Day: November 16, 2020

Bought deal for 10,060,000 shares at $29.85 per share with 15% Over-Allotment Option

Expands CAE’s addressable market of customers including commercial cargo operatorsLow integration complexity within CAE’s existing European footprintMONTREAL, Nov. 16, 2020 (GLOBE NEWSWIRE) — (NYSE: CAE; TSX: CAE) – CAE today announced that it has acquired all the issued and outstanding shares of Flight Simulation Company B.V. (FSC) for a cash consideration of approximately €70 million (approximately C$108 million) paid to the sellers, calculated on the basis of an enterprise value of €100 million (approximately C$155 million).The acquisition expands CAE’s ability to address the training market for customers operating in Europe, including airline and cargo operators. It provides CAE with an expanded portfolio of customers and an established recurring training business which is highly complementary to CAE’s network. FSC is...

Élargissement du marché potentiel de clients de CAE y compris les transporteurs de fret commerciauxFaible niveau de complexité d’intégration au sein du réseau de centres de formation Européen de CAEMONTRÉAL , 16 nov. 2020 (GLOBE NEWSWIRE) — (NYSE : CAE; TSX : CAE) – CAE a annoncé aujourd’hui qu’elle a acquis la totalité des actions émises et en circulation de Flight Simulation Company B.V. (« FSC ») pour une contrepartie en espèces totalisant environ 70 M€ (environ 108 M$ CA) versée aux vendeurs, et calculée en fonction d’une valeur d’entreprise de 100 M€ (environ 155 M$ CA).Cette acquisition accroît la capacité de CAE à offrir des services de formation aux clients exerçant leurs activités en Europe, notamment les compagnies aériennes et les transporteurs de fret. Elle lui permet de profiter d’un bassin de clients élargi et de tirer...

RENO, Nev., Nov. 16, 2020 (GLOBE NEWSWIRE) — Ormat Technologies, Inc. (NYSE: ORA) (“Ormat” or the “Company”), a leading vertically integrated company that is primarily engaged in the geothermal and recovered energy generation (“REG”) businesses, as well the solar photovoltaic (PV) and energy storage and management services business, today announced the launch of an underwritten public offering of 4,150,000 shares of its common stock. Ormat expects to grant the underwriters a 30-day option to purchase up to an additional 622,500 shares of its common stock. The offering is subject to market and other conditions.Ormat intends to use the net proceeds from the offering for general corporate purposes, including working capital and capital expenditures, and for potential acquisitions, including complementary businesses, technologies or...

TORONTO, Nov. 16, 2020 (GLOBE NEWSWIRE) — Enthusiast Gaming Holdings Inc. (“Enthusiast Gaming” or the “Company”) (TSX: EGLX)(OTCQB: ENGMF)(FSE: 2AV), today announced results for the third quarter ended September 30, 2020.“The third quarter was another record quarter for us. The acquisition of Omnia in August was transformational, and Omnia’s assets and viewers are proving to be a natural fit for our ecosystem,” commented Adrian Montgomery, Chief Executive Officer of Enthusiast Gaming. “We are on a mission to prove the earnings power of our platform of 300 million gamers monthly. We are growing rapidly and look forward to continued strong performances in the fourth quarter and in 2021.”Third Quarter 2020 Highlights:Reported revenue was $16.3 million, an increase of 133% compared to $7.0 million in the second quarter;Pro forma revenue...

Combined company exceeds $500 million in expected annualized net revenueEnhanced profitability expected to materialize immediately>$20 million of anticipated annualized synergies from mergerDENVER, Nov. 16, 2020 (GLOBE NEWSWIRE) — NewAge, Inc. (Nasdaq: NBEV), the Colorado-based social selling and distribution company with a network of independent business owners across 75 countries worldwide, today announced that it has finalized and closed the merger agreement for the acquisition of ARIIX.Details of the final agreement and plan of merger are included in the Company’s Current Report on Form 8-K filed on November 16, 2020.Brent Willis, Chief Executive Officer of NewAge, commented, “We are very pleased to be able to fully converge these great companies now that the merger is complete. Both the revenue and cost synergies of the combined...

New data on the identification of at-risk NASH using NIS4™ technology alone or in combination with other non-invasive testsNew clinical data on NIS4™ technology as a prognostic biomarker to identify patients with higher likelihood of disease progressionLate breaker abstract on the detection of immune cells in liver tissue based on a combination of handcrafted and deep-learning approachOther new NASH data including clinical data supporting the correlation of NASH activity scores with fibrosis and markers of glucose metabolism, and late breaker abstract presenting final results of the RESOLVE-IT™ interim surrogate efficacy analysisLille (France), Cambridge (Massachusetts, United States), November 16, 2020 – GENFIT (Nasdaq and Euronext: GNFT a late-stage biopharmaceutical company dedicated to improving the lives of patients with metabolic...

Nouvelles données cliniques sur l’identification de NASH à risque par l’utilisation de la technologie NIS4™ seule ou en combinaison avec d’autres tests non-invasifsNouvelles données cliniques sur la technologie NIS4™ en tant que biomarqueur pronostic afin d’identifier les patients présentant un risque accru de progression de la maladieAbstract Late Breaker sur la détection de cellules immunitaires dans le tissu hépatique grâce à une combinaison de techniques de traitement d’images traditionnelles et de deep learningNouvelles données dans la NASH incluant des données cliniques soutenant la corrélation des scores d’activité de NASH avec la fibrose et les marqueurs du métabolisme du glucose, et abstract Late Breaker présentant les résultats finaux de l’analyse d’efficacité intermédiaire de RESOLVE-IT™Lille (France), Cambridge (Massachusetts,...

RALEIGH, N.C., Nov. 16, 2020 (GLOBE NEWSWIRE) — Highwoods Properties, Inc. (NYSE:HIW) today announced that David L. Gadis, 58, has been elected to join the Company’s Board of Directors effective January 1, 2021.Carlos E. Evans, Chairman of the Board of Highwoods Properties, said, “David has over 30 years of experience leading organizations, implementing long-term strategic plans and overseeing large and diverse workforces. His extensive managerial background and experience with a capital intensive industry complements the skills and experience of an already strong board. We look forward to the contributions David will make to our Company as we focus on continuing to deliver long-term shareholder value and supporting our local communities.”Mr. Gadis has served as chief executive officer and general manager of DC Water, one of the...