Day: August 3, 2021

SmileDirectClub Statement on Manufacturing Facility Incident

Written by Customer Service on August 3, 2021. Posted in Public Companies.

NASHVILLE, Tenn., Aug. 03, 2021 (GLOBE NEWSWIRE) — Following a shooting incident this morning at SmileDirectClub’s Antioch, Tenn. manufacturing facility in which an active Team Member entered the facility, shot two security guards and another Team Member, and was later apprehended by Metro Nashville Police, SmileDirectClub makes the following statement: “SmileDirectClub is shocked and deeply saddened by the tragic incident that took place at our manufacturing facility this morning. We are grateful for the swift actions taken by our Team Members, security personnel and Metro Nashville Police in responding to, and quickly containing, the situation. We would also like to thank our corporate partners, the local community and local legislators for their outpouring of support. As we continue to gather facts and assist police with their...

Apollo Funds to Acquire U.S.-Based Telecom Platform from Lumen Technologies

Written by Customer Service on August 3, 2021. Posted in Mergers And Acquisitions.

Transaction to accelerate fiber build to millions of American homes and businesses NewCo platform to be led by former Verizon Fios Executive Team NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) — Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) and Lumen Technologies, Inc. (NYSE: LUMN) (“Lumen”), today announced that funds managed by affiliates of Apollo (the “Apollo Funds”) have entered into a definitive agreement to acquire Lumen’s ILEC assets and all associated operations across 20 states (“NewCo”) for $7.5 billion. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in 2022. Today, the NewCo platform serves more than 6 million homes and businesses across the Midwest and Southeast regions of the United States. As a standalone...

Innospec Reports Second Quarter 2021 Financial Results

Written by Customer Service on August 3, 2021. Posted in Public Companies.

Performance Chemicals had record quarterly sales with operating income up 47 percent Strong sequential sales and operating income improvement in Fuel Specialties and Oilfield Services GAAP EPS 90 cents and adjusted non-GAAP EPS of $1.30; both benefited by 16 cents from AvGas order phasing Healthy liquidity position and balance sheet flexibility maintained ENGLEWOOD, Colo., Aug. 03, 2021 (GLOBE NEWSWIRE) — Innospec Inc. (NASDAQ: IOSP) today announced its financial results for the second quarter ended June 30, 2021. Total revenues for the second quarter were $354.5 million, an increase of 45 percent from $244.9 million in the corresponding period last year. Net income for the quarter was $22.4 million or 90 cents per share compared to a loss of $39.7 million or $1.62 per share, recorded a year ago. EBITDA for the quarter was $50.6...

Stantec signs letter of intent to acquire US-based Paleo Solutions, deepening archaeology and paleontology expertise

Written by Customer Service on August 3, 2021. Posted in Public Companies.

EDMONTON, Alberta and NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) — TSX, NYSE: STN Global engineering and design firm Stantec has signed a letter of intent (set to close in Q4) to acquire Paleo Solutions, a full-service natural resources and cultural resources management consulting firm. Paleo Solutions provides paleontological and archaeological services for the rail, transportation, water, and power and energy sectors across the western United States. The financial terms of the transaction were not disclosed. Founded in 2004, Paleo Solutions’ 65+ person team includes paleontologists, geologists, archaeologists, architectural historians, program managers, and GIS specialists. The acquisition of Paleo Solutions, which has established a strong presence in supporting renewable energy, electrical generation, and transmission projects,...

TCG BDC, Inc. Announces Second Quarter 2021 Financial Results and Declares Third Quarter 2021 Base Dividend of $0.32 Per Common Share and Supplemental Dividend of $0.06 per Common Share

Written by Customer Service on August 3, 2021. Posted in Public Companies.

NEW YORK, Aug. 03, 2021 (GLOBE NEWSWIRE) — TCG BDC, Inc. (together with its consolidated subsidiaries, “we,” “us,” “our,” “TCG BDC” or the “Company”) (NASDAQ: CGBD) today announced its financial results for its second quarter ended June 30, 2021. Linda Pace, TCG BDC’s Chief Executive Officer said, “Our second quarter results again demonstrate the continued strong performance of our portfolio through the COVID cycle. In today’s robust transaction environment there are ample attractive investments, while fundamental credit performance in the existing portfolio is strong We are pleased with both our income generation and credit positioning, and confident in our ability to deliver against our objective of sustainable income generation.” Selected Financial Highlights(dollar amounts in thousands, except per share data) June...

Qualis Innovations Inc. Announces the Appointment of Skip Thurman as Sr. Vice President, Corporate and IR Communications of mPathix Health Inc.

Written by Customer Service on August 3, 2021. Posted in Public Companies.

