Business Opportunities

by Dave Porter

Make Money Online Wells Financial Corp., holding company for Minnesota-based Wells Federal Bank, said it completed the tender offer to shareholders, buying back 7.3% of its common stock.

Conditions of the tender offer include, among other things, that a majority of the PeoplePC common stock be tendered before the offer expires.

Internet Business Opportunity If you would like to receive late breaking news on stocks covered by AXcess News then you need to subscribe. By joining, you can stay ahead of the pack and receive the latest news in your email in-box first.Print This Page

Microsoft Outlook is the most commonly used email programs on the market today and has easily become the industry standard for which business email is used. Prophet is the complete solution that gives you a Microsoft Outlook business contact manager software system that manages contacts, companies and sales opportunities. Leverage your contacts with complete business contact manager software from Prophet 3.0 and link any contact and company to your sales opportunities.

Free Money Dec 6, 2004 (AXcess News) Wells MN - Wells Financial Corp. (NASDAQ: WEFC), holding company for Minnesota-based Wells Federal Bank, said it completed the tender offer to shareholders, buying back 7.3% of its common stock.

We offer New business loans for the recently formed venture and small business loans to meet financial emergencies. In fact, even people with adverse credit records may apply for our business loans to fulfil their requirement for ready capital. We offer bad credit business loans to cater to this kind of clientele. While bad credit history normally necessiates high interest rates and less than kind terms and conditions, we may just be able to provide you rates that suit your financial condition.

Work At Home Business The buyback, which was conducted in a dutch auction manner, brought in 85,606 shares at a price of $31.50.The buyback was instigated to thwart a takeover attempt by Opportunity Partners. In its attempt to stop the takeover, Wells Financial said in a news release November 19th that it planned to buyback up to 150,000 shares of its common stock off the market.Wells Financial President and Chief Executive Officer, Mr. Lonnie R. Trasamar, made the announcement last month saying, "the Board of Directors has unanimously reaffirmed its position that the company is not for sale."

The companies announced in January a merger agreement in which Navico Acquisition Corp., based Simrad, would acquire outstanding shares of Lowrance for a cash tender of $37 per share.

Free Online Affiliate Program Wells Financial Corp had released its third quarter results one week prior to November 19 announcement. Its earned 40 cents per share for the third quarter compared to $1.00 for the same period last year. The company cited fewer mortgage loans for the period as the reason for the drop.Advertisement

line business or host a web site PoshTots offers several promotional opportunities you don't want to miss!

Auction Coin Money Paper The company reported net income of $471,000 compared to $1,135,000 for the same period last year. For the nine months ending, Wells earned $1,513,000 compared to $3,027,000 last year.

Franchise Business Opportunity In contacting the company, AXcess News learned that Opportunity Partners was a hedge fund, though the bank would not comment further. When asked if the bank holding company was satisfied with buying back 85,000 shares of its target of 150,000, again, the bank would not comment.

Best Free Online Affiliate Shares of Wells Financial closed Monday at $31.96, up 1 cent on volume of 1,651 shares.

Blogging Money Thebillivard AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.

[ Comment, Edit or Article Submission ]