Month: January 2025

Baltic Horizon Fund announces plans to divest assets in the amount of approximately EUR 55 million as part of its strategic effort to bring down LTV

Written by Customer Service on January 29, 2025. Posted in Public Companies.

Having recently received expressions of interest from several investors, the management team has engaged local advisors Newsec Advisers UAB and Redgate Capital AS to assist Baltic Horizon Fund (the Fund) in a structured divestment process. In February of 2024, Baltic Horizon Fund‘s management team introduced its strategic objectives to stabilize the Fund and build a solid foundation for the future. The past year, the focus has been on signing new leases in order to increase the net operating income and managing the cash position of the Fund. Building on the progress that has been made to repay the outstanding bonds and increase the occupancy of the portfolio, the management team sees recovery in the transaction market and has therefore initiated a structured process with the intention to dispose certain of its real estate assets, where...

XPO Recognizes 246 Drivers for Reaching One Million or More Accident-Free Miles Over the Past 12 Months

Written by Customer Service on January 29, 2025. Posted in Public Companies.

Honorees Include Three Four Million Milers and 100th Three Million Miler in Company History GREENWICH, Conn., Jan. 29, 2025 (GLOBE NEWSWIRE) — XPO (NYSE: XPO), a leading provider of freight transportation in North America, today announced that 246 of its professional truck drivers achieved million-mile safe driving milestones in 2024. Collectively, they have driven over 308 million consecutive accident-free miles, equivalent to roughly 12,379 trips around the Earth. Of the 246 drivers, 199 reached one million consecutive accident-free miles, while 35 drivers surpassed two million miles. Additionally, XPO celebrated nine drivers for achieving three million consecutive accident-free miles, including the 100th driver in company history to accomplish this feat. Three drivers were recognized by XPO for reaching four million consecutive...

Kelly Named a Top Company for Remote Jobs in 2025

Written by Customer Service on January 29, 2025. Posted in Public Companies.

Company one of only six employers to make FlexJobs’ list every year since 2014 TROY, Mich., Jan. 29, 2025 (GLOBE NEWSWIRE) — Kelly has been named to FlexJobs’ annual list of the Top 100 Companies to Watch for Remote Jobs for the 12th consecutive year. The specialty talent solutions provider is one of only six employers to have been recognized every year since the list’s inception in 2014. The list is based on an analysis of approximately 60,000 companies and their remote job posting histories in the FlexJobs database between Jan. 1 and Dec. 31, 2024. Kelly is one of 100 companies that had the highest number of remote job openings throughout 2024. A “remote job” is defined as a professional-level job that allows the worker to work from home either entirely or part of the time. Kelly ranked fourth on this year’s list. “We’re proud...

Good results for 2024 and expectations of continued high level of business activity in 2025

Written by Customer Service on January 29, 2025. Posted in Public Companies.

Based on the preliminary and unaudited financial figures from the Group’s businesses, Schouw & Co. currently estimates its consolidated revenue for 2024 at approximately DKK 34.7 billion, as compared with the most recent guidance of DKK 34.1-35.7 billion, while consolidated EBITDA is estimated at about DKK 2,930 million as compared with the guided range of DKK 2,810-2,980 million. The Group’s largest company, BioMar, and the companies HydraSpecma and Fibertex Personal Care have all reported an EBITDA at the top of – or above – the most recently announced guidance ranges, while the remaining companies of the Group have reported a result around the lower end of the expected EBITDA ranges. Despite the significant market uncertainties, Schouw & Co. expects to maintain an overall high level of business activity in 2025,...

Definitive Healthcare named a 2025 Best Places to Work in Boston by Built In

Written by Customer Service on January 29, 2025. Posted in Public Companies.

FRAMINGHAM, Mass., Jan. 29, 2025 (GLOBE NEWSWIRE) — Definitive Healthcare (Nasdaq: DH), an industry leader in healthcare commercial intelligence, today announced that it has been named one of Built In’s 100 Best Places to Work in Boston, MA for 2025. The annual awards program includes companies of all sizes, from startups to large enterprises, and honors both remote-first employers as well as companies in large tech markets across the U.S. “We are honored to once again be recognized as a best place to work,” said Kevin Coop, Chief Executive Officer at Definitive Healthcare. “People join Definitive Healthcare to make an impact in healthcare and the culture we have reflects that shared sense of purpose. Our employees’ expertise and dedication are the driving force behind our success. Employees are empowered to come to work...

Ingredion Named to 2025 FORTUNE World’s Most Admired Companies List for 15th Time

Written by Customer Service on January 29, 2025. Posted in Public Companies.

