Day: December 2, 2019

BRISBANE, AUSTRALIA, Dec. 02, 2019 (GLOBE NEWSWIRE) — Orocobre Limited (ASX: ORE, TSX: ORL) (“Orocobre” or “the Company”) provides the following update on expected lithium carbonate pricing for the December quarter.The indicative weighted average price of lithium carbonate sales for the December quarter is now expected to be approximately US$5,400/tonne FOB1, subject to achieving the planned shipping schedule.Market conditions remain soft and Orocobre has made the decision to meet current pricing to ensure retention of market share.Managing Director and CEO, Mr. Martín Pérez de Solay commented, “Lithium chemical prices are well below incentive pricing for green-fields projects but are expected to recover in the medium term. Whilst our price guidance for the quarter has decreased, operational and cost improvements will limit the...

DUBUQUE, Iowa, Dec. 02, 2019 (GLOBE NEWSWIRE) — Dubuque, IA-based Heartland Financial USA, Inc. (“Heartland”) (NASDAQ: HTLF) announced today that on November 30, 2019, Illinois Bank & Trust (“IB&T”), a wholly-owned subsidiary of Heartland headquartered in Rockford, Illinois, completed its acquisition of substantially all of the assets and assumption of substantially all of the deposits and certain other liabilities of Rockford Bank and Trust Company (“Rockford Bank & Trust” or “RB&T”), a wholly-owned subsidiary of Moline, IL-based QCR Holdings, Inc. (“QCRH”) (NASDAQ: QCRH) and headquartered in Rockford, Illinois.Based on the aggregate net book value of the assets acquired and liabilities assumed by IB&T, the total cash payment by IB&T to RB&T was approximately $46.9 million, inclusive of a purchase...

SUNRISE, Fla., Dec. 02, 2019 (GLOBE NEWSWIRE) — FedNat Holding Company (NASDAQ: FNHC) (“FedNat” or the “Company”), an insurance holding company, today announced the successful completion of its acquisition of the homeowners insurance operations of 1347 Property Insurance Holdings, Inc. (NASDAQ: PIH) (“1347 PIH”), consisting of Maison Insurance Company, Maison Managers, Inc., and ClaimCor LLC (collectively, “Maison”), in a cash and stock transaction valued at approximately $51 million.Maison is a property and casualty insurer focused primarily on coastal homeowners markets in Texas and Louisiana, with additional operations in Florida. For the trailing twelve months ended September 30, 2019, Maison reported $96.1 million of gross written premiums. On a proforma basis, the combined company reported $684.2 million in gross written premiums...

MOLINE, Ill, Dec. 02, 2019 (GLOBE NEWSWIRE) — QCR Holdings, Inc. (NASDAQ: QCRH, the “Company”) today announced that on November 30, 2019, the Company completed the sale of substantially all of the assets and transfer of substantially all of the deposits and certain other liabilities of the Company’s wholly-owned subsidiary, Rockford Bank and Trust Company (“RB&T”) to Illinois Bank & Trust (“IB&T”), a wholly-owned subsidiary of Dubuque, IA-based Heartland Financial USA, Inc. (NASDAQ: HTLF).   The purchase and assumption transaction, announced in August 2019, is valued at approximately $59.1 million.  The $59.1 million represents a cash payment of approximately $46.9 million from IB&T, including the purchase price premium of $12.5 million, and the separate liquidation of net assets retained by QCRH of $12.2 million. “We...

BOSTON, Dec. 02, 2019 (GLOBE NEWSWIRE) — Eagle Growth and Income Opportunities Fund (the “Fund”) (NYSE: EGIF) today announced that it is rescheduling its investor call from Tuesday, December 3, to Tuesday, December 10, 2019, at 4:15 pm ET.  Brian Good, President and Principal Executive Officer of the Fund, and James C. Camp, Portfolio Manager of the Fund, will host the call.The conference call can be accessed by dialing 855-982-8069, conference ID 6575778.  A replay of the live broadcast will be available by dialing 855-859-2056, conference ID 6575778 through December 24, 2019.The Fund’s September 2019 fact sheet is available on its website at http://thlcreditegif.com.About Eagle Growth and Income Opportunities FundThe Fund is a diversified, closed-end management investment company that is advised by THL Credit Advisors LLC and sub-advised...

LATHAM, N.Y., Dec. 02, 2019 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ: PLUG), a leader in providing clean, reliable energy solutions, today announced that it has commenced an underwritten public offering of 40 million shares of its common stock. In addition, Plug Power intends to grant the underwriters a 30-day option to purchase up to an additional 6 million shares of its common stock.  Morgan Stanley and Barclays are acting as joint book-running managers for the offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.About Plug Power Inc.The architect of modern hydrogen and fuel cell technology, Plug Power is the innovator that has taken hydrogen and fuel cell technology from concept to commercialization....

NEWPORT NEWS, Va., Dec. 02, 2019 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE: HII) announced today that its Newport News Shipbuilding division and teaming partner General Dynamics Electric Boat has been awarded a $22 billion contract to build nine Virginia-class submarines for the U.S. Navy.The Block V contract allows Newport News and Electric Boat to continue the modernization of the fleet of nuclear-powered fast-attack submarines over a five year period, with construction starting in 2019 and deliveries scheduled from 2025 through 2029.Newport News will serve as the delivery yard for five of the planned submarines.Under the contract, eight of the nine boats will be built with the Virginia Payload Module (VPM), an 84-foot section that provides more than three times the missile strike capacity of the current Virginia-class...