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Month: December 2020

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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Sirios Completes Second and Final Tranche of its Private Placement for Additional Gross Proceeds of $2 Million

Not for distribution to United States newswire services or for dissemination in the United StatesMONTREAL, Dec. 16, 2020 (GLOBE NEWSWIRE) — SIRIOS INC. RESOURCES (TSX-V: SOI) (the “Corporation“) is pleased to announce the completion of the second and final tranche of its previously announced non-brokered private placement, for additional gross proceeds of $2,045,200 (the “Offering”). The aggregate gross proceeds of the offering, including proceeds from the first tranche, previously closed on December 11, 2020, are $3,430,590. In connection with this Offering, the Corporation issued (i) 7,395,556 additional Quebec flow-through units of the Corporation (the “Quebec FT Units”) at a price of $0.18 per Quebec FT Unit, for an amount of $1,331,200, and (ii) 4,200,000 additional national flow-through units of the Corporation (the “National...

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Sirios complète la seconde et dernière tranche de son placement privé pour un produit additionnel de 2 millions de dollars

Le présent communiqué ne doit pas être distribué aux agences de diffusion de communiqués de presse des États-Unis ni diffusé aux États-Unis                                                           MONTRÉAL, 16 déc. 2020 (GLOBE NEWSWIRE) — RESSOURCES SIRIOS INC. (TSX-V: SOI) (la « Société ») annonce aujourd’hui la clôture de la deuxième et dernière tranche de son placement privé sans l’entremise d’un courtier annoncé précédemment, pour un montant additionnel de 2 045 200 $ (le « Placement »). Le produit brut total du placement, incluant le produit de la première tranche précédemment clôturée le 11 décembre 2020, est de 3 430 590 $. Le Placement consiste en l’émission de (i) 7 395 556 unités accréditives du Québec additionnelles (les « Unités accréditives du Québec ») au prix de 0,18 $ par Unité accréditive du Québec pour un montant...

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