Day: July 8, 2020

SEATTLE, July 08, 2020 (GLOBE NEWSWIRE) — SAFR® from RealNetworks, Inc. (NASDAQ: RNWK), the world’s premier facial recognition and computer vision platform for live video, today announced the addition of Walter Candelu as Area Vice President for the Middle East. Mr. Candelu brings experience and leadership to the new SAFR office in Dubai. He will drive its growing sales and business development initiatives across the Middle East Region. Mr. Candelu will be based in Dubai, UAE and will focus on expanding the SAFR reseller channel, partner network, and regional sales and marketing programs. Prior to joining SAFR, he held senior positions with leading security companies where he successfully drove the exponential growth of their technical capabilities and revenue. Most recently he was the Head of Sales and Business Development for...

NORTHBROOK, Ill., July 07, 2020 (GLOBE NEWSWIRE) — The Allstate Corporation (NYSE: ALL) has agreed to acquire National General Holdings Corporation for approximately $4 billion in cash, or $34.50 per share. The transaction is expected to close in early 2021, subject to regulatory approvals and other customary closing conditions.“Acquiring National General accelerates Allstate’s strategy to increase market share in personal property-liability and significantly expands our independent agent distribution,” said Tom Wilson, Chair, President and CEO. “The acquisition increases personal lines premiums by $4.0 billion and market share by over 1 percentage point to 10%. National General’s business and technology platforms will be utilized to further strengthen Allstate’s existing independent agent businesses. The transaction will be accretive...

SAN FRANCISCO, July 07, 2020 (GLOBE NEWSWIRE) — Vir Biotechnology, Inc. (Nasdaq: VIR), a clinical-stage immunology company focused on treating and preventing serious infectious diseases, today announced the pricing of its previously announced underwritten public offering of 7,142,857 shares of its common stock at a price to the public of $42.00 per share. The gross proceeds to Vir from the offering before deducting the underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $300.0 million. The offering is expected to close on July 10, 2020, subject to satisfaction of customary closing conditions. In addition, Vir has granted the underwriters a 30-day option to purchase up to 1,071,428 additional shares of its common stock.Goldman Sachs & Co. LLC, BofA Securities, Cowen and Barclays...

COPENHAGEN, Denmark, July 07, 2020 (GLOBE NEWSWIRE) — Ascendis Pharma A/S (Nasdaq:ASND), a biopharmaceutical company that utilizes its innovative TransCon™ technologies to address unmet medical needs, today announced the pricing of its underwritten public offering of 4,225,352 American Depositary Shares (“ADSs”), each of which represents one ordinary share of Ascendis, at a price to the public of $142.00 per ADS. All of the ADSs are being offered by Ascendis. The offering is expected to close on or about July 10, 2020 subject to customary closing conditions. In addition, Ascendis has granted the underwriters a 30-day option to purchase up to an additional 633,802 ADSs at the public offering price, less the underwriting commissions.Ascendis estimates net proceeds from the offering to be approximately $569.2 million (assuming no exercise...

SAN FRANCISCO, July 07, 2020 (GLOBE NEWSWIRE) — 89bio, Inc. (Nasdaq: ETNB), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapies for the treatment of liver and cardio-metabolic diseases, today announced the pricing of an upsized underwritten public offering of 2,649,600 shares of its common stock at a public offering price of $27.50 per share. The gross proceeds of the offering, before deducting the underwriting discount and other offering expenses payable by 89bio, are expected to be approximately $72.9 million. All of the shares are being offered by 89bio.  In addition, 89bio has granted the underwriters a 30-day option to purchase up to an additional 397,440 shares of common stock at the public offering price, less the underwriting discounts and commissions. The offering...

SANTIAGO, Chile, July 07, 2020 (GLOBE NEWSWIRE) — ITAÚ CORPBANCA (NYSE: ITCB; SSE: ITAUCORP) announced today that it will release its results for the second quarter ended June 30, 2020, before the market opens in Santiago and in New York on Friday, July 31, 2020.On Monday, August 3, 2020, at 11:00 A.M. Santiago time (11:00 A.M. ET), the Company’s management team will host a conference call to discuss the financial results. The call will be hosted by Gabriel Moura, Itaú Corpbanca’s Chief Executive Officer and Claudia Labbé, Itaú Corpbanca’s Head of Investor Relations.Conference Call Details:Participant registration: http://www.directeventreg.com/registration/event/6775796Upon registering, each participant will be provided with call details and a registrant ID used to track attendance on the conference call. Reminders will also be...

CALGARY, Alberta, July 07, 2020 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (CKK: TSX-V) released today its first quarter 2020 results.FIRST QUARTER ENDED MARCH 31, 2020For the three month period ended March 31, 2020, Cordy’s consolidated revenues increased by 48 percent, from the comparative period in 2019. Cordy’s consolidated operating earnings increased $0.5 million or 49 percent from the comparative period. Cordy’s net income was $0.9 million for the three months ended March 31, 2020, as compared to $0.3 million for the three months ended March 31, 2019, representing a 199% increase over the prior period.The Environmental Services segment saw a significant increase in revenue for the three month period ended March 31, 2020, from the comparative period in 2019. The increase was...