BUSINESS BRIEFS
Army contract for GeminiTech
Advertiser Staff and News Services
GeminiTech, a Waipahu-based technology company, said yesterday it secured a five-year, $10 million contract with the U.S Army.
Under the contract, GeminiTech will provide the U.S. Army's 25th Infantry Division with a range of services, including data storage, use of servers and networking solutions.
Founded in 1996, GeminiTech has contracts mainly with local, state and federal agencies.
'AIEA FIRM WILL DREDGE CHANNEL
Healy Tibbitts Builders Inc. in 'Aiea has received a $12.6 million contract to dredge West Loch Channel for the T-AKE vessel at Naval Magazine Pearl Harbor.
The work will provide access and berthing facilities at Wharves W1, W2, and W3 for the T-AKE vessel.
The project also provides horizontal directional drilling construction of a water line under West Loch channel and bank stabilization along the dredged shoreline along Baltimore Point.
Work is expected to be completed by October 2008.
Healy Tibbitts Builders has participated in numerous local public works projects, including the installation of a 5,000-foot-long sewer pipe in the Ala Wai Canal.
PACIFIC INSTITUTE WINS ACCOLADES
Pacific Islands Institute, which runs educational group travel programs, was named 2007 Ecotour Operator of the Year by the Hawai'i Ecotourism Association.
The mission of the Hawai'i Ecotourism Association is to protect Hawai'i's environment and culture through the promotion of responsible travel and educational programs aimed at the public and visitor industry relating to ecotourism issues.
Each year, the association honors a member who best exemplifies an exceptional ecotourism operation in Hawai'i. Pacific Islands Institute has been developing and running educational group travel programs for visitors of all ages for nearly 20 years.
CHICAGO MERC BUMPS UP BID
CHICAGO — Chicago Mercantile Exchange Holdings Inc. sweetened its offer yesterday for the Chicago Board of Trade's parent company in an attempt to end a bidding war, bumping the bid up 16 percent to nearly $10 billion and pledging a hefty stock buyback if the deal goes through.
CBOT Holdings Inc., which operates the Board of Trade, swiftly deemed the bid superior to the unsolicited one by IntercontinentalExchange Holdings Inc., even though ICE's offer is still higher — $10.5 billion versus $9.9 billion, based on yesterday's closing stock prices.
It recommended that shareholders accept the revised bid from the Merc. The counteroffer had been anticipated ever since Atlanta-based ICE launched its surprise effort in March, disrupting the plans announced five months earlier for the Merc to buy CBOT for $8 billion.
