Month: June 2022

SARASOTA, Fla., June 01, 2022 (GLOBE NEWSWIRE) — Roper Technologies, Inc. (NYSE: ROP) today announced that it has agreed to sell a majority stake in its industrial businesses, including its entire Process Technologies segment and the industrial businesses within its Measurement & Analytical Solutions segment, to affiliates of Clayton, Dubilier & Rice, LLC (“CD&R”). Roper will receive total upfront, pre-tax cash proceeds of approximately $2.6 billion while retaining a 49% minority interest in a new standalone entity. The transaction includes the following businesses: Alpha, AMOT, CCC, Cornell, Dynisco, FTI, Hansen, Hardy, Logitech, Metrix, PAC, Roper Pump, Struers, Technolog, Uson, and Viatran. Collectively, these businesses generated approximately $940 million of revenue and $260 million of EBITDA in 2021. “This...

HIGH POINT, N.C., June 01, 2022 (GLOBE NEWSWIRE) — vTv Therapeutics Inc. (Nasdaq: VTVT) today announced entry into agreements that include a $25 million investment by G42 Investments AI Holding RSC Ltd (“G42 Investments”). Under the terms of the agreements, G42 Investments acquired 10,386,274 shares of Class A Common Stock of vTv at an issue price of $2.407 per share, with $12.5 million paid in cash at closing, and the remaining amount of $12.5 million payable on May 31, 2023. The agreements also provide for the potential issuance of $30 million in additional shares of Class A Common Stock to G42 Investments (or cash in lieu of such issuance at the option of G42 Investments) if the United States Food and Drug Administration (the “FDA”) approves the marketing and sale of a pharmaceutical product containing TTP399, a liver selective...

Accomplished executive brings deep expertise leading global strategy and corporate development CHICAGO, June 01, 2022 (GLOBE NEWSWIRE) — TransUnion (NYSE: TRU) has hired Karen Krause as Executive Vice President, Chief Strategy and Communications Officer, effective June 1. Karen brings deep strategy and corporate development expertise in financial services with extensive experience in growing businesses through acquisitions and transforming operations to grow capabilities globally. She will be responsible for leading TransUnion’s Global Strategy, Communications and Branding functions, with a focus on enabling, facilitating and monitoring our transformation across global platforms and products to achieve our vision and strategy. She will partner with Finance and the Business to support our growth in relation to future M&A priorities. “TransUnion...

— Submission seeks approval for landiolol for the short-term reduction of ventricular rate in patients with supraventricular tachycardia, including atrial fibrillation and atrial flutter — — Expected approval mid-year 2023, if accepted by FDA for filing, based on feedback from U.S. Food and Drug Administration (“FDA”) provided during AOP Health’s Type C meeting — — Enrollment of study of pediatric patients with supraventricular tachycardia is underway in Europe and is designed to serve as the basis for proposed pediatric study plans for a future FDA submission — — If landiolol is approved, Eagle expects five years of new chemical entity exclusivity — WOODCLIFF LAKE, N.J., June 01, 2022 (GLOBE NEWSWIRE) — Eagle Pharmaceuticals, Inc. (Nasdaq: EGRX) (“Eagle” or the “Company”) today announced...

BEIJING, June 01, 2022 (GLOBE NEWSWIRE) — China Index Holdings Limited (NASDAQ: CIH), (“CIH” or the “Company”), a leading real estate information and analytics service platform provider in China, today announced that the Company has received a written notification from Nasdaq Listing Qualifications department of the Nasdaq Stock Market LLC (“Nasdaq”) dated May 31, 2022. The letter states that the Company is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5450(a)(1) (the “Rule”), because the bid price of the Company’s American depositary shares (“ADSs”) closed below US$1 per share for the 30 consecutive business days from April 18 through May 27, 2022. The Company is granted a compliance period of 180 calendar days, expiring on November 28, 2022, to regain compliance. The Company...

Lands’ End X Draper James Lands’ End X Draper James Summer 2022 CollectionBrand’s limited-edition line with Reese Witherspoon sunsets with playful seasonal looks for the whole family DODGEVILLE, Wis., June 01, 2022 (GLOBE NEWSWIRE) — Lands’ End (NASDAQ: LE), a classic American lifestyle brand known for high quality apparel for the whole family and the home, and Draper James, a brand founded by Reese Witherspoon and inspired by her Southern roots, today announce the fourth and final collection of their two-year partnership. Building on the success of the collaboration’s past several seasons, the latest line will pair Lands’ End’s classic silhouettes with Draper James’ iconic gingham and floral prints across women’s, men’s and children’s apparel and swimwear. In line with Lands’ End’s emphasis on celebrating every...