Day: December 2, 2019
ACQUISITION OF FAIRFAX MEMORIAL PARK AND FUNERAL HOME;COMPANY MILESTONE TWO YEAR SCENARIO;WILLIAM (BILL) GOETZ JOINS AS PRESIDENT AND CHIEF OPERATING OFFICER AND BOARD MEMBER; ANDCONFERENCE CALL SCHEDULED FOR TUESDAY, DECEMBER 3RD AT 9:30 AM CTACQUISITION OF FAIRFAX MEMORIAL PARK AND FUNERAL HOMEHOUSTON, Dec. 02, 2019 (GLOBE NEWSWIRE) — Mel Payne, Chairman and Chief Executive Officer of Carriage Services, Inc. (NYSE: CSV) (“Carriage” or the “Company”) stated, “I am excited and very honored to announce that we have signed a definitive agreement to acquire Fairfax Memorial Park and Funeral Home in Fairfax, Virginia, which was co-founded in 1957 by four men including Cornelius H. Doherty and his son Cornelius, Jr. (Neil), and today is led by Neil’s son, Michael (Mike) H. Doherty. Fairfax Memorial Park was...
Brookfield Announces Reset Dividend Rate on Its Series 25 Preference Shares
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BROOKFIELD, NEWS, Dec. 02, 2019 (GLOBE NEWSWIRE) — Brookfield Asset Management Inc. (TSX: BAM.A, NYSE: BAM) (“Brookfield”) today announced that it has determined the quarterly dividend on its floating rate Cumulative Class A Preference Shares, Series 25 (“Series 25 Shares”) (TSX: BAM.PR.S).The dividend on the Series 25 Shares is paid at an annual rate, calculated for each quarter, of 2.30% over the annual yield on three-month Government of Canada treasury bills. The actual quarterly dividend rate in respect of the January 1, 2020 to March 31, 2020 dividend period will be 0.98529% (3.952% on an annualized basis) and the dividend, if declared, for such dividend period will be $0.2463225 per share, payable on March 31, 2020.Brookfield Asset Management Inc. is a leading global alternative asset manager with over $500 billion of assets...
BRP Group, Inc. Announces Third Quarter 2019 Results
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
– Revenue Grows 107% Year-Over-Year to $38.4 Million –– Completed Initial Public Offering in October 2019 –TAMPA, Fla., Dec. 02, 2019 (GLOBE NEWSWIRE) — BRP Group, Inc. (“BRP Group” or the “Company”) (NASDAQ: BRP), a rapidly growing independent insurance distribution firm delivering tailored insurance solutions, today announced its results for the quarter ended September 30, 2019.THIRD QUARTER 2019 AND SUBSEQUENT EVENT HIGHLIGHTSRevenue more than doubled over the prior-year period to $38.4 millionNet loss of $2.3 millionProduced Organic Revenue Growth(1) of 12% over the prior-year period“MGA of the Future” revenue(2) grew 43% to $12.2 million, compared to $8.5 million in the prior-year periodAdjusted EBITDA(3) grew over 100% to $7.4 million compared to the prior-year periodAdjusted EBITDA Margin(3) of 19%,...
Sterling National Bank Completes Acquisition of $839 Million in Middle Market Commercial Equipment Finance Loans and Leases from Santander Bank, N.A.
Written by Customer Service on . Posted in Mergers And Acquisitions.
MONTEBELLO, N.Y., Dec. 02, 2019 (GLOBE NEWSWIRE) — Sterling Bancorp (NYSE: STL), announced today that its principal subsidiary, Sterling National Bank, has completed the previously announced acquisition of middle market commercial equipment finance loans and leases from Santander Bank, N.A.The balance of equipment finance loans and leases outstanding acquired was $839 million.Jack Kopnisky, President and CEO of Sterling, noted, “We are pleased to complete this acquisition, which will enhance our commercial banking capabilities and augment our organic origination volumes. We look forward to delivering excellent service and financing flexibility to our new clients.”Thomas X. Geisel, President – Corporate Banking, noted, “This acquisition enables us to focus on and invest in the growth of our commercial finance vertical. The portfolio...
Tenable Acquires Operational Technology Security Leader Indegy
Written by Customer Service on . Posted in Mergers And Acquisitions.
