Latest news with #LettersofIntent
Yahoo
3 days ago
- Automotive
- Yahoo
Tim Lamb Group Appoints Paul Minahan Jr. as Director of The Midwest Region
Paul Minahan Jr. Director of the Midwest Region for the Tim Lamb Group Columbus, OH, June 10, 2025 (GLOBE NEWSWIRE) -- The Tim Lamb Group, the largest auto dealership sales and acquisitions firm in North America, is proud to announce the addition of Paul Minahan Jr. as Director of the Midwest Region. Minahan Jr. brings with him more than 40 years of automotive leadership experience, having held key regional and corporate roles with four major OEMs: Chrysler Corporation, Mitsubishi Motors, Mazda USA, and most recently, 17 years with Nissan North America, Inc. In his new role, Minahan Jr. will serve clients across the Midwest from his dual residences in Perdido Key, Florida and Naperville, Illinois. He will assist clients with buying and selling dealerships, facilitating Letters of Intent and Asset Purchase Agreements, evaluating pro-formas, developing operational business plans, and guiding parties through the Dealer Agreement process. Minahan Jr.'s most recent role was as General Manager of Dealer Network Development and Strategy for Nissan and Infiniti. During his six years there, he worked extensively with dealers, attorneys, and accountants, successfully managing dozens of dealership transactions and proposals. 'Paul's deep industry knowledge, unmatched experience, and strong ethical standards make him an ideal fit for our team,' said Tim Lamb, President of the Tim Lamb Group. 'His ability to navigate complex dealer transitions and his longstanding relationships with OEMs and retailers alike will be invaluable to our clients.' As a graduate of Western New England University with a Bachelor of Science in Business Administration (BSBA), Minahan Jr. has built a reputation as a trusted advisor and expert in dealership operations. Reflecting on his decision to join the firm Minahan Jr. stated, 'From the very first conversation I had with Tim, I knew he was a person of strong integrity and a true student of the automotive business. After retiring from Nissan, the opportunity to work with a company of this caliber and leadership became an easy decision.' Minahan Jr. and his wife, Patty, enjoy spending time at the beach and traveling. They have a large, blended family with five children and 11 grandchildren. In his spare time, Minahan Jr. enjoys boating, biking, and reading. About Tim Lamb GroupSince 2006, Tim Lamb Group has been the number one choice for dealers looking to sell, or purchase, a new vehicle dealership. Fifteen regional directors handle billions of dollars per year in transactions for multiple dealer operators in every part of the United States and Canada. The Group has leveraged their factory management experience and retail dealership background to become the largest auto dealership sales and acquisitions firm in North America. For more information and dealerships for sale, visit Attachment Paul Minahan Jr. Director of the Midwest Region for the Tim Lamb Group CONTACT: Dawn Kelley Expand Marketing Group 734-765-1429 DawnK@ Katrina Luts Expand Marketing Group 586-747-7418 KatrinaL@
The Star
22-05-2025
- Business
- The Star
Defence Ministry inks strategic arrangements worth RM11bil at Lima '25
LANGKAWI: The Defence Ministry signed 40 contracts or Letters of Acceptance (LOA), Letters of Intent (LOI), and Memoranda of Understanding (MOU), worth RM11bil, with selected strategic partners during the Langkawi International Maritime and Aerospace Exhibition 2025 (LIMA'25). Defence Minister Datuk Seri Mohamed Khaled Nordin said these contracts involved 40 LOA, two LOI worth over RM30mil, to companies that have been awarded procurement contracts by MINDEF from the end of 2023 to date, and six MoUs between the ministry and selected strategic partners. "However, the total value of the contracts also includes 45 other procurement contracts worth between RM10mil and RM30mil signed previously," he said after the signing and handover ceremony of the contracts, LOA, LOI, and MoU at the Mahsuri International Exhibition Centre (MIEC) here on Thursday (May 22). Mohamed Khaled said the procurement amount increased by about RM1 billion compared to around RM10.1bil, with 43 documents, signed at LIMA '23. All those acquisitions, he said, involve five main areas, namely the acquisition of strategic assets for land, maritime, air defence, cybersecurity, and the facilities and welfare of the Malaysian Armed Forces (MAF). He said that this was done to enhance the readiness of the country's defence assets to the highest level and to strengthen territorial sovereignty, for example, through a LOI to Mildef International Technologies Sdn Bhd for the procurement of 136 units of Type A Armoured Vehicles (KJA) and Infrastructure worth RM1.88bil. He said this is important in efforts to strengthen the readiness of the MAF assets to the maximum level and to support the development of defence capacity and the strengthening of local industry capabilities. He said that the empowerment of MAF's capabilities is also being carried out by ensuring that assets are always in good condition through the enhancement of existing asset capabilities. "Under this aspect, among the contracts that have been sealed include the Maintenance and Repair Contract for the Prime Minister's Class Submarine, worth RM1.02bil, and the obsolescence management service procurement contract for KD Perdana, worth RM48mil," he also said. Empowering the capabilities of the MAF is also important to address non-traditional threats through strengthening national cybersecurity and telecommunications technology such as X-Band Satellites and leasing "Secure Satellite Communication Channels". He added that procurement also involves development and research, including the use of artificial intelligence (AI) and new technologies while emphasising aspects of well-being. - Bernama
Observer
19-04-2025
- Business
- Observer
Oman charts 2025 investment strategy with bold policy reforms
