Mergers and acquisitions

The NYBB Group Joins New Global M&A Alliance

Business, Articles, Economy, Corporate finance, Human resource management, Mergers and acquisitions, Entrepreneurship
Wednesday, August 12, 2020 - 12:00pm

The Alliance is dedicated to facilitating the success of its members through access to global industry experts, tools, content, best practices and enhanced buyer and seller reach.

Key Points: 
  • The Alliance is dedicated to facilitating the success of its members through access to global industry experts, tools, content, best practices and enhanced buyer and seller reach.
  • The NYBB Group has been Leading the Way in mergers and acquisitions since 2003a period characterized by several major economic crises.
  • "From Day One, our goal has been to serve with the utmost integrity, professionalism, and confidentiality," said Anthony Citrolo, Managing Partner of The NYBB Group.
  • The NYBB Group has been "leading the way" for entrepreneurs and small businesses since its founding in 2003.

Exxe Group Announces Formation of Multi-Million Dollar FinTech Trading Services Operation

Articles, Environmentalism, Sustainability, Mergers and acquisitions, Economy
Wednesday, August 12, 2020 - 12:00pm

Eduard Nazmiev, PhD, CEO of Exxe Group, said: "Our goals withAXXAInvestare to provide easier access to projects and capital and reduce consumer costs by leveraging the transformative characteristics of real estate market technology.

Key Points: 
  • Eduard Nazmiev, PhD, CEO of Exxe Group, said: "Our goals withAXXAInvestare to provide easier access to projects and capital and reduce consumer costs by leveraging the transformative characteristics of real estate market technology.
  • We believeAXXAInvestwill emerge as a leading platform of choice as our service offering is better than comparable services currently on the market."
  • In addition, as part of the deal, Exxe Group committed substantial capital for marketing and business development to grow the platform.
  • Exxe Group is a diversified corporation focusing on acquisitions in the following sectors: real estate, sustainable technology, media, agribusiness, and financial services.

NATIONAL GENERAL ALERT: Bragar Eagel & Squire, P.C. Reminds Investors of its Investigation of the Sale of NGHC and Encourages Investors to Contact the Firm

Legal, Professional services, Airlines, Aviation, Corporate finance, American Airlines Group, Aviation in Virginia, US Airways, Dividend, Mergers and acquisitions
Wednesday, August 12, 2020 - 3:03am

On July 8, 2020, National General announced that it had signed an agreement to be acquired by Allstate for approximately $4 billion.

Key Points: 
  • On July 8, 2020, National General announced that it had signed an agreement to be acquired by Allstate for approximately $4 billion.
  • Pursuant to the merger agreement, National Generals stockholders will receive $32 in cash plus an expected closing dividend of $2.50 in cash for each share of National General common stock owned.
  • Bragar Eagel & Squire is concerned that National Generals board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price.
  • Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for National Generals stockholders.

VAST Receives "2020 Top Growth Regional Business Partner Award" for the Americas from Veritas Technologies

Veritas Technologies, Mergers and acquisitions, Cision, Cloud management, Veritas, Cloud computing, Investment, Finance
Tuesday, August 11, 2020 - 11:00pm

DOWNERS GROVE, Ill., Aug. 11, 2020 /PRNewswire-PRWeb/ --VAST, a leader in IT services and cloud management solutions, announced today they have been designated the "Top Growth Regional Business Partner" in Veritas Technologies' 2020 Partner Awards for the Americas Veritas is a global leader in data protection and availability.

Key Points: 
  • DOWNERS GROVE, Ill., Aug. 11, 2020 /PRNewswire-PRWeb/ --VAST, a leader in IT services and cloud management solutions, announced today they have been designated the "Top Growth Regional Business Partner" in Veritas Technologies' 2020 Partner Awards for the Americas Veritas is a global leader in data protection and availability.
  • Criteria include overall regional performance in revenue growth, program adoption, excellence in technical innovation and strategic implementation of Veritas solutions.
  • VAST has been a Veritas Partner for more than two decades, driving growth year-over-year and consistently delivering high quality services to its customers.
  • The company provides support for Veritas solutions and serves its customer base through various managed service and professional service offerings.

TFI International Announces Offering of Common Shares in the United States and Canada

Articles, Business, Saint-Laurent, Quebec, TFI International, Economy, TFI, Logistics, Mergers and acquisitions, Subsidiary
Tuesday, August 11, 2020 - 9:45pm

TFI International may use the credit facility in the future for general corporate purposes, including acquisitions.

Key Points: 
  • TFI International may use the credit facility in the future for general corporate purposes, including acquisitions.
  • TFI International Inc. is a North American leader in the transportation and logistics industry, operating across the UnitedStates, Canada and Mexico through its subsidiaries.
  • TFI International creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned operating subsidiaries.
  • Under the TFI International umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency.

