Day: July 28, 2020

Sportsman’s Warehouse Promotes Bowhunting with The Outdoor Group Sponsorship on Archery Hunting Show, “Respect the Game,” starts 12/28/2020

Written by Customer Service on July 28, 2020. Posted in Public Companies.

WEST JORDAN, Utah, July 28, 2020 (GLOBE NEWSWIRE) — Sportsman’s Warehouse Holdings, Inc. (Nasdaq: SPWH), www.sportsmans.com, recently signed an agreement with The Outdoor Group, LLC, www.togllc.com, to sponsor the popular archery hunting show, “Respect the Game,” for one year starting December 28, 2020.“’Respect the Game’ is an action-packed show that focuses predominantly on bowhunting big as well as small game,” states Larry McCoy, The Outdoor Group Marketing/Media Director. “The show is unique because it focuses on various products’ influence on hunting success rather than focusing on television personalities. ‘Respect the Game’ offers an approachable, engaging format for every day hunters to learn from archery experts through watching the experts’ real-life hunting experiences. With its high-quality production, it takes reality...

Pacira BioSciences Announces Settlement of Government Investigation

Written by Customer Service on July 28, 2020. Posted in Public Companies.

PARSIPPANY, N.J., July 28, 2020 (GLOBE NEWSWIRE) — Pacira BioSciences, Inc. (Nasdaq: PCRX), a leading provider of innovative non-opioid pain management options, today announced settlement agreements that resolve all outstanding investigations and claims by the United States Department of Justice, the United States Department of Health and Human Services, various States Attorneys’ General, and a private plaintiff. This agreement concludes a five-year investigation related to the sale and marketing of EXPAREL® (bupivacaine liposome injectable suspension), the company’s long-acting non-opioid local analgesic for postsurgical pain management. The agreements were approved by United States District Court for the District of New Jersey. Under the various settlement agreements, Pacira will pay an aggregate of approximately $3.5 million. ...

Avis Budget Group Removes over $1 Billion in Expenses in Second Quarter to Mitigate Impacts of COVID-19

Written by Customer Service on July 28, 2020. Posted in Public Companies.

PARSIPPANY, N.J., July 28, 2020 (GLOBE NEWSWIRE) — Avis Budget Group, Inc. (NASDAQ: CAR) today announced second quarter 2020 financial results, with a Net loss of $481 million and an Adjusted net loss of $388 million. Total Revenues were down 67% year-over-year.Throughout the quarter, we increased the magnitude of our cost removal actions, and currently are targeting over $2.5 billion on an annualized basis. Adjusted EBITDA for the second quarter was a loss of $382 million, but sequentially improved each month as we adjusted to market dynamics and right sized our fleet. The quarter culminated with an Adjusted EBITDA loss of $28 million for June, highlighted by positive Adjusted EBITDA of $3 million in the Americas segment.Our liquidity at the end of the quarter was $1.5 billion. We estimated cash burn would be approximately $900...

Riviera Resources Announces Sale of North Louisiana Properties for $26.5 Million

Written by Customer Service on July 28, 2020. Posted in Public Companies.

HOUSTON, July 28, 2020 (GLOBE NEWSWIRE) — Riviera Resources, Inc. (OTCQX: RVRA) (“Riviera” or the “Company”) announces it has signed a definitive agreement to sell its interest in properties located in North Louisiana to an undisclosed buyer for a contract price of $26.5 million, subject to closing adjustments. The Company expects the transaction will close in the third quarter of 2020.The properties to be sold consist of approximately 100 wells located in North Louisiana with average second quarter net production of approximately 16 Mmcfe/d. This transaction is subject to satisfactory completion of due diligence, as well as the satisfaction of closing conditions. RBC Richardson Barr acted as financial advisor and Kirkland & Ellis LLP as legal counsel during the transaction.The estimated net proceeds from the sale are expected...

First Horizon Declares Cash Dividends on Common and Preferred Stock

Written by Customer Service on July 28, 2020. Posted in Public Companies.

MEMPHIS, Tenn., July 28, 2020 (GLOBE NEWSWIRE) — First Horizon National Corp.’s (NYSE:FHN) board of directors has approved payment of a quarterly cash dividend on its common stock of $0.15 per share. The dividend is payable October 1, 2020 to the common shareholders of record on September 11, 2020.The board also approved payment of cash dividends on First Horizon’s Series A, Series C, Series D and Series E Preferred Stock as described in the following paragraphs.The board approved payment of the quarterly cash dividend of $1,550.00 per share on First Horizon’s Non-Cumulative Perpetual Preferred Stock, Series A (“Series A Preferred Stock”). This equates to a cash dividend of $0.387500 per Depositary Share (NYSE:FHN PRA), which each represent a 1/4,000th interest in a share of the Series A Preferred Stock. The dividend...

