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Month: April 2021

Webster + Sterling: Creating Scale, Unlocking Growth and Value

Uniting strong banks with complementary strategies to create a powerhouse Northeast player with $63 billion in assets and $52 billion in deposits Unlocking compelling revenue growth opportunities in commercial lending, health savings, fee-based businesses and consumer and digital banking Delivering exceptional financial performance and accretion: 17% pro forma ROATCE, 1.40% pro forma ROAA, >20% GAAP EPS accretion to Webster, >10% GAAP EPS accretion to Sterling, and $440M in annual pro forma excess capital generation Maintaining shared values and commitments to customers, communities, shareholders and employeesWATERBURY, Conn. and PEARL RIVER, New York, April 19, 2021 (GLOBE NEWSWIRE) — Webster Financial Corporation (NYSE: WBS) (“Webster”) and Sterling Bancorp (NYSE: STL) (“Sterling”) jointly announced today...

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Orocobre and Galaxy agree to a proposed A$4B merger of equals, establishing a new force in the global lithium sector

Merger creates the 5thlargest global lithium chemicals company with a diversified production base and exciting growth platform, with potential to unlock significant synergies and realise value to be shared by all shareholders. BRISBANE, Australia, April 19, 2021 (GLOBE NEWSWIRE) — Orocobre Limited (ASX:ORE, TSX:ORL) (Orocobre) and Galaxy Resources Limited (ASX:GXY) (Galaxy) are pleased to announce that they have entered into a binding Merger Implementation Deed (MID) under which the two companies will merge via a Galaxy Scheme of Arrangement (Scheme) pursuant to which Orocobre will acquire 100% of the shares in Galaxy. Galaxy shareholders will receive 0.569 Orocobre shares for each Galaxy share held at the Scheme record date. Upon implementation of the Scheme, Orocobre shareholders will own 54.2% of the fully diluted share capital...

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Jushi Holdings Inc. to Expand Footprint Through Acquisition of Vertically Integrated Massachusetts Operator

Acquisition to Include Two Retail Dispensaries and a Cultivation and Product Manufacturing Facility Jushi to Enter Its Seventh State and Expand Retail Footprint to 19 Dispensaries Nationwide BOCA RATON, Fla., April 19, 2021 (GLOBE NEWSWIRE) — Jushi Holdings Inc. (“Jushi” or the “Company”) (CSE: JUSH) (OTCMKTS: JUSHF), a vertically integrated, multi-state cannabis operator announced that it has reached a definitive binding agreement (the “Agreement”) to acquire Nature’s Remedy of Massachusetts, Inc. and certain of its affiliates (collectively, “Nature’s Remedy”), a vertically-integrated single state operator in Massachusetts, for total consideration of up to US$110 million (the “Acquisition”). Nature’s Remedy currently operates two retail dispensaries, in Millbury, MA and Tyngsborough, MA, and a 50,000 sq. ft. cultivation and production...

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Leading BioSciences Provides Update to Seneca Biopharma, Inc. Stockholders on Merger Closing Process Following Virtual Special Meeting on April 23, 2021 and Upcoming Milestones Following Planned Close of Merger

Video message details merger closing process following completion of the April 23 virtual Special Meeting as well as next planned milestones for the merged company to be renamed Palisade Bio As of April 19, 2021, based on voting indications, Proposal 1 is expected to be approved at the Special Meeting completing the transaction. CARLSBAD, Calif., April 19, 2021 (GLOBE NEWSWIRE) — Leading BioSciences, Inc. (“LBS”), a late-stage biopharma company advancing therapies for acute and chronic gastrointestinal complications, today released a video message from its CEO, Dr. Tom Hallam updating stockholders in Seneca Biopharma, Inc. (Nasdaq: SNCA) (“Seneca”) on what to expect in the days following a positive vote to approve Proposal #1, the reverse stock split (the “Reverse Split Proposal”). Seneca recently adjourned the virtual Special Meeting...

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Herman Miller and Knoll to Combine, Creating the Preeminent Leader in Modern Design, Catalyzing the Transformation of the Home and Office

Brings Together Complementary Portfolios of Exceptional Brands for Commercial and Residential Settings Enhances Scale and Capabilities to Drive Growth and Profitability Accelerates Digital Transformation Drives Strong Financial Benefits Including $100 Million in Expected Run-Rate Cost Synergies Within Two Years of Closing Supported by Shared Culture and Commitment to Design, Innovation, Operational Excellence and Sustainability Companies to Host Conference Call and Webcast at 8:30 a.m. ET Today ZEELAND, Mich. and EAST GREENVILLE, Pa., April 19, 2021 (GLOBE NEWSWIRE) — Herman Miller, Inc. (NASDAQ: MLHR) and Knoll Inc. (NYSE: KNL) today announced that they have entered into a definitive agreement under which Herman Miller will acquire Knoll in a cash and stock transaction valued at $1.8 billion. The transaction, which has been unanimously...

