Equity securities

Avantor® Announces Closing of Initial Public Offering and Concurrent Offering of Mandatory Convertible Preferred Stock and Full Exercise of Underwriters' Option to Purchase Additional Shares

Retrieved on: 
Tuesday, May 21, 2019
Financial markets, Finance, Money, Stock market, Corporate finance, Equity securities, Convertible security, Preferred stock, Stock, Ticker symbol, Series A round, Option

The Company also announced the closing of its concurrent public offering of 20,700,000 shares of its 6.250% Series A Mandatory Convertible Preferred Stock (the "Mandatory Convertible Preferred Stock") at a price to the public of $50.00 per share, including the full exercise by the underwriters of their option to purchase up to 2,700,000 additional shares of Mandatory Convertible Preferred Stock.

Key Points: 
  • The Company also announced the closing of its concurrent public offering of 20,700,000 shares of its 6.250% Series A Mandatory Convertible Preferred Stock (the "Mandatory Convertible Preferred Stock") at a price to the public of $50.00 per share, including the full exercise by the underwriters of their option to purchase up to 2,700,000 additional shares of Mandatory Convertible Preferred Stock.
  • Avantor received net proceeds of $4,237 million from the offering after deducting underwriting discounts and commissions and estimated offering expenses.
  • The Company used approximately $2,631 million of the net proceeds from both offerings to redeem all outstanding shares of its Series A Preferred Stock.
  • Avantor's common stock and Mandatory Convertible Preferred Stock are each listed on the New York Stock Exchange; Avantor's common stock trades under the ticker symbol "AVTR," while the Mandatory Convertible Preferred Stock trades under the ticker symbol "AVTR PRA."

Certent to Showcase Equity Management Solutions that Deliver Simplicity & Scale for Startups

Retrieved on: 
Tuesday, May 21, 2019
Finance, Money, Economy, Investment, Equity securities, Corporate finance, Software as a service, Software distribution, Simple agreement for future equity, Equity, Convertible bond

With Certent Equity Management SaaS, pre-IPO customers can now manage convertible debt and SAFE (Simple Agreement for Future Equity) Agreements.

Key Points: 
  • With Certent Equity Management SaaS, pre-IPO customers can now manage convertible debt and SAFE (Simple Agreement for Future Equity) Agreements.
  • In late summer 2019, Certent Equity Management solutions will support PIU (Profit Interest Units).
  • Over 3,000 equity professionals use Certent's Equity Management SaaS solutions.
  • Our advanced solutions for equity management, disclosure management, and narrative reporting help business and finance leaders improve accuracy, save time, and get more done.

Allstate Returns Cash to Shareholders through Dividends

Retrieved on: 
Tuesday, May 21, 2019
Professional services, Finance, Insurance, Finance, Money, Economy, Corporate finance, Equity securities, Stock market, Financial ratios, Dividends, Dividend, Preferred stock, Allstate, Stock

The Allstate Corporation (NYSE: ALL) announced today that its board of directors has approved common and preferred quarterly dividends.

Key Points: 
  • The Allstate Corporation (NYSE: ALL) announced today that its board of directors has approved common and preferred quarterly dividends.
  • We continue to provide strong cash returns to Allstate shareholders, said Mario Rizzo, Allstates Chief Financial Officer.
  • Allstate also declared approximately $30.7 million in aggregate dividends on five series of preferred stock for the dividend period from April 15, 2019, through July 14, 2019.
  • All the preferred dividends are payable in cash on July 15, 2019, to stockholders of record at the close of business on June 28, 2019, as follows:

Tekla Life Sciences Investors Declares Stock Distribution

Retrieved on: 
Tuesday, May 21, 2019
Professional services, Finance, Finance, Equity securities, Stock market, Economy, Financial economics, Corporate finance, Stock, New York Stock Exchange, Share, Tekla

On May 21, 2019, Tekla Life Sciences Investors declared a stock distribution of $0.37 per share.

Key Points: 
  • On May 21, 2019, Tekla Life Sciences Investors declared a stock distribution of $0.37 per share.
  • The record date for the stock distribution is May 31, 2019 and the payable date is June 28, 2019.
  • This stock distribution will automatically be paid in newly issued shares of the Fund unless otherwise instructed by the shareholder.
  • Tekla Life Sciences Investors (NYSE: HQL) is a closed-end fund that invests in public and private companies in the life sciences industry.

Tekla Healthcare Investors Declares Stock Distribution

Retrieved on: 
Tuesday, May 21, 2019
Health, Other Health, Professional services, Banking, Finance, Financial markets, Finance, Money, Equity securities, Stock market, Corporate finance, Stock, Tekla, New York Stock Exchange, Share

On May 21, 2019, Tekla Healthcare Investors declared a stock distribution of $0.45 per share.

Key Points: 
  • On May 21, 2019, Tekla Healthcare Investors declared a stock distribution of $0.45 per share.
  • The record date for the stock distribution is May 31, 2019 and the payable date is June 28, 2019.
  • This stock distribution will automatically be paid in newly issued shares of the Fund unless otherwise instructed by the shareholder.
  • Tekla Healthcare Investors (NYSE: HQH) is a closed-end fund that invests in public and private companies in the healthcare industry.

