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SPECIAL REPORT WHO'S WHO IN FINANCE VENTURE CAPITALISTS - Company overview
Husch Blackwell demoted 25 partners after the firm took a look at its requirements for equity partners, the firm's incoming chairman confirmed Monday. Maurice Watson said in a statement that the partners were "reclassified" as fixed-income, or non-equity, partners. As the name implies, fixed-income partners at law firms typically get the majority of their compensation as a fixed salary. Equity partners share in a firm's profits and may have greater voting rights on issues such as directing a firm's finances.
Westmoreland Coal Co.'s largest stockholder has lent the company $15 million so it can complete a series of debt refinancings to stabilize its finances. Tontine Capital Partners LP, a $5.5 billion Connecticutbased hedge fund that owns 17 percent of Westmoreland, bought notes than can be converted into stock. As part of the deal, Tontine also ended an earlier agreement that allowed Tontine to boost its stake to 30 percent.
Citing the effects of declining natural gas prices and drilling activity on the Hiland companies' finances, Harold Hamm lowered the amounts he is offering to take energy company Hiland Partners LP and a related company, Hiland Holdings GP LP, private. Hamm is chairman of both Enid-based companies' general partner corporations.
Real Deals - Farmers and Merchants Bank finances Corky Pork Partners - Brief Article
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