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Month: September 2021

DTE announces an additional $70 million investment to combat extreme weather-related power outages

•Attacking source of major storm damage to improve power reliability for customers in communities hardest hit by recent severe storms•No impact on customer billsIn areas where tree trimming has been completed communities have experienced, on average, 60% fewer outages. DTE tree trimmers are trained in national safety practices through an International Brotherhood of Electrical Workers apprenticeship program. Training includes tree identification, tree health, climbing, machine management, ground support, and electric hazard awareness.Detroit, Sept. 01, 2021 (GLOBE NEWSWIRE) — DTE Energy today announced an incremental $70 million investment to combat extreme weather-related power outages. The plan will direct additional funds to remove trees and trim branches away from power lines. Trees are responsible for...

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Northrop Grumman Corporation Announces Expiration and Final Results of Exchange Offers and Consent Solicitations

FALLS CHURCH, Va., Sept. 01, 2021 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) (“Northrop Grumman”) announced today the expiration and final results of its previously announced (A) offers to exchange (the “Exchange Offers”) any and all outstanding notes of Northrop Grumman Systems Corporation (“NGSC”), as set forth in the table below (the “Existing Notes”), for (1) up to $1,171,189,000 aggregate principal amount of new notes issued by Northrop Grumman (the “New Notes”) and (2) cash, and (B) related consent solicitations being made by Northrop Grumman and NGSC (the “Consent Solicitations”) to (1) adopt certain amendments to each of the indentures governing the Existing Notes (the “Indenture Amendments”) and (2) except with respect to NGSC’s 7.750% Debentures due 2031, amend and terminate each of the corresponding...

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Workplace vaccine mandates expected to accelerate, Willis Towers Watson survey finds

Employers ramp up tracking and proof requirements while intensifying efforts to encourage more employees to get vaccinated ARLINGTON, Va., Sept. 01, 2021 (GLOBE NEWSWIRE) — The number of U.S. employers requiring workers to get vaccinated is expected to surge over the next several months, according to a new survey by Willis Towers Watson (NASDAQ: WLTW), a leading global advisory, broking and solutions company. The survey also found that more companies will be implementing financial incentives and expanding testing requirements as they update plans to reopen worksites. The survey, conducted between August 18 and 25, found that by the fourth quarter of 2021, over half (52%) of employers could have one or more vaccine mandate requirements in the workplace. These range from requiring vaccination for employees to access common areas...

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Varonis Announces Data Classification Cloud for Box and Google Drive

Data discovery and classification capabilities enhance Varonis’ SaaS security solution, DatAdvantage Cloud NEW YORK, Sept. 01, 2021 (GLOBE NEWSWIRE) — Varonis Systems, Inc. (Nasdaq: VRNS), a pioneer in data security and analytics, announces Data Classification Cloud for Box and Google Drive. The offering adds data discovery context to complement DatAdvantage Cloud, a solution launched earlier this year that centrally monitors and protects data across multiple Software-as-a-Service (SaaS) and Infrastructure-as-a-Service (IaaS) applications. Join our Varonis Virtual Connect! event, Tackling SaaS Security Risks: A CISO’s Perspective on September 9 at noon ET to hear how Varonis DatAdvantage Cloud helps a CISO from a global communications firm manage cyber risk and be among the first to learn about Data Classification Cloud. “Varonis...

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Paylocity Announces Acquisition of Blue Marble Payroll

SCHAUMBURG, Ill., Sept. 01, 2021 (GLOBE NEWSWIRE) — Paylocity (NASDAQ: PCTY), a leading provider of cloud-based HR and payroll software solutions, today announces the acquisition of Blue Marble Payroll, a longtime partner providing international payroll solutions. Blue Marble is a leading global payroll provider for companies seeking more control and convenience in international payroll processes and currently serves approximately 450 clients. Blue Marble’s platform enables U.S.-based companies to manage payroll for employees outside the U.S. in line with complex local and country-specific requirements across more than 150 countries. Paylocity has worked with Blue Marble since its start in 2013, helping shared clients with their international payroll needs. As more economies around the world open and companies increasingly look...

