Business Services Industry
Late News.(Ullman Electric Co. acquired Phillips Electric )(American Stock Exchange accepted the company's plan)(Securities sanctions imposed on bank units)
Crain's Cleveland Business, February, 2005
ULLMAN ELECTRIC LIGHTS UP DEAL * Ullman Electric Co., which did the electrical work for the House of Blues and Crocker Park, has acquired Phillips Electric of Cleveland for an undisclosed amount. Ullman specializes in retail and commercial electrical work, but lacked the industrial clientele possessed by Philips Electric.
- Shannon Pettypiece AMEX ACCEPTS PARAGON PLAN TO KEEP LISTING * Paragon Real Estate Equity and Investment Trust said the American Stock Exchange accepted the company's plan to allow it to remain listed through Dec. 2. The Amex said Paragon would be subject to delisting proceedings if it doesn't make progress under the plan or begin meeting listing requirements. Paragon chairman James Mastandrea said the REIT continues to look for...
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