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Top News Links: Wednesday, Sept. 13

Energen seeks ruling on investor rights as funds push for sale

Energen Corp. on Tuesday sought guidance from an Alabama court on the state’s shareholder rights laws which an activist investor had said it would use to force a sale of the Birmingham oil and gas producer. Corvex Management, a $5.5 billion hedge fund run by Keith Meister, has waged a public campaign since May aimed at making Energen put itself on the auction block to help bolster its lagging stock price, a position echoed by hedge fund Elliott Management. – Reuters

Continental Motors picks partners for headquarters project in Mobile

Continental Motors Group Ltd., an AVIC International Holding Corporation company, announced this week that it signed a Letter of Intent with Stonemont Financial Group and Clayco Inc. to develop its new state of the art headquarters at the Mobile Aeroplex in Mobile. AVIC International Holding Corporation was set up in 1979, with majority shares owned by Aviation Industries of China. – Aviation Pros  

Pine beetle remains timber industry’s single greatest foe

For such a small bug, it’s creating huge problems. The Southern pine beetle is gnawing its way through woodlands in the state, killing trees and profits. Money really does grow on trees in Alabama. Agriculture is the number one industry in the state, generating a yearly economic impact of $70.4 billion, according to the Alabama Farmers Federation. And timber production and processing is the largest aspect of agriculture in the state, generating a $21.4 billion yearly impact. – Montgomery Advertiser

Mixed-use development coming to Alabaster

A 350,000-square-feet mixed-use development is coming to Alabaster at the corner of Interstate 65 and Highway 31. Tuscaloosa-based Alumni Properties has reached an agreement with the city of Alabaster to build the development, set to open in 2019. Beau Young, Executive Vice President of Leasing for Retail Specialists, is leasing the property. Birmingham's Civil Consultants Inc. is the civil engineer. Williams Blackstock is handling architectural panning. – AL.com

Alabama Power crews do storm duty here and across state lines

Alabama Power crews have been restoring power to areas of the state affected by Tropical Storm Irma with hopes of the remaining customers back on early Wednesday. At 5 p.m., Alabama Power said it had 6,200 customers without power statewide with most of them in the Phenix City  and Eufaula areas. Line crews have been working around the clock to get power back on where the winds from the former hurricane knocked down trees and lines. – ANN

ASK finds new home in renovated bowling alley

ASK Telemarketing held the grand opening Tuesday of its new headquarters in Montgomery - a renovated bowling alley that will allow the company to add another 400 jobs. The company spent $2.7 million on the renovation, which transformed the former Brunswick Woodmere Lanes bowling alley on Carmichael Road only two blocks away from their offices. ASK is doing a two-year expansion. – AL.com

Unusual logistics problem: Gator underneath tractor trailer

It wasn't the typical traffic call for police in the Alabama city of Tuscaloosa. Police were dispatched to a local business where a truck driver reported that an alligator had crawled underneath his 18-wheeler. Police told Alabama news outlets that the gator measured nearly 8 feet long. – WVTM

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