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Month: August 2022

Malvern Bancorp, Inc. Reports Third Fiscal Quarter Operating Results

PAOLI, Pa., Aug. 08, 2022 (GLOBE NEWSWIRE) — Malvern Bancorp, Inc. (NASDAQ: MLVF) (the “Company”), the parent company of Malvern Bank, National Association (the “Bank”), today reported operating results for the third fiscal quarter ended June 30, 2022. Net income amounted to $1.8 million, or $0.24 per fully diluted common share, compared with $1.6 million, or $0.21 per fully diluted common share, for the quarter ended June 30, 2021. Annualized return on average assets (“ROAA”) was 0.69% for the quarter ended June 30, 2022, compared to 0.53% for the quarter ended June 30, 2021, and annualized return on average equity (“ROAE”) was 5.06% for the quarter ended June 30, 2022, compared with 4.35% for the quarter ended June 30, 2021. For the nine months ended June 30, 2022, net income amounted to $4.4 million, or $0.58 per fully diluted...

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3D Systems to Accelerate High Volume Additive Manufacturing with Acquisition of dp polar GmbH

dp polar’s unique, industrial-scale rotating build platform enables continuous, high-speed 3D printing of components across multiple processes for industrial & healthcare production applications Integration with 3D Systems’ broad portfolio of polymer materials and production-focused software systems will enable rapid adoption of dp polar technology into a wide range of high-speed, automated production environmentsROCK HILL, S.C., Aug. 08, 2022 (GLOBE NEWSWIRE) — Today, 3D Systems (NYSE:DDD) announced that it has entered an agreement to acquire dp polar GmbH, the German-based designer and manufacturer of the industry’s first additive manufacturing system designed for true high-speed mass production of customized components. Central to dp polar’s patented continuous printing process is a large-scale, segmented, rotating print...

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Publication of offer document by Noble Corporation plc and statement by Maersk Drilling’s Board of Directors in connection with the business combination between Maersk Drilling and Noble Corporation

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. With reference to Maersk Drilling’s company announcement no. 10/2022 regarding a voluntary public share exchange offer (the “Exchange Offer”) to be made by Noble Corporation plc (“Topco”) to the shareholders of The Drilling Company of 1972 A/S (“Maersk Drilling”), Topco has today published an offer document (the “Offer Document”) in accordance with section 4(2) and 21 of the Danish Executive Order no. 636 of 15 May 2020 on takeover bids (the “Danish Takeover Order”), setting out the full terms and conditions to the Exchange Offer. Topco’s announcement is attached to this announcement. The Board...

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Announcement of Noble Corporation plc’s intention to submit voluntary public share exchange offer to the shareholders of Maersk Drilling and publication of exemption document in connection with the business combination

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. Noble Corporation (“Noble”) and The Drilling Company of 1972 A/S (“Maersk Drilling”) announced on 10 November 2021 their agreement to combine in a primarily all-stock transaction (see Maersk Drilling’s company announcement no. 14/2021 of 10 November 2021 (link)). Following this agreement, Noble Corporation plc (“Topco”), a UK-incorporated holding company organized for the purpose of effecting the business combination, today announced its intention to submit a voluntary public share exchange offer (the “Exchange Offer”) to Maersk Drilling’s shareholders in accordance with section 4(1) of the Danish Executive Order no. 636 of 15...

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Baker Hughes Acquires Power Generation Division of BRUSH Group to Enhance its Electric Machinery Portfolio

Acquisition expands Baker Hughes’ turbomachinery portfolio with proven electric-power technology for industrial and energy customers Integration of BRUSH will enhance Baker Hughes’ electrification offering and supports strategic commitment to provide cleaner energy solutionsHOUSTON and LONDON, Aug. 08, 2022 (GLOBE NEWSWIRE) —  Baker Hughes (Nasdaq: BKR) announced it has agreed to acquire the Power Generation division of BRUSH Group (“BRUSH”) from One Equity Partners. BRUSH is an established equipment manufacturer that specializes in electric power generation and management for the industrial and energy sectors. This acquisition supports Baker Hughes’ strategic commitment to lead in providing decarbonization solutions for the natural gas industry and historically hard-to-abate sectors. The addition of BRUSH will enhance Baker...

