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Month: April 2020

LPL Financial to Acquire Lucia Securities

 Lucia Securities is a broker-dealer that serves approximately 20 advisors and $1.5 billion of client assets Estimated transaction multiple of approximately 6x post-synergy EBITDASAN DIEGO, April 28, 2020 (GLOBE NEWSWIRE) — Leading retail investment advisory firm and independent broker/dealer LPL Financial LLC, a wholly owned subsidiary of LPL Financial Holdings Inc. (NASDAQ: LPLA) (together, the “Company” or “LPL”), today announced that it has signed an agreement to acquire Lucia Securities, a broker-dealer and registered investment advisor firm headquartered in San Diego.  Lucia Securities provides independent financial advice to individuals, affluent families, and business owners, with approximately 20 advisors and $1.5 billion of client assets under management.The transaction is structured as an asset purchase agreement and...

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Rapid7 Announces Intent to Acquire DivvyCloud and Provides Preliminary First Quarter 2020 Financial Results

BOSTON, April 28, 2020 (GLOBE NEWSWIRE) — Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that it has entered into a definitive agreement to acquire Divvy Cloud Corporation, a leader in Cloud Security Posture Management (CSPM). Under the terms of agreement, Rapid7 will acquire DivvyCloud for a total purchase price of approximately $145 million, subject to adjustments, to be paid in cash and stock. The acquisition is expected to close during the second quarter of 2020, subject to the satisfaction of customary closing conditions.As organizations accelerate their migration and adoption of cloud services, they need help bringing Security and DevOps teams together to understand and effectively manage the governance, risk and security of their cloud and container environments. Through...

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Sun Communities, Inc. Commences Public Offering of 3,600,000 Shares of Common Stock

Southfield, Michigan, April 28, 2020 (GLOBE NEWSWIRE) — Sun Communities, Inc. (NYSE:SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates or has an interest in manufactured housing and recreational vehicle communities, today announced that it has commenced an underwritten public offering of 3,600,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 540,000 shares of its common stock. The Company intends to use the net proceeds of the offering to repay borrowings outstanding under the revolving loan under its senior credit facility, to fund possible future acquisitions of properties and for working capital and general corporate purposes. Citigroup, BofA Securities, BMO Capital Markets and RBC Capital Markets are acting as joint book-running...

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Fosterville South Announces $10,000,100 Marketed Private Placement led by Clarus Securities

VANCOUVER, British Columbia, April 28, 2020 (GLOBE NEWSWIRE) — Fosterville South Exploration Ltd (TSX-V: FSX) (“Fosterville South”) has appointed Clarus Securities Inc. as Lead Agent on behalf of a syndicate of agents, to sell, by way of a private placement on a commercially reasonable best efforts basis, up to 9,091,000 units of Fosterville South (the “Units”) at a price per Unit of $1.10 (the “Issue Price”) for aggregate gross proceeds of up to $10,000,100. Each Unit will consist of: (i) one common share (each, a “Common Share”); and (ii) one-half of one common share purchase warrant (the “Warrants”). Each Whole Warrant will entitle the holder to purchase a Common Share at an exercise price of $2.00 for a period of 24 months following the closing of the Offering.Participation in the financing is expected to include certain current...

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Highwoods Declares Quarterly Dividends

RALEIGH, N.C., April 28, 2020 (GLOBE NEWSWIRE) — Highwoods Properties, Inc. (NYSE:HIW) announces its Board of Directors today declared a cash dividend of $0.48 per share of common stock for the quarter ended March 31, 2020, which equates to an annual dividend of $1.92 per share. This quarterly dividend is payable on June 8, 2020 to all holders of record as of May 18, 2020.The Board also declared a cash dividend of $21.5625 per share of the Company’s 8 5/8% Series A Cumulative Redeemable Preferred Stock.  The dividend is payable on June 1, 2020, which is the next regularly scheduled dividend payment date, to all holders of record as of May 15, 2020.About HighwoodsHighwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index. ...

