Day: December 9, 2019

Highlights:Accelerates Business Transformation and Aligns with Strategy to Simplify the OrganizationIncreases Focus on Core Higher Margin BusinessesFurther Strengthens Financial Flexibility to Invest in Growth OpportunitiesCHATTANOOGA, Tenn., Dec. 09, 2019 (GLOBE NEWSWIRE) — Astec Industries, Inc. (Nasdaq: ASTE) announced today that it intends to sell its GEFCO, Inc. subsidiary, located in Enid, Oklahoma.  GEFCO produces drilling equipment for water wells, geothermal wells, and cathodic protection; high-pressure double pumpers for energy services; and King Oil Tools for oil & gas and other applications.  The GEFCO businesses contributed approximately $50 million in annualized revenue and the divestiture is expected to eliminate related annual operating losses and be accretive to annualized EPS.  The divestiture process is in...

TORONTO, Dec. 09, 2019 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by TDb Split Corp. please note that in the third paragraph of the release, the Preferred share price and yield have changed.TDb Split Corp. (the “Company”) is pleased to announce it has filed a preliminary short form prospectus in each of the provinces of Canada with respect to an offering of Priority Equity Shares and Class A Shares of the Company. The offering will be co-led by National Bank Financial Inc., CIBC World Markets Inc., Scotia Capital Inc. and will also include a syndicate of dealers.The Priority Equity Shares will be offered at a price of $10.00 per Share to yield 5.25% and the Class A Shares will be offered at a price of $6.15 per Class A Share to yield 9.75%.The closing price on the TSX of each of the Priority Equity...

NASHVILLE, Tenn., Dec. 09, 2019 (GLOBE NEWSWIRE) — Ryman Hospitality Properties, Inc. (NYSE: RHP) (the Company) announced today it has reached an agreement with Stratus Properties Inc. (NASDAQ: STRS) to acquire Block 21, a mixed-use entertainment, lodging, office and retail complex located in the heart of downtown Austin, Texas, for $275 million, which includes the assumption of approximately $141 million of existing mortgage debt.Completed in 2010 and located on an entire city block in Austin’s 2nd Street District, Block 21 is home to the iconic ACL Live at the Moody Theater (ACL Live), a 2,750-seat state-of-the-art entertainment venue that serves as the filming location for the famed Austin City Limits television series. The Block 21 complex also includes the 251-room W Austin Hotel, the 350-seat 3TEN at ACL Live club and approximately...

Leading Strategic Sourcing and Supplier Engagement Platform to Operate as Scout RFP, a Workday CompanyCombination to Help Transform Office of Procurement and Accelerate Workday’s Investment in the Spend Management Market PLEASANTON, Calif., Dec. 09, 2019 (GLOBE NEWSWIRE) — Workday, Inc. (NASDAQ:WDAY), a leader in enterprise cloud applications for finance and human resources, has completed its acquisition of Scout RFP, a leading cloud-based platform for strategic sourcing and supplier engagement. With Scout RFP now part of Workday, customers will be able to expand how they plan, execute, analyze, and extend in one system, with a modern source-to-pay solution that helps better optimize spend. The company will operate as Scout RFP, a Workday company. Comments on the News“With Scout RFP now part of Workday, we will equip procurement...

MORRIS PLAINS, N.J., Dec. 09, 2019 (GLOBE NEWSWIRE) — Immunomedics, Inc. (NASDAQ: IMMU) (“Immunomedics” or the “Company”), a leading biopharmaceutical company in the area of antibody-drug conjugates (ADC), today announced the closing of its previously announced underwritten public offering of common stock. The total number of shares of common stock sold was 16,428,572, composed of 14,285,715 shares of common stock initially offered and an additional 2,142,857 shares of common stock sold pursuant to the full exercise of the underwriters’ option to purchase additional shares, in each case at a public offering price of $17.50 per share. The total net proceeds from the offering for Immunomedics are estimated to be approximately $272 million, after deducting underwriting discounts and commissions but before deducting other estimated...

SAN DIEGO, CA, Dec. 09, 2019 (GLOBE NEWSWIRE) —  via NEWMEDIAWIRE – RF Industries, Ltd, (NASDAQ: RFIL), a national manufacturer and marketer of interconnect products and systems, today announced selected preliminary unaudited financial results for its fourth quarter and full-year ended October 31, 2019.Select Preliminary Unaudited Fourth Quarter and Full Year Fiscal 2019 Financial ResultsNet sales for the fourth quarter of fiscal 2019 are expected to be approximately $15.5 million, compared to $9.9 million a year ago, an increase of approximately 57% year-over-year. Fiscal 2019 full-year net sales are expected to be approximately $55.3 million, compared to $50.2 million a year ago, an increase of approximately 10% year-over-year. Net income for the fiscal 2019 fourth quarter is expected to be between $700,000 and $800,000, or $0.07...