MUSCAT: Oman's Ministry of Commerce, Industry and Investment Promotion (MoCIIP) is advancing its 2025 investment strategy with bold reforms aimed at enhancing the country's investment climate and global competitiveness. Speaking to the Observer, Investment Promotion Under-Secretary Ibtisam al Farooji outlined key 2024 achievements, including a targeted outreach to 200 companies resulting in several Letters of Intent, and the launch of the Oman Exports Platform to boost export visibility. Looking ahead, the Ministry is preparing to host the Advantage Oman Forum to attract global investors. Additionally, 22 new investment opportunities will be unveiled across the governorates, supported by localized strategies and partnerships with consulting firms. 'We reviewed today, during the Ministry's media briefing, the major outcomes of 2024 in the field of investment promotion, with emphasis on the execution of our targeted company outreach strategy,' Al Farooji said. According to the Under-Secretary, the Ministry formed a specialized technical team in collaboration with stakeholders from key economic diversification sectors and the Invest in Oman platform. This joint effort aimed to identify and engage high-potential companies across multiple sectors. 'We successfully targeted around 200 companies, resulting in the signing of several Letters of Intent (LoIs) with interested investors. These were subsequently handed over to the relevant teams to facilitate processing, negotiation, and follow-up,' she explained. Among the Ministry's standout achievements in 2024 was the launch of the Oman Exports Platform, a digital initiative designed to boost the visibility and competitiveness of Omani exports in global markets. 'The platform includes a comprehensive website offering open data to guide exporters into targeted international markets, along with an interactive digital interface that connects Omani exporters with global buyers,' Al-Farooji noted. She stressed that the Oman Exports Platform has become a key tool to empower local exporters, enabling them to expand their reach through structured data and digital connectivity. Turning to the Ministry's agenda for 2025, Al Farooji emphasized that a cornerstone initiative is the comprehensive evaluation of Oman's Foreign Capital Investment Law. 'We have already taken the first step by launching a new interactive feature on the Invest in Oman platform. This tool invites investors to review and provide feedback on the provisions of the law and its executive regulations,' she said. 'It marks a vital preliminary step toward assessing the law's overall effectiveness in attracting foreign capital and improving the business environment.' This participatory approach reflects the Ministry's commitment to engaging stakeholders in shaping policy, with the ultimate goal of enhancing the legal and regulatory framework governing foreign investments. In addition, MoCIIP plans to elevate Oman's global investment profile by hosting the Advantage Oman Forum later this month. The forum will bring together CEOs and top-tier executives from around the world who are exploring investment opportunities in Oman's priority sectors, particularly those linked to economic diversification. The Under-Secretary also reviewed the performance of the Invest in Oman Lounge over the past two years. 'Between 2023 and 2024, the Lounge received approximately 90 serious investment projects, including 40 committed investments and 73 active initiatives. These projects represent an estimated total value of RO 1.8 billion, with the majority concentrated in the manufacturing sector,' she stated. She added that the tangible impact of these projects is expected to materialize within one to two years from their operational start. Regarding geographic equity in investment promotion, Al Farooji reaffirmed the Ministry's efforts to localize opportunities across Oman's governorates. 'Every governorate has a unique competitive advantage or sector that is naturally more attractive for investment. Therefore, in 2025, we are working closely with governors to identify and structure bankable opportunities in the regions,' she said. To support this initiative, three consulting firms have been appointed to frame strategic opportunities tailored to local strengths. 'We anticipate the announcement of 22 new investment opportunities across various governorates during the year,' she added.
Yahoo
03-04-2025
- Business
- Yahoo
Oklo (NYSE:OKLO) Sees 4% Rise Over Last Quarter Amid US$74 Million Net Loss
Oklo recorded a 4% increase in share price over the past quarter, reflecting the company's proactive regulatory engagement and strategic developments in the nuclear energy sector. Key events include significant regulatory engagements with the U.S. Nuclear Regulatory Commission for the Aurora Powerhouse, and a Memorandum of Agreement with the Department of Energy, which bolster the company's potential for growth despite reporting a net loss of USD 74 million in annual financial results. While the broader market has remained flat in recent days, recent tariff announcements have overshadowed many sectors, affecting tech and retail stocks more than companies like Oklo focused on long-term energy solutions. We've spotted 4 risks for Oklo you should be aware of, and 1 of them is concerning. We've found 19 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Over the past three years, Oklo's shares have achieved a total return of 132.58%. Compared to the previous year, Oklo's performance outpaced both the broader US market and the US Electric Utilities industry. Several key developments have contributed to this impressive longer-term return. Noteworthy is the signing of a Master Power Agreement with Switch in December 2024 for 12 GW of power projects, which marked a significant commitment to clean power expansion. Additionally, the partnership under Letters of Intent to provide low carbon power for data centers was a step towards broader infrastructure engagement across the U.S. The company's leadership changes, with the appointment of Daniel Poneman and Michael Thompson to the Board in March 2025, brought expertise in nuclear technology and financing to Oklo, signaling strengthened governance. Strategic alliances, like the MOU with Lightbridge Corporation for nuclear waste recycling, aligned with Oklo's forward-looking approach in the nuclear sector, likely enhancing investor confidence in the company's long-term vision. Explore historical data to track Oklo's performance over time in our past results report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:OKLO. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
