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Month: May 2023

Syneos Health to be Acquired by a Private Investment Consortium for Approximately $7.1 Billion

Shareholders to Receive $43.00 Per Share in Cash Represents 24% Premium to Unaffected Stock Price MORRISVILLE, N.C., May 10, 2023 (GLOBE NEWSWIRE) — Syneos Health, Inc. (Nasdaq: SYNH) (“Syneos Health” or the “Company”), a leading fully integrated biopharmaceutical solutions organization, today announced that it has entered into a definitive agreement to be acquired by a consortium of private investment firm affiliates composed of Elliott Investment Management (“Elliott”), Patient Square Capital (“Patient Square”), and Veritas Capital (“Veritas”) for $43.00 per share in cash in a transaction valued at approximately $7.1 billion, including outstanding debt. The purchase price represents a 24% premium to Syneos Health’s unaffected closing stock price on February 13, 2023, the last trading day prior to media speculation regarding the...

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HSBC Bank Plc – Form 8.5 (EPT/RI) – Civitas Social Housing PLC

FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITYRule 8.5 of the Takeover Code (the “Code”) 1.         KEY INFORMATION(a) Name of exempt principal trader: HSBC Bank Plc(b) Name of offeror/offeree in relation to whose relevant securities this form relates:     Use a separate form for each offeror/offeree Civitas Social Housing PLC(c) Name of the party to the offer with which exempt principal trader is connected: Offeror -Wellness Unity Limited (a wholly-owned indirect subsidiary of CK Asset Holdings Limited)(d) Date dealing undertaken: 09 May 2023(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?     If it is a cash offer or possible cash...

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Rule 8.3 – Civitas Social Housing Plc

FORM 8.3   PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)   1.        KEY INFORMATION  (a)        Full name of discloser: Investec Wealth & Investment Limited(b)        Owner or controller of interests and short positions disclosed, if different from 1(a):         The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.N/A(c)        Name of offeror/offeree in relation to whose relevant securities this form relates:         Use a separate form for each offeror/offereeCivitas Social Housing plc(d)        If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:Civitas...

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Rule 8.3 – Medica Group Plc

FORM 8.3   PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”)   1.        KEY INFORMATION  (a)        Full name of discloser: Investec Wealth & Investment Limited(b)        Owner or controller of interests and short positions disclosed, if different from 1(a):         The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.N/A(c)        Name of offeror/offeree in relation to whose relevant securities this form relates:         Use a separate form for each offeror/offereeMedica Group plc(d)        If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:Medica Group...

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Coherent Corp. Reports Fiscal 2023 Third Quarter Results

Revenue of $1.24 billion, Grew 50% Year-Over-Year Organic Revenue Growth of 6% Year-Over-Year Backlog of $2.6 billion, Grew 23% Year-Over-Year Quarterly Operating Cash Flow of $152 million GAAP EPS of $(0.24) Non-GAAP EPS of $0.58 Establishes multi-year restructuring planPITTSBURGH, May 10, 2023 (GLOBE NEWSWIRE) —  Coherent Corp. (NYSE:COHR) (“Coherent,” “We” or the “Company”) today reported results for its fiscal 2023 third quarter ended March 31, 2023. “We posted third quarter revenues of $1.24 billion up 4% year over year on a pro forma basis. Revenue grew 50% on a reported basis compared to Q3 of FY22 and declined 9% sequentially. We were intensely focused on controlling costs, managing cash and continuing our disciplined approach to capital allocation and design wins,” said Dr. Vincent D. Mattera,...

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LifeStance Reports First Quarter 2023 Results

SCOTTSDALE, Ariz., May 10, 2023 (GLOBE NEWSWIRE) — LifeStance Health Group, Inc. (Nasdaq: LFST), one of the nation’s largest providers of outpatient mental healthcare, today announced financial results for the first quarter ended March 31, 2023. (All results compared to prior-year comparative period, unless otherwise noted)Q1 2023 Highlights and FY 2023 OutlookTotal revenue of $252.6 million increased $49.5 million or 24% compared to revenue of $203.1 million Total clinicians of 5,961 up 19%, a sequential net increase of 330 in the first quarter Net loss of $34.2 million compared to net loss of $62.3 million, primarily driven by stock-based compensation Adjusted EBITDA of $10.1 million compared to Adjusted EBITDA of $12.5 million Raising revenue and Center Margin guidance: Now expecting full year 2023 revenue of $990 million...

