Day: January 25, 2021

Kathy Curtis Joins Capital Bank Board of Directors

Written by Customer Service on January 25, 2021. Posted in Public Companies.

ROCKVILLE, Md., Jan. 25, 2021 (GLOBE NEWSWIRE) — Capital Bank, N.A. Today, Capital Bank is pleased to announce that Kathy Curtis is joining the Capital Bank Board of Directors.Curtis oversaw the development of audit and compliance functions for Capital Bank during a period of extraordinary asset growth and increased regulation. In 2020, Curtis retired from the Bank in her role as Chief Risk/Compliance Officer. Curtis will now rejoin Capital Bank as a member of the Capital Bank Board of Directors.Over her 18 years working with Capital Bank, Curtis was charged with ensuring regulatory compliance and measuring essential operating risks. Her deep expertise in both compliance and risk management, and longstanding relationships with regulators, made her a unique asset to the Bank, as she was both nimble and responsive to an ever-changing...

TFI International fera l’acquisition du transporteur de lots brisés UPS Freight dont les revenus s’élèvent à 3 G$ US dans le cadre d’une transaction établissant la valeur de l’entreprise à environ 800 M$ US

Written by Customer Service on January 25, 2021. Posted in Mergers And Acquisitions.

– Les réseaux combinés de transport de lots brisés aux États-Unis et au Canada devraient fournir la couverture la plus étendue en Amérique du Nord, accélérant ainsi les possibilités de croissance industrielle et de commerce électronique –– TFI s’attend à ce que la transaction ait un effet non dilutif sur le bénéfice par action (BPA) dilué en 2021 –– La transaction devrait être conclue au deuxième trimestre 2021 –MONTRÉAL, 25 janv. 2021 (GLOBE NEWSWIRE) — TFI International Inc. (NYSE et TSX: TFII), un chef de file nord-américain du secteur du transport et de la logistique, a annoncé aujourd’hui la signature d’un accord définitif en vue d’acquérir UPS Freight, les divisions de transport de lots brisés et de lots complets dédiés de United Parcel Service, Inc. (NYSE : UPS), pour...

TFI International to Acquire US$3 Billion Revenue LTL Carrier UPS Freight in Approximately US$800 Million Enterprise Value Transaction

Written by Customer Service on January 25, 2021. Posted in Mergers And Acquisitions.

– Combined LTL networks in the United States and Canada projected to provide most extensive North American coverage, accelerating industrial and e-commerce growth opportunities –– TFI expects the transaction to be accretive to diluted EPS in 2021 –– Transaction expected to close in the second quarter of 2021 –MONTREAL, Jan. 25, 2021 (GLOBE NEWSWIRE) — TFI International Inc. (NYSE and TSX: TFII), a North American leader in the transportation and logistics industry, today announced that it has signed a definitive agreement to acquire UPS Freight, the less-than-truckload (LTL) and dedicated truckload (TL) divisions of United Parcel Service, Inc. (NYSE: UPS), for US$800 million on a cash-free, debt-free basis before working capital and other adjustments. Approximately 90% of the acquired business will operate independently within TFI...

Post Holdings and Conagra Brands Announce Completion of Acquisition of Peter Pan® Peanut Butter Brand by Post Holdings

Written by Customer Service on January 25, 2021. Posted in Mergers And Acquisitions.

ST. LOUIS, Jan. 25, 2021 (GLOBE NEWSWIRE) — Post Holdings, Inc. (NYSE:POST) (“Post”) and Conagra Brands, Inc. (NYSE:CAG) (“Conagra”) today announced that Post has completed the previously announced acquisition of the Peter Pan® peanut butter brand from Conagra, effective today.About Post Holdings, Inc.Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company operating in the center-of-the-store, refrigerated, foodservice, food ingredient and convenient nutrition food categories. Its businesses include Post Consumer Brands, Weetabix, Michael Foods, Bob Evans Farms and BellRing Brands. Post Consumer Brands is a leader in the North American ready-to-eat cereal category and also markets Peter Pan® peanut butter. Weetabix is home to the United Kingdom’s number one selling ready-to-eat cereal...

MGP Ingredients, Inc. Announces Definitive Merger Agreement with Luxco

Written by Customer Service on January 25, 2021. Posted in Mergers And Acquisitions.

Consistent with MGP’s strategy of shifting into higher value-added productsLuxco represents a unique and attractive national spirits platformMaterially increases MGP’s scale in the branded-spirits sector and establishes an additional platform for future growthFinancially attractive and significantly diversifies the MGP businessATCHISON, Kan., Jan. 25, 2021 (GLOBE NEWSWIRE) — MGP Ingredients, Inc. (Nasdaq:MGPI), a leading supplier of premium distilled spirits and specialty wheat proteins and starches, today announced a definitive agreement to acquire Luxco, Inc., and its affiliated companies (“Luxco”). Luxco is a leading branded beverage alcohol company across various categories, with a more than 60-year business heritage. For the unaudited twelve month period ended October 31, 2020, Luxco generated approximate net revenues of $202...

