Tegna shareholders approve $5.4B sale to hedge fund
Media co. to go private after closing
Tysons-based broadcast and digital media giant Tegna Inc.’s shareholders approved an agreement at a special meeting Tuesday for the sale of the company to an affiliate of New York hedge fund Standard General. On Feb. 22, Tegna announced it would be acquired in a $5.4 billion cash deal by an affiliate of Standard General LP.
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UVA Community Credit Union has new president, CEO
Susan Gruber started new position Monday
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UVA Community Credit Union has named Susan M. Gruber as its next president and CEO. Gruber previously served as executive vice president and chief financial officer of Dublin, California-based Patelco Credit Union since 2014, according to a news release. She has also worked as CFO and senior vice president at Jeanne D’Arc Credit Union in Lowell,
Bioscience firm to create 70 jobs in Prince William
Virongy Biosciences will invest $471,000 in expansion
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Manassas-based Virongy Biosciences Inc. will invest $471,000 to expand in Prince William County, creating 70 jobs, Gov. Glenn Youngkin announced Tuesday. The company relocated within Prince William County in February, moving from a roughly 600-square-foot space to about 2,000 square feet in the Northern Virginia Bioscience Center. It plans to develop diagnostic technologies to monitor
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Reston-based LookingGlass acquires Next5
Bryan Ware named as CEO
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Reston-based cyber intelligence firm LookingGlass Cyber Solutions Inc. will acquire Washington, D.C.-based technology consulting firm Next5, the company announced May 11. As part of the acquisition, Next5 CEO and founder Bryan Ware was named CEO of LookingGlass. He is replacing Gilman Louie as CEO, who has moved to the role of executive chairman, LookingGlass spokesperson
Four Va. businesses to receive flood solutions funding
RISE challenge winners could receive up to $300,000 each
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Four Virginia-based small businesses focused on coastal resiliency and flooding will receive funding to develop their products, Norfolk-based nonprofit RISE Resilience Innovations announced Thursday. Divided between rural and urban projects, there were eight winning projects, with the other four based in North Carolina. More than 70 projects were submitted. The urban winners will receive up
Metro CEO, COO resign, effective immediately
Paul Wiedefeld, Joe Leader resign immediately
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Paul J. Wiedefeld, general manager and CEO of the Washington Metropolitan Area Transit Authority, is stepping aside, effective immediately instead of June 30, as he had planned, according to a statement he released Monday night. “I have decided to make my retirement effective today to provide a more timely transition to Interim General Manager Andy
Carlyle Group to acquire ManTech for $4.2B
All-cash transaction expected to close later this year
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Herndon-based ManTech International Corp. has entered into a definitive agreement to be acquired by The Carlyle Group for approximately $4.2 billion, the tech contractor announced Monday. In the all-cash transaction, ManTech shareholders will receive $96 per share in cash, a 32% premium to ManTech’s closing share price of $72.82 on Feb. 2, which was the
Ferguson parent company moves primary listing to NYSE
U.K.-based Ferguson PLC still has standard shares on LSE
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The U.K.-based parent company of Newport News plumbing, HVAC and industrial product distributor Ferguson Enterprises LLC has transferred its primary stock listing from the London Stock Exchange to the New York Stock Exchange, Ferguson PLC announced Thursday. “We are excited to achieve this key milestone as our listing structure is now fully aligned with our
Chesapeake office park sells for $5.7M
Poplar Hill is 94% leased
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Poplar Hill Medical Center, a four-building medical office park in Chesapeake, has sold for $5.7 million, Divaris Real Estate Inc. announced Thursday. Texas-based real estate fund manager Woodside purchased the park in December 2020 and sold it to Charlottesville-based Seminole Trail Properties in a deal that closed May 6. When Woodside bought the property, it
Va. Beach’s Frank Lloyd Wright house is for sale
The Cooke House is on Crystal Lake
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A Virginia Beach house designed by famed architect Frank Lloyd Wright is back on the market for just under $3 million. The 3,020-square-foot home at the city’s North End, on Crystal Lake, was designed in 1953 for Andrew and Maude Cooke and completed in 1959. Maude Cooke wrote a letter to Wright seeking a design
Va. CEOs expect increased sales despite shortages
In Q1 survey, 70% expect sales to increase in next six months
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About 70% of CEOs expect sales to increase in the next six months, despite supply chain and labor shortages, according to the first quarter CEO Economic Outlook survey conducted by the University of Richmond’s Robins School of Business and the Virginia Council of CEOs (VACEOs). Ninety percent of CEOs reported a labor shortage impacting their
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Va. Tech names 2 engineering department heads
Atkins and Kodambaka to start in July, August
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Two departments in Virginia Tech’s College of Engineering will have new leaders beginning this summer, the university announced this week. Suneel Kodambaka has been named head of the Department of Materials Science and Engineering and will start July 1, and Ella Atkins will be head of the Kevin T. Crofton Department of Aerospace starting Aug.
Va. restaurant, travel association names new VP
Brittany Wojdyla promoted
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Richmond-based Virginia Restaurant Lodging & Travel Association has promoted Brittany Wojdyla to vice president of membership and business development, the organization announced Thursday. In her new role, Wojdyla will be responsible for leading the association’s membership efforts throughout the state, developing partnerships and sponsorships, managing events and overseeing marketing and communication strategies. Wojdyla joined VRLTA
Falls Church-based GDIT names VP for client engagement
Seaver held leadership positions with U.S. Postal Service
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Falls Church-based General Dynamics Information Technology Inc. has named Kristin Seaver as its vice president of strategic client engagement, the company announced Monday. Seaver spent more than three decades working for the U.S. Postal Service, including as chief retail and delivery officer, chief information officer and COVID-19 incident commander, as well as in other leadership
Arlington national security tech firm hires CIA vet
Kimber named VP of intelligence community strategy
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Arlington-based Two Six Technologies has hired Elizabeth “Beth” Kimber, who formerly oversaw the Central Intelligence Agency’s network of spies, as vice president of intelligence community strategy, the national security tech firm announced this week. Kimber spent 37 years in the CIA and was the first woman to serve as the agency’s deputy director for operations.
Opinion
Something phishy
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About seven or eight years ago, I was sitting at my desk one morning when I received an urgent text from my then-boss. She was holding a meeting, according to the text, and needed me to purchase $1,000 in electronic gift cards as a giveaway to the attendees as soon as possible. Needless to say,
Commentary: Adjusting to a new shipping reality
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Ocean shipping patterns established during the first year of the pandemic have taken root, and it’s time for shippers to adjust strategies for the long term. That was the takeaway from the first in-person Trans-Pacific Maritime (TPM) Conference in three years, presented in Long Beach, California, in March by IHS Markit Ltd. (now S&P Global
Sound investments
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Let’s simply call it a magazine publisher’s reality check. When news reports of supply chain disruptions and record backups at West Coast ports began to appear last year, I immediately thought, “What’s going on at the Port of Virginia?” When I leave downtown Norfolk, it is almost always via the Midtown Tunnel. Emerging from the
Rising to the challenges
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Last summer, as I was eating dinner at a Norfolk bar with a group of my Lead Virginia classmates from far Southwest Virginia, one of them asked what decision makers in Richmond thought about their region. “Most of them don’t think about it at all,” I replied bluntly and not a little sadly. During my