Citigroup

Bristol Myers Squibb Completes Acquisition of PureTech's Founded Entity Karuna Therapeutics for $14 Billion

Retrieved on: 
Monday, March 18, 2024
Mental Health, Health, Neurology, Clinical Trials, Pharmaceutical, Biotechnology, BMY, Psychosis, Bristol Myers Squibb, Citigroup, Growth, Schizophrenia, KarXT, Goldman Sachs, EPS, Patient, Neuroscience, Simpson Thacher & Bartlett, Acquisition, BMS, LLP, PRTC, Therapy, GAAP, Covington & Burling, Psychiatry, Bipolar I disorder, PDUFA, Pharmaceutical industry

The full text of the announcement from Bristol Myers Squibb is as follows:

Key Points: 
  • The full text of the announcement from Bristol Myers Squibb is as follows:
    Bristol Myers Squibb Completes Acquisition of Karuna Therapeutics, Strengthening Neuroscience
    PRINCETON, N.J.-- Bristol Myers Squibb (NYSE: BMY) today announced that it has successfully completed its acquisition of Karuna Therapeutics, Inc. (“Karuna”).
  • With the acquisition's completion, Karuna shares have ceased trading on the Nasdaq Global Select Market and Karuna is now a wholly owned subsidiary of Bristol Myers Squibb (“BMS”).
  • “We are excited to expand our neuroscience portfolio as we welcome Karuna to Bristol Myers Squibb,” said Chris Boerner, Ph.D., Chief Executive Officer, Bristol Myers Squibb.
  • Gordon Dyal & Co. and Citi are serving as financial advisors to Bristol Myers Squibb, and Covington & Burling LLP is serving as legal counsel.

VICI Properties Announces Closing of $1.05 Billion Senior Unsecured Notes Offering

Retrieved on: 
Monday, March 18, 2024
Finance, Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Citigroup, BofA Securities, Database, 3rd Floor, J. P. Morgan, Madison Avenue, Goldman Sachs, Wells Fargo, BNP PARIBAS, Telephone, EDGAR, Sale, Scotiabank, Attention, VICI, Vici Properties, Security (finance), Prospectus, Morgan Stanley, Suite, Note, Mizuho, Issuer, KeyBank, ATTN:, Deutsche Bank, Barclays

VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that its subsidiary, VICI Properties L.P. (the “Issuer”), has completed its public offering of $1.05 billion in aggregate principal amount of senior unsecured notes (the “Notes”) consisting of:

Key Points: 
  • VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or the “Company”) announced today that its subsidiary, VICI Properties L.P. (the “Issuer”), has completed its public offering of $1.05 billion in aggregate principal amount of senior unsecured notes (the “Notes”) consisting of:
    $550 million aggregate principal amount of 5.750% senior unsecured notes due 2034 (the “2034 Notes”).
  • $500 million aggregate principal amount of 6.125% senior unsecured notes due 2054 (the “2054 Notes”).
  • The Issuer intends to use the net proceeds from the offering to repay its outstanding (i) $1,024.2 million in aggregate principal amount of 5.625% senior exchange notes due 2024 and (ii) $25.8 million in aggregate principal amount of 5.625% senior notes due 2024.
  • Capital One Securities, Mizuho and SMBC Nikko acted as senior co-managers for the offering, and Keybanc Capital Markets and Raymond James acted as co-managers for the offering.

Dril-Quip and Innovex to Combine Creating Unique Energy Industrial Platform

Retrieved on: 
Monday, March 18, 2024
Other Manufacturing, Consulting, Engineering, Oil, Gas, Professional Services, Manufacturing, Alternative Energy, Energy, Asset Management, Great North, Citigroup, Growth, Goldman Sachs, Morgan Stanley, Security (finance), Gibson Dunn, Piper Sandler Companies, Marketing, Central Time

Leverage Dril-Quip’s leading subsea expertise, brand name and customer relationships to facilitate further market penetration of Innovex’s existing deepwater well construction portfolio.

Key Points: 
  • Leverage Dril-Quip’s leading subsea expertise, brand name and customer relationships to facilitate further market penetration of Innovex’s existing deepwater well construction portfolio.
  • Increase the company’s global scale and footprint across several growing markets (including Saudi Arabia, Mexico, South America and the Asia Pacific region).
  • Kendal Reed, current Chief Financial Officer of Innovex, will serve as Chief Financial Officer of the combined company.
  • The remainder of the combined company’s leadership team is expected to include executives from both Dril-Quip and Innovex.

