Month: July 2022

KBC Group: KBC completes acquisition of Raiffeisen Bank International’s Bulgarian operations

Written by Customer Service on July 7, 2022. Posted in Mergers And Acquisitions.

Press Release Outside trading hours – Regulated information* Brussels, Sofia, 7 July 2022 (5.45 p.m. CEST) KBC completes acquisition of Raiffeisen Bank International’s Bulgarian operations Today, KBC Bank and Raiffeisen Bank International (‘RBI’) completed the deal announced on 15 November 2021 concerning the acquisition of 100% of the shares of Raiffeisenbank (Bulgaria) EAD, which is responsible for the banking operations of RBI in Bulgaria. The transaction also includes Raiffeisenbank Bulgaria’s fully owned subsidiaries Raiffeisen Leasing Bulgaria, Raiffeisen Asset Management (Bulgaria), Raiffeisen Insurance Broker and Raiffeisen Service. The acquisition, worth a total of 1 009 million euros paid in cash, reflects the quality of the Raiffeisen franchise in Bulgaria and the potential for synergy. The transaction will have a...

Alvotech Initiates Patient Study for AVT06, a Proposed Biosimilar for Eylea®

Written by Customer Service on July 7, 2022. Posted in Public Companies.

AVT06 is the third biosimilar candidate developed by Alvotech to enter clinical studies Eylea® (aflibercept) is used for the treatment of eye disorders and reached global sales of nearly US$10 billion in 2021 The patient study is expected to enroll approximately 444 participants globallyREYKJAVIK, ICELAND (July 7, 2022) – Alvotech (NASDAQ: ALVO), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, announced today the initiation of the company’s confirmatory clinical study for AVT06 (aflibercept), a biosimilar candidate to Eylea®. The objective of the study is to compare AVT06 and Eylea® in terms of efficacy, safety, and immunogenicity in adult patients with neovascular (wet) age-related macular degeneration (AMD). The study (ALVOEYE) is a randomized, double-masked,...

Nuvei and GAN Launch Strategic Partnership for the North American Gaming Industry

Written by Customer Service on July 7, 2022. Posted in Public Companies.

Operators Can Integrate Nuvei’s Suite of Payment Solutions Through GAN’s Market-Leading Platform Technology MONTREAL and IRVINE, CA, July 07, 2022 (GLOBE NEWSWIRE) — Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), tomorrow’s payments platform, and GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”) announce today they have entered a strategic partnership enabling gaming operators to access Nuvei’s full suite of payments solutions through an integration with GAN’s software-as-a-service gaming platform technology. The partnership commenced following the launch of the regulated gaming market in Ontario earlier this year and is now being extended to support operators across the U.S. and Canada. Nuvei technology is integrated seamlessly into GAN software, and thanks to this partnership, players can instantly...

HII to Host Second Quarter Earnings Conference Call and Webcast on Aug. 4

Written by Customer Service on July 7, 2022. Posted in Public Companies.

NEWPORT NEWS, Va., July 07, 2022 (GLOBE NEWSWIRE) — HII (NYSE:HII) will release its second quarter 2022 financial results on Thursday, Aug. 4, and host an earnings conference call at 9 a.m. Eastern time the same day. The call will be webcast live on HII’s website: https://www.hii.com/. HII participants will include Chris Kastner, president and CEO, and Tom Stiehle, executive vice president and chief financial officer. Their remarks will be supplemented by a series of slides appearing on the company website. Listeners are encouraged to view these materials in conjunction with the call. Replays of the call will be available on the website for a limited time. HII is an all-domain defense and technologies partner, recognized worldwide as America’s largest shipbuilder. With a 135-year history of trusted partnerships in advancing U.S....

Mortgage Rates Drop

Written by Customer Service on July 7, 2022. Posted in Public Companies.

Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of July 7, 2022.MCLEAN, Va., July 07, 2022 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.30 percent. “Over the last two weeks, the 30-year fixed-rate mortgage dropped by half a percent, as concerns about a potential recession continue to rise,” said Sam Khater, Freddie Mac’s Chief Economist. “While the drop provides minor relief to buyers, the housing market will continue to normalize if home price growth materially slows due to the combination of low housing affordability and an expected economic slowdown.” News Facts30-year fixed-rate mortgage averaged 5.30 percent with an average 0.8 point as of July 7, 2022, down from...

American Airlines Group Announces Webcast of Second-Quarter 2022 Financial Results

Written by Customer Service on July 7, 2022. Posted in Public Companies.