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European Wax Center, Inc. Reports First Quarter Fiscal Year 2023 Results

Reiterates fiscal 2023 outlook First Quarter Fiscal 2023 versus 2022Net new centers increased 11.9% to 978 total centers in 45 states System-wide sales of $218.4 million increased 5.5% Total revenue of $49.9 million increased 9.8% Same-store sales increased 4.5% GAAP net loss of $1.1 million and Adjusted EBITDA of $16.3 millionPLANO, Texas, May 10, 2023 (GLOBE NEWSWIRE) — Today, European Wax Center, Inc. (NASDAQ: EWCZ), the largest and fastest-growing franchisor and operator of out-of-home waxing services in the United States, reports financial results for the 13 weeks ended April 1, 2023. David Berg, Chief Executive Officer of European Wax Center, Inc. stated: “We are pleased with our solid performance in the first quarter, as we continued to deliver on our two key growth vectors – unit growth and in-center sales growth. We...

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Polyethylene Market to Worth USD 140.21 Billion by 2029 | Fortune Business Insights™

The global polyethylene market covered major segments By Type (HDPE/MDPE, LDPE, LLDPE), By End-use Industry (Packaging, Automotive, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceuticals, Electrical & Electronics, Agriculture, and Others), and Regional Forecast, 2022-2029. Pune, India, May 10, 2023 (GLOBE NEWSWIRE) — According to the report published by Fortune Business Insights™, titled “Polyethylene Market Size, Share, Growth and Forecast Outlook, 2022-2029” the global polyethylene market was valued at USD 102.49 billion in 2021 and is projected to experience substantial growth from USD 106.14 billion in 2022 to USD 140.21 billion in 2029, with an estimated compound annual growth rate (CAGR) of 4.1% during the forecast period. The market’s expansion can be...

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Li Auto Inc. Announces Unaudited First Quarter 2023 Financial Results

Quarterly total revenues reached RMB18.79 billion (US$2.74 billion)1Quarterly deliveries reached 52,584 vehicles BEIJING, China, May 10, 2023 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced its unaudited financial results for the quarter ended March 31, 2023. Operating Highlights for the First Quarter of 2023Total vehicle deliveries were 52,584 units in the first quarter of 2023, representing a 65.8% year-over-year increase.Deliveries   2023 Q1   2022 Q4   2022 Q3   2022 Q2    52,584   46,319   26,524   28,687                 Deliveries   2022 Q1   2021 Q4   2021 Q3   2021 Q2    31,716   35,221   25,116   17,575                 As of March 31, 2023, the Company had 299 retail stores covering 123 cities,...

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Small Satellite Market to Worth USD 12.02 Billion by 2029 | With 11.53% CAGR

Key companies covered in small satellite market are Airbus S.A.S (Netherlands), The Boeing Company (U.S.), Lockheed Martin Corporation (U.S.), Northrop Grumman Corporation (U.S.), Sierra Nevada Corporation (U.S.), ST Engineering (Singapore), Thales Group (France), SPACEX (U.S.), and L3Harris Technologies, Inc. (U.S.), and more players profiled. Pune, India, May 10, 2023 (GLOBE NEWSWIRE) — The global small satellite market size was valued at USD 4.90 billion in 2021 and reached USD 5.60 billion in 2022. The market is expected to be valued at USD 12.02 billion by 2029, exhibiting a CAGR of 11.53% during the forecast period. The rapid adoption of 3D printing parts for satellite manufacturing and rising applications of satellites from several sectors are expected to boost market progress. Fortune Business Insights™ presents...

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