NET ELEMENT, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Merger

Mullen Technologies, Corporate finance, Fiduciary, Mergers and acquisitions, Economy, Articles, Business
Tuesday, August 11, 2020 - 6:01pm

announces that it is investigating Net Element, Inc. (Net Element) (NASDAQ CM: NETE ) regarding possible breaches of fiduciary duties and other violations of law related to Net Elements agreement to merge with Mullen Technologies, Inc (Mullen).

Key Points: 
  • announces that it is investigating Net Element, Inc. (Net Element) (NASDAQ CM: NETE ) regarding possible breaches of fiduciary duties and other violations of law related to Net Elements agreement to merge with Mullen Technologies, Inc (Mullen).
  • Under the terms of the agreement, following the merger, Net Element shareholders will own approximately 15% of the combined company and Mullen shareholders will own approximately 85% of the combined company.
  • To learn more about this investigation and your rights, visit: https://www.rigrodskylong.com/cases-net-element-inc .
  • If you would like to discuss this investigation and your rights cost and obligation free, please contact Seth D. Rigrodsky or Gina M. Serra toll free at (888) 969-4242 or by e-mail at info@rl-legal.com .

Holicity Inc. Announces Closing of IPO Over-Allotment Option

Technology, Other Professional Services, Professional services, Other Technology, Corporate finance, Finance, Financial markets, Financial economics, Stock market, Private equity, Special-purpose acquisition company, Greenshoe, Initial public offering, Underwriting, Offering, Mergers and acquisitions
Tuesday, August 11, 2020 - 5:21pm

Holicity Inc. (the Company) announced the closing of the issuance of an additional 2,500,000 units pursuant to the partial exercise of the underwriters over-allotment option in connection with the Companys initial public offering.

Key Points: 
  • Holicity Inc. (the Company) announced the closing of the issuance of an additional 2,500,000 units pursuant to the partial exercise of the underwriters over-allotment option in connection with the Companys initial public offering.
  • The additional units were sold at the initial offering price of $10.00 per unit, generating additional gross proceeds of $25,000,000 to the Company and bringing the total gross proceeds of the initial public offering to $300,000,000.
  • Holicity Inc. is a blank check company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
  • The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

ZOOM+Care Welcomes Chief People Officer Karleen Mussman

Corporate finance, Human resource management, Mergers and acquisitions
Tuesday, August 11, 2020 - 3:00pm

Karleen Mussman will take on the newly created Chief People Officer role.

Key Points: 
  • Karleen Mussman will take on the newly created Chief People Officer role.
  • Mussman will lead the company's human resources efforts, focusing on talent acquisition, organizational development, inclusion, equity, and belonging, and more.
  • Mussman has been instrumental in growing companies both organically and through mergers and acquisitions for nearly three decades.
  • "During this time of strategic growth, the well being and satisfaction of our team is a critical part of our success," said Torben Nielsen, ZOOM+Care's Chief Executive Officer.

Booksy, the biggest appointment app in the beauty industry, is merging with GoPanache

Universal Kids, Mergers and acquisitions
Tuesday, August 11, 2020 - 2:24pm

Effective Monday, August 3rd, the merged businesses will officially operate under the Booksy brand, while GoPanache service providers will be invited over to the Booksy platform over the coming months.

Key Points: 
  • Effective Monday, August 3rd, the merged businesses will officially operate under the Booksy brand, while GoPanache service providers will be invited over to the Booksy platform over the coming months.
  • "GoPanache was one of our most inspiring rivals.
  • The merger allows us to strengthen our position in the market and to continue to push for rapid growth.
  • GoPanache founder Neal Flowers is eager to see what new opportunities will sprout for the industry through this new team.

Candente Copper Corp. Adopts Shareholder Rights Plan and Miguel Inchaustegui Departs from Cañariaco Copper Peru S.A.

Corporate finance, Shareholder rights plan, Economy, Takeover, Articles, Mergers and acquisitions, Business
Tuesday, August 11, 2020 - 1:00pm

We thank Mr. Inchaustegui for all of his excellent advice and wish him all the best in his new endeavours.

Key Points: 
  • We thank Mr. Inchaustegui for all of his excellent advice and wish him all the best in his new endeavours.
  • Shareholder rights plans are designed to prevent this occurrence by forcing all acquisitions of control into a public offer mode.
  • The Company is not proposing the Rights Plan in response to or in anticipation of any acquisition or takeover bid.
  • The Rights Plan is subject to Toronto Stock Exchange and Shareholder approval at the upcoming Annual General Meeting on September 17th, 2020.