FORT WORTH, Texas, July 07, 2022 (GLOBE NEWSWIRE) — American Airlines Group (NASDAQ: AAL) will webcast a live audio feed of its second-quarter 2022 financial results conference call with financial analysts and journalists on Thursday, July 21, at 7:30 a.m. CT. The webcast will be available to the public on a listen-only basis at aa.com/investorrelations. An archive of the call will be available on the website through Aug. 21. About American Airlines GroupTo Care for People on Life’s Journey®. Shares of American Airlines Group Inc. trade on Nasdaq under the ticker symbol AAL and the company’s stock is included in the S&P 500. Learn more about what’s happening at American by visiting news.aa.com and connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines. Investor Relationsinvestor.relations...

First Fed Invests in Strategic Partnership with Meriwether Group

Written by Customer Service on July 7, 2022. Posted in Public Companies.

First Fed Invests in Strategic Partnership with Meriwether Group Matt Deines and David HowittPORT ANGELES, Wash., July 07, 2022 (GLOBE NEWSWIRE) — First Northwest Bancorp (FNWB), parent company of First Fed Bank, announced a strategic investment in Meriwether Group, a firm providing accelerator, financial, and family office services. “The First Fed and Meriwether partnership positions us to serve as a modern-day merchant bank, providing support for entrepreneurs and high growth business opportunities,” shared Matt Deines, CEO of FNWB and First Fed. The equity investment formalizes a partnership that has developed in recent years. First Fed and Meriwether Group have partnered to serve a number of business clients including BILLY Footwear, Tutta Bella, and Seattle Sun Tan. “Since our founding, we have sought to align our practice...

CORRECTING and REPLACING – Usio’s Innovative Prepaid Card Solutions Emerging as the Platform of Choice for Guaranteed Income Programs Nationwide

Written by Customer Service on July 7, 2022. Posted in Public Companies.

Programs in New York, Phoenix, Chicago, Denver and Arlington, Virginia Join the Fund for Guaranteed Income and others in Utilizing Usio Prepaid Cards as the Preferred Disbursement Vehicle in Their Various Guaranteed Income Programs SAN ANTONIO, Texas, July 07, 2022 (GLOBE NEWSWIRE) — In a release issued under the same headline on June 30 by Usio, Inc. (Nasdaq: USIO), please note that the fifth item in the bulleted list should read “Arlington’s Guarantee is likewise sponsoring a guaranteed income pilot program that will provide $500 to 200 low-income working families in Arlington, Virginia, for 18 months.” The corrected release follows: Usio, Inc. (Nasdaq: USIO), a leading FinTech integrated electronic payment solutions provider, today announced the addition of several more municipally-managed guaranteed income...

Small Caliber Ammunition Market to Hit USD 9.41 Billion by 2022-2029 | Rising Utilization of Guns for Personal Security to Boost Market Growth

Written by Customer Service on July 7, 2022. Posted in Mergers And Acquisitions.

Companies Covered in Small Caliber Ammunition Market are Aguila Ammunition (Mexico), BAE Systems (U.K.), Denel SOC Ltd (South Africa), General Dynamics Corporation (U.S.), Nammo AS (Norway), Northrop Grumman Corporation (U.S.), Olin Corporation (U.S.), RAUG Group (Switzerland) , Remington Arms Company LLC (U.S.), Sellier & Ballot (Czech Republic), Vista Outdoor, Inc. (U.S.), Elbit Systems Ltd. (Israel), KNDS N.V. (France), Thales Group (France) and Other key players Pune, India, July 07, 2022 (GLOBE NEWSWIRE) — The global small caliber ammunition market size was USD 7.90 billion in 2021. The market is projected to grow from USD 8.00 billion in 2022 to USD 9.41 billion in 2029 at a CAGR of 2.35% in the 2022-2029 period. This information is provided by Fortune Business Insights, in its report titled, “Small Caliber Ammunition...

Scilex Holding Company, a Sorrento Company, Has Entered A Term Sheet to Acquire Ancora Medical Inc.

Written by Customer Service on July 7, 2022. Posted in Mergers And Acquisitions.

Ancora Medical Inc. (“Ancora”) is a privately held medical technology company with an FDA approved product in February 2020, the Nerve Block Catheter Set which is indicated for surgical pain management during the pre-operative, perioperative and post-operative periods associated with general and orthopedic surgery. The device allows physicians to locate peripheral nerves by transferring electrical impulses from a nerve stimulator and/or through ultrasound visualization of the device. The catheter may remain in dwelling for up to 72 hours. The global continuous peripheral nerve block catheter market is estimated to surpass $740.7 million by 2027.1 The global needle market will reach $8.47 billion by 2022 and $15.9 billion by 2026 and the nerve block needle market is valued at $600 million.2 Ancora technology has tremendous potential as...

Month: July 2022

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