Month: September 2021

SP Plus Corporation Announces Participation in the Sidoti Fall 2021 Virtual Small Cap Conference

Written by Customer Service on September 20, 2021. Posted in Public Companies.

CHICAGO, Sept. 20, 2021 (GLOBE NEWSWIRE) — SP Plus Corporation (Nasdaq:SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, today announced its participation in the Sidoti Fall 2021 Virtual Small Cap Conference. Marc Baumann, Chairman and Chief Executive Officer, and Kris Roy, Chief Financial Officer, will present at 3:00 p.m. CDT (4:00 p.m. EDT) on Wednesday, September 22. A live audio webcast of the presentation will be available here. A replay will be available for three months following the conference. Management will also host investor meetings at this conference. About SP+ SP+ facilitates the efficient movement of people, vehicles and personal belongings with the goal of enhancing the consumer experience while improving bottom...

Shell signs agreement to sell Permian interest for $9.5 billion to ConocoPhillips

Written by Customer Service on September 20, 2021. Posted in Public Companies.

HOUSTON (September 20, 2021) − Shell Enterprises LLC, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its Permian business to ConocoPhillips, a leading shales developer in the basin, for $9.5 billion in cash. The transaction will transfer all of Shell’s interest in the Permian to ConocoPhillips, subject to regulatory approvals. “After reviewing multiple strategies and portfolio options for our Permian assets, this transaction with ConocoPhillips emerged as a very compelling value proposition,” said Wael Sawan, Upstream Director. “This decision once again reflects our focus on value over volumes as well as disciplined stewardship of capital. This transaction, made possible by the Permian team’s outstanding operational performance, provides excellent value to our shareholders through accelerating...

iBio to Participate in the Cantor 2021 Virtual Global Healthcare Conference

Written by Customer Service on September 20, 2021. Posted in Public Companies.

BRYAN, Texas, Sept. 20, 2021 (GLOBE NEWSWIRE) — iBio, Inc. (NYSEA:IBIO) (“iBio” or the “Company”), a developer of next-generation biopharmaceuticals and pioneer of the sustainable, plant-based FastPharming Manufacturing System®, today announced that the Company’s Chairman & CEO, Tom Isett, and its CSO, Martin Brenner, DVM, Ph.D., will participate in a fireside chat at the Cantor Virtual Global Healthcare Conference on Monday, September 27, 2021 at 10:00 a.m. Eastern Time. The fireside chat will be broadcast live and archived on the Company’s website at www.ibioinc.com under “News & Events” in the Investors section. About iBio, Inc. iBio is a developer of next-generation biopharmaceuticals and a pioneer in sustainable, plant-based biologics manufacturing. Its FastPharming System® combines vertical farming,...

InterDigital to Present at the Sidoti Fall Virtual Small Cap Conference

Written by Customer Service on September 20, 2021. Posted in Public Companies.

WILMINGTON, Del., Sept. 20, 2021 (GLOBE NEWSWIRE) — InterDigital, Inc. (NASDAQ:IDCC), a mobile and video technology research and development company, today announced that the company will be presenting at the Sidoti Fall Virtual Small Cap Conference on September 22, 2021 at 1:00 PM ET. The event will be webcast live and an archived replay of the presentation will also be available following the conference. For more information, please visit the Investors section of the company’s website closer to the event. About InterDigital® InterDigital develops mobile and video technologies that are at the core of devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks, better video delivery, and richer multimedia experiences...

W. R. Grace Holdings LLC and W. R. Grace & Co. Announce Final Results of Exchange Offers and Consent Solicitations

Written by Customer Service on September 20, 2021. Posted in Mergers And Acquisitions.

NEW YORK, Sept. 20, 2021 (GLOBE NEWSWIRE) — W. R. Grace Holdings LLC (formerly known as Gibraltar Acquisition Holdings LLC) (“Holdings”) and W. R. Grace & Co. (NYSE: GRA) (“Grace”) today announced the final results of the previously announced offers to eligible holders to exchange (each, an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by W. R. Grace & Co.-Conn. (the “Grace Issuer”) as set forth in the table below (the “Existing Grace Notes”) for (1) up to $1,050,000,000 aggregate principal amount of new notes issued by Holdings (the “New Secured Notes”) and (2) cash, and related consent solicitations (each, a “Consent Solicitation” and, collectively, the “Consent Solicitations”) to adopt certain proposed amendments to each of the indentures governing the Existing Grace...

Kearny Financial Corp. Announces Completion of 5% Stock Repurchase Plan

Written by Customer Service on September 20, 2021. Posted in Public Companies.