COLUMBIA, Md., Dec. 02, 2019 (GLOBE NEWSWIRE) — Tenable®, Inc., the Cyber Exposure company, today announced that it has acquired Indegy Ltd., a leader in industrial cybersecurity which provides visibility, security and control across operational technology (OT) environments.“For every company in every industry, OT is now part of the modern attack surface. CISOs are being asked to secure OT systems alongside IT, but lack the necessary visibility and technology to manage and measure OT cyber risk in the same way as IT risk,” said Amit Yoran, chairman and CEO, Tenable. “The combination of Tenable and Indegy brings together two pioneers of IT vulnerability management and industrial cybersecurity to deliver the industry’s first unified, risk-based view of IT and OT security. This is a game changer that will help transform how security...
Giga-tronics Incorporated Announces Effective Date of Previously Announced Reverse Split of Common Stock
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DUBLIN, Calif., Dec. 02, 2019 (GLOBE NEWSWIRE) — (OTCQB: GIGA) Giga-tronics Incorporated (the “Company”) announced today that its previously announced 1-for-15 reverse split of its common stock will become effective as of December 12, 2019. Beginning on December 13, 2019, the Company’s common stock will trade on the OTC market on a split-adjusted basis.John Regazzi, CEO of Giga-tronics commented, “With our third consecutive quarter of profitability and enhanced balance sheet, this reverse split is a natural next step to pursue a national exchange listing. We look forward to executing on the next chapter of our progress given the attractive growth opportunity for our RADAR/EW business as well as the solid foundation of our sole source RADAR filter business.” At the Company’s annual meeting of shareholders held on September 19,...
Worthington Industries to Webcast Discussion of Second Quarter 2020 Results on Dec. 17
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COLUMBUS, Ohio, Dec. 02, 2019 (GLOBE NEWSWIRE) — Worthington Industries, Inc. (NYSE:WOR) plans to release its second quarter results before the market opens on Tuesday, Dec. 17, 2019. The Company will webcast a live discussion of these results at 2:00 p.m. ET that afternoon. The webcast will be available at www.WorthingtonIndustries.com and will be archived for one year.
Noront Announces Issuance of Shares
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TORONTO, Dec. 02, 2019 (GLOBE NEWSWIRE) — Noront Resources Ltd. (“Noront” or “the Company”) (TSX Venture: NOT) is announcing that it has issued 200,000 units at an issue price of $0.20 per unit in satisfaction of consulting fees. Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share of the Company at a price of $0.30 until December 2, 2021. The issued shares are subject to a four-month hold period which will expire on April 3, 2020.The Company also entered into an eighth amending agreement dated November 27, 2019 (the “Eighth Amending Agreement”) with its largest shareholder, Resource Capital Fund V L.P. (“RCF V”), to extend the term of its existing US$15 million convertible debenture (the “Convertible Debenture”). Subject to TSX...
Centerra Gold Provides Update on Waste Rock Dump Movement at Kumtor; Management Conference Call at 4:30 PM (Eastern) December 2, 2019
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TORONTO, Dec. 02, 2019 (GLOBE NEWSWIRE) — Centerra Gold Inc. (“Centerra”) (TSX: CG) announced an update on continuing search and rescue operations for its missing employees and on the Lysii Waste Rock Dump movement at the Kumtor MineKumtor’s emergency response personnel are coordinating with search and rescue teams from the Kyrgyz Government Ministry of Emergencies in the search for its missing employees. The Lysii Waste Rock Dump has now stabilized sufficiently that light equipment is being employed in the search effort. Centerra’s first priority remains the safe return of its missing employees.Open pit mining operations remain temporarily halted because of the need to focus on search and rescue efforts but also because 100% of the waste rock being mined was to be placed on the Lysii Waste Rock Dump located in the Lysii valley. ...
CROSSJECT : Précisions sur le statut de PME européenne
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Communiqué de PressePrécisions sur le statutde PME européenne Dijon, 2 décembre 2019CROSSJECT (ISIN: FR0011716265; Mnémo: ALCJ), « specialty pharma » qui développe un portefeuille de médicaments combinés innovants dédiés aux situations d’urgence, apporte des précisions sur le statut de PME européenne, suite à sa dernière publication annonçant la convocation des actionnaires à une Assemblée Générale Extraordinaire le 30 décembre prochain.Crossject, en tant que specialty pharma, est en relation permanente avec différents organismes, notamment européens, en matière de dépôts de brevets, de consultation d’agences réglementaires, ou encore de financements publics.A ce titre, la société se conforme notamment au règlement UE 651/2014 de la Commission Européenne du 17 juin 2014 qui détaille les critères à respecter par une PME européenne pour...