Month: December 2020

GREENWICH, Conn., Dec. 02, 2020 (GLOBE NEWSWIRE) — XPO Logistics, Inc. (NYSE: XPO) (”XPO”) today announced that its board of directors has unanimously approved a plan to pursue a spin-off of 100% of its logistics segment as a separate publicly traded company. XPO intends to structure the spin-off as a transaction that is tax-free to XPO shareholders and would result in XPO shareholders owning stock in both companies.After a thorough examination of all strategic alternatives, the XPO board currently believes that the optimal path to unlock aggregate equity value is to create two independent companies that are each well-equipped to capitalize on secular growth trends in their sectors. If completed, the spin-off will result in separate businesses with clearly delineated service offerings: XPORemainCo, a global provider of less-than-truckload...

Hamilton, Bermuda – December 2, 2020 – Golar LNG Limited (the “Company”) (NASDAQ: GLNG) announced today that it intends to offer, issue and sell to the public 11,000,000 common shares, par value $1.00 per share (“Common Shares”), through an underwritten public offering (the “Offering”). The Company intends to use the net proceeds from the Offering to partially repay the Term Loan facility, to repay the Margin Loan Facility in full and to use any remaining funds for general corporate purposes, which may include, among other things, capital expenditures, repaying other indebtedness, funding working capital or investments.The Company also intends to grant the underwriters a 30-day option to purchase up to an additional 1,650,000 Common Shares.Citigroup, Clarksons Platou Securities and DNB Markets are acting as joint book-running managers...

REDWOOD CITY, Calif., Dec. 02, 2020 (GLOBE NEWSWIRE) — Codexis, Inc. (Nasdaq:CDXS), a leading protein engineering company, today announced that it has commenced an underwritten public offering of shares of its common stock. All of the shares to be sold in the offering will be offered by Codexis. In addition, Codexis intends to grant to the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock offered in the public offering, on the same terms and conditions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.Codexis intends to use the net proceeds from the offering to fund research and development activities and infrastructure, to accelerate development of...

Detroit, Dec. 02, 2020 (GLOBE NEWSWIRE) — DETROIT, Dec. 2, 2020 – The DTE Energy (NYSE: DTE) Board of Directors today announced that its 2021 Annual Meeting of Common Stock Shareholders will be Thursday, May 20.Shareholders of record at the close of business March 23, 2021 are eligible to vote at the meeting. Shareholders interested in proposing business from the floor or nominating a person for the position of director from the floor must give notice and certain information to the DTE Energy corporate secretary by the close of business on Jan. 7, 2021.About DTE EnergyDTE Energy (NYSE: DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.2 million customers in Southeast Michigan and...

NEW YORK, Dec. 02, 2020 (GLOBE NEWSWIRE) — Virtu Financial, Inc. (Nasdaq:VIRT), a leading provider of global, multi-asset, financial services and products across the complete investment cycle, announced today that Virtu CEO, Douglas A. Cifu will present at the Goldman Sachs U.S. Financial Services Conference on Wednesday, December 9, 2020 at 2:40 p.m. ET. The event will be available live and in replay via webcast on the investor relations section of Virtu’s website at http://ir.virtu.com/.About Virtu FinancialVirtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings...

Press releaseParis, 2 December 2020Orange to deploy the funds received following the recent tax dispute resolution to accelerate its development and commitments, while also proposing to benefit its employees and shareholdersFollowing the French Council of State’s (Conseil d’état) favourable decision on 13 November concerning a long-standing tax dispute, the Orange group confirms that it has received all of the 2.2 billion euros corresponding to sums paid in 2013, as well as the related rights and interest. As announced on 13 November, the Group’s priority is to allocate these funds in a fair and balanced manner between the company’s development, its employees and its shareholders, with an enhanced social commitment.In this respect, the Orange Board of Directors, which met on 2 December, took note of this decision and looked favourably...

Communiqué de presseParis, le 2 décembre 2020Orange utilisera les fonds perçus suite à un litige fiscal pour accélérer son développement et son engagement, tout en proposant d’associer ses salariés et ses actionnairesSuite à la décision favorable du Conseil d’Etat le 13 novembre dernier au sujet d’un ancien litige fiscal, le groupe Orange confirme avoir reçu l’intégralité des 2,2 milliards d’euros correspondant aux sommes payées en 2013, ainsi que les droits et intérêts associés. Comme annoncé dès le 13 novembre, la priorité du Groupe est de proposer une attribution juste et équilibrée de ces fonds au bénéfice du développement de l’entreprise, de ses salariés et de ses actionnaires, avec un engagement sociétal renforcé.Dans ce cadre, le Conseil d’administration d’Orange qui s’est réuni le 2 décembre, a pris acte de cette décision...

ABERDEEN, United Kingdom, Dec. 02, 2020 (GLOBE NEWSWIRE) — Altera Infrastructure GP L.L.C. (ALIN GP), the general partner of Altera Infrastructure L.P. (Altera Infrastructure or the Partnership), announced the following changes to its Board of Directors (the Board) all with immediate effect:Ingvild Sæther, President and CEO of Altera Infrastructure Group Ltd., and Benedicte Bakke Agerup have been appointed to the Board, increasing the size of the Board to ten directors.Ms Bakke Agerup will join the Audit and Conflicts committees.A new Executive Oversight Committee has been formed. This committee is chaired by Denis Turcotte with Bill Utt and Ingvild Sæther as members.“On behalf of the Board and leadership team, I want to welcome Ingvild and Benedicte to the Board. We look forward to leveraging their extensive industry experience...

SUGAR LAND, Texas, Dec. 02, 2020 (GLOBE NEWSWIRE) — Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced the Company’s participation in the following investor conference:A live audio webcast of the presentation will be available on the investor relations section of the company’s website at investors.ao-inc.com.About Applied Optoelectronics:Applied Optoelectronics Inc. (AOI) is a leading developer and manufacturer of advanced optical products, including components, modules and equipment. AOI’s products are the building blocks for broadband fiber access networks around the world, where they are used in the internet datacenter, CATV broadband, telecom and FTTH markets....

Sunrise, Florida, Dec. 02, 2020 (GLOBE NEWSWIRE) — Nano Dimension Ltd. (Nasdaq: NNDM), a leading Additively Manufactured Electronics (AME)/PE (Printed Electronics) provider, today announced it has closed the previously announced registered direct offering of 11,960,160 of the Company’s American Depositary Shares (“ADSs”) at a price of $5.00 per ADS. The gross proceeds of the offering were approximately $60 million, before deducting placement agent fees and other offering expenses. The Company intends to use the net proceeds for working capital, other general corporate purposes, and pursuing strategic opportunities, including possible business combination transactions.ThinkEquity, a division of Fordham Financial Management, Inc., acted as sole placement agent for the offering.This offering was made pursuant to an effective shelf...