L Brands Provides Update on Progress in Executing Go-Forward Strategy

Written by Customer Service on July 28, 2020. Posted in Public Companies.

Announces Approximately $400 Million in Annualized Cost ReductionsCompany has Reopened Most Bath & Body Works and Victoria’s Secret Stores in North AmericaCOLUMBUS, Ohio, July 28, 2020 (GLOBE NEWSWIRE) — L Brands, Inc. (NYSE: LB) today provided an update on actions the company is taking to drive long-term shareholder value and toward establishing Bath & Body Works as a pure-play public company and preparing the Victoria’s Secret Lingerie, Victoria’s Secret Beauty and PINK businesses (collectively, Victoria’s Secret) to operate as a separate, standalone company.Expense ReductionsThe company today announced that it expects to deliver approximately $400 million in annualized cost reductions through its profit improvement plan for Victoria’s Secret and actions to decentralize and streamline shared corporate and other functions....

Krystal Biotech Announces Initiation of Pivotal Phase 3 Study of Beremagene Geperpavec in Patients with Dystrophic Epidermolysis Bullosa

Written by Customer Service on July 28, 2020. Posted in Public Companies.

The randomized, double-blind GEM-3 trial will compare repeat dosing of either B-VEC or placebo in approximately 30 dystrophic epidermolysis bullosa (DEB) patients Top line data and BLA filing are anticipated in 2021; EMA aligned on pivotal study design and an MAA is anticipated shortly after BLAPITTSBURGH, July 28, 2020 (GLOBE NEWSWIRE) — Krystal Biotech, Inc. (Nasdaq:KRYS), a fully integrated gene therapy company driven by its proprietary, engineered herpes simplex virus type 1 vector (HSV-1) platform, today announced the initiation of GEM-3 study, a multi-center, placebo-controlled, double-blinded, Phase 3 clinical study of beremagene geperpavec (“B-VEC”, previously “KB103”) for the treatment of dystrophic epidermolysis bullosa (DEB) patients.“Despite the logistical challenges associated with COVID-19, Stanford and I are excited...

EXMceuticals Inc. Announces Loan Settlement and Share Issuance

Written by Customer Service on July 28, 2020. Posted in Public Companies.

Not for distribution in the U.S. or to U.S. Newswire ServicesVANCOUVER, British Columbia, July 28, 2020 (GLOBE NEWSWIRE) — EXMceuticals Inc. (CSE: EXM) (FSE: A2PAW2), (the “Company” or “EXM”) is pleased to announce that further to its news release dated July 22, 2020, pursuant to certain loan agreements previously entered into between the Company and certain lenders, such lenders have participated in a qualifying equity financing to settle loans in the aggregate amount of $4,605,171 through the issuance of 23,025,855 common shares in the capital of the Company (the “Loan Settlement”). All shares are subject to a four month hold period expiring on November 25, 2020.Early WarningPursuant to the Loan Settlement, Jonathan Summers, Chief Executive Officer of the Company, acquired 11,270,855 common shares of the Company by way of a private...

Artisan Partners Asset Management Inc. Reports 2Q20 Results

Written by Customer Service on July 28, 2020. Posted in Earnings Releases And Operating Results.

MILWAUKEE, July 28, 2020 (GLOBE NEWSWIRE) — Artisan Partners Asset Management Inc. (NYSE: APAM) (the “Company” or “Artisan Partners”) today reported its results for the three and six months ended June 30, 2020, and declared a quarterly dividend. The full June 2020 quarter earnings release and investor presentation can be viewed at www.apam.com.Conference CallThe Company will host a conference call on July 29, 2020 at 1:00 p.m. (Eastern Time) to discuss these results. Hosting the call will be Eric Colson, Chairman and Chief Executive Officer, and C.J. Daley, Chief Financial Officer. Supplemental materials that will be reviewed during the call are available on the Company’s website at www.apam.com. The call will be webcast and can be accessed via the Company’s website. Listeners may also access the call by dialing 877.328.5507 or 412.317.5423...

First Quantum Minerals Reports Second Quarter 2020 Results

Written by Customer Service on July 28, 2020. Posted in Earnings Releases And Operating Results.

(In United States dollars, except where noted otherwise)TORONTO, July 28, 2020 (GLOBE NEWSWIRE) — First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX:FM) today reported results for the three and six months ended June 30, 2020. The Company reported, for the three months ended June 30, 2020 (“Q2”), a comparative loss1 of $84 million ($0.12 loss per share1), net loss attributable to shareholders of the Company1 of $156 million ($0.23 loss per share1) and cash flows from operating activities of $155 million ($0.23 per share1).“Although the second quarter of 2020 has brought unprecedented challenges around the globe, the Company has shown resilience and performed very well financially and operationally. Copper production from our Zambian operations, in particular, was strong and Sentinel achieved...

Day: July 28, 2020

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