DCP | Jotup

Phillips 66 Completes Acquisition of DCP Midstream, LP Common Units

Retrieved on:

Donnerstag, Juni 15, 2023

Finance, Oil, Gas, Energy, Professional Services, Other Energy, DCP, Phillips, Acquisition, Multimedia, Phillips 66, NYSE, DCP Midstream Partners, Petroleum, LP

Phillips 66 (NYSE: PSX) and DCP Midstream, LP (NYSE: DCP) completed the previously announced acquisition by Phillips 66 of all the publicly held common units representing limited partner interests in DCP Midstream for $41.75 per common unit in cash at a total value of approximately $3.8 billion, increasing its economic interest in DCP Midstream to 86.8%.

Key Points:

Phillips 66 (NYSE: PSX) and DCP Midstream, LP (NYSE: DCP) completed the previously announced acquisition by Phillips 66 of all the publicly held common units representing limited partner interests in DCP Midstream for $41.75 per common unit in cash at a total value of approximately $3.8 billion, increasing its economic interest in DCP Midstream to 86.8%.
This press release features multimedia.
View the full release here: https://www.businesswire.com/news/home/20230614491693/en/
Effective with the opening of markets today, DCP Midstream’s common units will no longer be listed on the New York Stock Exchange.

VRS Selects New Record Keeper for Defined Contribution Plans

Retrieved on:

Donnerstag, Juni 15, 2023

Education, Voya Financial, Culture, Workplace, DCP, Virginia Retirement System, VOYA, Retirement, VRS, Trustee, Commonwealth, SVP, Financial adviser

RICHMOND, Va., June 15, 2023 /PRNewswire/ -- The Virginia Retirement System Board of Trustees has named Voya Financial to serve as the third-party record keeper for the VRS defined contribution plans (DCP) beginning January 1, 2025, subject to final contract negotiations.

Key Points:

RICHMOND, Va., June 15, 2023 /PRNewswire/ -- The Virginia Retirement System Board of Trustees has named Voya Financial to serve as the third-party record keeper for the VRS defined contribution plans (DCP) beginning January 1, 2025, subject to final contract negotiations.
Following an expected 18-month transition period, Voya will assume record-keeping responsibilities January 1, 2025, for VRS-sponsored defined contribution plans including the Commonwealth of Virginia 457 Deferred Compensation Plan, the Virginia Cash Match Plan 401(a) and the defined contribution component of the Hybrid Retirement Plan.
Voya will also serve as record keeper for VRS-sponsored optional retirement plans for political appointees and school superintendents, and as one of the provider choices for the optional plan for higher education.
Record keeping entails administering participant defined contribution accounts including managing contributions and distributions, interfacing with investment managers selected by VRS and providing participant education and services and communications for VRS plans.

FTC Suit Leads to $16.7 Million Judgment Against Principals and Celebrity Endorsers of Real Estate Investment Training Program

Retrieved on:

Samstag, Mai 27, 2023

In addition, two of the primary real estate celebrities who endorsed the training have agreed to orders that require them to pay $1.7 million.

Key Points:

In addition, two of the primary real estate celebrities who endorsed the training have agreed to orders that require them to pay $1.7 million.
According to the complaint filed by the FTC and the Utah DCP against Response Marketing Group, LLC and its principals, Response Marketing used false promises to sell consumers a series of expensive real estate investment training programs.
At the three-day workshops, Response Marketing deceptively pitched additional training programs that cost tens of thousands of dollars, according to the complaint.
Response Marketing then upsold consumers by pitching a purported coaching program through telemarketing that could cost as much as an additional $30,000.
The program was marketed as exclusive “Inner Circle” training that supposedly had limited spots and would allow consumers to work one-on-one with a purported real estate expert.
The company’s predecessor began selling real estate investment training packages in the early 2010s.

Jamieson Wellness Inc. Closes Previously Announced Partnership with DCP Capital

Retrieved on:

Dienstag, Mai 16, 2023

LLP, Partnership, VMS, Marketing, DCP, Morrison, Stikeman Elliott, Solomon Partners, Acquisition, Jamieson, TSX, Knowledge, Growth, McCarthy, Pharmaceutical industry

TORONTO, May 16, 2023 (GLOBE NEWSWIRE) -- Jamieson Wellness Inc. (“Jamieson Wellness” or the “Company”) (TSX:JWEL) announced today that it has closed its previously announced agreement to partner with DCP Capital (“DCP”) pursuant to which DCP has contributed $47.4 million ($35 million in USD) in capital in exchange for a 33% interest in the Company’s Chinese operations.

Key Points:

TORONTO, May 16, 2023 (GLOBE NEWSWIRE) -- Jamieson Wellness Inc. (“Jamieson Wellness” or the “Company”) (TSX:JWEL) announced today that it has closed its previously announced agreement to partner with DCP Capital (“DCP”) pursuant to which DCP has contributed $47.4 million ($35 million in USD) in capital in exchange for a 33% interest in the Company’s Chinese operations.
This partnership with DCP is another significant step forward in the Company’s growth plans in its fastest growing market.
“DCP has decades of experience building international brands in China,” said Mike Pilato, President and CEO of Jamieson Wellness.
DCP’s partnership will support our expanding infrastructure and marketing plans for the Chinese market, as well as the overall growth aspirations of Jamieson Wellness, globally.

