Industries

Central Virginia—For the Record

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Circuit City Stores Inc. allowed suitor Blockbuster Inc. look at its books and retained investment bank Goldman Sachs “to assist the company in exploring strategic alternatives to enhance shareholder value.” Blockbuster has made a $6 a share takeover offer for the company. Circuit City also reached an agreement with Wattles Capital Management in which three Wattles nominees were added to the company’s slate of candidates for the board of directors.  (News release)

Dominion Generation, a division of Dominion Resources Inc. of Richmond, plans to build a 300-megawatt wind farm in central Illinois. The operation will have 150-200 turbines and extend over approximately 25,000 acres. (Richmond Times-Dispatch)

First Market Bank in Richmond has created a division to provide leasing options to business customers. The service will be offered by a team of 18 business relationship managers. (News release)

Getloaded.com, a Midlothian-based provider of online transportation services, launched GLWarehouses.com, a venue which allows searches for warehouse space by location or other variables. Warehouse owners will also be allowed free postings of available space. (News release)

The nine-member board of directors of Richmond-based Media General Inc. now includes three directors nominated by Harbinger Capital Partners, a New York-based hedge fund.  In a proxy fight, Harbinger nominees Eugene I. Davis, F. Jack Liebau Jr. and J. Daniel Sullivan replaced three incumbent directors backed by Media General, the parent company of Virginia Business. (Richmond Times-Dispatch)


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