Day: June 24, 2020

DAYTONA BEACH, Fla., June 24, 2020 (GLOBE NEWSWIRE) — Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced the acquisition of a net-leased retail income property for a purchase price of approximately $8.0 million, representing a going-in cap rate of 6.68%.The Company acquired an approximately 55,000 square foot building leased to Hobby Lobby, situated on over four acres, with approximately 11 years remaining on the lease term that includes contractual rent escalations every five years.  The property, developed in 2016, is in the Asheville, North Carolina MSA.Including this single-tenant net leased retail income property, the Company’s portfolio now consists of 30 properties located in 20 markets and 13 states across 14 industries, with a weighted average remaining lease term of 8.7 years.  The Company has acquired...

LEXINGTON, Mass., June 24, 2020 (GLOBE NEWSWIRE) — Translate Bio, Inc. (Nasdaq: TBIO), a clinical-stage messenger RNA (mRNA) therapeutics company developing a new class of potentially transformative medicines to treat diseases caused by protein or gene dysfunction, today announced that it has commenced an underwritten public offering of $125.0 million of its common stock. In addition, Shire Human Genetic Therapies, Inc. (Shire), a subsidiary of Takeda Pharmaceutical Company Limited, is offering 6,824,992 shares of Translate Bio’s common stock in the offering. Translate Bio will not receive any proceeds from the sale of the shares by Shire. Translate Bio also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the base shares of common stock offered in the public offering.Goldman Sachs &...

MORRISTOWN, N.J., June 24, 2020 (GLOBE NEWSWIRE) — Melinta Therapeutics, Inc. (“Melinta”), a commercial-stage antibiotics company, announced that on June 24, 2020, pursuant to the Agreement and Plan of Merger by and among Melinta, Toronto Transaction Corp. (“Purchaser”) and Tetraphase Pharmaceuticals, Inc. (“Tetraphase”) dated as of June 4, 2020 (the “Merger Agreement”), it had terminated the previously announced cash tender offer to acquire all of the outstanding shares of common stock of Tetraphase (the “Offer”).On June 19, 2020, Tetraphase gave written notice to Melinta and Purchaser that it received a proposed offer from La Jolla Pharmaceutical Company (“La Jolla”) to acquire Tetraphase for $43.0 million in cash, plus an additional $16.0 million in cash potentially payable under contingent value rights to be issued in the transaction...

HINGHAM, Mass., June 24, 2020 (GLOBE NEWSWIRE) — HINGHAM INSTITUTION FOR SAVINGS (NASDAQ:HIFS) (“the Bank”), Hingham, Massachusetts, announced that its Board of Directors has declared a regular quarterly cash dividend of $0.43 per share.  This represents an increase of 2% over the previous regular quarterly dividend of $0.42 per share.  The dividend will be paid on July 15, 2020 to stockholders of record as of July 6, 2020.Robert H. Gaughen, Jr., Chairman and Chief Executive Officer of the Bank, in announcing the dividend, stated, “Although recent economic conditions have been extraordinary and the near-term outlook remains uncertain, we remain intently focused on careful capital allocation, defensive underwriting, and disciplined cost control – the building blocks for compounding shareholder capital through all stages of...

CAMBRIDGE, Mass., June 24, 2020 (GLOBE NEWSWIRE) — Evelo Biosciences, Inc. (Nasdaq: EVLO) (“Evelo”), a clinical stage biotechnology company developing a new modality of orally delivered, systemically acting biologic therapies, today announced that it intends to offer and sell, subject to market and other conditions, $40 million of its common stock in an underwritten public offering. Evelo expects to grant the underwriters a 30-day option, solely to cover over-allotments, if any, to purchase up to an additional $6 million of its common stock. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. All of the shares in the proposed offering are to be sold by Evelo.Morgan Stanley, Cowen and BMO Capital Markets are acting as joint book-running managers for the...

Woburn, Mass., June 24, 2020 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ: BLIN), a provider of cloud-based digital experience software, announced today that a top online retailer of prescription eyewear has selected Celebros Search by Bridgeline as their site search solution for their online store.The company set out to disrupt the traditional eyewear industry and it has done just that by becoming one of the largest online eyewear retailer in the U.S. The company offers a variety of both high-quality designer and house brands with a wide range of styles and lens types including: single vision lenses, multifocal lenses, Rx sunglasses, sports glasses, kids glasses, contact lenses, digital protection (blue light blocking), anti-reflective coatings and more. The eyewear retailer offers a wide range of premium brands including:...

FCA enters into €6.3 billion credit facility with Intesa Sanpaolo, supporting the restart and transformation of Italy’s automotive sectorFCA Italian companies confirm commitment to implement extensive investment plan for Italy, most of which has already been initiated. New initiatives include development of the new hybrid engine module at Termoli, which will equip the Jeep Renegade, Jeep Compass and Fiat 500X produced at Melfi.FCA Italy S.p.A. (“FCA” or “the Company“) – a wholly owned subsidiary of Fiat Chrysler Automobiles N.V. (NYSE:FCAU / MTA:FCA) – and other Italian companies in the FCA Group announce that they have signed a 3-year, €6.3 billion credit facility with Intesa Sanpaolo, Italy’s largest banking group, the proceeds of which will be dedicated exclusively to FCA’s activities in Italy and...

LOS ANGELES and TORONTO, June 24, 2020 (GLOBE NEWSWIRE) — The Tinley Beverage Company Inc. (“Tinley” or the “Company”) is pleased to announce that its Phase 3 bottling facility in Long Beach, California has passed all remaining municipal inspections.  The facility has received a provisional cannabis manufacturing license from the State of California, and the Company expects production in the facility to begin in mid-July.The Company’s 20,000 square foot bottling facility has successfully passed the City of Long Beach’s electrical, plumbing, health, mechanical, fire, building final and cannabis manufacturing inspections.  The facility has accordingly received a Temporary Certificate of Occupancy from the City of Long Beach, which enables issuance of its Conditional Business License.  This conditional municipal license enables the...

NEW YORK, June 24, 2020 (GLOBE NEWSWIRE) — Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced the pricing of the previously announced private offering (the “Offering”) of $400 million aggregate principal amount of its 5.000% senior notes due 2028 (the “Notes”). The initial offering price to investors will be 100.000% of the principal amount thereof. The Notes will be guaranteed by the Company’s wholly owned domestic restricted subsidiaries that are borrowers under or that guarantee its senior secured credit facilities or that guarantee certain other indebtedness. The offering is expected to close on June 30, 2020, subject to customary closing conditions.MTI intends to use the net proceeds of the Offering (i) to repay all of its outstanding fixed rate term loans, (ii) to repay all of its outstanding borrowings...