Esports Entertainment Group Finalizes Binding Agreement to Acquire Helix eSports and ggCircuit

Written by Customer Service on January 25, 2021. Posted in Mergers And Acquisitions.

NEWARK, N.J., Jan. 25, 2021 (GLOBE NEWSWIRE) — Esports Entertainment Group, Inc. (NasdaqCM: GMBL, GMBLW) (or the “Company”), an esports entertainment and online gambling operator, today announced it has finalized the binding agreement for its previously announced Helix eSports and ggCircuit acquisition. Under the terms of the agreement, the $43 mil transaction will be split 50% cash and 50% GMBL shares, priced upon the closing of the transaction. The transaction is expected to close in 2Q21.“With the acquisition of Helix and ggCircuit, we have created the most diversified, US-listed esports entertainment asset in the entire ecosystem,” stated Grant Johnson, CEO of Esports Entertainment Group. “These acquisitions significantly strengthen our Play, Watch, Bet Strategy, adding state-of-the-art esports entertainment centers, an esports-focused...

Republic First Bancorp, Inc. Reports Fourth Quarter Financial Results Deposits Grow 34% and Earnings Continue to Improve as Momentum Builds

Written by Customer Service on January 25, 2021. Posted in Earnings Releases And Operating Results.

PHILADELPHIA, Jan. 25, 2021 (GLOBE NEWSWIRE) — Republic First Bancorp, Inc. (NASDAQ: FRBK), the holding company for Republic Bank, today announced its financial results for the period ended December 31, 2020.Q4-2020 Financial HighlightsNet income was $4.1 million, or $0.05 per share, during the fourth quarter of 2020 compared to a net loss of $2.5 million, or ($0.04) per share, during the fourth quarter of 2019. This represents an increase of 265% when comparing the two quarters. Core earnings improved for the fourth consecutive quarter as positive momentum continues to build.Net income for the year ended December 31, 2020 was $5.1 million, or $0.07 per share, compared to a net loss of $3.5 million, or $(0.06) per share, for the year ended December 31, 2019 representing improvement of 244% year over year.Results for the twelve month...

HC2 Holdings Announces Launch of $300 Million Senior Secured Notes Offering and Concurrent Convertible Notes Exchange

Written by Customer Service on January 25, 2021. Posted in Public Companies.

NEW YORK, Jan. 25, 2021 (GLOBE NEWSWIRE) — HC2 Holdings, Inc. (“HC2” or the “Company”) (NYSE: HCHC), a diversified holding company, announced today its intention to offer $300 million aggregate principal amount of senior secured notes due 2026 (the “Notes”) in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), subject to market and other conditions. The Notes will be senior secured obligations of the Company and will be guaranteed by certain of the Company’s domestic subsidiaries.Concurrently with the offering of the Notes, the Company intends to enter into exchange agreements with certain holders of its outstanding 7.5% convertible senior notes due June 1, 2022 (the “Existing Convertible Notes”) pursuant to which the Company plans to exchange...

The SolarWinds Hack and How Leonovus Helps Enterprises Protect Their Data From Similar Cyber-Attacks in the Future – A Whitepaper

Written by Customer Service on January 25, 2021. Posted in Public Companies.

OTTAWA, Jan. 25, 2021 (GLOBE NEWSWIRE) — Leonovus Inc., (“Leonovus”) (TSXV: LTV) today published a whitepaper on how its secure and smart data management technology provides part of the solution to protect enterprises from cyber attacks like the SolarWinds hack.In December 2020, the USA, UK, and Canadian governments all warned the public of an active Advanced Persistent Threat, which became known as the SolarWinds Hack. As of December 2020, SolarWinds had 300,000 customers, including virtually all the Fortune 500 and many government agencies. According to public filings, the attack affected 18,000 customers directly.“Leonovus’ end-to-end data-centric security and smart data management solution for data lakes could have significantly reduced the damage caused by the SolarWinds Hack,” said Michael Gaffney, Chair & CEO, Leonovus...

ISW Holdings Announces Full Completion of Audit, Set to File Form 10 This Week

Written by Customer Service on January 25, 2021. Posted in Public Companies.

LAS VEGAS, NV, Jan. 25, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — ISW Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, is pleased to update current and prospective shareholders on the timeline for filing Form 10 and returning to fully reporting status.Management notes that the audit process has been completed. Final details were being completed as of the middle of last week and all final documentation will be packaged and in the hands of management early this week. At that time, the Company’s Form 10 Registration Statement will be filed with the Securities and Exchange Commission (the “SEC”).“The audit is finished and Form 10 should be filed this week,” noted Alonzo Pierce, President and Chairman of ISW Holdings. “This is a very strong positive step for the Company,...

Day: January 25, 2021

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