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Day: March 24, 2021

II-VI Incorporated Maintains its Current Proposal for Coherent

PITTSBURGH, March 24, 2021 (GLOBE NEWSWIRE) — II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced that it has notified Coherent, Inc.’s (Nasdaq: COHR) Board of Directors that II-VI is maintaining its current proposal to acquire Coherent, which will expire at Noon Pacific Time on Thursday, March 25, 2021. II-VI believes its proposal would create significant value for the shareholders of both companies and remains superior to Lumentum’s latest proposal. Under the terms of the II-VI proposal, Coherent’s shareholders would receive $220.00 in cash and 0.91 of a share of II-VI common stock for each Coherent share, which implies a total per share value of $287.18 based on the 10-day volume weighted average price (VWAP) of II-VI common stock for the period ending March...

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Worthington Industries Increases Quarterly Dividend; Authorizes Share Repurchase

COLUMBUS, Ohio, March 24, 2021 (GLOBE NEWSWIRE) — The board of directors of Worthington Industries, Inc. (NYSE: WOR) has declared a quarterly dividend of $0.28 per share, an increase of $0.03 per share from the prior quarter. The dividend is payable on June 29, 2021, to shareholders of record June 15, 2021. Worthington has paid a quarterly dividend since it became a public company in 1968 and this marks the 11th consecutive year the Company has increased its dividend. In addition, the board of directors authorized the repurchase of up to an additional 5,618,464 of the Company’s common shares, increasing the total number of common shares available for repurchase to 10,000,000. About Worthington IndustriesWorthington Industries (NYSE:WOR) is a leading industrial manufacturing company delivering innovative solutions to customers...

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Nuvei Announces Closing of US$552 Million Bought Deal Secondary Offering

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, March 24, 2021 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) (TSX: NVEI and NVEI.U), the global payment technology partner of thriving brands, has announced today the closing of the previously announced secondary offering on a bought deal basis by funds managed by Novacap Management Inc., Whiskey Papa Fox Inc., a holding company controlled by Philip Fayer, our Chair and Chief Executive Officer, CDP Investissements Inc., a wholly-owned subsidiary of Caisse de dépôt et placement du Québec, and David Schwartz, our Chief Financial Officer (together the “Selling Shareholders”), of an aggregate of 9,169,387 subordinate voting shares of the Company at a purchase price of US$60.22 per subordinate voting share for total gross...

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Nuvei annonce la clôture de son placement secondaire par voie de prise ferme de 552 M$ US

LE PRÉSENT COMMUNIQUÉ NE DOIT PAS ÊTRE DIFFUSÉ AUX ÉTATS-UNIS NI À DES AGENCES DE PRESSE AMÉRICAINES MONTRÉAL, 24 mars 2021 (GLOBE NEWSWIRE) — Corporation Nuvei (« Nuvei » ou la « Société ») (TSX : NVEI et NVEI.U), partenaire technologique mondial de paiement des marques prospères, a annoncé aujourd’hui la clôture de son placement secondaire par voie de prise ferme annoncé précédemment par les fonds gérés par Novacap Management Inc., Whiskey Papa Fox Inc., une société de portefeuille contrôlée par Philip Fayer, notre président du conseil et chef de la direction, CDP Investissements Inc., une filiale en propriété exclusive de la Caisse de dépôt et placement du Québec et David Schwartz, notre chef de la direction des finances (collectivement, les « Actionnaires vendeurs ») d’un total de 9 169 387 actions à droit de vote subordonné...

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21Vianet Announces Signing of Definitive Agreement to Repurchase Approximately US$260 million of Class B Ordinary Shares from Tuspark

BEIJING, March 24, 2021 (GLOBE NEWSWIRE) — 21Vianet Group, Inc. (Nasdaq: VNET) (“21Vianet” or the “Company”), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced that it has entered into a share purchase agreement with Tuspark Innovation Venture Limited (“Tuspark”), pursuant to which 21Vianet will purchase from Tuspark 48,634,493 Class B ordinary shares of the Company for an aggregate purchase price of approximately US$260 million. The repurchase price will be at US$5.346 per ordinary share, or US$32.076 per American depository share (“ADS”), which is the product of (i) the daily volume weighted average price of the ADSs for the consecutive thirty (30) trading days ended on March 22, 2021, multiplied by (ii) 88%. Mr. Josh Chen, Founder and Executive Chairman of the Company, commented,...

