Merit, First Energy, Omnova, and GoJo. But obviously not a great job is done letting people know those companies are in Akron. I would say its more of a case of the Dayton person quoted as wanting to put a happy face on the predictment by saying "we're not as bad as Akron", when the situation is as bad or worse. I wouldn't think Dayton should ever have a difficult time economically as long as the Wright-Patt is around. All they really need to do is focus more attention on becoming more competitive in the housing market. That would deepen its tax base. Too bad Dayton can't absorb Oakwood. That would take away a lot of the ambivalence people from Dayton seem to have in even visiting Oakwood. The housing market here is pretty affordable. Oakwood is just the top of the market in some respects, or a desireable inner-city suburb. Oakwood is beocming more like, say, Oak Park outside of Chicago or Takoma Park near DC. A lot of young proffessionals who are socially progressive. like older homes and in-town urban neighborhoods, and want good schools and solid property values, are moving into Oakwood east of Far Hills and that Shantz Park area below the hills. This explains why that anti-gay-marriage amendment was defeated in Oakwood back in 2004. The old stereotype of Oakwood as "old money" is there and still somewhat true, but the reality of the place is changing. But that was a bit of a digression. I decided to graph out the employment situation in terms of payroll by sector...looking at $$$ instead of jobs. This is based on the County Buisness Patterns, and they only go as far as 2003. Also the County Buisness Patterns omit "Government", so Wright-Patterson is not picked up. So, for the private sector, for two years 1998 and 2003: And a comparison. Note that the big three in total annual payroll are not necessarily the big three in actuall number of jobs (compared to upthread)..with a big chunk of annual payroll coming in under the Professional and Buisness Services sector... About Wright-Patterson: Wright Patterson's employment has been declining as per the BLS numbers upthread, but this masks a transfer to consultant and contractor work. This would show up in the professional and buisness services, perhaps, which has been increasing, and contributes a big chunk of cumulative payroll, out of porportion to people actually employed in this sector (highly paid scientists, engineers, and other proffessionals and techincians, as well as managers).
June 30, 200618 yr Bad Friday: Area loses about 2,600 jobs In big hits, GM Moraine's third shift is gone and UPS' freight hub closes. Three smaller employers also cut staffs. By Timothy R. Gaffney Staff Writer Nearly 2,600 jobs will disappear from the Miami Valley today as major employers end or scale back operations. United Parcel Service Inc. is to close its air freight hub at Dayton International Airport at noon today, killing about 1,210 jobs at the former Menlo Worldwide Forwarding facility, formerly Emery Air Freight. And General Motors Corp.'s Moraine Assembly plant will not bring back its third shift — 1,150 jobs — after an annual two-week shutdown that starts when the second shift ends tonight. Three smaller employers also are trimming jobs today. • Milwaukee-based Johnson Controls is laying off 115 third-shift workers from its West Carrollton plant, which makes parts for GM's Moraine operation. • Jamestown Industries, an auto supplier also in West Carrollton, is to lay off 90. • Mason-based Centas Corp., the new owner of Van Dyne Crotty Inc., is letting go 30 office workers from Van Dyne Crotty's Dayton operation. Full article at http://www.daytondailynews.com/localnews/content/localnews/daily/063006badfriday.html
July 8, 200618 yr From the 7/8/06 DDN: Clopay to begin operations from Troy in two weeks The building of garage doors will mean a work force of about 550 in three years. By Doug Page Staff Writer TROY | — Clopay Building Products Co. expects to begin manufacturing garage doors at the former MT Picture Display factory by the third week of July. That is if the City Council approves Monday the transfer of one enterprise zone agreement and the creation of another. The Miami County commissioners also will have to approve the measures, likely Thursday, according to Jim Dando, the city's economic development director. ... http://www.daytondailynews.com/business/content/business/daily/070806clopay.html
July 13, 200618 yr I couldn't find a thread to put this in right away, but there probably was one. I'll do it later. But I did want to get this story up right away. Perspectives from other newspapers are usually interesting. From the 7/9/06 Cleveland Plain Dealer: From Dayton's past...to Dayton's future? With automotive jobs nearly gone, the city goes after new technologies Sunday, July 09, 2006 Christopher Montgomery Plain Dealer Reporter Dayton -- He was known as "Boss Ket," and with about 140 patents to his name, he was one of the fathers of the U.S. automotive industry. In Dayton, Charles Kettering was something more. It was here that he co-founded Dayton Engineering Laboratories Co., or Delco, in the early years of the 20th century -- an era of staggering innovation in the city best known for the Wright brothers' invention of the airplane. Kettering has never received the same kind of fanfare as the Wrights, but his inventions made the modern car possible. They include electric ignition and self-starter systems, shock absorbers, four-wheel brakes, the automatic transmission, quick-drying paint and safety glass. ... More at: http://www.cleveland.com/business/plaindealer/index.ssf?/base/business/1152448328256890.xml&coll=2
July 13, 200618 yr These are about as common as the "Believe in Cleveland" "Progressive Cleveland" "LOVE DA CLEVELAND!" threads. "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
July 13, 200618 yr The company town is looking for a new company. (yet this is in a Cleveland newspaper? Why would they even bother writing about Dayton?)
