Mergers and acquisitions

Citigroup Chief Financial Officer Mark Mason to Present at the 2020 Morgan Stanley US Financials Conference

Banking, Professional services, Finance, Companies, Economy of New York City, Citigroup, Midtown Manhattan, Subprime mortgage crisis, LinkedIn, Mergers and acquisitions
Wednesday, June 3, 2020 - 9:15pm

Mark Mason, Chief Financial Officer of Citigroup, will present on Wednesday, June 10, 2020.

Key Points: 

Global Aerospace Raw Materials Market Assessment: Trends, Forecasts, Competitive Analyses and Growth Opportunities (2020-2025) - ResearchAndMarkets.com

Technology, Air, Hardware, Transport, Aerospace manufacturer, Aircraft industry, Mergers and acquisitions, Economy, Business, Articles
Wednesday, June 3, 2020 - 1:56pm

Some of the raw materials have witnessed a remarkable journey in the aerospace industry over the eons.

Key Points: 
  • Some of the raw materials have witnessed a remarkable journey in the aerospace industry over the eons.
  • The aerospace raw materials market is gradually heading towards consolidation as the industry recorded good number of mergers & acquisitions to tap growing opportunities in this briskly expanding market.
  • In terms of regions, North America is expected to remain the largest market for aerospace raw materials during the forecast period.
  • All the major raw material suppliers have different growth strategies based on their synergies, product portfolio, market reach, geographical presence, and market positioning.

Forum Merger II Corporation Provides Transaction Update

Corporate finance, Economy, SEC filings, Corporations, Finance, Shareholders, Private equity, Special-purpose acquisition company, Proxy statement, Proxy, Mergers and acquisitions
Wednesday, June 3, 2020 - 1:00pm

Accordingly, there can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated.

Key Points: 
  • Accordingly, there can be no assurance that a definitive agreement will be entered into or that the proposed transaction will be consummated.
  • Forum Merger II Corporation is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
  • The definitive Transaction Proxy Statement will be mailed to stockholders of the Company as of a record date to be established for voting on the proposed transaction.
  • Stockholders will also be able to obtain copies of the Extension Proxy Statement and the Transaction Proxy Statement, without charge, once available, at the SEC's website at www.sec.gov or by directing a request to: Forum Merger II Corporation, 1615 South Congress Avenue, Suite 103, Delray Beach, FL 33445.

Exxe Group Inc. Announces Public Spin-off Strategy to Create Value for Shareholders

Corporate finance, Sarbanes–Oxley Act, Economy, Business, Audit, Public Company Accounting Oversight Board, Mergers and acquisitions
Tuesday, June 2, 2020 - 8:53pm

To execute this strategy to complete effectiveness, Exxe Group plans to have each prospective pubco target complete audits in compliance with PCAOB standards.

Key Points: 
  • To execute this strategy to complete effectiveness, Exxe Group plans to have each prospective pubco target complete audits in compliance with PCAOB standards.
  • To deliver the greatest value to shareholders, we have lined up an institutional buyer for the first asset which will raise capital for Exxe to fund future acquisitions.
  • This unlocks growth value with new capital and allows potential for shareholders to benefit in more than one way.
  • Exxe Group is a diversified corporation focusing on acquisitions in the following sectors: real estate, sustainable technology, media, agribusiness, and financial services.

Alta Equipment Group Acquires PeakLogix, a Material Handling Solutions Provider and Systems Innovator

Supply chain management, Data management, Other Construction & Property, Technology, Construction & Property, Other Manufacturing, Retail, Trucking, Transport, Other Technology, Manufacturing, Logistics, Supply chain management, Alta, Government procurement in the United States, Mergers and acquisitions, Economy, Business
Tuesday, June 2, 2020 - 1:30pm

Alta Equipment Group Inc. (NYSE: ALTG) today announced that it has entered into a definitive agreement to acquire PeakLogix, a national material handling systems integrator located in Midlothian, Virginia.

Key Points: 
  • Alta Equipment Group Inc. (NYSE: ALTG) today announced that it has entered into a definitive agreement to acquire PeakLogix, a national material handling systems integrator located in Midlothian, Virginia.
  • Ryan Greenawalt, Chief Executive Officer of Alta, said, The PeakLogix acquisition is a great strategic fit for Alta.
  • The transaction is consistent with our strategy to grow our materials handling business, expand our geographic footprint and increase profitability through accretive acquisitions.
  • About Alta Equipment Group Inc.
    Alta owns and operates one of the largest integrated equipment dealership platforms in the U.S.

Enstar Completes ADC Transaction With Aspen

Economy, Finance, Money, Types of insurance, Actuarial science, Reinsurance, Insurance, Mergers and acquisitions
Monday, June 1, 2020 - 10:15pm

HAMILTON, Bermuda, June 01, 2020 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has completed an adverse development cover reinsurance transaction with Aspen Insurance Holdings Limited.