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SANUWAVE Health Secures Customer Medical Device Financing

A CIT Facility Helps Expand the Market for SANUWAVE’s Products SUWANEE, GA, March 24, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — SANUWAVE Health, Inc. (OTCQB: SNWV), focused on the development and commercialization of a robust and innovative advanced wound care product portfolio for the repair and regeneration of skin and vascular structures, announced today that it has secured customer medical device financing from CIT Business Capital.   “The new partnership with CIT is a great step in bringing our ENERGY FIRST platform to our customers and ultimately the patients that will benefit from our novel treatment of wounds. CIT gives our customers customizable affordable options to finance our technology to fit the needs of individual practices and institutions. For SANUWAVE the partnership enables us to grow the market and recognize...

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Medigus: ScoutCam Announced Private Placement of $20 Million from Institutional Investors

OMER, Israel, March 24, 2021 (GLOBE NEWSWIRE) —  Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions and innovative internet technologies, announced today that ScoutCam Inc (OTCQB:SCTC), Medigus’ subsidiary and a leading developer and manufacturer of customized micro visual solutions and supplementary technologies, announced a private placement of $20,000,000 from first tier Israeli institutional investors. The closing of the private placement is expected to occur by March 31, 2021. In connection with the private placement, the board of directors of ScoutCam’ resolved to take steps to promote the uplisting to the Nasdaq Stock Market. Net proceeds of the offering will be used by ScoutCam to further advance its innovative products and technology in the medical device sector and into the fields...

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Fulcrum Therapeutics Appoints Judith A. Dunn, Ph.D. as President of Research and Development

CAMBRIDGE, Mass., March 24, 2021 (GLOBE NEWSWIRE) — Fulcrum Therapeutics, Inc. (Nasdaq: FULC), a clinical-stage biopharmaceutical company focused on improving the lives of patients with genetically defined rare diseases, today announced that Judith A. Dunn, Ph.D. has been appointed President of Research and Development. Dr. Dunn has held multiple leadership roles in global research and drug development spanning from discovery through commercialization. Most recently, she supported the development of new companies targeting areas of unmet need in neuroscience as an Entrepreneur in Residence at Atlas Venture. “We are honored to have Dr. Dunn join Fulcrum to expand our R&D leadership team, particularly as we move toward significant advancements with our losmapimod and FTX-6058 development programs,” said Bryan E. Stuart, Fulcrum’s...

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Gold’n Futures appoints veteran mining executive Mr. Stephen Wilkinson as Chief Executive Officer and strengthens its Board of Directors with the addition of Walter Hanych, P. Geo.

TORONTO, March 24, 2021 (GLOBE NEWSWIRE) — GOLD’N FUTURES MINERAL CORP. (CSE: FUTR) (FSE: G6M), (OTC: GFTRF) (the “Company” or “Gold’n Futures”), is pleased to announce that it has appointed Mr. Stephen Wilkinson as Chief Executive Officer.  Theo Van Der Linde has resigned from his position as Interim CEO and the Company thanks him for his contribution to the Company and wishes him the best in his future endeavours. Mr. Wilkinson M.Sc. (Geology), B.Sc. (Geology), MBA, is a senior mining executive with more than 40 years of related experience, having acted as president of numerous resource companies and Flow Through Investment Funds, corporate director, research analyst, and business consultant.   Mr. Wilkinson previously was President and Chief Executive Officer of both Blue Star Gold Corp. and Falcon Gold Corp. and currently...

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Emera Announces Offering of $200 Million of Preferred Shares

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. This news release constitutes a “designated news release” for the purposes of Emera’s prospectus supplement dated July 11, 2019 (as amended on November 17, 2020 by amendment no. 1 thereto) to its short form base shelf prospectus dated June 14, 2019 HALIFAX, Nova Scotia, March 24, 2021 (GLOBE NEWSWIRE) — Emera Incorporated (“Emera”) (TSX:EMA) announced today that it will issue 8,000,000 Cumulative Minimum Rate Reset First Preferred Shares, Series J (the “Series J Preferred Shares”) at a price of $25.00 per share and at an initial annual dividend rate of 4.25 per cent, for aggregate gross proceeds of $200 million on a bought deal basis to a syndicate of underwriters in Canada led by Scotiabank and RBC Capital Markets. Emera has granted to the...

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