Day: December 9, 2019

DAYTONA BEACH, Fla., Dec. 09, 2019 (GLOBE NEWSWIRE) — J. Scott Penny, Chief Acquisitions Officer of Brown & Brown, Inc. (NYSE:BRO), and Mark Woodall and Tom Willie, the principals of Special Risk Insurance Managers, Ltd. (“Special Risk”), today announced that Brown & Brown Programs (CA), Inc. has entered into an agreement to acquire the assets of Special Risk.  The transaction is expected to close effective January 1, 2020, subject to certain closing conditions.Founded in 1991, Special Risk has grown to a preeminent player in the MGA industry in Canada, recognized as MGA of the Year in 2018.  The acquisition of Special Risk is a strategic step forward for Brown & Brown in establishing a presence in the Canadian insurance brokerage market.  Special Risk will operate as a part of Brown & Brown National Programs,...

BROOKFIELD, NEWS, Dec. 09, 2019 (GLOBE NEWSWIRE) — Genworth Financial, Inc. (NYSE: GNW) and Brookfield Business Partners (NYSE: BBU) (TSX: BBU.UN) today announced that Brookfield Business Partners together with its institutional partners has received approval under the Insurance Companies Act (Canada) to purchase Genworth’s majority interest in Genworth MI Canada Inc. (Genworth Canada). All regulatory approvals required for the completion of this transaction have now been obtained.The parties expect to complete the Genworth Canada transaction on December 12, 2019.About Brookfield Business PartnersBrookfield Business Partners is a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs.Brookfield Business Partners is the flagship...

EMERYVILLE, Calif., Dec. 09, 2019 (GLOBE NEWSWIRE) — Adamas Pharmaceuticals, Inc. (Nasdaq: ADMS) today announced that the compensation committee of the company’s board of directors granted four new employees the option to purchase an aggregate of 89,000 shares of the company’s common stock, at a per share exercise price of $6.48, the closing trading price on December 6, and restricted stock units to acquire 44,500 shares of the company’s common stock. The stock options and restricted stock units vest over four years and were granted pursuant to the Adamas Pharmaceuticals, Inc. 2016 Inducement Plan, which was approved by the company’s board of directors in March 2016 under Rule 5653(c)(4) of the Nasdaq Global Market for equity grants to induce new employees to enter into employment with the company.About Adamas Pharmaceuticals,...

MOUNTAIN VIEW, Calif., Dec. 09, 2019 (GLOBE NEWSWIRE) — Livongo Health, Inc. (Nasdaq: LVGO) today announced plans for the commencement of an underwritten public offering of 2,777,327 shares of common stock by certain selling stockholders. Such selling stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 416,598 shares of common stock at the public offering price, less underwriting discounts and commissions. Livongo will not receive any of the proceeds from the proposed sale of the shares of its common stock being offered by the selling stockholders, and will bear the costs associated with the cost of such transaction, other than underwriting discounts and commissions.  The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when...

Sanofi CEO unveils new strategy to drive innovation and growthPrioritize key growth drivers – Dupixent® (dupilumab) and vaccinesAccelerate R&D focus on six potentially transformative medicinesImprove operating efficiencies to fund growth and expand business operating income margin1Align to support new strategy with three core businesses and a standalone consumer healthcare unitPARIS – DECEMBER 9, 2019 – At Sanofi’s Capital Markets Day tomorrow with the financial community, the company will provide details of a new strategic framework with four key priorities to drive innovation and growth. Sanofi will also discuss the alignment of the organization to support this new strategy.Sanofi Chief Executive Officer Paul Hudson and Executive Committee members will provide a detailed overview of the company’s strategy based on four main priorities...

Le Directeur Général de Sanofi dévoile sa stratégie pour dynamiser l’innovation et la croissance de l’entreprisePrincipaux leviers de croissance : Dupixent® (dupilumab) et les vaccinsIntensifier les efforts de R&D sur six médicaments ayant le potentiel de transformer la prise en charge des patientsAméliorer l’efficacité opérationnelle pour financer la croissance et renforcer la marge opérationnelle des activités1Aligner l’organisation pour soutenir la nouvelle stratégie : trois entités principales et une entité Santé Grand Public autonomePARIS – LE 9 DÉCEMBRE 2019 – Sanofi réunit demain des représentants de la communauté financière à l’occasion de son Capital Markets Day afin de présenter la nouvelle stratégie avec quatre grandes priorités qui permettront de dynamiser la croissance et le potentiel d’innovation de l’entreprise. Sanofi...

TULSA, OK, Dec. 09, 2019 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or “the Company”) today announced that it has closed a bolt-on acquisition of 4,475 contiguous net acres in Glasscock County for $65 million, further delivering on the Company’s strategy of acquiring properties that can improve the Company’s capital efficiency and enhance Free Cash Flow1 generation. The acquisition was funded with the Company’s $1.0 billion senior secured credit facility, resulting in outstanding borrowings of $245 million at December 6, 2019.Acquisition HighlightsCurrent net production of 1,400 barrels of oil equivalent (“BOE”) per day (55% oil)Approximately 45 total gross (35 net) expected locations across the Lower Spraberry, Upper Wolfcamp and Middle Wolfcamp formations at 1,320′...

MIAMI, Dec. 09, 2019 (GLOBE NEWSWIRE) — Amerant, the largest community bank headquartered in Florida, opened its newest banking center in the city of Boca Raton. Located at 2301 Glades Road, Bay 200, the new center is headed by market manager, Roland Minias.The new 2,896 square-foot banking center is designed to provide the financial needs of its individual and business banking customers with quality products and services. Offering Amerant customers a convenient walk-up ATM and remote drive-thru, the Boca Raton Banking Center provides a forward-thinking banking experience to its customers.“We are excited to continue expanding throughout South Florida in order to bring Amerant’s unique and convenient banking experience closer to customers in different parts of the region,” said Miguel Palacios, Chief Business Officer of Amerant.“I...

Award-winning human resources executive brings more than 20-years of experience to roleTEMPE, Ariz., Dec. 09, 2019 (GLOBE NEWSWIRE) — US-headquartered First Solar, Inc. (Nasdaq: FSLR) today announced that Caroline Stockdale will lead the Company’s human resources and communications function, overseeing a global workforce of over 6,500 associates. She replaces Chris Bueter, who will continue in an advisory role until his retirement on April 1, 2020. “At First Solar, people are our towering strength. We went through an extensive search process to find a leader who would be the right fit to take our people – and therefore our business – to the next level,” said Mark Widmar, Chief Executive Officer, First Solar. “Caroline brings strategic thinking and problem-solving skills gained from working in disruptive industries that have had...