Key Points: 
  • HAMILTON, Bermuda, June 01, 2020 (GLOBE NEWSWIRE) -- Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has completed an adverse development cover reinsurance transaction with Aspen Insurance Holdings Limited.
  • In the transaction, Enstars subsidiary assumed reinsurance losses incurred on or prior to December 31, 2019 on a diversified mix of property, liability and specialty lines across the U.S., U.K. and Europe for a premium of $770 million.
  • Completion of the transaction followed receipt of regulatory approvals and satisfaction of various other closing conditions.
  • Enstar is a market leader in completing legacy acquisitions, having acquired over 100 companies and portfolios since its formation in 2001.

Era Group Announces Board Approval of Reverse Stock Split

Corporate finance, Financial economics, Stock market, Finance, Economy, Equity securities, Reverse stock split, Common stock, Stock, Mergers and acquisitions
Monday, June 1, 2020 - 9:45pm

HOUSTON, June 01, 2020 (GLOBE NEWSWIRE) -- Era Group Inc. (NYSE:ERA) (Era) announced today that on June 1, 2020, the Board of Directors of Era (the Board) approved an amendment to the Amended and Restated Certificate of Incorporation of Era to effect a reverse stock split of the issued and outstanding shares of common stock of Era in connection with the consummation of the proposed merger transaction involving Era and Bristow Group Inc. (Bristow), (the Reverse Stock Split).

Key Points: 
  • HOUSTON, June 01, 2020 (GLOBE NEWSWIRE) -- Era Group Inc. (NYSE:ERA) (Era) announced today that on June 1, 2020, the Board of Directors of Era (the Board) approved an amendment to the Amended and Restated Certificate of Incorporation of Era to effect a reverse stock split of the issued and outstanding shares of common stock of Era in connection with the consummation of the proposed merger transaction involving Era and Bristow Group Inc. (Bristow), (the Reverse Stock Split).
  • The approval of the Reverse Stock Split by the Board follows the Boards careful evaluation of whether or not to effectuate the Reverse Stock Split, which involved consultation with Eras management and outside advisors and Bristow.
  • If the Reverse Stock Split is effected, the shares of common stock of Era outstanding immediately prior to the effectiveness of the Reverse Stock Split would be reclassified into a smaller number of shares such that a stockholder of Era will own one share of common stock of Era for each three shares of common stock of Era held by that stockholder immediately prior to the effectiveness of the Reverse Stock Split.
  • The Reverse Stock Split is subject to (i) Era obtaining the requisite approval of the stockholders of Era and (ii) the consummation of the proposed merger transaction involving Era and Bristow.

Eldorado Resorts to Reopen Three Missouri Casinos and Two Iowa Casinos Today

Casino, Gaming, Entertainment, Lodging, Travel, Companies, Mergers and acquisitions, Economy of the United States, Eldorado Resorts, IOWA, Isle of Capri Casinos, Gaming and Leisure Properties
Monday, June 1, 2020 - 1:30pm

With todays reopenings in Missouri and Iowa, 11 of Eldorados 23 casino entertainment facilities have resumed operations following the suspension of operations in March.

Key Points: 
  • With todays reopenings in Missouri and Iowa, 11 of Eldorados 23 casino entertainment facilities have resumed operations following the suspension of operations in March.
  • With our recent successful property reopenings in Louisiana and Mississippi, we are extremely excited to reopen our doors at five properties in Missouri and Iowa this morning.
  • Eldorado has developed a comprehensive list of health and safety protocols which are being implemented in Louisiana, Mississippi, Missouri, Iowa and other gaming markets where it has operations as they reopen.
  • For more information, please visit www.eldoradoresorts.com/health-and-safety
    Eldorado Resorts is a leading casino entertainment company that owns and operates twenty-three properties in eleven states, including Colorado, Florida, Illinois, Indiana, Iowa, Louisiana, Mississippi, Missouri, Nevada, New Jersey, and Ohio.

Cancer Genetics Reports Fourth Quarter and Full Year 2019 Financial Results and Provides Strategic Business Updates

Corporate finance, Human resource management, Mergers and acquisitions
Monday, June 1, 2020 - 1:00pm

Continuing to evaluate potential strategic options including collaborations, mergers or acquisitions, or other strategic transactions.

Key Points: 
  • Continuing to evaluate potential strategic options including collaborations, mergers or acquisitions, or other strategic transactions.
  • The reduction of debt, inflow of cash, and transition toward leaner operations makes Cancer Genetics a nimbler company.
  • Gross profit increased to $0.8 million or 43.4% in the fourth quarter of 2019, compared to $0.7 million or 44.0% in the fourth quarter of 2018.
  • Total operating expenses for the fourth quarter of 2019 were approximately $0.9 million, a decrease of approximately 66% compared to $2.5 million during the fourth quarter of 2018.

AGF Management Limited (AGF) Provides Update on Smith & Williamson Prospective Merger

Corporate finance, Human resource management, Mergers and acquisitions, Draft:AGF Management Limited
Monday, June 1, 2020 - 7:00am

We are pleased with the revised structure of the proposed merger, which allows us to realize the value of our long-term investment in Smith & Williamson.

Key Points: 
  • We are pleased with the revised structure of the proposed merger, which allows us to realize the value of our long-term investment in Smith & Williamson.
  • The revised transaction structure will require approval by the relevant regulators, antitrust authorities and Smith & Williamson shareholders.
  • Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm.
  • With over $36 billion in total assets under management, AGF serves more than one million investors.