July 14, 200618 yr The company town is looking for a new company. (yet this is in a Cleveland newspaper? Why would they even bother writing about Dayton?) Well, they have to keep Cleveland Positive! Don't you know these things?!?! "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
July 21, 200618 yr From the 7/21/06 Dayton Business Journal: Reynolds to cut 450 jobs Dayton Business Journal - 5:13 PM EDT Friday The Reynolds and Reynolds Co. said it will cut 450 jobs during the next three years, the bulk located at its local headquarters, after announcing Friday that third-quarter profit was up 17 percent. The Kettering-based provider of automotive dealer management software said most of the positions to be cut are tied to overhead and management at its headquarters. In the next 90 days, 170 positions will be eliminated, reducing costs by about $10 million, the company said. ... http://www.bizjournals.com/dayton/stories/2006/07/17/daily30.html?from_rss=1
July 23, 200618 yr Local job efforts lack focus, substance, economist says needs to take advantage of its many engineers, says Wright State professor. By Tom Beyerlein and Margo Rutledge Kissell Staff Writers Reynolds and Reynolds Co.'s announcement Friday that it will cut 450 jobs, most of them in the Dayton area, in the next three years underscores the urgency of developing a new wave of local employers, experts said. That's easier said than done, they acknowledged, as the area continues to be affected by globalization trends and dragged down by its links to the General Motors supply chain. "We have an industry mix that's working against us," said Wright State University economics professor Robert Premus. While old-school manufacturing employers are in layoff mode, he noted, "we're not growing major new companies in town." ... More at: http://www.daytondailynews.com/business/content/business/daily/072306daytonjobsinside.html
July 28, 200618 yr From the 7/28/06 DDN: Dayton, Butler Twp. plan development By Joanne Huist Smith Staff Writer DAYTON — Dayton is teaming up with Butler Twp. to spur economic development around Dayton International Airport. Details of an agreement for a Joint Economic Development District between the two governments are expected to be finalized by Nov. 1... Contact this reporter at (937) 225-2362 or [email protected]. http://www.daytondailynews.com/localnews/content/localnews/daily/072806jedd.html
August 1, 200618 yr From the 8/1/06 DDN: Clopay puts idle Troy plant to use Garage door maker expects to employ 555 workers within three years at former MT Picture Display factory. By By Ben Sutherly (GC: Bye, bye!) Staff Writer TROY | Clopay Building Products Co. will start making garage doors today at the former MT Picture Display plant in Troy after completing its $9.5 million purchase of the property at Interstate 75 and Ohio 55. Mason-based Clopay has promised Troy and state officials to employ 555 people full-time in Troy within three years. Those jobs include: • 155 transferred from the Shelby County village of Russia in the first year. • 100 new jobs in the second year. • About 300 jobs transferred from out of state the third year. ... http://www.daytondailynews.com/business/content/business/daily/080106clopay.html
August 8, 200618 yr Author Reynolds, Houston company merging By John Nolan Staff Writer KETTERING | Reynolds and Reynolds Co. said Tuesday that it plans to merge with Universal Computer Systems Inc. of Houston, Texas, to increase the company's value to shareholders and improve service to auto dealers. The combined company will continue to be known as Reynolds and Reynolds Co., with the products of both companies to be marketed only under the Reynolds brand. Reynolds will continue to have its headquarters and principal operations in the Dayton area. The company provides computers and software to help auto dealers run their businesses. ... http://www.daytondailynews.com/business/content/business/daily/080806reynoldsweb.html
August 9, 200618 yr Author Actually this sounds like it might not be bad for Dayton (unless, of course, you are referring to the first article). Some are saying this is a merger and some are saying Universal Computer Systems bought out Reynolds and Reynolds, but regardless, the new Reynolds & Reynolds will still be headquarted in Kettering. The company should be bigger and better. And although some jobs will undoubtedly be cut because of the merger, hopefully the bulk of the cuts will be in Texas.
