United States corporate law

MITER Brands Completes Acquisition of PGT Innovations, Inc.

Retrieved on: 
Thursday, March 28, 2024
Home Goods, Construction & Property, Other Manufacturing, Finance, Building Systems, Professional Services, Manufacturing, Retail, Simpson Thacher & Bartlett, United States corporate law, Acquisition, LLP, Koch Industries, PGTI, Gibson Dunn, RBC Capital Markets, Financial services

PGT Innovations, Inc. (“PGTI” or the “Company”) (NYSE: PGTI) today announced that MIWD Holding Company LLC (“MITER Brands”) completed the acquisition of PGTI.

Key Points: 
  • PGT Innovations, Inc. (“PGTI” or the “Company”) (NYSE: PGTI) today announced that MIWD Holding Company LLC (“MITER Brands”) completed the acquisition of PGTI.
  • With the completion of the acquisition, PGTI's common stock has ceased trading and will no longer be listed on the NYSE.
  • KeyBanc Capital Markets Inc. and RBC Capital Markets acted as financial advisors and provided committed debt financing to MITER Brands.
  • Stinson LLP acted as legal counsel and Simpson Thacher & Bartlett LLP acted as debt financing counsel to MITER Brands.

Japanese AI Safety Innovator Launches in the US to Enhance Public Safety

Retrieved on: 
Thursday, March 7, 2024
United States corporate law, Internet, Parent, Communication, System, Safety, COVID-19, GPS, Pew Research Center, Good, Child, Accident, Music, Ageing, Mobile phone

The annual number of missing children in the United States is a serious concern, with approximately 28,000 reported cases in 2022.

Key Points: 
  • The annual number of missing children in the United States is a serious concern, with approximately 28,000 reported cases in 2022.
  • BoT Talk, an "AI monitoring communicator" revolutionizing child safety, is acclaimed for its innovative design, having won awards like the Good Design Award Best 100, Reddot design, and iF design.
  • Visitors to their booth will have the opportunity to delve into the critical issue of child safety (public safety) in America and explore the solutions offered by BoT Talk from Japan.
  • "As the founder comments, the BoT series, born from the founder's parental care, has become Japan's leading child monitoring service, aiming to provide universal safety.

Streamba Unveils Supply Chain Solution with Shell's Inventory Optimization Technology Application

Retrieved on: 
Monday, March 4, 2024
United States corporate law, Nervous system, GM, Supply, History, Shell, Software as a service, Shell plc, Partnership

GLASGOW, Scotland, March 4, 2024 /PRNewswire-PRWeb/ -- Supply Chain Software-as-a-Service (SaaS) business, Streamba, is excited to announce a licensing agreement for Shell's Inventory Optimization Technology Application. Already servicing 80% of their assets globally, this technology has helped Shell reduce material and equipment redundancy. Streamba will now take this solution to the open market, as part of its Supply Chain and Logistics platform, VOR, named after the Norse goddess of wisdom.

Key Points: 
  • GLASGOW, Scotland, March 4, 2024 /PRNewswire-PRWeb/ -- Supply Chain Software-as-a-Service (SaaS) business, Streamba, is excited to announce a licensing agreement for Shell's Inventory Optimization Technology Application.
  • "We are thrilled to collaborate with Shell to commercialise their Inventory Optimization Technology Application, helping businesses navigate the challenges facing global supply chains."
  • Making Shell's Inventory Optimization Technology Application available on Streamba's VOR platform broadens visibility within the complex supply chain underpinning major capital projects.
  • "We are thrilled to collaborate with Shell to commercialise their Inventory Optimization Technology Application," said Steven Calder, CEO of Streamba.

Red Door Capital Partners increases their ownership in Adapt Ideations Global PTE LTD ("Adapt"), a technology company in global logistics, data intelligence and supply chain management.

Retrieved on: 
Tuesday, February 27, 2024
United States corporate law, Senior, ADAPT, Chemical oxygen demand, Internet of things, Entrepreneurship, Interim, DHL, Consultant, Software as a service, Ai, Partner (business rank), PwC, Trust, CO, Internet, KPMG, Partnership, Management

Adapt Ideations specializes in providing innovative supply chain and logistics solutions to the Cold Chain and a variety of other industry sectors.

Key Points: 
  • Adapt Ideations specializes in providing innovative supply chain and logistics solutions to the Cold Chain and a variety of other industry sectors.
  • They offer a wide range of IoT ("Internet of Things") enabled asset tracking and monitoring solutions to enhance supply chain visibility and ensure adherence to compliance and regulations.
  • We look forward to a continued partnership with Red Door, Onset and all out consultants to achieve this goal".
  • "The Restructure Round demonstrates our ability to quickly respond and adapt to market changes without losing momentum", asserts Co-Founder, Director Anirban Gupta.