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Hillman Acquires OZCO Building Products

CINCINNATI, April 19, 2021 (GLOBE NEWSWIRE) — The Hillman Companies, Inc. (NYSE-AMEX: HLM.PR) (the “Company” or “Hillman”), a leader in the hardware and home improvement industry, announced today that it has acquired OZCO Building Products (“OZCO”). With annual net revenue of approximately $18 million, OZCO is a leading manufacturer of superior quality outdoor hardware in the U.S. and Canada. It is best known for originating the Ornamental Wood Ties hardware category. OZCO offers structural fasteners and connectors across 14 product lines for use in decks, benches, fences, gates, gardens, pergolas, planters, posts and other general construction needs. With over 200 SKU’s and 23 U.S. patents, OZCO serves retail DIY customers and building professionals through a distribution network reaching over 1,000 stores and hundreds of independent...

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Radisson Hotel Group debuts its fourth brand in Dubai with the opening of Radisson Hotel Dubai DAMAC Hills

Radisson Hotel Group debuts its fourth brand in Dubai Radisson Hotel Group is proud to announce the debut of its fourth brand in the United Arab Emirates, the upscale Radisson, with the opening of Radisson Hotel Dubai DAMAC Hills. This latest addition brings the group’s presence to 14 hotels in the United Arab Emirates and 77 hotels, resorts and serviced apartments in operation and under development across the Middle East. Located in a newly-developed, family-friendly neighborhood, the Radisson Hotel Dubai DAMAC Hills is a perfect home base for both business and leisure travelers alike. The hotel is conveniently situated close to a range of activities and attractions including the nearby IMG Worlds of Adventure, Global Village and Dubai Autodrome. An ideal location for golfers, Radisson Hotel Dubai DAMAC Hills is in close proximity to...

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ChampionX Announces Investment in QLM Technology Ltd

THE WOODLANDS, Texas, April 19, 2021 (GLOBE NEWSWIRE) — ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today the completion of an investment in QLM Technology Ltd, which has developed a revolutionary quantum gas camera with a unique ability to detect, visualize and quantify emissions of methane, helping organizations to achieve net zero through mitigation of emission sources. “This investment in QLM is consistent with our strategic priority of evaluating opportunities to leverage our core capabilities across the energy market and natural adjacencies to evolve our portfolio for sustained growth through the energy transition,” said Sivasankaran “Soma” Somasundaram, President and Chief Executive Officer of ChampionX. “We are excited to have ChampionX involved in this funding round as the depth and breadth...

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GameSquare Esports Congratulates the REC.LGD Team for Winning the CrossFire Grand Final in China

TORONTO, April 19, 2021 (GLOBE NEWSWIRE) — GameSquare Esports Inc. (CSE: GSQ; FRA: 29Q1) (“GameSquare”, “GameSquare Esports” or the “Company”), an international gaming and esports company, congratulates the REC.LGD team for outstanding results at the CrossFire Mobile League (“CFML”) and the CrossFire Pro League (“CFPL”) Grand Final held in China. The team won its second consecutive season in the CFML, overcoming eStar Gaming in an exciting league final and the CFPL team placed second in their grand final against All Gamers. The team has shown steady progress throughout the season and receives prize money of 1,750,000 RMB for their efforts in the grand final matches and throughout the CrossFire seasons. CrossFire is one of the biggest games globally with a lifetime total of 1 billion users in 80 countries worldwide. “I am thrilled...

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TELUS congratulates the Honourable John P. Manley, P.C., O.C. on Institute of Corporate Directors Fellowship Award

VANCOUVER, British Columbia, April 19, 2021 (GLOBE NEWSWIRE) — TELUS proudly congratulates one of the longest-serving members of its Board of Directors, the Honourable John P. Manley, P.C., O.C., for receiving a 2021 Institute of Corporate Directors (ICD) Fellowship Award. The ICD Fellowship Award recognizes excellence by corporate directors in Canada and honours individuals who have made outstanding contributions to Canadian enterprises and not-for-profit organizations through their governance leadership in the boardroom. “On behalf of the TELUS team and our Board of Directors, I extend my enthusiastic congratulations to John on this well-deserved recognition,” said Darren Entwistle, President and CEO, TELUS. “As a member of our Board, John has demonstrated exceptional professionalism, guidance and integrity, contributing to TELUS’...

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