Year: 2022

100% Stock-for-Stock Deal with an Aggregate Transaction Value of $53.9 Million MOOREFIELD, W.Va. and PRESTON, Md., Dec. 12, 2022 (GLOBE NEWSWIRE) — Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) and PSB Holding Corp. (“PSB”) announce the signing of a definitive merger agreement between Summit and PSB. Subject to the terms of the merger agreement, PSB shareholders will receive 1.2347 shares of Summit common stock for each outstanding share of PSB common stock. Based upon the 20-day average closing price of $28.35 per share of Summit’s common stock through December 8, 2022, this equates to $35.00 per PSB common share and an aggregate transaction value of approximately $53.9 million. As of September 30, 2022, the combined company would have had approximate total assets of $4.5 billion, gross loans of $3.5 billion and deposits...

Will Provide Update on the Financial Illustration of the Bank Holding Company and the Bank on a Go-Forward Basis Subsequent to the Acquisition of the National Bank of New York City BOCA RATON, Fla., Dec. 12, 2022 (GLOBE NEWSWIRE) — Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Barry Sloane, Chief Executive Officer, will hold a conference call on Wednesday, December 14, 2022 at 8:30 am ET, to provide an update on the pending acquisition of National Bank of New York City (“NBNYC”) and to discuss the Company’s financial illustration as a bank holding company. The corresponding presentation titled ‘Update on Pending Acquisition of National Bank of New York City’ dated December 12, 2022, will be available in the ‘Events & Presentations’ section of...

Global butyl glycol market was valued at USD 0.83 billion in 2021, and it is expected to reach a value of USD 1.17 billion by 2028, at a CAGR of 5.0% over the forecast period (2022–2028). Westford, USA, Dec. 12, 2022 (GLOBE NEWSWIRE) — There is a growing demand for butyl glycol in the market. This is because butyl glycol is a versatile product with a wide range of applications. It is used as a solvent in the paint and coatings industry, as a coolant in the automotive industry, and as an ingredient in cosmetics and personal care products. SkyQuest’s analysis of the butyl glycol market is extremely comprehensive and provides detailed insights into the market. The report segments the industry by application, end-use, and region. It also analyses the key drivers and trends affecting the industry. The report finds that the global market...

Global anthracite coal mining market was valued at US$ 60.0 billion in 2021, and it is expected to reach a value of US$ 81.65 billion by 2028, at a CAGR of 4.5% over the forecast period (2022–2028). Westford, USA, Dec. 12, 2022 (GLOBE NEWSWIRE) — SkyQuest’s analysis of the anthracite coal mining market shows that the industry is in decline. The number of mines has declined from over 2,000 in 2000 to less than 500 in 2021 in the US, and employment has fallen from over 100,000 to less than 30,000 during the same period. As of 2021. The global reserve of anthracite coal has remained around 742,237 million tons, which is less than 1% of the global coal reserve. The primary reasons for the decline of the anthracite coal mining industry are declining demand for coal and increased competition from natural gas and renewable energy sources....

Global household cleaning products market was valued at USD 237.03 billion in 2021, and it is expected to reach a value of USD 321.03 billion by 2028, at a CAGR of 4.4% over the forecast period (2022-2028). Westford, USA, Dec. 12, 2022 (GLOBE NEWSWIRE) — SkyQuest’s analysis of the household cleaning products market finds that the market is growing at a healthy rate and is expected to continue to do so in the coming years. The main drivers of this growth are the increasing population and urbanization, as well as the rising incomes and standards of living in developing countries. The report finds that there are a number of trends affecting the industry, including the shift towards more premium and natural products, the increasing importance of e-commerce, and the rise of private label brands. Overall, the global household cleaning...

Global robotic lawn mower market was valued at USD 1.48 billion in 2021, and the market size is estimated to reach USD 4.06 billion by 2028, at a CAGR of 15.5% over the forecast period (2022–2028). Westford, USA, Dec. 12, 2022 (GLOBE NEWSWIRE) — The report found that the global robotic lawn mower market is currently worth $1.48 billion and is expected to grow at a compound annual growth rate of 15.5% until 2028. In 2021, there were an estimated 1.2 million units sold worldwide, and this is expected to increase to 6.6 million units by 2028. One of the key drivers of this growth is the increasing use of artificial intelligence and automation in robotic lawn mowers. The global robotic lawn mower market is still in its early stages of development with only around 7% of total global lawn mower sales being attributable to robots. However,...

Global unmanned aerial vehicle market was valued at USD 26.3 billion in the year 2021, and it is expected to reach USD 58.95 billion by 2028, increasing at a CAGR of 12.22% over the forecast period (2022-2028). Westford, USA, Dec. 12, 2022 (GLOBE NEWSWIRE) — SkyQuest’s analysis of the global unmanned aerial vehicle market shows that the market is expected to grow at a compound annual growth rate (CAGR) of 12.22% from 2022 to 2028. This growth will be driven by advances in technology and rising demand from commercial and government applications. The UAV industry is still in its early stages, with only a handful of firms dominating the market. However, we expect new entrants to enter the market over the next decade as the technology matures and regulations become more defined. The competitive landscape will become more complex as...

The global Pallets Market size is projected to grow from USD 59.91 billion in 2018 to USD 88.69 Billion during forecast period of 2019 to 2026. The market is to grow at CAGR of 5.1 %. Pune, India, Dec. 12, 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insights, the global pallets market size is expected to rise at a CAGR of 5.1% and reach a value of USD 88.69 Billion by the end of 2026 from USD 59.91 Billion in 2018. Increasing adoption of material handling equipment in different industries is a major factor propelling the growth of the global pallets market. Fortune Business Insights presents a detailed study of the global pallet market in the report, titled “Pallets Market Size, Share and Global Trend by Material Type (Wood, Plastic, Composite Wood, and others), By Application (Pharmaceuticals, F&B, Manufacturing,...

Global copper wire market was valued at USD 165.48 Billion in 2021, and it is expected to reach a value of USD 263.74 Billion by 2028, at a CAGR of 6.0% over the forecast period (2022-2028). Westford, USA, Dec. 12, 2022 (GLOBE NEWSWIRE) — As businesses invest in digital transformation, the global market for copper wire is forecast to grow. According to SkyQuest’s study, the market will reach $263.74 billion by 2028, up from $165.48 billion in 2021. Our analysis shows that the need for higher data rates and improved connectivity is driving demand for copper wire. The transition to 5G will also be a major factor in the growth of the market. In addition, the increasing use of artificial intelligence (AI) and the Internet of Things (IoT) is expected to create new opportunities for copper wire in consumer electronics industry. The report...