Month: April 2024

Wintrust Financial Corporation and Macatawa Bank Corporation Announce Plans to Merge

Written by Customer Service on April 15, 2024. Posted in Mergers And Acquisitions.

ROSEMONT, Ill. and HOLLAND, Mich., April 15, 2024 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) and Macatawa Bank Corporation (“Macatawa”) (Nasdaq: MCBC) today jointly announced that they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in an all-stock transaction. Macatawa is the parent company of Macatawa Bank, a Michigan state-chartered bank, which is headquartered in Holland, Michigan and operates a network of 26 full-service branches located throughout communities in Kent, Ottawa and northern Allegan counties, including Grand Rapids. Founded in 1997, Macatawa has an exemplary history of serving its communities. As of December 31, 2023, it had approximately $2.7 billion in assets, $2.4 billion in deposits and $1.3 billion in loans. Macatawa’s approach to customer...

Nokia Corporation: Repurchase of own shares on 15.04.2024

Written by Customer Service on April 15, 2024. Posted in Public Companies.

Nokia CorporationStock Exchange Release15 April 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 15.04.2024 Espoo, Finland – On 15 April 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*XHEL 558,548 3.18CEUX – –BATE – –AQEU – –TQEX – –Total 558,548 3.18* Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation...

AMG Critical Materials N.V. Completes Issuance of $100 Million Incremental Term Loan

Written by Customer Service on April 15, 2024. Posted in Public Companies.

Amsterdam, 15 April 2024 — AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) is pleased to announce that it has entered into a new $100 million incremental term loan, structured as a fungible add-on to the existing $350 million senior secured term loan. The $100 million incremental term loan has the same pricing, terms and 2028 maturity as the existing $350 million term loan. AMG will use the proceeds of the new incremental term loan for general corporate purposes and lithium resource development. Moody’s Investors Service affirmed our Ba2 rating to the increased senior secured term loan, affirmed our B1 corporate family rating, and changed their outlook to stable from positive. S&P Global Ratings affirmed our BB- rating on the increased senior secured term loan, affirmed our B+ issuer credit...

Woodbridge International Announces Sale of Becnel Rental Tools, Inc. to Transcat, Inc.

Written by Customer Service on April 15, 2024. Posted in Mergers And Acquisitions.

NEW HAVEN, Conn., April 15, 2024 (GLOBE NEWSWIRE) — Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, Becnel Rental Tools, Inc. by Transcat, Inc. Founded in 2012, Becnel is an ISO 9001:2015 certified provider of rental tools and services primarily utilized in the decommissioning and maintenance of oil wells. The company’s management team has vast experience operating and servicing customers in these highly regulated end markets. The existing staff and leadership team, led by current Becnel President Jason Becnel, will remain in place to strategically drive the business and service customers’ needs. Transcat, Inc. is a leading provider of accredited calibration, reliability, maintenance optimization, quality and compliance, validation, Computerized Maintenance...

Malaga Financial Corporation Reports Strong First Quarter Earnings

Written by Customer Service on April 15, 2024. Posted in Earnings Releases And Operating Results.

PALOS VERDES ESTATES, Calif., April 15, 2024 (GLOBE NEWSWIRE) — Malaga Financial Corporation “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended March 31, 2024 was $6,012,000 ($0.67 basic and fully diluted earnings per share), an increase of $137,000 or 2% from net income of $5,875,000 ($0.65 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 9, 2023) for the quarter ended March 31, 2023. For the first quarter of 2024, the Company’s annualized return on average equity was 12.06% and the annualized return on average assets was 1.64%, as compared to 12.70% and 1.57%, respectively, for the same period in 2023. The Company did not have any delinquent loans or foreclosed real estate owned at March 31, 2024. The Company’s...

New Novartis Fabhalta® (iptacopan) data show clinically meaningful and statistically significant proteinuria reduction of 38.3% versus placebo for patients with IgA nephropathy (IgAN)

Written by Customer Service on April 15, 2024. Posted in Public Companies.

