Month: February 2023

CALGARY, Alberta, Feb. 28, 2023 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) has closed on the transaction to purchase bp’s 50% interest in the bp-Husky Toledo Refinery in Ohio, effective today. Cenovus already owned 50% of the facility, and now owns 100% and assumes operatorship. Total consideration for the sale is approximately US$370 million after closing adjustments, including working capital. Cenovus and bp will also enter into a multi-year product supply agreement. The Toledo Refinery has 160,000 barrels per day (bbls/d) of throughput capacity, including about 90,000 bbls/d of heavy oil capacity, and increases Cenovus’s total downstream refining capacity to about 740,000 bbls/d. Cenovus expects the refinery will ramp to full rates by mid-second quarter. Advisory Forward-looking Information This news release...

TORONTO, Feb. 28, 2023 (GLOBE NEWSWIRE) — Noranda Income Fund (TSX: NIF.UN) (the “Fund”) today announced that the Fund’s unitholders have approved the proposed arrangement (the “Arrangement”) pursuant to which all of the Fund’s issued and outstanding priority units would be acquired by Glencore Canada Corporation for $1.98 per priority unit in cash. At a special meeting of Fund unitholders held earlier today, the Arrangement was approved by 87.28% of the votes cast by all unitholders and by 80.71% of the votes cast by holders of the Fund’s priority units after excluding the votes from priority unitholders whose votes are required to be excluded pursuant to applicable securities law for purposes of the Arrangement. “I would like to thank the Fund unitholders for their support over the years and in relation to the proposed...

key visual_IMCD UK expands its industrial footprint with the acquisition of Orange Chemicals Standing (left to right) – Richard Mell, Finance Director, IMCD UK; Fenna van Zanten, Director M&A, IMCD Group; Ann Millett, Company Secretary, Orange Chemicals; David Robinson, Business Unit Manager, IMCD UKSitting (left to right) – Paul Hanbury, Managing Director, IMCD UK; John Millett, Managing Director, Orange ChemicalsROTTERDAM, The Netherlands (28 February 2023) – IMCD N.V. (“IMCD” or “Company”), a leading distributor of speciality chemicals and ingredients, today announces that IMCD UK has acquired 100% of the shares of Orange Chemicals Ltd (“Orange Chemicals”), a distributor of performance chemicals throughout the UK and Ireland. Since its inception in 1976, Orange Chemicals has built an excellent industry reputation alongside...

Issues Comprehensive Take Down of the Most Blatantly False and Misleading Claims from the Company’s Investor Presentation Regarding the Value Destructive Merger with IAA Calls on Ritchie Bros. Board to Acknowledge Apparent Manipulation of Forecasts by Management Urges Shareholders to Preserve RBA’s Long Term Sustainable Value and Vote on the GREEN Proxy Card AGAINST the Value Destructive IAA Merger NEW YORK, Feb. 28, 2023 (GLOBE NEWSWIRE) — Luxor Capital Group, LP (“Luxor”), as the manager of funds owning 4.7 million shares of Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSX: RBA) (“RBA” or, “Ritchie Bros.”, or the “Company”), representing approximately 4.2% of the Company’s outstanding shares, announced today that it has released a supplemental presentation addressing various false and misleading statements, and mischaracterizations...

Algolux is an acknowledged leader in perception for autonomous vehiclesAllan Benchetrit, Algolux president and CEO & Peter Vaughan Schmidt, Torc CEO Torc Robotics Announces Agreement to Acquire AlgoluxBlacksburg, Va, Feb. 28, 2023 (GLOBE NEWSWIRE) — Torc Robotics, an independent subsidiary of Daimler Truck AG and a pioneer in commercializing self-driving vehicle technology, announced today that it has signed an agreement to acquire Algolux Inc. Torc is acquiring Algolux for its award-winning intellectual property and expertise in the areas of computer vision and machine learning. “We’re thrilled to welcome Algolux to the Torc family,” said Peter Vaughan Schmidt, Torc CEO. “Algolux’s technology, at the intersection of deep learning, computer vision, and computational imaging, will help Torc strengthen key capabilities toward...