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Seacoast Announces Agreement to Acquire Professional Holding Corp.

Accelerates Seacoast’s Successful Strategy of Expanding its Presence in the Attractive South Florida Market STUART, Fla., Aug. 08, 2022 (GLOBE NEWSWIRE) — Seacoast Banking Corporation of Florida (“Seacoast”) (NASDAQ: SBCF), the holding company for Seacoast National Bank (“Seacoast Bank”), and Professional Holding Corp. (“Professional”) (NASDAQ: PFHD), parent company of Professional Bank, announced today that they have signed a definitive agreement under which Seacoast will acquire Professional. The proposed transaction will expand Seacoast’s footprint in the dynamic tri-county South Florida market, which includes Miami-Dade, Broward, and Palm Beach Counties, the largest MSA in Florida and the eighth largest in the nation. Professional Bank, the sixth largest bank headquartered in South Florida, operates nine branches across Miami-Dade,...

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Cenovus Acquiring Outstanding 50% Interest in Toledo Refinery from bp, Will Assume Operatorship

CALGARY, Alberta, Aug. 08, 2022 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE), through its U.S. operating business, has reached an agreement to purchase bp’s 50% interest in the bp-Husky Toledo Refinery in Ohio. Cenovus has owned the other 50% of the refinery since its combination with Husky Energy in 2021. Cenovus’s U.S. operating business will assume operatorship from bp upon closing of the transaction, which is expected before the end of 2022, dependent on the satisfaction of closing conditions. Total consideration includes US$300 million in cash, subject to customary closing adjustments, plus the value of inventory. In addition, the parties have signed a multi-year product supply agreement. “Fully owning the Toledo Refinery provides a unique opportunity to further integrate our heavy oil production and refining...

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Compounding Pharmacies Market | Rising Demand for Surgical Procedures Drives Growth Rapidly – MDC Research

Compounding Pharmacies Market 2022 – 2030 – Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MDC Research Pune, Aug. 08, 2022 (GLOBE NEWSWIRE) — Compounding Pharmacies Market by Vendor Assessment, Technology Assessment, Partner & Customer Ecosystem, type/solution, service, organization size, end-use verticals, and Region – Global Compounding Pharmacies Market Forecast to 2030, published by Market Data Centre, The Compounding Pharmacies Market is projected to grow at a solid pace during the forecast period. The presence of key players...

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Fuel Cell Vehicle Market Size to Hit USD 6,731.4 Million by 2026 | Exhibit a CAGR of 29.7%

According to Fortune Business Insights, the global fuel cell vehicle market was valued at USD 446.7 million in 2018, and is projected to reach USD 6,731.4 million by 2026, growing at CAGR of 29.7% from 2021 to 2026. Participation of top carmakers such as BMW and AUDI to elevate market potential. Pune, India, Aug. 08, 2022 (GLOBE NEWSWIRE) — The global fuel cell vehicle market size is expected to grow from USD 446.7 million in 2018 to USD 6,731.4 million by 2026, exhibiting a CAGR of 29.7% during the forecast period. Increasing air pollution levels caused by cars and other vehicles will propel the growth of this market, according to the new Fortune Business Insights™ report, titled “Fuel Cell Vehicle Market 2021-2026”. Conventional fossil-fuel-based commercial vehicles produce huge amounts of emissions, and the shift towards fuel...

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CinCor Reports Second Quarter Financial Results and Provides Corporate Update

Positive topline data in the Phase 2 BrigHtn trial, demonstrating clinically meaningful and statistically significant reduction in blood pressure with baxdrostat in treatment-resistant hypertension Completed enrollment in the HALO Phase 2 trial for baxdrostat in patients with uncontrolled hypertension with 249 patients randomized; topline data expected in the second half of 2022 Initiated an Open Label Extension trial to evaluate the safety and tolerability of baxdrostat in patients for up to 52 weeks Conference Call and Webcast Scheduled for 8:30 AM EDT Today WALTHAM, Mass., Aug. 08, 2022 (GLOBE NEWSWIRE) — CinCor Pharma, Inc. (NASDAQ: CINC) today announced financial results for the second quarter ended June 30, 2022 and provided a corporate update. “We were very pleased to announce earlier today the positive topline data for...

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