Kansas City-based CopperPoint has been acquiring smaller plumbing companies and putting them under its umbrella. Its latest hails from the Memphis area.
UMB's lawsuit claimed Bristol Myers Squibb slow-rolled FDA applications to avoid $6.4 billion in payments. A judge dropped the case on a technicality, but UMB vows to press on.
Ferrellgas took on more debt to back a $190 million bond for its appeal of a $171.5 million verdict. The company reported that the move could put the company in jeopardy in the next year.
ESOPs deliver much promise for recruitment, retention and culture, but a crucial — and tricky — piece of the puzzle is managing finances to absorb employee departures, handle a potential sale of the business and continue investing in employees and the company.