FAIRFIELD, N.J., Sept. 20, 2021 (GLOBE NEWSWIRE) — Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company for Kearny Bank, announced today the completion of its previously disclosed stock repurchase plan which authorized the repurchase of 4,064,649 shares. Such shares were repurchased at a cost of $50.5 million, or $12.43 per share. About Kearny Financial Corp.Kearny Financial Corp. is the parent company of Kearny Bank which operates from its administrative headquarters in Fairfield, New Jersey, and a total of 48 retail branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York. At June 30, 2021, Kearny Financial Corp. had approximately $7.3 billion in total assets. Statements contained in this news release that are not historical facts are forward-looking statements...

Park Hotels & Resorts Inc. Announces Third Quarter 2021 Earnings Conference Call on November 4, 2021

Written by Customer Service on September 20, 2021. Posted in Earnings Releases And Operating Results.

TYSONS, Va., Sept. 20, 2021 (GLOBE NEWSWIRE) — Park Hotels & Resorts Inc. (NYSE: PK) (“Park”) today announced that it plans to report financial results for the third quarter 2021 after the stock market closes on Wednesday, November 3, 2021. Park will hold a conference call on Thursday, November 4, 2021 at 11:00 a.m. Eastern Time (ET) to discuss its earnings results, current operational environment and business outlook. The conference call will be accessible by telephone and through the internet. Interested individuals are invited to participate by following these steps: Telephone:Please dial (877) 451-6152, or (201) 389-0879 for international participants, and request Park Hotels & Resorts’ Third Quarter 2021 Earnings Conference Call. It is recommended that participants dial in 10 minutes ahead of the scheduled start...

APA Corporation Increases Cash Dividend on Common Shares

Written by Customer Service on September 20, 2021. Posted in Dividend Reports And Estimates.

HOUSTON, Sept. 20, 2021 (GLOBE NEWSWIRE) — The board of directors of APA Corporation (Nasdaq: APA) has declared a regular cash dividend on the company’s common shares, increasing the quarterly dividend rate to 6.25 cents per share, up from 2.5 cents per share. The dividend on APA common shares is payable Nov. 22, 2021, to stockholders of record on Oct. 22, 2021. On an annualized basis, the dividend increases to 25 cents per share, up 150% from the previous annualized level of 10 cents per share. “APA’s dividend increase represents a prudent first step on our path to returning a higher percentage of cash flow to our shareholders. This follows the considerable progress we are making this year on debt reduction. The new dividend returns an additional $57 million to our shareholders annually, an amount that is more than funded...

StepStone Group Completes Acquisition of Greenspring Associates

Written by Customer Service on September 20, 2021. Posted in Mergers And Acquisitions.

Transaction Adds More Than $9 Billion in Fee-earning Assets under Management Combined Firm Has More Than $100 Billion of Assets under Management NEW YORK, Sept. 20, 2021 (GLOBE NEWSWIRE) — StepStone Group Inc. (Nasdaq: STEP), a global private markets investment firm, today announced that it has completed its previously announced acquisition of Greenspring Associates, a leading venture capital and growth equity platform. The transaction adds $9.5 billion of fee-earning assets under management and $18.9 billion of assets under management, as of June 30, 2021. “We are pleased to complete this acquisition ahead of schedule and are thrilled to integrate the Greenspring team into our organization,” said Scott Hart, StepStone’s Co-CEO. “The addition of Greenspring expands our leadership in private markets solutions, provides added scale...

Great Elm Capital Corp. Announces Acquisition of Majority Interest in Lenders Funding, LLC

Written by Customer Service on September 20, 2021. Posted in Mergers And Acquisitions.

WALTHAM, Mass., Sept. 20, 2021 (GLOBE NEWSWIRE) — Great Elm Capital Corp. (“we,” “us,” “our,” or “GECC,”) (NASDAQ: GECC), a business development company, today announced that it has acquired a majority equity interest in Lenders Funding, LLC (“Lenders Funding”) a private funding and risk sharing source for factors and asset-based lenders. Established in 2000, Lenders Funding purchases participations in factoring and asset-based lending transactions as well as provides working capital to customers under a variety of lending programs. Transaction DetailsGECC is purchasing a majority ownership position in Lenders Funding for $7.25 million, consisting of $4 million in cash and $3.25 million in GECC shares issued at GECC’s net asset value (NAV). In connection with the transaction, GECC will also issue to Lenders Funding $10 million...

Month: September 2021

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