August 10, 200618 yr From the 8/9/06 DDN: Deal was 10 months in the making, Reynolds' CEO says Reynolds and Reynolds Co. will be private, as it was for 94 years before it went public in 1960. By John Nolan Staff Writer KETTERING — Reynolds and Reynolds Co. is committed to its deal with Houston-based Universal Computer Systems Inc. and an offer of $40 in cash per share to Reynolds' stockholders even if market speculation should top that figure, Reynolds CEO Fin O'Neill said Tuesday. O'Neill said the owners will include New York-based Goldman Sachs Capital Partners and San Francisco-based Vista Equity Partners, who lead the investor group providing the equity financing for the deal. Bob Brockman, chairman and CEO of Universal Computer Systems, is also among the investors, O'Neill said. ... http://www.daytondailynews.com/business/content/business/daily/080906reynoldsbiz.html
August 11, 200618 yr From the 8/10/06 DDN: Reynolds deal would provide windfall for some Top execs and top investors in line for millions when $2.8B merger with Texas company is done before end of year. By Margo Rutledge Kissell Staff Writer DAYTON — Fin O'Neill, Reynolds and Reynolds Co.'s president and chief executive officer, could receive more than $9 million if the company's $2.8 billion merger with Universal Computer Systems Inc. of Houston, Texas, goes through as planned. The deal, which would turn Reynolds into a private company by year's end, goes to Reynolds' shareholders for a vote by Sept. 30. Holders of Reynolds' common stock would receive $40 per share in cash. ... http://www.daytondailynews.com/business/content/business/daily/081006reynolds.html
August 12, 200618 yr From the 8/9/06 Celina Daily Standard: Celina plant’s future unsure By Tim Cox [email protected] It is too soon to determine the exact effect the merger of Reynolds & Reynolds Co. and Universal Computer Systems will have on the company's Celina production facility. "At this time, I don't know. It's very early in the integration process," Reynolds spokesman Mark Feighery told The Daily Standard this morning. Local officials say they are confident the Celina plant will remain a vital part of the realigned company. ... http://www.dailystandard.com/date/2006/08/09/news/headline3.htm
August 15, 200618 yr From the 8/13/06 DDN: Companies change when they go private Experts offer possible scenarios when Reynolds and Reynolds converts from a public to a private company. By John Nolan Staff Writer KETTERING | When Reynolds and Reynolds Co. converts from a publicly traded company to a privately owned one by year's end, it will immediately be relieved of the extensive financial reporting obligations required of a public company. Managers of privately held companies still answer to investors and boards, but are relieved of the broader scrutiny that publicly traded companies receive, particularly when their quarterly and annual earnings fall short of expectations. Operating outside of the public spotlight can leave management of Reynolds and Reynolds — or any other company making a similar switch — freer to focus on long-term goals, said Robert Premus, a Wright State University professor of economics. ... http://www.daytondailynews.com/business/content/business/daily/ddn081306reynoldsbiz.html
August 19, 200618 yr link The Grand Opening of the Future Energy Centerwill be from 3:00 to 8:00 p.m. on Sunday, August 27 at a new visitor’s center located on the Dull Homestead Farm near Dayton at 10404 National Road, Brookville, Ohio. Located beneath a skyline of six 120’ wind turbines, the Future Energy Center, the environmental branch of the Dayton International Peace Museum, will feature exhibits on alternative energy technologies and ways to conserve resources and the environment. The facility will be partially powered by an innovative, residential hydrogen unit, which has been developed in the Dayton area. Exhibits will give insight into: * Solar * Wind * Hydrogen * Geothermal * Ethanol * Green Building Design * Bio-diesel * Biomass * Methane * Farmland Preservation * Hybrid Vehicles * Open Space * Peak Oil * and More! A boardwalk around a 200-year-old oak tree along a regional bikeway has been constructed by Dayton’s MetroParks in the Dulls’ old growth woods. The international Heifer Project will have some animals at the Center. Entertainment will be provided by the contemporary blue grass band, the Corndaddies, and refreshments will be available. Experts on environmental issues will give talks, including Chris McWhinney, President of Residential Hydrogen Power, Preston Mote, Larry Frimerman of Farmland Preservation, Jim Dillon from Soil and Water Conservation, and Norma McDonald on methane energy. Grand Opening open house: On Sunday, August 27, from 3:00 to 8:00, the public is invited to attend a host of festivities. Not only will you be able to talk with energy experts, but you'll also be entertained by the wonderful and popular Rockabilly band, the Corndaddys! It's an event for the whole family, with food, tours, a "peace train" for the kids, and speakers on exciting energy news. Directions: Located on Route 40 (take I-70 to Exit 21 north to stop sign, then turn left and go one mile to the wind turbines on the Dull Homestead Farm, 10404 National Road (Route 40) in Brookville. One wonders what the "International Heifer Center" is. This place sounds like something right out of the 1970s. Seriously.
