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Archive for November, 2011

PPD shareholders approve sale

Wednesday, November 30th, 2011

WILMINGTON, NC (WWAY) — PPD shareholders have approved the Wilmington-based company’s sale to The Carlyle Group and affiliates of Hellman & Friedman. The vote came at a special meeting of shareholders today.

Approximately 96.4 percent of the shares voting at today’s special meeting voted in favor of the adoption of the merger agreement, which represented approximately 75.6 percent of the company’s total outstanding shares of common stock as of the October 24 record date, PPD said.

Upon consummation of the merger, the company’s shareholders will receive $33.25 in cash for each share of the company’s common stock. The transaction is subject to certain remaining customary closing conditions as set forth in the merger agreement and discussed in detail in the definitive proxy statement filed with the US Securities and Exchange Commission by PPD on October 28 and supplemented on November 14.

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FIRST ON 3: Boy kidnapped during Ogden break-in

Wednesday, November 30th, 2011

WILMINGTON, NC (WWAY) — The New Hanover County Sheriff’s Office says burglars briefly kidnapped a child when he walked in on them robbing his home Tuesday afternoon. It happened on White Road near Sapling Circle in Ogden.

The boy’s father Ray Cockrell says his son came home from school and found two people inside ransacking the house. He says the boy ran out, but the suspects ran after him and took him back inside while they continued to look through the house before running off. The boy was not hurt.

“You never expect this to happen to your family,” Cockrell said. “The take away for us is everybody is safe, my family is safe. There is nothing in our home that can’t be repaired, so we thank God for that.”

Deputies say there were also several vehicles broken into in the neighborhood, including several where the owners had left doors unlocked.

Investigators hope to make an arrest soon.

We’ll have much more on this story coming up on WWAY NewsChannel 3 starting at 5 p.m.

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Ex-Marine charged with wife’s murder under $1M bond

Wednesday, November 30th, 2011

NEW HANOVER COUNTY, NC (WWAY) — A former Marine accused of killing his ex-wife is in jail under $1 million bond. New Hanover County Sheriff’s deputies arrested 48-year-old Keith Waters last night for the murder of his wife Kay at their home on Hanover Avenue in Castle Hayne.

Waters was in court for his first appearance today. District Attorney Ben David says the charge could be changed to first-degree murder in the future.

According to court records, Waters was convicted in 2009 of assault by strangulation and sentenced to probation.

Relatives of the victim said they did not have any comment about what happened saying it was too soon to talk about the incident.

Friends and neighbors declined to go on camera as well, but they did say they were not surprised by the murder, saying the Waters “needed desperate help”.

Waters is due back in court December 15.

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Whiteville High alum, football great Chester McGlockton dead

Wednesday, November 30th, 2011

WILMINGTON, NC (WWAY) — Whiteville High alum and former Pro Bowler Chester McGlockton has died. He was 42.

A news release from Stanford University, where McGlockton was in his second season as an assistant defensive coach, says the Whiteville native died overnight.

“Everyone in the Stanford Football family is deeply saddened by the passing of Chester McGlockton,” Stanford head coach David Shaw said. “For the past two seasons, Chester has been a valuable member of our football staff and a wonderful friend to us all. Our thoughts and prayers go out to Chester’s wife Zina and their two children.”

McGlockton was a first round pick (16th overall) of the Los Angeles Raiders in 1992. He played 12 seasons in the NFL with the Raiders (1992-97), Kansas City Chiefs (1998-00), Denver Broncos (2001-02) and New York Jets (2003). He made all four of his Pro Bowl appearances while with the Raiders (1994, ’95, ’96 and ’97).

A three-year standout at Clemson, McGlockton earned his undergraduate degree from Tennessee-Martin in 2010.

Before earning all-ACC status at Clemson, he earned All-State and All-America honors at Whiteville High School.

McGlockton led the ACC in sacks as a freshman in 1989 and helped Clemson to a top-10 ranking in 1990. In 1991, he earned first team All-ACC honors while spearheading Clemson’s top-ranked rushing defense which helped the Tigers to the ACC title. He had 20.5 sacks in his three-year Clemson career.

McGlockton spent 2009 as an intern coach at the University of Tennessee under current USC and former Raiders coach Lane Kiffin. McGlockton accepted a defensive assistant position at Stanford in 2010 under current 49ers coach Jim Harbaugh.
McGlockton finished his 12-year NFL career with 51 sacks including a career-best of 9.5 in 1994.

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Shareholders OK PPD buyout

Wednesday, November 30th, 2011

The buyout by the Carlyle Group and Hellman & Friedman is worth $33.25 a share.

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News provided by WWAY NewsChannel 3 and the StarNewsOnline

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