Day: November 21, 2019

(Singapore, 21 November 2019) Telenor Group today announced a merger between its online classifieds business, 701Search, and Carousell, one of Asia’s largest and fastest-growing classifieds marketplaces, in an equity and cash agreement.The merger creates a regional leader in online classifieds. Telenor Group receives a 32 percent stake in the company, making it the largest minority shareholder. 701Search will cease to be a subsidiary company of Telenor Group and will merge its operations with Carousell with immediate effect.701Search owns leading general classifieds sites Mudah in Malaysia, Chotot in Vietnam and OneKyat in Myanmar. Johan Rostoft, Head of Online Classifieds at Telenor Group, said “We have built a profitable and high-growth marketplace business serving millions of users every single day. This transaction presents an attractive...

(Singapore, 21. november 2019) Telenor Group kunngjorde i dag sammenslåingen av sin digitale rubrikkvirksomhet 701Search med Carousell, en av Asias største og raskest voksende digitale markedsplasser. Transaksjonen består av 701Search, dets datterselskaper og kontanter.Fusjonen skaper en ledende regional aktør innenfor digitale markedsplasser. Med 32 prosent eierskap blir Telenor Group største minoritetseier i Carousell. 701Search vil med denne transaksjonen ikke lenger være et datterselskap av Telenor Group og innlemmes i Carousell med umiddelbar virkning.701Search eier ledende digitale markedsplasser i Sørøst-Asia: Mudah i Malaysia, Chotot i Vietnam og OneKyat i Myanmar. Johan Rostoft, leder for Online Classifieds i Telenor Group, sier: «Vi har bygget en lønnsom og raskt voksende digital markedsplass med millioner av brukere hver eneste...

SANTA CLARA, Calif., Nov. 20, 2019 (GLOBE NEWSWIRE) — SiTime Corporation (Nasdaq: SITM), a market leader in MEMS timing, announced today the pricing of its initial public offering (“IPO”) of 4,300,000 shares of its common stock at a price to the public of $13.00 per share. The shares are expected to begin trading on The Nasdaq Global Market under the ticker symbol “SITM” on November 21, 2019. The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses, are expected to be $55.9 million, excluding any exercise of the underwriters’ over-allotment option. The offering is expected to close on November 25, 2019, subject to customary closing conditions.SiTime has granted the underwriters a 30-day option to purchase up to 645,000 additional shares of common stock at the initial...

ZUG, Switzerland and CAMBRIDGE, Mass., Nov. 20, 2019 (GLOBE NEWSWIRE) — CRISPR Therapeutics (Nasdaq:CRSP), a biopharmaceutical company focused on developing transformative gene-based medicines for serious diseases, today announced the pricing of an underwritten public offering of 4,250,000 common shares at a public offering price of $64.50 per share. In addition, the underwriters have a 30-day option to purchase up to an additional 637,500 common shares at the public offering price less the underwriting discount. CRISPR Therapeutics anticipates its gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses, to be approximately $274.1 million, excluding any exercise of the underwriters’ option to purchase additional shares. The offering is expected to close on or about November...

FCA: General Motors’ Lawsuit Without MeritFiat Chrysler Automobiles (“FCA” NYSE: FCAU /MTA: FCA) confirms that it will defend itself vigorously against the lawsuit filed yesterday by General Motors. FCA believes General Motors’ claims are nothing more than a meritless attempt to divert attention from that company’s own challenges.This astonishing ploy comes at a time when FCA is proving itself to be an ever more formidable competitor that continues to create significant value for all its stakeholders through the  successful implementation of its long-term strategy. This includes the proposed merger with PSA, which itself completed the successful turnaround of the European businesses it acquired not long ago from General Motors.FCA will deal with this extraordinary attempt at distraction through the appropriate channels and will stay focused...

MONTREAL, Nov. 20, 2019 (GLOBE NEWSWIRE) — WSP Global Inc. (TSX:WSP) (“WSP”) is pleased to announce that it has acquired Elton Consulting Group Pty Ltd (“Elton Consulting”), a 115-employee consulting firm based in Sydney in Australia, with additional offices across the country. This transaction was financed using WSP’s available cash and credit facilities.“This acquisition supports WSP’s 2019-2021 Global Strategic Plan’s objective to diversify into strategic advisory areas, and the firm’s commitment to offering clients a broader range of consulting services”, commented Alexandre L’Heureux, President & CEO of WSP. “We look forward to welcoming all our new colleagues to WSP”.Guy Templeton, President & CEO of WSP in Australia & New Zealand said: “Our clients have told us that strategic advice, urban and regional planning,...

MONTRÉAL, 20 nov. 2019 (GLOBE NEWSWIRE) — Groupe WSP Global Inc. (TSX : WSP) (« WSP ») est heureuse d’annoncer l’acquisition d’Elton Consulting Group Pty Ltd (« Elton Consulting »), une société d’experts-conseils de 115 employés basée à Sydney en Australie, avec des bureaux supplémentaires répartis à travers le pays.Cette opération a été financée au moyen des liquidités et des facilités de crédit disponibles de WSP.« Cette acquisition s’inscrit dans l’objectif du Plan stratégique mondial 2019–2021 de WSP – se diversifier dans les domaines des services-conseils stratégiques –, ainsi que dans l’engagement de l’entreprise à offrir à ses clients une gamme élargie de services de consultation », a déclaré Alexandre L’Heureux, président et chef de la direction de WSP. « Nous attendons avec impatience d’accueillir tous nos nouveaux collègues...

DENVER, Nov. 20, 2019 (GLOBE NEWSWIRE) — Today, DCP Midstream, LP (NYSE: DCP) announced the execution and closing of a purchase and sale agreement under which DCP will convey 100% ownership in its Rock Creek Asset, located in the panhandle region of Oklahoma and Texas, and generally consisting of Rock Creek Plant, Sneed, Dumas, Borger and Pampa Gathering Systems, 43 field compressor stations, and approximately 3,000 miles of gathering lines. This transaction brings proceeds from total year-to-date non-core asset sales to approximately $185 million.“In addition to our excess coverage, we will use the proceeds from these transactions to help fund over 35% of DCP’s 2019 strategic capital program focused on integrating and enhancing our core value chain,” said Wouter van Kempen, chairman, president, and CEO of DCP Midstream. “Throughout...

CLEARFIELD, Pa., Nov. 20, 2019 (GLOBE NEWSWIRE) — In a release issued earlier today by CNB Financial (Nasdaq: CCNE), please note that the headline should read “Fourth Quarter Dividend” instead of “Third Quarter Dividend.” CNB Financial Announces Fourth Quarter DividendThe Board of Directors of CNB Financial Corporation [Nasdaq: CCNE] has announced the declaration of 17.0 cents per share quarterly dividend payable on December 13, 2019 to shareholders of record on November 30, 2019.CNB Financial Corporation is a financial holding company with consolidated assets of approximately $3.5 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth...

GUADALAJARA, Mexico, Nov. 20, 2019 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announced that today the Company made a payment of Ps. 4.21 (FOUR PESOS 21/100 M.N.) per outstanding share, which corresponds to the second and final portion of the dividend, as approved at the Annual General Ordinary Shareholders’ Meeting held on April 23, 2019.The second portion of the dividend payment is equivalent to Ps. 2,212,673,052.87 (TWO BILLION TWO HUNDRED AND TWELVE MILLION SIX HUNDRED AND SEVENTY-THREE THOUSAND AND FIFTY-TWO PESOS 87/100 M.N.).Company DescriptionGrupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta,...