August 20, 200618 yr Downtown Partnership to assess its direction An impending change in the presidency gives business group a pause to air concerns, look at goals. By James Cummings Staff Writer DAYTON | Private companies and public institutions such as Sinclair Community College have invested more than $575 million downtown over the past nine years, and more people are living downtown, according to the Downtown Dayton Partnership. But Partnership figures also show the number of people working downtown continues to slowly decrease and office vacancy rates downtown are up. www.daytondailynews.com
August 20, 200618 yr Board member and Montgomery County Administrator Deborah Feldman said it's important for the partnership to continue working on amenities and on making sure people know downtown is safe. "The key is making downtown Dayton a place where people want to work and where employers want to conduct business," Feldman said. What's needed, she said, is more convenient, inexpensive parking, good policing, more housing and more attractions like Fifth Third Field. Well there you have it...parking! Inexespensive, as in "free". I think that "downtown ambassaodrs" program provides the good policing already. That is actually a sucessfull working program for downtown.
August 21, 200618 yr From the 8/18/06 Dayton Business Journal: Local reaction mixed over Reynolds' deal Dayton Business Journal - August 18, 2006 by Suzelle Tempero and Mary Ann Azevedo DBJ Staff Report and contributor Larry Taylor of Beau Townsend Ford is not happy that Reynolds and Reynolds Co. is merging with Houston-based Universal Computer Systems Inc. When he bought his dealership in 1988 he inherited a UCS system, which he left in the dust for Reynolds in 1989. He didn't like UCS' customer service and policy of only selling long-term contracts. "I just know that Reynolds has been far, far better to deal with," Taylor said. "I didn't like UCS, so I left them and now I've got them back. If I had my way I'd undo the merger." ... http://dayton.bizjournals.com/dayton/stories/2006/08/21/story6.html
September 2, 200618 yr It's good to see that nobody's going to go hungry.... :drunk: Reynolds execs to cash in on merger Dayton Business Journal - 1:08 PM EDT Wednesday Reynolds and Reynolds Co.'s merger with a Houston company will spawn millions in cash payments to Reynolds' top executives. Chief Executive Officer Finbarr O'Neill leads the pack with an estimated $9.75 million settlement of his stock options, restricted stock and other equity-based awards, according to regulatory filings late Tuesday. ... http://dayton.bizjournals.com/dayton/stories/2006/08/28/daily16.html
September 5, 200618 yr From the 9/1/06 Dayton Business Journal: Entrepreneur Center seeks new tenants Dayton Business Journal - September 1, 2006 by Suzelle Tempero DBJ Staff Report For most landlords, a 70 percent occupancy rate bodes trouble. But at The Entrepreneur's Center, it means the technology incubator's tenants have been moving onward and upward. So far this year, three companies have graduated from the downtown center... E-mail [email protected]. Call 222-6900, ext. 115. http://dayton.bizjournals.com/dayton/stories/2006/09/04/story6.html?b=1157342400^1339366
September 5, 200618 yr Author This all sounds pretty good. Seems like such a better investment of economic development dollars than just throwing incentives at companies. Hopefully these companies will continue to grow and play a bigger and bigger role in the local economy.
September 5, 200618 yr That sucess rate looks pretty good. I think that Tech Town concept was partly concieved with the Entrepreneur Center in mind, as it could be a place for new companys to relocate to after they leave the incubatory.