Macy’s, Inc. Nominates Douglas W. Sesler for Election to Board of Directors

Retrieved on: 
Thursday, March 14, 2024
Other Retail, Commercial Building & Real Estate, Construction & Property, REIT, Luxury, Professional Services, Department Stores, Fashion, Asset Management, Retail, Finance, Citigroup, Real estate, Growth, Knowledge, Bank, Annual general meeting, Head, Investment, Chemical Bank, BofA Securities, Management

Macy’s, Inc. (NYSE: M) today announced the nomination of Douglas W. Sesler, Founder and President of Fair Street Partners, to stand for election to the Company’s Board of Directors (the “Board”) at the 2024 Annual Meeting of Shareholders (the “Annual Meeting”).

Key Points: 
  • Macy’s, Inc. (NYSE: M) today announced the nomination of Douglas W. Sesler, Founder and President of Fair Street Partners, to stand for election to the Company’s Board of Directors (the “Board”) at the 2024 Annual Meeting of Shareholders (the “Annual Meeting”).
  • Sesler is a seasoned real estate industry executive with more than 35 years of experience across real estate advisory, investing and finance.
  • Blake has chaired the Board’s Compensation and Management Development Committee and has served as Chair of the Board’s Finance Committee since 2021.
  • We are confident his perspectives will be an asset as the company continues its efforts to deliver sustainable, profitable growth.”

Pagaya Announces Pricing of 7,500,000 Class A Ordinary Shares

Retrieved on: 
Thursday, March 14, 2024
Software, Internet, Professional Services, Fintech, Data Management, Payments, Technology, Artificial Intelligence, Security, Other Professional Services, Finance, Other Technology, Citigroup, Growth, Madison Avenue, Offering, Intelligence, Form, Telephone, Sale, Security (finance), Prospectus, Broadridge Financial Solutions, Jefferies, Jefferies Group, ATTN:, Keefe, Bruyette & Woods

Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya,” the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced that it has priced an underwritten public offering (the “Offering”) of 7,500,000 Class A ordinary shares, no par value (“Class A Ordinary Shares”) at a public offering price of $12.70.

Key Points: 
  • Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya,” the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced that it has priced an underwritten public offering (the “Offering”) of 7,500,000 Class A ordinary shares, no par value (“Class A Ordinary Shares”) at a public offering price of $12.70.
  • The Company granted the underwriters a 30-day option to purchase up to 1,125,000 additional Class A Ordinary Shares.
  • The gross proceeds to the Company from the Offering are expected to be approximately $95 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.
  • The Offering is expected to close on March 18, 2024, subject to market and other conditions.

Kinetik Announces Pricing of Secondary Offering of Common Stock

Retrieved on: 
Thursday, March 14, 2024
Energy, Other Energy, Oil, Gas, Citigroup, BofA Securities, Mizuho Securities, TD Securities, 3rd Floor, J. P. Morgan, APA Corporation, Offering, Goldman Sachs, KNTK, Telephone, Sale, News, Scotiabank, Prospectus, Morgan Stanley, Broadridge Financial Solutions, File, HSBC, MUFG, ATTN:, RBC Capital Markets, Security (finance)

Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the pricing of an underwritten secondary offering of 11,373,801 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation, at a price of $33.75 per share.

Key Points: 
  • Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the pricing of an underwritten secondary offering of 11,373,801 shares of its Class A common stock (the “Offering”) by Apache Midstream LLC (the “Selling Stockholder”), a subsidiary of Apache Corporation, at a price of $33.75 per share.
  • Kinetik is not selling any shares of Class A common stock in the Offering and will not receive the proceeds from any sale of shares by the Selling Stockholder.
  • The Selling Stockholder has granted to the underwriters a 30-day option to purchase up to an additional 1,706,070 shares of Kinetik’s Class A common stock.
  • In connection with the Offering, the Company’s Chief Executive Officer has agreed to purchase an aggregate of 14,814 shares of Class A common stock from the underwriters at the public offering price.

Auna Announces Launch of Initial Public Offering

Retrieved on: 
Thursday, March 14, 2024
Health, Hospitals, Other Health, Health Insurance, Managed Care, General Health, Citigroup, J. P. Morgan, Madison Avenue, Form, Telephone, Morgan Stanley, Sale, Lexington Avenue, Prospectus, BTG Pactual, Auna, HSBC, Varick Street, 2nd Floor, J.P. Morgan & Co., Security (finance)

Auna S.A. (“Auna”) today announced that it has launched its initial public offering of 30,000,000 class A ordinary shares (“class A shares”), pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (“SEC”).