Astellas Names Michael Petroutsas as Head of US Commercial

Retrieved on: 
Thursday, February 22, 2024
Commercial, United States corporate law, Pfizer, Senior, Patient, McKesson Corporation, Head, GSK

NORTHBROOK, Ill., Feb. 22, 2024 /PRNewswire/ -- Today, Astellas Pharma Inc. Chief Commercial Officer Claus Zieler has named Michael Petroutsas as Head, United States Commercial, leading the Astellas Pharma US Inc. organization.

Key Points: 
  • NORTHBROOK, Ill., Feb. 22, 2024 /PRNewswire/ -- Today, Astellas Pharma Inc. Chief Commercial Officer Claus Zieler has named Michael Petroutsas as Head, United States Commercial, leading the Astellas Pharma US Inc. organization.
  • Petroutsas will succeed Mark Reisenauer, who is leaving Astellas at the end of March.
  • "With more than 25 years of experience in the pharmaceutical industry, Mike has effectively led extensive global commercial, strategic, and operational teams.
  • Prior to Astellas, Petroutsas served as Senior Vice President, US Specialty and Oncology Business, at GSK.

MITER Brands to Acquire PGT Innovations for $42.00 Per Share in Cash

Retrieved on: 
Wednesday, January 17, 2024
Other Manufacturing, Construction & Property, Finance, Banking, Professional Services, Manufacturing, Interior Design, Architecture, Residential Building & Real Estate, Form 8-K, United States corporate law, LLP, RBC Capital Markets, Multimedia, PGTI, Culture, Koch Industries, Acquisition, Safety, Growth

MITER Brands™ (“MITER”), a nationwide manufacturer of precision-built windows and doors, and PGT Innovations Inc. (NYSE: PGTI) (“PGTI”), a manufacturer of premium windows and doors, today announced they have entered into a definitive merger agreement for MITER to acquire all outstanding shares of PGTI at a price of $42.00 per share in cash, or an enterprise value of approximately $3.1 billion.

Key Points: 
  • MITER Brands™ (“MITER”), a nationwide manufacturer of precision-built windows and doors, and PGT Innovations Inc. (NYSE: PGTI) (“PGTI”), a manufacturer of premium windows and doors, today announced they have entered into a definitive merger agreement for MITER to acquire all outstanding shares of PGTI at a price of $42.00 per share in cash, or an enterprise value of approximately $3.1 billion.
  • Matt DeSoto, President and CEO of MITER Brands, said, “MITER and PGTI are fully aligned in providing world-class service and the finest products with a culture where people, performance, and customer experiences come first.
  • MITER has obtained commitment letters for the financing necessary to complete the transaction, which is not subject to a financing condition.
  • Evercore is acting as exclusive financial advisor to PGTI, and Davis Polk & Wardwell LLP is acting as legal counsel to PGTI.

Swirltex US Inc. Awarded Multimillion-Dollar Purchase Order With US-based Industrial Company

Retrieved on: 
Tuesday, August 1, 2023
Energy, Natural Resources, Utilities, Other Natural Resources, Maintenance, United States corporate law, AB, Coal, Membrane, Mining, Engineering, Water, Transport, Lithium, Sewage treatment

“This purchase order is a significant milestone for Swirltex as we are able to provide our wastewater treatment solution into another industrial market as well as expand commercial activity into the US market,“ said Rob Budianto, Chief Executive Officer of Swirltex.

Key Points: 
  • “This purchase order is a significant milestone for Swirltex as we are able to provide our wastewater treatment solution into another industrial market as well as expand commercial activity into the US market,“ said Rob Budianto, Chief Executive Officer of Swirltex.
  • We are pleased to support this customer on this project.”
    The purchase order was signed after a comprehensive technology evaluation and design process with the customer and their engineering consultant.
  • Swirltex Inc., headquartered in Calgary, AB, Canada, is a clean technology company that specializes in water treatment.
  • Swirltex’ primary client base is heavy industrial applications, which include lithium brine management, coal and mining applications, oil and gas processes, industrial ponds and the pulp and paper industry.