September 12, 200618 yr From the 9/8/06 Dayton Business Journal: SEC filings show details of Reynolds deal Dayton Business Journal - September 8, 2006 by Suzelle Tempero DBJ Staff Report It took four offers before Reynolds and Reynolds Co. agreed to merge with a Houston-based company in a $2.8 billion deal. The deal unfolded over 10 months, according to a new filing with the U.S. Securities and Exchange Commission. ... http://dayton.bizjournals.com/dayton/stories/2006/09/11/story6.html From the 9/12/06 Dayton Business Journal: Reynolds shareholders to vote on merger Oct. 23 Dayton Business Journal - 10:21 AM EDT Tuesday The Reynolds and Reynolds Co. has set a special meeting on Oct. 23 for shareholders to vote on its proposed merger with Universal Computer Systems Inc., the local company said Tuesday. The meeting will be held at Reynolds' (NYSE: REY) Research Park headquarters in Kettering and definitive proxy material is scheduled to be sent out around Sept. 22. ... http://www.bizjournals.com/dayton/stories/2006/09/11/daily5.html
September 20, 200618 yr From the 9/19/06 DDN: Feds give green light to Reynolds merger By Dayton Daily News Tuesday, September 19, 2006 KETTERING — Federal regulators have granted clearance for Reynolds and Reynolds Co.'s planned merger with Houston-based Universal Computer Systems Inc., Reynolds said on Monday. The Federal Trade Commission ended a waiting period mandated for examination of merger proposals under federal antitrust law, Reynolds said. The deal is still subject to approval by Reynolds' shareholders. ... http://www.daytondailynews.com/localnews/content/oh/story/news/business/2006/09/18/ddn091906reynolds.html From the 9/15/06 Dayton Business Journal: Shareholder sues Reynolds over merger Dayton Business Journal - September 15, 2006 by Suzelle Tempero DBJ Staff Report Reynolds and Reynolds Co., its nine directors and Universal Computer Systems have been named in a class action lawsuit filed locally. A Reynolds investor, identified only as Advantage Partners, is suing for damages resulting from the boards alleged failure to perform its fiduciary duty, according to a lawsuit filed Sept. 8 in the Montgomery County Court of Common Pleas. The suit alleges that when the Reynolds board of directors agreed to the merger with Houston-based UCS in August, it acted to enrich itself at the shareholders' expense. ... http://dayton.bizjournals.com/dayton/stories/2006/09/18/story3.html
September 22, 200618 yr From the 9/21/06 DDN: Butler Twp., Dayton OK development district By Duante Beddingfield Contributing Writer BUTLER TWP., Montgomery County | Butler Twp. and the city of Dayton have gone through with plans to form a Joint Economic Development District that could be called a win-win. Special legislation was passed two decades ago that allowed the Dayton to annex 750 acres between the west side of the Dayton International Airport and Frederick Pike, though it is not contiguous to the city and is surrounded by land belonging to Butler Twp... http://www.daytondailynews.com/community/content/localnews/neighbors/dayton/2006/09/21/ddn092106z7jed.html
September 28, 200618 yr ... One wonders what the "International Heifer Center" is ... The Heifer Project provides cattle to farmers in developing countries to help them start dairy herds.
October 19, 200618 yr From the 10/12/06 DDN: Reynolds and Reynolds: Suit in opposition to merger settled By John Nolan Staff Writer Thursday, October 12, 2006 KETTERING — Reynolds and Reynolds Co. and Universal Computer Systems Inc., of Houston, said they have settled a shareholder's lawsuit which challenged the pending merger in which Universal will absorb Reynolds. The settlement would restrict Universal's ability to sell Reynolds' assets within a year after the merger becomes effective this month, and provides for the shareholder's lawyers to receive $725,000 in legal fees, Reynolds said in a filing Tuesday with the Securities and Exchange Commission. ... http://www.daytondailynews.com/n/content/oh/story/news/business/2006/10/11/ddn101206reynolds.html
October 20, 200618 yr hey thx fror the news posts grasscat what do you know i have an annuity invested in r&r. i guess we own part of them -- prob at least a desk and some pencils: * Franklin Templeton Investments, San Mateo, Calif.; 3,702,953 total voting shares; $148 million.
October 25, 200618 yr From the AP, 10/16/06: Changes in the air for planes of future Dayton base looks to develop aviation that can ‘morph’ Monday, October 16, 2006 DAYTON (AP) — It’s a bird. It’s a plane. Or it might turn out to be a little like both. Researchers are aiming to find ways to enable aircraft to change shape during flight to improve performance or efficiency. The University of Dayton project is funded by a $580,000 defense contract to further the development of "morphing" aircraft. Modern materials are enabling engineers to take a fresh look at the idea of aircraft that can flex, twist or change shape to make them more maneuverable. NASA and the Defense Department are funding research programs to explore ideas. Read More
October 25, 200618 yr From the 10/21/06 DDN: Reynolds CEO hopes shareholders OK merger Vote is Monday on proposal to join with competitor Universal Computer Systems Inc. By John Nolan Staff Writer Saturday, October 21, 2006 KETTERING — Finbarr J. O'Neill, president and chief executive officer of Reynolds and Reynolds Co., is hopeful that shareholders will vote on Monday to approve a merger that could return the company to private ownership by week's end. The 11 a.m. special meeting of shareholders marks the last approval needed before Reynolds merges with privately held competitor Universal Computer Systems Inc. of Houston to become a private company. Federal regulators have cleared the proposed deal, which could be closed on Thursday. ... http://www.daytondailynews.com/n/content/oh/story/news/business/2006/10/21/ddn102106reynolds.html
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