Key Points: 
  • Auna S.A. (“Auna”) today announced that it has launched its initial public offering of 30,000,000 class A ordinary shares (“class A shares”), pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (“SEC”).
  • Auna is seeking to raise approximately US$420.0 million based on the mid-point of the price range for the offering which is between US$13.00 and US$15.00 per class A share.
  • The class A shares are expected to be listed on the New York Stock Exchange under the ticker symbol “AUNA”.
  • In connection with the offering, Auna expects to grant to the underwriters a 30-day option to purchase up to an additional 4,500,000 class A shares at the initial public offering price.

Pagaya Announces Public Offering of Class A Ordinary Shares

Retrieved on: 
Wednesday, March 13, 2024
Technology, Finance, Security, Other Technology, Professional Services, Software, Internet, Data Management, Artificial Intelligence, Other Professional Services, Citigroup, Growth, Madison Avenue, Offering, Intelligence, Form, Telephone, Sale, Security (finance), Prospectus, Broadridge Financial Solutions, Jefferies, Jefferies Group, ATTN:, Keefe, Bruyette & Woods

Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya,” the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced that it has commenced an underwritten public offering (the “Offering”) of 6,500,000 Class A ordinary shares, no par value (“Class A Ordinary Shares”).

Key Points: 
  • Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya,” the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced that it has commenced an underwritten public offering (the “Offering”) of 6,500,000 Class A ordinary shares, no par value (“Class A Ordinary Shares”).
  • The Company intends to grant the underwriters a 30-day option to purchase up to 975,000 additional Class A Ordinary Shares.
  • The Company intends to use the net proceeds from the Offering for general corporate purposes and to support future growth, which may include working capital expenses and associated investments.
  • The Offering will be made only by means of a prospectus supplement and the accompanying prospectus.

Essential Properties Realty Trust, Inc. Announces Pricing of Upsized Public Offering of Common Stock

Retrieved on: 
Tuesday, March 12, 2024
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Stifel, Floor, Citigroup, BofA Securities, Mizuho Securities, TD Securities, Database, 3rd Floor, Exercise, Goldman Sachs, Wells Fargo, BNP PARIBAS, Partnership, Telephone, EDGAR, BNP, Sale, Scotiabank, Security (finance), Prospectus, Investment, BMO Capital Markets, Equity capital markets, ATTN:

Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today the pricing of an underwritten public offering of 9,000,000 shares of its common stock, all of which are being offered in connection with the forward sale agreements described below, at a public offering price of $24.75 per share.

Key Points: 
  • Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today the pricing of an underwritten public offering of 9,000,000 shares of its common stock, all of which are being offered in connection with the forward sale agreements described below, at a public offering price of $24.75 per share.
  • The offering was upsized from the previously announced offering size of 8,000,000 shares of common stock, and the offering is expected to close on March 14, 2024, subject to customary closing conditions.
  • BofA Securities, Wells Fargo Securities, Truist Securities and Mizuho are acting as the joint book-running managers for the offering.
  • BMO Capital Markets, TD Securities, Barclays, Capital One Securities, Citigroup and Goldman Sachs & Co. LLC are acting as the book-running managers of the offering.

Richard Petretti joins Schimenti as Director of Estimating to Lead Firmwide Cost & Estimating Strategies

Retrieved on: 
Thursday, April 4, 2024
Bank of America, Citigroup, Growth, Apple, Construction, Lucid Motors, JPMorgan Chase, Bank, Volunteering, Rich

NEW YORK, April 4, 2024 /PRNewswire/ -- Richard Petretti, a recognized estimating and cost analysis leader in the construction industry, has joined Schimenti as Director of Estimating.

Key Points: 
  • NEW YORK, April 4, 2024 /PRNewswire/ -- Richard Petretti, a recognized estimating and cost analysis leader in the construction industry, has joined Schimenti as Director of Estimating.
  • Richard Petretti joins Schimenti Construction as Director of Estimating to lead firmwide cost & estimating strategies.
  • I will focus on enhancing preconstruction and cost management strategies, aligning with the company's commitment to growth and excellence.
  • I'm committed to leading the estimating department's success, ensuring we consistently deliver outstanding value to our clients."