WESTCHESTER, Ill., Jan. 29, 2025 (GLOBE NEWSWIRE) — Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food manufacturing industry, has been named to the 2025 Fortune World’s Most Admired Companies list. This marks the 15th time Ingredion has received this distinguished recognition, reaffirming the Company’s position as a leader in innovation, sustainability, and corporate excellence. “To be recognized for the 15th time by our peers on the World’s Most Admired Companies list is a testament to Ingredion’s unwavering commitment to excellence and innovation,” said Jim Zallie, Ingredion’s president and CEO. “Our 12,000 employees across the globe are the driving force behind this recognition, demonstrating their dedication to our values and mission of enhancing lives...

Orange County Bancorp, Inc. Announces Strategic Realignment of Internal Divisions to Enhance its Wealth Management Services

Written by Customer Service on January 29, 2025. Posted in Public Companies.

Wealth and asset management offerings rebranded as Orange Wealth Management MIDDLETOWN, N.Y., Jan. 29, 2025 (GLOBE NEWSWIRE) — Orange County Bancorp, Inc. (the “Company” – Nasdaq: OBT), parent company of Orange Bank & Trust Co. (the “Bank”) and Hudson Valley Investment Advisors, Inc., today announced a realignment of internal divisions designed to promote its wealth management services to better meet the evolving needs of its clients. The Company’s asset management arm, Hudson Valley Investment Advisors, Inc., and trust and private banking offerings will be collectively known as Orange Wealth Management. The oversight of Orange Wealth Management will be led by Senior Vice President, David P. Dineen. Dineen is currently the head of the Bank’s wealth service sales and will now serve as the Managing Director of Wealth Management....

Glucotrack Strengthens Leadership Team with Appointment of New Chief Financial Officer

Written by Customer Service on January 29, 2025. Posted in Public Companies.

Industry veteran Peter C. Wulff joins Glucotrack to drive financial strategy and commercialization of its continuous blood glucose monitor for people with diabetes RUTHERFORD, N.J., Jan. 29, 2025 (GLOBE NEWSWIRE) — Glucotrack, Inc. (Nasdaq: GCTK) (“Glucotrack” or the “Company”), a medical technology company focused on the design, development, and commercialization of novel technologies for people with diabetes, today announced that Peter C. Wulff has been named Chief Financial Officer, effective immediately. Mr. Wulff has over 35 years of financial management experience in both public and privately held companies in the emerging growth life sciences sector. He has a strong track record of successfully raising capital through a variety of mechanisms including public and private equity offerings, debt financing, and strategic business...

PLUMAS BANCORP TO ACQUIRE CORNERSTONE COMMUNITY BANCORP

Written by Customer Service on January 29, 2025. Posted in Mergers And Acquisitions.

RENO, Nev., Jan. 29, 2025 (GLOBE NEWSWIRE) — Plumas Bancorp (“Plumas”) (Nasdaq: PLBC) and Cornerstone Community Bancorp (“Cornerstone”) (OTCPK: CRSB) jointly announce the signing of a definitive merger agreement (the “Agreement”) whereby Plumas will acquire Cornerstone in a stock and cash transaction valued at approximately $64.6 million (the “Transaction”) based on the closing price of $47.76 for Plumas shares on January 28, 2025. On a pro forma consolidated basis, the combined company would have approximately $2.3 billion in assets, $2.0 billion in deposits, $1.5 billion in loans, and operate 19 branches throughout Northern California and Western Nevada. Cornerstone, headquartered in Red Bluff, California, is the parent company of Cornerstone Community Bank, a 19-year-old bank with approximately $658 million in assets as of December...

Tenable Plans to Acquire Vulcan Cyber, Accelerate Leadership in Exposure Management

Written by Customer Service on January 29, 2025. Posted in Mergers And Acquisitions.

COLUMBIA, Md., Jan. 29, 2025 (GLOBE NEWSWIRE) — Tenable Holdings, Inc., (“Tenable”) (Nasdaq: TENB) the exposure management company, today announced that it has signed a definitive agreement to acquire Vulcan Cyber Ltd. (“Vulcan Cyber”), a leading innovator in exposure management. Vulcan Cyber’s capabilities will augment Tenable’s industry-leading Exposure Management platform, enhancing customers’ ability to consolidate exposures across their security stack, prioritize risks and streamline remediation efforts across the entire attack surface. Under the terms of the agreement, Tenable will acquire Vulcan Cyber for approximately $147 million in cash and $3 million of restricted stock units (RSUs) that vest over a future period. The acquisition is expected to close in the first quarter of 2025, subject to customary closing conditions. “CISOs...

Month: January 2025

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