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Biz Links: Gaymar Industries closing

From Business Today:

Western New York is one of the four big winners across the state in the competition for state money. The local council headed by Howard Zemsky and UB Presdient Satish K. Tripathi put together a presentation that brought home $100 million for local projects. Well done!  

A local medical device maker is closing down its operations here, putting Silicon local Silicon  scull160 people out of work. Gaymar Industries will close its Orchard Park and West Seneca facilities by the end of next year. The company was acquired by Michigan-basedStryker Corp. last year for $150 million. The work being done in Western New York will be transferred in phases toStryker facilities, where local equipment will also be relocated.


First Niagara Financial Group's fundraising efforts have been successful so far. The investment banks underwriting the common stock sale exercised the full option to to buy 3.97 million more shares to Koelmelmeet investor demand for more stock. The sale of common stock is expected to net $467.5 million in proceeds, after underwriting discounts, commissions

and costs.


Who is getting hired, promoted and honored?

 Here comes the snow:



Banks | Manufacturing
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