SVB Financial Group Enters into Definitive Purchase Agreement to Sell SVB Securities to Management Team Group Led by Jeff Leerink and Backed by The Baupost Group

Retrieved on: 
Sunday, June 18, 2023
Slate, Centerview Partners, LLP, Bankruptcy, SVB Securities, Chapter 11, Title 11, United States Code, United States corporate law, United States Bankruptcy Court for the Southern District of New York, Rothschild, Baupost Group, Sale, Oliver Cromwell, Incident management team, Investment, Skadden, Arps, Slate, Meagher & Flom, SVB, Kroll, Willkie Farr & Gallagher, Senior management, Alvarez and Marsal, Sullivan & Cromwell, United States bankruptcy court, Silicon, Pink, Financial adviser, Financial services

MoffettNathanson LLC, a sell-side research business owned by SVB Financial Group, is not included in the transaction and will remain part of SVB Financial Group.

Key Points: 
  • MoffettNathanson LLC, a sell-side research business owned by SVB Financial Group, is not included in the transaction and will remain part of SVB Financial Group.
  • "This transaction is a significant milestone in SVB Financial Group's strategic alternatives process," said Bill Kosturos, SVB Financial Group's Chief Restructuring Officer.
  • SVB Financial Group is continuing to evaluate strategic alternatives for SVB Capital and the Company's other assets and investments.
  • US Inc. is serving as financial advisor to the Leerink Management Team and to The Baupost Group funds.

Valmont Records Longest BVLOS Drone Flight on the Wings of T-Mobile 5G

Retrieved on: 
Monday, June 5, 2023
Telecommunications, Software, Networks, Internet, Data Management, Technology, Drones, Mobile, Wireless, Federal Aviation Administration, AT&T, Metro, Valmont Industries, AT, UAS, Smartphone, UN, National security, NDAA, Agriculture, Sony, Life, TMUS, Valmont, United States corporate law, G, LTE, Multimedia, Wind, FAA, National Defense Authorization Act, Tanzania Conservation Resource Centre, Verizon Communications, T-Mobile, Rail transport by country, News, Safety, Farm, Mobile phone, Renewable energy, Maintenance (technical), Sprint

What’s the news: Valmont completed an industry-first, unmanned 77-mile beyond visual line of sight (BVLOS) drone operation, enabled by T-Mobile 5G.

Key Points: 
  • What’s the news: Valmont completed an industry-first, unmanned 77-mile beyond visual line of sight (BVLOS) drone operation, enabled by T-Mobile 5G.
  • Valmont Industries Inc. and T-Mobile (NASDAQ: TMUS) today announced the completion of an industry-first long-distance BVLOS drone inspection flight enabled by 5G.
  • The drone used a Harris Aerial H6E drone equipped with a T-Mobile 5G connected Sony A7RM5 camera.
  • Working closely with the FAA on BVLOS drone operation policies, Valmont plans to offer drone-in-a-box (DiaB) services nationwide in 2024.

'All United for MG' organises first-ever European Myasthenia Gravis Day on June 2nd leads to pan-European call for action supported by European leaders

Retrieved on: 
Thursday, June 1, 2023
AMIS, Evolis, United States corporate law, MBA, Doctor of Philosophy, MG, Patient, Frustration, Ageing, Health, Conditional sentence, Disease, Face, Policy, Health Economics, Weakness, Guilt, Leg, Approximation error, Sanders, SHE, MG3, Diagnosis, Rare, AMES, Caregiver, UOC, Employment, International, Depression, Eyelid, Neurology, Family, Arm, European Parliament, Anxiety, Quality of life, GP, Movement, Nursing, Pharmaceutical industry, Copper, Residential care, Myasthenia, F, MD, K, Let Us All Unite and Celebrate Together, EU, Myasthenia gravis, European, S, Qi

BRUSSELS, June 1, 2023 /PRNewswire/ -- The #AllUnitedforMG coalition, with the institutional support of argenx, brings together European patient associations and representatives from Belgium, France, Germany, Greece, Italy, Romania, Poland and Spain and aims to create awareness and gain recognition of this life-threatening disease, strengthen patients' rights for a better quality of life and obtain better patient care. The disease affects between 56.000 and 100.000 people in Europe 4.

Key Points: 
  • "Raising awareness about myasthenia gravis is not just about spreading knowledge, it's about empowering those who are living with it.
  • Our aim is to enhance patients' quality of life and reduce their mental burden," conclude the founders of the European Myasthenia Gravis Day.
  • "The first European Awareness Day for Myasthenia Gravis marks an important milestone towards increasing awareness and understanding of this rare disease.
  • Therefore we are very happy that there is finally a European Myasthenia Gravis Day to put a spotlight on this disease."