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Day: December 16, 2020

SCYNEXIS Announces Launch of $50 Million Public Offering of Common Stock and Warrants

JERSEY CITY, N.J., Dec. 16, 2020 (GLOBE NEWSWIRE) — SCYNEXIS, Inc. (Nasdaq:SCYX) today announced that it has commenced an underwritten public offering of shares of its common stock and warrants to purchase shares of its common stock, including pre-funded warrants to purchase common stock in lieu of common stock for certain purchasers. All of the shares of common stock and warrants in the offering will be sold by SCYNEXIS. The offering is subject to market conditions, and 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.Guggenheim Securities, LLC and Cantor Fitzgerald & Co. are serving as joint book-running managers for the offering. National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (NASDAQ: NHLD) is serving as...

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Valorising emissions from steel making into sustainable products

LONDON, Dec. 16, 2020 (GLOBE NEWSWIRE) — Johnson Matthey (JM), a global leader in sustainable technologies, is a partner of the INITIATE (Innovative industrial transformation of the steel and chemical industries of Europe) project consortium. The consortium will investigate the potential of a novel synergetic and circular process that transforms residual carbon-rich gas from the steel sector into resources for high purity urea.The European Union has awarded 21 M€ to enable the demonstration of such an industrial symbiosis concept between the steel and chemical industries.To reach EU climate targets, the steel and iron production sectors are looking to decrease their CO2 emissions by up to 90% by 2050. INITIATE will demonstrate how residual carbon-rich gases, such as blast furnace gas and basic oxygen furnace gas, from the steel...

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FEMSA aumenta su presencia en la Industria de Distribución Especializada en Estados Unidos

MONTERREY, México, Dec. 16, 2020 (GLOBE NEWSWIRE) — Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) anuncia el día de hoy que ha logrado acuerdos para adquirir dos empresas independientes dedicadas a la distribución especializada en los Estados Unidos: Southeastern Paper Group, basada en Spartanburg, Carolina del Sur, y SWPlus, basada en Wichita, Kansas. A septiembre de 2020, los ingresos combinados de los últimos doce meses de las empresas adquiridas fueron de aproximadamente US$380 millones.Estas adquisiciones son consistentes con la estrategia de FEMSA de crear una plataforma nacional de distribución, construyendo sobre las capacidades de FEMSA y la base formada por la fusión de WAXIE Sanitary Supply y North American Corporation realizada a principios de año.Las transacciones están sujetas a condiciones...

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FEMSA increases its specialized distribution footprint in the United States

MONTERREY, Mexico, Dec. 16, 2020 (GLOBE NEWSWIRE) — Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV: FEMSAUBD) announced today it has reached agreements to acquire two independent specialized distribution businesses in the United States: Southeastern Paper Group, Inc., based in Spartanburg, South Carolina and Southwest Paper Company, Inc., (dba “SWPlus”) based in Wichita, Kansas. Combined revenues of the acquired businesses for the last twelve months as of September 2020, were approximately US$ 380 million.These acquisitions fit well with FEMSA’s strategy of creating a national distribution platform, building on FEMSA’s capabilities and the foundation formed by the merger of WAXIE Sanitary Supply and North American Corporation earlier in the year.The transactions are subject to customary closing conditions and...

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Tribune Publishing Company Announces Sale of BestReviews LLC to Nexstar Inc. for $160 Million

CHICAGO, Dec. 16, 2020 (GLOBE NEWSWIRE) — Tribune Publishing Company (NASDAQ:TPCO) today announced that after a comprehensive sales process Tribune and BR Holding Company, Inc. have entered into a definitive agreement to sell 100% of BestReviews LLC to Nexstar Inc., a wholly-owned subsidiary of Nexstar Media Group, Inc. (NASDAQ: NXST), for $160 million in cash. BestReviews LLC is owned 60% by Tribune and 40% by its founders, BR Holding Company, Inc.“We are pleased that through our majority ownership of BestReviews we have created substantial value for the BestReviews business and Tribune Publishing shareholders. While Tribune Publishing will not have an ongoing ownership interest, we look forward to a continuing commercial relationship with BestReviews as a partner in content and commerce,” said Terry Jimenez, CEO of Tribune Publishing...

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Qutoutiao Inc. Reports Third Quarter 2020 Unaudited Financial Results

SHANGHAI, China, Dec. 16, 2020 (GLOBE NEWSWIRE) — Qutoutiao Inc. (“Qutoutiao”, the “Company” or “We”) (NASDAQ: QTT), a leading operator of mobile content platforms in China, today announced its unaudited financial results in the third quarter ended September 30, 2020.Third Quarter 2020 HighlightsCombined average MAUs1 were 120.5 million, compared to 133.9 million in the third quarter of 2019 and 136.5 million in the second quarter of 2020.Combined average DAUs2 were 39.7 million, compared to 42.1 million in the third quarter of 2019 and 43.0 million in the second quarter of 2020.Average daily time spent per DAU was 55.3 minutes, compared to 61.3 minutes in the third quarter of 2019 and 55.2 minutes in the second quarter of 2020.Net revenues were RMB1,130.0 million (US$166.4 million), at the low end of the Company’s guided range of...

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Bank of Commerce Holdings Announces Fourth Quarter Cash Dividend of $0.06 per Share

SACRAMENTO, Calif., Dec. 16, 2020 (GLOBE NEWSWIRE) — Bank of Commerce Holdings (NASDAQ: BOCH) (the “Company”), a $1.740 billion asset bank holding company and parent company of Merchants Bank of Commerce (the “Bank”), today announced that the Board of Directors has authorized a cash dividend of $0.06 per share for the 2020 fourth quarter, a $0.01 increase over the prior quarter.The $0.06 per share quarterly cash dividend will be paid to shareholders of record as of December 29, 2020 and is payable on January 8, 2021.About Bank of Commerce HoldingsBank of Commerce Holdings is a bank holding company headquartered in Sacramento, California and is the parent company for Merchants Bank of Commerce. The Bank is an FDIC-insured California banking corporation providing community banking and financial services in northern California along...

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Altus Group Announces Fourth Quarter 2020 Dividend

TORONTO, Dec. 16, 2020 (GLOBE NEWSWIRE) — Altus Group Limited (“Altus Group” or “the Company”) (TSX: AIF), a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry, announced today that the Board of Directors has approved the payment of a cash dividend of $0.15 per common share for the fourth quarter ending December 31, 2020.Payment will be made on January 15, 2021 to common shareholders of record as at December 31, 2020.Altus Group’s Dividend Reinvestment Plan (“DRIP”) permits eligible shareholders to direct their cash dividends to be reinvested in additional common shares of the Company. For shareholders who wish to reinvest their dividends under the DRIP, Altus Group intends to issue common shares from treasury at a price equal to 96% of the weighted average...

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