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Dynavax Reports Interim Analysis of Ongoing Clinical Trial Evaluating HEPLISAV-B in Patients Undergoing Hemodialysis

Demonstrated seroprotection rate of 86.4% at week 20 after 4 standard doses of HEPLISAV-BSafety data showed HEPLISAV-B was well toleratedCompany to host webinar review of data Thursday, April 30, 2020 at 1:00 p.m. ET/10:00 a.m. PT EMERYVILLE, Calif., April 28, 2020 (GLOBE NEWSWIRE) — Dynavax Technologies Corporation (Nasdaq: DVAX), a biopharmaceutical company focused on developing and commercializing novel vaccines, today reported immunogenicity and safety data from an interim analysis of the ongoing clinical trial evaluating HEPLISAV-B® [Hepatitis B Vaccine (Recombinant), Adjuvanted] in patients undergoing hemodialysis. This data was chosen for oral presentation at the National Foundation for Infectious Diseases (NFID) 2020 Annual Conference on Vaccinology Research (ACVR), a premier forum for the exchange of scientific and clinical...

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Western New England Bancorp, Inc. Reports Results for Three Months Ended March 31, 2020 and Declares Quarterly Cash Dividend

WESTFIELD, Mass., April 28, 2020 (GLOBE NEWSWIRE) — Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three months ended March 31, 2020. The Company reported net income of $2.1 million, or $0.08 per diluted share, for the three months ended March 31, 2020, as compared to net income of $3.4 million, or $0.13 per diluted share, for the three months ended March 31, 2019, and as compared to net income of $3.4 million, or $0.13 per diluted share, for the three months ended December 31, 2019.The Company also announced that the Board of Directors declared a quarterly cash dividend of $0.05 per share, payable on or about May 27, 2020 to shareholders of record on May 13, 2020.James C. Hagan, President...

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First Citizens BancShares Declares Dividend

RALEIGH, N.C., April 28, 2020 (GLOBE NEWSWIRE) — The Board of Directors of First Citizens BancShares Inc. (Nasdaq: FCNCA) declared on April 28, 2020, a quarterly dividend of 40 cents per share on the Class A and Class B common stock. The dividend is payable July 6, 2020, to shareholders of record June 15, 2020.ABOUT FIRST CITIZENS BANCSHARESFirst Citizens BancShares Inc. is the financial holding company for First Citizens Bank. First Citizens Bank provides a broad range of financial services to individuals, businesses, professionals and the medical community through more than 570 branch offices in 19 states, digital banking, ATMs and telephone banking. As of March 31, 2020, BancShares had total assets of $41.59 billion. For more information, visit First Citizens’ Web site at firstcitizens.com.Barbara ThompsonFirst Citizens BancShares(919)...

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Cerner Reports First Quarter 2020 Results

KANSAS CITY, Mo., April 28, 2020 (GLOBE NEWSWIRE) — Cerner Corporation (Nasdaq: CERN) today announced results for the 2020 first quarter that ended March 31, 2020.Bookings in the first quarter of 2020 were $1.09 billion, at the low end of the Company’s expectations as the outbreak of the COVID-19 pandemic in mid-March caused the volume of contracts to be lower than normal in the last two weeks of the quarter.First quarter 2020 revenue was $1.41 billion, an increase of 2 percent compared to $1.39 billion in the first quarter of 2019 and slightly below the company’s expectations due to the lower level of bookings in the quarter as well as travel restrictions implemented by the company in response to the pandemic.On a U.S. Generally Accepted Accounting Principles (GAAP) basis, first quarter 2020 net earnings were $147 million and diluted...

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First Citizens BancShares Reports Earnings for First Quarter 2020

RALEIGH, N.C., April 28, 2020 (GLOBE NEWSWIRE) —  First Citizens BancShares Inc. (“BancShares”) (Nasdaq: FCNCA) reported earnings for the first quarter of 2020 which were impacted by the global spread of the coronavirus (“COVID-19”) and its effects on the economic environment. Key results for the quarter ended March 31, 2020, are presented below:COVID-19 CRISIS PREPAREDNESS AND RESPONSEChairman and CEO, Frank B. Holding, Jr. Comments“We know the coronavirus and prevention measures are directly impacting everyone in a deeply personal way. We understand that it’s a stressful and challenging time for many and we’re here to assist. We’re working day and night to help our associates, customers and communities through this. At First Citizens, our financial position is strong. We’ve been in business for 122 years and continue to focus...

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