Rock of Ages announces completion of $25.2 million merger with Swenson Granite of NH

first_imgRock of Ages Corporation (NASDAQ:ROAC) has announced the completion of its previously announced pending merger with a wholly owned subsidiary of Swenson Granite Company LLC, of Concord, NH, whereby Swenson acquired all of the outstanding shares of common stock of the Company that it did not previously own for $5.25 per share in cash. The transaction is valued at $25.2 million. The company is now a wholly owned subsidiary of Swenson. The Swenson family has controlled Rock of Ages for many years and Kurt Swenson has been Rock of Ages’ CEO and chairman. As a result of the merger, the Company’s Class A common stock ceased trading on the NASDAQ Global Market at the close of business on January 19, 2011, and the company expects to deregister and suspend its reporting obligations under the Securities and Exchange Act of 1934, as amended.American Stock Transfer & Trust Company has been appointed to serve as the agent for payment of the merger consideration to Company stockholders, and will promptly mail to stockholders instructions on how to surrender their stock certificates and receive payment for their shares. If a shareholder’s shares of Company stock are held by a broker, nominee, custodian or other fiduciary and is not promptly provided by them with instructions on how to receive payment for the shares, the shareholder should contact them directly for such instructions.Kurt Swenson, Chairman of the Board of the Company, said, ‘We thank our shareholders for their support over the years, and for their approval of the merger proposal, especially the unaffiliated shareholders who own no interest in Swenson, who, by the affirmative vote of approximately 86% of the shares held by those shareholders present in person or by proxy at the special meeting, supported the merger.’ BARRE, Vt.–(BUSINESS WIRE)-1.20.2011last_img read more

Report on competency-based learning offers roadmap for state education officials

first_imgA new report released July 18 discusses how state leaders in K-12 education are rethinking policies to allow students to advance competency-based approaches that allow any time, everywhere learning for today’s youth.‘Unfortunately, many states and school districts are still handcuffed by rigid regulations that prevent them from moving toward the student-centered, performance-based approach,’ Patrick said. ‘This report offers guidance and practical recommendations for state education policymakers.’‘We are proposing what amounts to a vital change in current methods of instruction and measurement so that students can move ahead when they demonstrate knowledge,’ said Susan Patrick, co-author of the report and president of the International Association for K-12 Online Learning (iNACOL).Titled, Cracking the Code: Synchronizing Policy and Practice for Performance-based Learning, the report was unveiled at the Summer Institute of the Council of Chief State School Officers (CCSSO) in Stowe, Vermont. Co-authored by Chris Sturgis, a principal at MetisNet, the report is based on policy recommendations made by education innovators during the 2011 Competency-based Learning Summit convened by iNACOL and CCSSO earlier this year.The report recommends that states begin to transform policies from ‘rigid compliance’ to ‘enabling policies,’ by offering seat-time waivers or ‘credit flex’ policies that allow for the flexibility to offer competency-based learning in K-12 education.A ‘comprehensive policy redesign’ would require competency-based credits, personalized learning plans, information technology, professional development, and quality-control in support of individual student growth for accountability, while aligning higher education with K-12 competency-based efforts. The report also offers states a number of approaches toward tackling emerging state policy issues in order to speed the transition to a competency-based approach.Sturgis said, ‘With state leadership creating the necessary policy conditions to enable children to progress when they have mastered skills, we will finally be able to overcome the inequities of our current education system.’‘Competency-based learning is essential to a future for students in the United States to remain globally competitive, and this transformation in enabling policy must begin at the state level,’ said Patrick.The report is available at www.inacol.org(link is external).About iNACOLiNACOL is the International Association for K-12 Online Learning, a non-profit 501(c)(3) membership association based in the Washington, DC area with more than 3,800 members.iNACOL is unique in that its members represent a diverse cross-section of K-12 education from school districts, charter schools, state education agencies, non-profit organizations, colleges, universities and research institutions, corporate entities and other content and technology providers (www.inacol.org(link is external)). iNACOL hosts the annual Virtual School Symposium (VSS). VSS 2011 is being held Nov. 9 – 11, 2011 in Indianapolis, IN (www.virtualschoolsymposium.org(link is external)).  STOWE, Vt.–(BUSINESS WIRE)–7.18.2011last_img read more

MAN CAUGHT WITH FORGED PRESCRIPTION GIVEN A ‘CHANCE’

first_imgA man who forged his doctor’s prescription but was caught after he spelled the name of the medication incorrectly has been given the benefit f the Probation Act.Ryan Keenan, 19, added an order of Xanax (valium) tablets to the prescription he got from his doctor in Letterkenny.But Keenan was foiled when an eagle-eyed pharmacist noticed the prescription had been spelled incorrectly when he called to the chemist on June 1st, 2011. When the error was pointed out to Keenan by staff at the Central Pharmacy, he fled.Staff at the pharmacy contacted the man’s doctor, Dr Brian McColgan, and he contacted Gardai.Keenan, of 20 Foxhills, Letterkenny, pleaded guilty at Letterkenny District Court in February to using a medical certificate knowing it to be false under Section 26 of the Criminal Justice Act.The court heard how Keenan had become addicted to drink and drugs but his main problem was that he had issues with dealing with people and was extremely shy.Judge Paul Kelly warned Keenan that he was putting himself in danger by taking tablets which had not been prescribed to him.“You are putting yourself in danger I trying to get medicines which are not prescribed for you. If you do this you are putting yourself in serious danger,” he said.The court heard that Keenan was enrolled on a FAS course and was due to travel to Pittsburgh in the US on February 11th for six weeks.Judge Paul Kelly today gave him the benefit of the Probation Service and warned him “I’m giving you a chance – don’t let me see you here again.”MAN CAUGHT WITH FORGED PRESCRIPTION GIVEN A ‘CHANCE’ was last modified: April 22nd, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:GardailetterkennyprescriptionRyan Keenanlast_img read more