Public comPany downfall by ssh14851


									Public comPany downfall                                                          uncHanged
There were 48 publicly traded companies in Alabama in 1998, but the number of companies whose shares trade on major exchanges has dwindled.
comPany                                      business                                          Headquarters           fate
Adtran Inc.                                  computer networking gear                          Huntsville             Unchanged
Alabama National BanCorp                     bank holding company                              Birmingham             Acquired in 2006 by RBC
Alfa Corp                                    insurer                                           Montgomery             Went private in 2008
American Buildings Co.                       steel building manufacturer                       Eufaula                Acquired in 1999
AmSouth Bancorp.                             bank holding company                              Birmingham             Combined with Regions Financial, 2006
BioCryst Pharmaceuticals                     drug developer                                    Birmingham             Unchanged
Birmingham Steel                             steel mill                                        Birmingham             Acquired in 2002
Blount International                         power tools, industrial equipment                 Montgomery             Moved to Oregon, 2002
Books-A-Million                              retail bookstore chain                            Birmingham             Unchanged
Boyd Brothers Transportation                 trucking                                          Clayton                Went private in 2004, citing compliance costs
Cavalier Homes                               manufactured houses                               Addison                Acquired 2009 by Berkshire Hathaway
Citation Corp.                               foundry operator                                  Birmingham             Acquired and taken private, 1999
Colonial BancGroup                           bank holding company                              Montgomery             Seized by regulators, 2009; dissolving in bankruptcy court
Colonial Properties                          real-estate investment trust                      Birmingham             Unchanged
Compass Bancshares                           bank holding company                              Birmingham             Acquired in 2007 for $9.6 billion by BBVA Group
Cybex Computer Products                      computer equipment                                Huntsville             Merged with Washington firm, 2000
Energen Corp.                                Alagasco; energy production                       Birmingham             Unchanged
EnergySouth Corp.                            natural gas storage                               Mobile                 Acquired by Sempra Energy, 2008, for $510 million
Golden Enterprises                           Golden Flake snacks                               Birmingham             Unchanged
HealthSouth Corp.                            rehabilitation hospitals                          Birmingham             Unchanged
Hibbett Sports Inc.                          sporting goods retailer                           Birmingham             Unchanged
Intergraph Corp.                             software developer                                Huntsville             Acquired and taken private, 2006
Just For Feet                                chain of retail shoe stores                       Birmingham             Collapsed amid accounting fraud, 1999; later dissolved
Martin Industries                            gas grills; heating equipment                     Florence               Bankruptcy, 2002; shares later removed from exchange
Meadowcraft Inc.                             outdoor furniture maker                           Birmingham             Went private 1999; bankruptcy and dissolution, 2009
MedPartners Inc.                             managed medical offices/clinics                   Birmingham             Became Caremark Rx; moved to Nashville in 2003
Medical Assurance                            medical malpractice insurer                       Birmingham             Unchanged; changed name to ProAssurance Corp.
Moore-Handley                                hardware distributor                              Birmingham             Ceased Nasdaq trading, 2003, citing compliance costs
Morrison Healthcare                          hospital catering                                 Mobile                 Moved to Atlanta
Movie Gallery                                movie and game rental chain                       Dothan                 Bankruptcy, 2007; shares delisted, moved HQ to Oregon
Nichols Research                             defense contractor                                Huntsville             Acquired, 1999, for $396 million in stock
PJ America                                   Papa John’s Pizza franchisee                      Birmingham             Acquired by management, moved to Louisville, circa 2002
Pinnacle Bancshares                          bank holding company                              Jasper                 Ceased Nasdaq trading, 2008, citing costs; trades OTC
Protective Life                              insurer                                           Birmingham             Unchanged
QMS Inc.                                     color printer manufacturer                        Mobile                 Acquired, 2000
Regions Financial                            bank holding company                              Birmingham             Combined with AmSouth, 2006
Ruby Tuesday                                 restaurant operator                               Mobile                 Moved to Tennessee, circa 1999
Russell Corp.                                athletic apparel maker                            Alexander City         Moved to Atlanta, 1999
SCI Systems                                  electronic parts                                  Huntsville             Acquired, 2001
Saks                                         department store chain                            Birmingham             Moved to New York, 2007
Sonat                                        natural gas pipelines                             Birmingham             Acquired by El Paso Corp., 1999
Southern Energy Homes                        manufactured houses                               Addison                Merged with Cavalier Homes, 2009
SouthTrust Corp.                             bank holding company                              Birmingham             Acquired by Wachovia Corp., 2004, for $14.3 billion
Torchmark                                    insurer                                           Birmingham             Moved to Texas, 2006
Vesta Insurance                              insurer                                           Birmingham             Collapsed and dissolved in bankruptcy, 2006
Vulcan Materials                             road materials producer                           Birmingham             Unchanged
Wall Street Deli                             restaurant operator                               Birmingham             Bankruptcy, 2001; later sold
WinsLoew Furniture                           patio furniture maker                             Birmingham             Taken private in management buyout, 1999
Note: Added since 1998: Medical Properties Trust (Birmingham), Infinity Property & Casualty (Birmingham), Superior Bancorp (Birmingham),
BancTrust Financial (Mobile), International Shipholding (Mobile) and Computer Programs and Systems (Mobile).
Source: The Birmingham News research

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