Blackhawk Resource Closes Green Room Acquisition

Retrieved on: 
Tuesday, May 21, 2019
Creative works, Equity securities, Finance, Money, Stock market, Corporate finance, Blackhawk, Share, Black Hawk, Common stock, The Miraculous Blackhawk: Freedom's Champion

CALGARY, Alberta, May 21, 2019 Blackhawk Resource Corp. (the "Corporation" or "Blackhawk") (CSE: BLR), is pleased announce it has closed the acquisition of 1202465 B.C.

Key Points: 
  • CALGARY, Alberta, May 21, 2019 Blackhawk Resource Corp. (the "Corporation" or "Blackhawk") (CSE: BLR), is pleased announce it has closed the acquisition of 1202465 B.C.
  • Blackhawk has issued 20,000,000 common shares of Blackhawkto the shareholders of the Green Room.
  • The Green Room acquisition is arm's length.Following closing of the acquisition there are 61,196,374 common shares of Blackhawk outstanding.
  • In connection with the completion of the acquisition, Transcend Capital Inc. ("Transcend")has acquired ownership and control of 10,000,000 common shares of Blackhawk, representing approximately 16.3% of the outstanding common shares.The shares were issued to Transcend in consideration for shares it held in the Green Room.Following acquisition of the shares, and when combined with its existing holdings in Blackhawk, Transcend now holds 11,261,000 common shares of Blackhawk, representing approximately 18.4% of the outstanding common shares.

Ivalua Exceeds $1B Valuation in New Funding Round to Accelerate Global Expansion & Technology Innovation

Retrieved on: 
Tuesday, May 21, 2019
Economy, Finance, Money, Ardian, Tiger Management, Investor, Entrepreneurship, Corporate finance, Equity securities

Investors in this round include Tiger Global Management, a new investor in Ivalua, and Ardian Growth, one of Ivalua's early investors who increased its overall investment level.

Key Points: 
  • Investors in this round include Tiger Global Management, a new investor in Ivalua, and Ardian Growth, one of Ivalua's early investors who increased its overall investment level.
  • Ivalua's management retains a majority stake in the company to ensure stable, long term planning and a continued focus on customers.
  • The additional funding will support future investments in organic product innovation, global expansion and possibly strategic acquisitions.
  • Laurent Foata, Head of Ardian Growth added, "We have been supporting Ivalua since 2011, at the start of their global expansion.

Spectrum Equity Announces Sale of Ethoca to Mastercard

Retrieved on: 
Tuesday, May 21, 2019
Finance, Money, Investment, Corporate finance, Equity securities, Alternative investment management companies, Private equity

BOSTONand SAN FRANCISCO, May 21, 2019 /PRNewswire/ -- Spectrum Equity , a leading growth equity firm, is pleased to announce that the previously announced acquisition of Ethoca by Mastercard has closed.

Key Points: 
  • BOSTONand SAN FRANCISCO, May 21, 2019 /PRNewswire/ -- Spectrum Equity , a leading growth equity firm, is pleased to announce that the previously announced acquisition of Ethoca by Mastercard has closed.
  • Spectrum Equity originally led a minority recapitalization of Ethoca in May of 2015 to partner with the management team to accelerate revenue growth through direct and partnership channels and to support product innovation.
  • We wish the team much continued success going forward," said Chris Mitchell, Spectrum Equity managing director.
  • Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy.

KCS Holds Annual Meeting of Stockholders, Elects Nine Directors and Announces Preferred and Common Dividends

Retrieved on: 
Monday, May 20, 2019
Transport, Air, Maritime, Rail, Trucking, Financial markets, Finance, Money, Equity securities, Corporate finance, Stock market, Dividend, Preferred stock, Kansas City Southern, Common stock, Stock, Share

Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of Stockholders on May 17, 2019 in Shreveport, Louisiana.

Key Points: 
  • Kansas City Southern (KCS) (NYSE:KSU) held its Annual Meeting of Stockholders on May 17, 2019 in Shreveport, Louisiana.
  • In addition, at their meeting today, the Board of Directors declared a regular dividend of $0.25 per share on the outstanding KCS 4% Non-Cumulative Preferred stock.
  • This dividend is payable on July 2, 2019, to stockholders of record at the close of business on June 10, 2019.
  • The Board of Directors also declared a regular dividend of $0.36 per share on the outstanding KCS common stock.

Dillard’s, Inc. Announces $0.10 Cash Dividend

Retrieved on: 
Monday, May 20, 2019
Department Stores, Retail, Financial markets, Finance, Money, Stock market, Equity securities, Corporate finance, Shareholders, New York Stock Exchange, Common stock, Stock, Dividends

Dillards, Inc. (NYSE: DDS) (the Company or Dillards) announced that the Board of Directors declared a cash dividend of $0.10 per share on the Class A and Class B Common Stock of the Company payable August 5, 2019 to shareholders of record as of June 28, 2019.

Key Points: 
  • Dillards, Inc. (NYSE: DDS) (the Company or Dillards) announced that the Board of Directors declared a cash dividend of $0.10 per share on the Class A and Class B Common Stock of the Company payable August 5, 2019 to shareholders of record as of June 28, 2019.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20190520005792/en/