Apollo-Led Consortium to Acquire 49.9 Percent Interest in Anheuser-Busch InBev’s US-Based Metal Container Plants

Written by Customer Service on December 23, 2020. Posted in Mergers And Acquisitions.

NEW YORK, Dec. 23, 2020 (GLOBE NEWSWIRE) — Apollo Global Management, Inc. (NYSE: APO ) today announced that accounts and entities advised by Apollo and its subsidiaries (collectively “Apollo”) and a group of institutional investors have entered into a strategic relationship with Anheuser-Busch InBev SA/NV (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) (“AB InBev”) to acquire a 49.9% stake in Anheuser-Busch InBev’s US-based metal container plants for approximately 3 billion USD. This transaction, once completed, will allow AB InBev to create additional shareholder value by optimizing its business at an attractive price and generate proceeds to repay debt, in line with its deleveraging commitments.For Apollo, the transaction presents a unique opportunity to invest in high-quality assets with long-term, stable cashflows alongside...

StoneMor Inc. Announces Compliance With NYSE Listing Standards

Written by Customer Service on December 23, 2020. Posted in Public Companies.

TREVOSE, Pa., Dec. 23, 2020 (GLOBE NEWSWIRE) — StoneMor Inc. (NYSE: STON) (“StoneMor” or the “Company”), a leading owner and operator of cemeteries and funeral homes, announced today that it received notification from the New York Stock Exchange (“NYSE”) on December 23, 2020 that the Company has regained compliance with the NYSE continued listing criteria that requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period. The Company also remains in compliance with all other NYSE continued listing standard rules.As of December 23, 2020, the last day of the Company’s cure period for compliance with the minimum price condition, StoneMor had a closing share price of $2.58 and an average closing share price of $1.495 over the preceding 30 trading-day period.About...

Tucson Electric Power reçoit la décision concernant sa requête de majoration tarifaire générale

Written by Customer Service on December 23, 2020. Posted in Public Companies.

ST. JOHN’S, Terre-Neuve-et-Labrador, 23 déc. 2020 (GLOBE NEWSWIRE) — Fortis Inc. (« Fortis » ou « la Société ») (TSX/NYSE : FTS) a annoncé aujourd’hui que l’Arizona Corporation Commission (« l’ACC ») a approuvé de nouveaux taux en réponse à la requête de majoration tarifaire générale de Tucson Electric Power (« TEP ») à compter du 1er janvier 2021.L’ACC a approuvé une base tarifaire de 2,7 milliards de dollars américains, y compris une part d’environ 1,2 milliard investie depuis la dernière ordonnance tarifaire. L’ACC a aussi approuvé un rendement des capitaux propres autorisé de 9,15 % (contre 9,75 % auparavant) et une structure du capital prévoyant 53 % de capitaux propres (contre 50 % auparavant). Cette décision prend en compte le rendement de 0,20 % de l’écart d’évaluation.TEP travaille à mettre à niveau son réseau de transmission...

3 Sixty – Letter to Stakeholders

Written by Customer Service on December 23, 2020. Posted in Public Companies.

ALMONTE, Ontario, Dec. 23, 2020 (GLOBE NEWSWIRE) — 3 Sixty Risk Solutions Ltd. (“3 Sixty” or the “Company”) (CSE: SAFE) (OTCQB: SAYFF) (FSE: 62P2) is pleased to provide an update regarding its business and operations to company stakeholders.Dear Stakeholders of 3 Sixty Risk Solutions Ltd.:Please let me introduce myself: my name is David Beck. I am the Chairman of the Board of Directors (BOD) at 3 Sixty Risk Solutions Ltd. (‘3 Sixty’). I am writing this letter to all company stakeholders as an extension of, and further to a press release dated November 23, 2020 entitled ‘Business Update’. In April 2020, I joined the 3 Sixty BOD and was subsequently appointed to Chairman in September. While my priority and statutory duty is to work to the benefit of all stakeholders of 3 Sixty, with 16.2 million shares, I am also the second largest...

Aequus Pharma 2021 Outlook and Holiday Wishes

Written by Customer Service on December 23, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, Dec. 23, 2020 (GLOBE NEWSWIRE) — Aequus Pharmaceuticals Inc. (TSX-V: AQS, OTCQB: AQSZF), a specialty pharmaceutical company with a focus on developing, advancing and promoting differentiated products, announced today a message from the CEO and Chairman of Aequus, Doug Janzen.Dear Friends,Merry Christmas, Happy Hanukkah, and Seasons Greetings to all our shareholders, clinician partners, patients, and customers.As we approach the final days of 2020, we would like to recognize the dedication and resilience of our team, who have worked diligently to achieve major milestones and continued growth for Aequus, while overcoming unprecedented challenges. Together we have added additional products to our commercial pipeline and became exceptionally agile in reaching our customers and creating growth, despite the...