Chadds Ford, PA, Aug. 03, 2021 (GLOBE NEWSWIRE) — mPathix Health Inc., a wholly owned subsidiary of Qualis Innovations Inc., (OTC: QLIS), a pain solutions company focused on developing and commercializing differentiated products that address the unmet needs of patients and clinicians, announced today that James “Skip” Thurman joined mPathix as Sr. Vice President Corporate and IR Communications. “Skip is a veteran communicator with a background in journalism as well as leadership roles for Fortune 200 companies,” said Demir Bingol, Chief Executive Officer of mPathix Health Inc. “His wealth of experience in the healthcare space is a true asset for mPathix as we enter into a period of growth and expansion.” About Skip Thurman Skip Thurman leads senior communications roles for Fortune 200 companies and most recently served as Vice...

CVG Reports Second Quarter 2021 Results

Written by Customer Service on August 3, 2021. Posted in Public Companies.

Quarterly Sales of $257.9 million, EPS $0.16, Adjusted EPS $0.33 Estimated $129 million of Net New Annualized Business Secured Year to Date NEW ALBANY, Ohio, Aug. 03, 2021 (GLOBE NEWSWIRE) — CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its second quarter ended June 30, 2021. Second Quarter 2021 Highlights (Compared with prior-year period, where comparisons are noted)Revenue of $257.9 million, up 103.3% and up sequentially 5.2% from the record Q1 2021 revenue. The increase year over year is primarily driven by a very weak Covid impacted Q2 2020 comparable, new business wins in Warehouse Automation and demand growth in North American OEM truck. Operating Income of $16.3 million, up $26.8 million primarily due to a very weak Covid-impacted Q2 2020 comparable and...

NEP Launches New Virtual Production Business Segment, Acquires Prysm Collective, Lux Machina and Halon Entertainment to Accelerate Market Footprint

Written by Customer Service on August 3, 2021. Posted in Mergers And Acquisitions.

NEP launches new business segment with the acquisition of three industry-leading companies in real-time virtual production for film and TV: Prsym Collective, Lux Machina, and Halon Entertainment.PITTSBURGH, Aug. 03, 2021 (GLOBE NEWSWIRE) — NEP Group today announced the launch of a new virtual production business segment, to be called NEP Virtual Studios, bringing on board industry leaders in real-time production with the acquisition of Prysm Collective, Lux Machina and Halon Entertainment. As part of this new venture, NEP welcomes a group of experts and world-class talent, including entertainment industry veteran Cliff Plumer to lead this new segment, Jeff Ruggels as SVP of Finance and Operations, Phil Galler and Zach Alexander as co-Presidents of the Lux Machina NEP Business Unit, and Daniel Gregoire and Chris...

Option Care Health Announces Secondary Offering of 15,000,000 Shares of Common Stock

Written by Customer Service on August 3, 2021. Posted in Public Companies.

BANNOCKBURN, Ill., Aug. 03, 2021 (GLOBE NEWSWIRE) — Option Care Health, Inc. (“Option Care Health” or the “Company”) (NASDAQ: OPCH) announced today that an affiliate of Madison Dearborn Partners (the “Selling Stockholder”) has agreed to sell 15,000,000 shares of the Company’s common stock in an underwritten public offering. The Selling Stockholder has also granted the underwriter a 30-day option to purchase up to 2,250,000 additional shares of common stock. The Company will not receive any proceeds from the offering. This sale of shares represents approximately 8.3% of the current shares outstanding (or9.6% assuming full exercise of the underwriter’s option to purchase additional shares). Upon completion of this offering, the Selling Stockholder’s interest in the Company will be reduced to 29.3% of the outstanding shares (or 28.1%...

Monmouth Releases Investor Presentation Highlighting Benefits of Pending Equity Commonwealth Merger

Written by Customer Service on August 3, 2021. Posted in Public Companies.

Urges Stockholders to Vote the WHITE Proxy Card “FOR” the Equity Commonwealth Transaction HOLMDEL, N.J., Aug. 03, 2021 (GLOBE NEWSWIRE) — Monmouth Real Estate Investment Corporation (NYSE: MNR, “Monmouth” or “the Company”) today released an investor presentation highlighting the significant value and other benefits of the Company’s pending merger with Equity Commonwealth (NYSE: EQC, “EQC”). The presentation, which is on file with the Securities and Exchange Commission, is available on the investor relations page of Monmouth’s website at https://investors.mreic.reit/corporate-profile/default.aspx. As outlined in the presentation, the Monmouth Board is confident that the EQC transaction is the best option to maximize long-term value for stockholders. Highlights include:Robust strategic review process. The transaction is the culmination...

Day: August 3, 2021

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