CALICHE DEVELOPMENT PARTNERS II ANNOUNCES OPEN SEASON FOR EXPANSION PROJECT AND FIRM NATURAL GAS STORAGE SERVICE AT FACILITY IN BEAUMONT

Retrieved on:

Dienstag, Mai 16, 2023

HOUSTON, May 16, 2023 /PRNewswire/ -- Caliche Development Partners II (Caliche or Caliche II) announced today that it is holding a non-binding Open Season.

Key Points:

HOUSTON, May 16, 2023 /PRNewswire/ -- Caliche Development Partners II (Caliche or Caliche II) announced today that it is holding a non-binding Open Season.
Injection and withdrawal rights will be limited to 600 MMcf/d per expansion cavern, totaling 1.2 Bcf/d for both expansion caverns.
Firm Storage Service made available through this Open Season is expected to support commencement of gas injections into storage in April 2026 and April 2027, respectively.
For information regarding Caliche II's Open Season or to submit non-binding bids for storage capacity, please contact Sam Wallace, VP of Commercial ( [email protected] ) or Jason Evans, Manager of Commercial Operations ( [email protected] ).

Comtech Welcomes Aarna Networks as New EVOKE Technology Partner

Retrieved on:

Donnerstag, Mai 4, 2023

May 4, 2023-- Comtech (NASDAQ: CMTL) announced today that Aarna Networks, a leading provider of network automation and orchestration solutions, will become the Company’s latest publicly revealed EVOKE technology partner.

Key Points:

May 4, 2023-- Comtech (NASDAQ: CMTL) announced today that Aarna Networks, a leading provider of network automation and orchestration solutions, will become the Company’s latest publicly revealed EVOKE technology partner.
As the fourth publicly announced EVOKE technology partner, Aarna Networks will work with Comtech to create new integrated cloud-native solutions for emerging commercial and government use cases.
“By working with Aarna Networks as an EVOKE technology partner, we will open the door to new cloud-based applications that will support the convergence of communications infrastructures and empower individuals, communities, businesses, and governments by providing access to new technologies,” said Ken Peterman, President and CEO, Comtech.
“Aarna Networks is thrilled to be an EVOKE technology partner and to integrate with Comtech’s DCP,” said Amar Kapadia, Co-founder and CEO, Aarna Networks.

DCP Midstream Reports First Quarter Results

Retrieved on:

Mittwoch, Mai 3, 2023

Partnership, Bank statement, Credit agreements in South Africa, DCP, Risk management, GAAP, Public expenditure, EBITDA, Acquisition, Investment, El Garces Intermodal Transportation Facility, Depreciation, Growth, Credit, Safety, Security (finance), Bank, Bookkeeping

DCP has a $1.4 billion senior unsecured revolving credit agreement, or the Credit Agreement, that matures on March 18, 2027.

Key Points:

DCP has a $1.4 billion senior unsecured revolving credit agreement, or the Credit Agreement, that matures on March 18, 2027.
DCP has an accounts receivable securitization facility that provides up to $350 million of borrowing capacity that matures August 12, 2024.
As of March 31, 2023, DCP had $350 million of outstanding borrowings under the accounts receivable securitization facility.
As of March 31, 2023, DCP had $4.9 billion of total consolidated principal debt outstanding.

GE HealthCare Expands Contrast Media Portfolio with Launch of MRI Agent Pixxoscan (gadobutrol)

Retrieved on:

Donnerstag, April 27, 2023

GE HealthCare has today announced the launch of Pixxoscan (gadobutrol), its macrocyclic, non-ionic Magnetic Resonance Imaging (MRI) gadolinium-based contrast agent (GBCA).

Key Points:

GE HealthCare has today announced the launch of Pixxoscan (gadobutrol), its macrocyclic, non-ionic Magnetic Resonance Imaging (MRI) gadolinium-based contrast agent (GBCA).
Pixxoscan facilitates visualization of abnormal structures or lesions and helps in the differentiation between healthy and pathological tissue.
Pixxoscan adds to GE HealthCare’s MRI contrast media portfolio which includes macrocyclic Clariscan (gadoteric acid) as well as Rapiscan, used in stress cardiac MR to aid diagnosis of coronary artery disease and offering an alternative for patients who cannot exercise.
For more than 40 years, GE HealthCare imaging agents have been routinely used across MRI, X-ray/CT and ultrasound to enhance clinical images and support diagnosis.

National Multicenter Trial Opens to Study ImmunityBio’s Tri-Ad5 Cancer Vaccines Plus N-803 to Prevent Cancer in People with Lynch Syndrome

Retrieved on:

Dienstag, April 25, 2023

This Phase 2b trial ( NCT05419011 ) sponsored by the National Cancer Institute, part of the National Institutes of Health, will study whether Tri-Ad5 in combination with N-803 works to prevent colorectal and other cancers in study participants.

Key Points:

This Phase 2b trial ( NCT05419011 ) sponsored by the National Cancer Institute, part of the National Institutes of Health, will study whether Tri-Ad5 in combination with N-803 works to prevent colorectal and other cancers in study participants.
Each of the three vaccines in Tri-Ad5 targets different proteins associated with precancer and cancer cells.
“Lynch syndrome affects tens of thousands of people each year and the average age of cancer diagnosis for them is just 44.
We hope to change that with this innovative study developed by the NCI.”
Lynch syndrome is one of the most common hereditary cancer syndromes.