Better World Acquisition Corp. Announces the Separate Trading of its Common Stock and Warrants, Commencing December 28, 2020

Written by Customer Service on December 23, 2020. Posted in Public Companies.

New York, NY, Dec. 23, 2020 (GLOBE NEWSWIRE) — Better World Acquisition Corp. (NASDAQ: BWACU) (the “Company”) announced that, commencing December 28, 2020, holders of the units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s common stock and warrants included in the units. Common stock and warrants that are separated will trade on the Nasdaq Capital Market under the symbols “BWAC” and “BWACW,” respectively. Those units not separated will continue to trade on the Nasdaq Capital Market under the symbol “BWACU.”This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration...

Fortress Transportation and Infrastructure Investors LLC Announces Early Settlement of Tender Offer for 6.75% Senior Notes Due 2022

Written by Customer Service on December 23, 2020. Posted in Public Companies.

NEW YORK, Dec. 23, 2020 (GLOBE NEWSWIRE) — Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) (the “Company” or “FTAI”) announced today the early settlement of its previously announced cash tender offer to purchase up to $300 million aggregate principal amount (the “Maximum Tender Amount”) of its 6.75% senior notes due 2022 (the “Notes”), upon the terms and conditions included in the Offer to Purchase, dated December 9, 2020 (the “Offer to Purchase”).The table below identifies, among other things, the aggregate principal amount of Notes validly tendered and not validly withdrawn as of 5:00 p.m., New York City time, on December 22, 2020 (the “Early Tender Deadline”), the aggregate principal amount of Notes that the Company has accepted for purchase and the approximate proration factor.The Early Tender Deadline has...

Amedisys Board of Directors Authorizes $100 million Stock Repurchase Program

Written by Customer Service on December 23, 2020. Posted in Public Companies.

BATON ROUGE, La., Dec. 23, 2020 (GLOBE NEWSWIRE) — Amedisys, Inc. (NASDAQ: AMED), America’s leading independent home health, hospice and personal care company, today announced that its Board of Directors has authorized a stock repurchase program, under which the Company may repurchase up to $100 million of its outstanding common stock through December 31, 2021.Scott Ginn, Chief Financial Officer, stated, “Given our strong cashflow and low leverage, we feel it is prudent to have authorization to buy-back shares throughout the course of the year, including shares granted under the Company’s Omnibus Incentive Plan as they vest in 2021. This will become a recurring part of our capital deployment strategy; however, our first priority is and will continue to be accretive acquisitions in both Home Health and Hospice.”Under the stock repurchase...

CoreCivic Announces the Sale of 42 Non-Core Government Leased Properties for $106.5 Million

Written by Customer Service on December 23, 2020. Posted in Public Companies.

BRENTWOOD, Tenn., Dec. 23, 2020 (GLOBE NEWSWIRE) — CoreCivic, Inc. (NYSE: CXW) (the “Company”) announced today that following an extensive and ongoing marketing process for the proposed sale of certain non-core real estate assets in its CoreCivic Properties segment, it closed on the sale of 42 of its non-core government leased properties to a third party for an aggregate purchase price of $106.5 million. The assets sold represented approximately 573,000 gross rentable square feet and are expected to generate approximate net proceeds of $27.0 million, following repayment of non-recourse mortgage notes associated with some of the properties and other transaction-related costs. Net cash proceeds will be utilized to repay borrowings under the Company’s revolving credit facility.“We are pleased with the positive market...

PropTech Acquisition Corp. and Porch.com Announce Closing of Business Combination

Written by Customer Service on December 23, 2020. Posted in Public Companies.

NEW YORK, Dec. 23, 2020 (GLOBE NEWSWIRE) — PropTech Acquisition Corporation (NASDAQ: PTAC) (“PropTech” or “PTAC”) and Porch.com, Inc. (“Porch” or “the Company”) jointly announced today that they have closed their previously announced business combination (the “Business Combination”).With the closing, the combined company has been renamed “Porch Group, Inc.” and its common stock and warrants will begin trading on The Nasdaq Stock Market (“Nasdaq”) under the ticker symbols “PRCH” and “PRCHW” on Thursday, December 24, 2020. To celebrate the closing, Porch Founder and CEO Matt Ehrlichman will ring the opening bell virtually on the Nasdaq Stock Exchange at 9:30 a.m. Eastern time on December 24th.“Today is a momentous day for our company, our employees and our shareholders,” said Porch Founder and CEO Matt Ehrlichman....

Day: December 23, 2020

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