APPLAUSE-IgAN is first and only Phase III study to demonstrate significant proteinuria reduction by targeting the complement system in patients with IgAN1IgAN is a heterogeneous, progressive, rare kidney disease and is a major cause of chronic kidney disease worldwide2; complement activation is a key driver of glomerular inflammation in IgAN3,4There is a need for effective, targeted therapies for IgAN2,5; up to 30% of patients with persistent proteinuria (≥1 g/day) may progress to kidney failure within 10 years, requiring maintenance dialysis and/or kidney transplantation6Novartis continues to advance broad renal portfolio in late-stage development, exploring the potential to slow disease progression and extend dialysis-free life Basel, April 15, 2024 – Novartis today presented results from a pre-specified interim analysis of...

Schouw & Co. share buy-back programme, week 15 2024

Written by Customer Service on April 15, 2024. Posted in Public Companies.

On 4 March 2024, Schouw & Co. initiated a share buy-back programme as outlined in Company Announcement no. 13 of 1 March 2024. Under the programme, Schouw & Co. will acquire shares for up to DKK 200 million during the period 4 March 2024 to 31 December 2024. The buy-back will be structured in accordance with Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and the Commission’s delegated regulation (EU) 2016/1052 of 8 March 2016 (“Safe Harbour” rules).Trading day No. of shares Average price Amount Accumulated until 5/4/2024 49,300 529.00 26,079,664 Monday, 8 April 2024 1,500 538.73 808,095 Tuesday, 9 April 2024 1,000 540.49 540,490 Wednesday, 10 April 2024 800 542.47 433,976 Thursday, 11 April...

Dr. Michael Leonard Joins Ingredion as Senior Vice President, Chief Innovation Officer and Head of Protein Fortification

Written by Customer Service on April 15, 2024. Posted in Public Companies.

WESTCHESTER, Ill., April 15, 2024 (GLOBE NEWSWIRE) — Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage industry, today announced the appointment of Dr. Michael Leonard to the role of senior vice president, chief innovation officer and head of protein fortification, effective May 13, 2024. Leonard will serve as a member of the Company’s executive leadership team and will report to Jim Zallie, president and chief executive officer. Over his 21-year career, Leonard has led product development and commercialization across multiple food and beverage categories in domestic and global markets, with a focus on the Asia-Pacific region where he lived and worked. He has a proven track record of driving growth and productivity through his leadership of global R&D functions,...

Sotherly Hotels Inc. Schedules First Quarter 2024 Earnings Release and Conference Call

Written by Customer Service on April 15, 2024. Posted in Public Companies.

WILLIAMSBURG, Va., April 15, 2024 (GLOBE NEWSWIRE) — Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) announced that the Company will report financial results for the first quarter 2024 prior to the market opening on Thursday, May 9, 2024. A conference call for investors and other interested parties is scheduled for 10:00 a.m. Eastern Time (ET) that same day, at which time management will discuss the Company’s first quarter 2024 results. The information to be discussed on the call will be contained in the Company’s earnings release, which will be available via the Company’s website at www.sotherlyhotels.com in the Investors section under Financial Information. The conference call will be accessible by telephone and through the Internet. Interested individuals are invited to listen to the call by telephone at 833-470-1428 (United...

Heritage Cannabis Announces Commencement of Sale and Investment Solicitation Process

Written by Customer Service on April 15, 2024. Posted in Public Companies.

Toronto, ON, April 15, 2024 (GLOBE NEWSWIRE) — Heritage Cannabis Holdings Corp. (CSE: CANN) (OTCQX: HERTF) (“Heritage” or the “Company“) today announced the commencement of a sale and investment solicitation process (the “SISP“) in respect of the business and assets of the Company, 1005477 B.C. Ltd., Heritage Cannabis West Corporation (“Heritage West“), Mainstrain Market Ltd., Heritage Cannabis East Corporation, Purefarma Solutions Inc., 333 Jarvis Realty Inc., 5450 Realty Inc., Heritage Cannabis Exchange Corp. and Premium 5 Ltd. (collectively, the “Heritage Group“). The SISP will be conducted in the Heritage Group’s ongoing proceedings under the Companies’ Creditors Arrangement Act (the “CCAA“).On April 2, 2024, the Heritage Group obtained an initial order...

Month: April 2024

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