Day: May 28, 2020

The revised agreement announced in December 2019 is amended to address additional FTC areas of competitive concern primarily related to production for Sparkling Wine.Constellation’s Mission Bell facility is excluded from the transaction in response to concerns related to the production of the brands excluded from the December 2019 revised agreement.The transaction price is revised to approximately $1.03 billion, of which $250 million is an earnout based on divested brand performance over a two-year period.The transaction is expected to close in the second quarter of fiscal 2021, subject to FTC review.VICTOR, N.Y., May 28, 2020 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it and E. & J. Gallo Winery have further revised their original transaction...

Revenues up 36% to $10.4 million; Adjusted EBITDA up 21% to $1.8 millionBEVERLY, Mass. and TORONTO, May 28, 2020 (GLOBE NEWSWIRE) — Hamilton Thorne Ltd. (TSX-V:HTL), a leading provider of precision instruments, consumables, software and services to the Assisted Reproductive Technologies (ART), research, and cell biology markets, today reported financial and operational results for the quarter-ended March 31, 2020.HighlightsSales in USD increased 36% year over year to $10.4 million; sales in constant currency were up 38%Gross profit increased 31% year over year to $5.2 millionNet income increased $710 thousand to $145 thousandAdjusted EBITDA increased 21% year over year to $1.8 millionOrganic growth in USD was 11% for the quarter; 12% in constant currencyCash flow from operations was $709 thousand for the quarter; total cash at March...

BATON ROUGE, La., May 28, 2020 (GLOBE NEWSWIRE) — Amedisys, Inc. (NASDAQ: AMED), one of America’s leading home health, hospice and personal care companies, today announced that Paul B. Kusserow, President and Chief Executive Officer will present at the 2020 Jefferies Virtual Healthcare Conference on Tuesday, June 2, 2020.The presentation will begin at 11:00 a.m. Eastern Time. To access a live webcast of the Amedisys presentation, please log on through our website at http://investors.amedisys.com.About Amedisys:Amedisys, Inc. is a leading healthcare at home company delivering personalized home health, hospice and personal care. Amedisys is focused on delivering the care that is best for our patients, whether that is home-based personal care; recovery and rehabilitation after an operation or injury; care focused on empowering...

FLORHAM PARK, N.J., May 28, 2020 (GLOBE NEWSWIRE) — Phathom Pharmaceuticals, Inc. (Nasdaq: PHAT), a late clinical-stage biopharmaceutical company focused on developing and commercializing novel treatments for gastrointestinal diseases, announced today that Terrie Curran, President and Chief Executive Officer and Azmi Nabulsi, M.D., Chief Operating Officer, will present at three upcoming virtual investor conferences in June, including:Jefferies Virtual Healthcare ConferenceDate: June 3, 2020Time: 3:30 pm EDTGoldman Sachs 41st Annual Global Healthcare Conference Date: June 11, 2020Time: 2:10 pm EDTBMO Prescriptions for Success Healthcare ConferenceDate: June 23, 2020Time: 4:00 pm EDTExecutive management will also participate in one-on-one meetings during the conferences.To access the live webcast and archived recordings for each presentation,...

VANCOUVER, British Columbia, May 28, 2020 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport Fuel Systems” or the “Company”) (TSX:WPRT / Nasdaq:WPRT) today announced that they have secured a €5 million loan from UniCredit Italia (“UniCredit”) to bolster liquidity during the COVID-19 pandemic.The loan, guaranteed by the Central Guarantee Fund for 90% of its countervalue has a five-year term, in accordance with Article 13 of the liquidity decree. This transaction and the earlier announced deferral of 2020 principal payments of US$6.0 million to Export Development Canada on March 25, 2020 confirms the Company’s strategy to secure and protect liquidity and to fund its operations through a prudent balance sheet policy.“The loan from UniCredit enables us to focus on the safe and efficient ramp-up of our Italian operations in Brescia...

MIAMI, May 28, 2020 (GLOBE NEWSWIRE) — NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (“NCLH”, or the “Company”), announced today that it closed its previously announced private placement of $400 million in aggregate principal amount of its exchangeable senior notes due 2026 (the “Private Exchangeable Notes”) to an affiliate of L Catterton. NCLC expects to use the net proceeds from the placement of the Private Exchangeable Notes for general corporate purposes.The Private Exchangeable Notes will be general senior unsecured obligations of NCLC, guaranteed by NCLH, and will be exchangeable at the holder’s option at any time prior to the close of business on the business day immediately preceding the maturity date into Series A Preference Shares of NCLC, which shall be automatically exchangeable...

SANTA MONICA, Calif., May 28, 2020 (GLOBE NEWSWIRE) — TrueCar, Inc. (NASDAQ: TRUE) announced today a strategic restructuring of its workforce to reinforce its pursuit of a best-in-class car buying experience.In anticipation of the termination of its partnership with USAA Federal Savings Bank later this year, TrueCar initiated a workforce reduction impacting 219 positions, over 30% of the organization. The timing and scope of the reduction was accelerated by the impact of COVID-19. As part of the workforce reduction, the company expects to reduce annual expenses related to headcount, excluding stock-based compensation, by approximately $35 million.Strategic restructuring to support a leaner operating model and reinforce focus on the consumer experienceIn parallel with the workforce reduction, TrueCar also made changes to better align...

BOSTON, May 28, 2020 (GLOBE NEWSWIRE) — THL Credit, Inc., (NASDAQ: TCRD) (the “Company”), a direct lender to middle market companies, today announced that its shareholders have approved entry into an investment management agreement between the Company and First Eagle Alternative Credit, LLC, formerly known as THL Credit Advisors LLC (the “Adviser”). The new investment management agreement replaces a prior interim agreement with the Adviser, and is effective immediately.First Eagle Alternative Credit is a leading investment manager formed by the combination of THL Credit Advisors LLC and First Eagle Investment Management, LLC’s (“First Eagle”) credit business. With assets under management and advisement of approximately $23 billion as of March 31, 2020, First Eagle Alternative Credit is among the leaders in both tradable credit and...

WILLIAMSVILLE, N.Y., May 28, 2020 (GLOBE NEWSWIRE) — National Fuel Gas Company (NYSE: NFG) (the “Company”) today announced that the Company has commenced an underwritten public offering of 3.25 million shares of the Company’s common stock (the “Common Stock”). The Company is conducting the offering pursuant to an effective registration statement under the Securities Act of 1933. The Company expects to grant the respective underwriters a 30-day option to purchase up to an additional 487,500 shares of Common Stock.The Company intends to use the net proceeds from the offering for general corporate purposes, which may include the payment of a portion of the purchase price for its previously announced acquisition of certain assets from SWEPI LP (the “Acquisition”). The offering is not contingent upon the consummation of the Acquisition.J.P....

Barranquilla, Colombia, May 28, 2020 (GLOBE NEWSWIRE) — Tecnoglass, Inc. (NASDAQ: TGLS) (“Tecnoglass” or the “Company”), a leading manufacturer of architectural glass, windows, and associated aluminum products for the global commercial and residential construction industries, today announced that the Company will attend the Baird 2020 Virtual Global Consumer, Technology & Services Conference on Thursday, June 4, 2020.Tecnoglass’ latest investor presentation will be provided at this conference. Prior to Tecnoglass’ attendance at this conference, the Company will post a copy of the presentation it intends to use in the Investor Relations section of the Company’s website at www.tecnoglass.com.About TecnoglassTecnoglass Inc. is a leading manufacturer of architectural glass, windows, and associated aluminum...