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ORBCOMM Announces Completion of Acquisition by GI Partners

Transaction well-positions Company to continue driving innovation and long-term strategic growth in the industrial IoT ROCHELLE PARK, N.J., Sept. 01, 2021 (GLOBE NEWSWIRE) — ORBCOMM Inc., a global provider of Internet of Things (IoT) solutions, today announced the completion of its acquisition by GI Partners, a leading US-based private investment management firm, in an all-cash transaction that values ORBCOMM at approximately $1.1 billion, including net debt. Under the terms of the transaction, which was announced on April 8, 2021, ORBCOMM stockholders will receive $11.50 in cash per outstanding share of common stock, representing a premium of approximately 52% to ORBCOMM’s closing share price on April 7th and a 50% premium over the 90-day volume-weighted average share price through that date. The transaction was approved by ORBCOMM...

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Ayr Wellness Enters Agreement to Acquire PA Natural Medicine, LLC

Adds Three Dispensaries to Growing PA Footprint NEW YORK, Sept. 01, 2021 (GLOBE NEWSWIRE) — Ayr Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a vertically-integrated cannabis multi-state operator (MSO), has entered into a binding letter of intent to acquire PA Natural Medicine, LLC (“PA Natural”), an operator of three licensed retail dispensaries, deepening Ayr’s presence in the rapidly growing medical market in the Commonwealth of Pennsylvania. “Our goal across our footprint is to develop scale and meaningful presence in each of our markets. Today’s announcement builds on our already strong position in Pennsylvania, where we have built a tremendous foundation since entering the state just a few months ago. Our three Ayr Wellness stores, open an average of less than six months, are run-rating at over $7 million...

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Completion of the acquisition of LGT Group AB and update on full-year outlook for 2021

Company announcement no. 21 – 211 September 2021 Completion of the acquisition of LGT Group AB and update on full-year outlook for 2021 Following regulatory clearances by the relevant competition authorities, NTG Nordic Transport Group A/S (“NTG”) has completed the acquisition of 100% of the shares in the furniture logistics specialist LGT Group AB (“LGT Group”). The main transaction details were described in Company Announcement No. 18 – 21 dated 16 July 2021. LGT Group will be included in the consolidated financial statements of NTG as of 1 September 2021. The acquisition is expected to contribute with approximately DKK 200 million in revenue and approximately DKK 15 million in adj. EBIT for the remaining four months of the year. Update on full-year outlook for 2021 Financial performance so far in Q3 2021 has exceeded expectations, primarily...

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Nova LifeStyle Inc. Provides Update on Successful Las Vegas Market 2021 Tradeshow

Photo 1Photo 1Photo 2Photo 2Photo 3Photo 3LOS ANGELES, Sept. 01, 2021 (GLOBE NEWSWIRE) — Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) is pleased to announce, Diamond Sofa, a wholly owned subsidiary of the Company, participated at Las Vegas Market Summer 2021 which took place August 22 – 26.  Las Vegas Market (LVMKT) showcased thousands of home furnishings lines on one easy-to-navigate campus, highlighting West Coast style and exclusive designs. Within four connected buildings and more than 4 million square feet of permanent and temporary showrooms, LVMKT showcases a comprehensive cross-category product offering of the latest introductions and proven best-sellers. “We are very pleased to receive the positive feedback from current and prospective...

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One Medical Appoints Mary Ann Tocio to Board of Directors

SAN FRANCISCO, Sept. 01, 2021 (GLOBE NEWSWIRE) — One Medical (NASDAQ: ONEM), a leading national technology-powered primary care organization, today announced the appointment of Mary Ann Tocio to its board of directors. Ms. Tocio is the former President and Chief Operating Officer of Bright Horizons Family Solutions, and joins the board with over 30 years of leadership and operational experience. In addition, Ms. Tocio brings to One Medical extensive health care and medical management expertise, as well as substantial board experience across both private and public companies, including Iora Health. “We are extremely delighted to welcome Mary Ann Tocio to our board of directors,” said Amir Dan Rubin, Chair & CEO of One Medical. “Mary Ann brings deep expertise in leading and scaling private and public companies, including in...

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