Transaction

Yintai to Acquire Osino in an All-Cash Transaction for C$368 million

Retrieved on: 
Sunday, February 25, 2024

VANCOUVER, British Columbia, Feb. 25, 2024 (GLOBE NEWSWIRE) -- Yintai Gold Co., Ltd (000975.CN) ("Yintai") and Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) ("Osino") are pleased to announce that they have entered into a binding arrangement agreement (the "Yintai Arrangement Agreement"), pursuant to which Yintai will acquire all of the outstanding common shares of Osino (each, an "Osino Common Share") by way of a plan of arrangement (the "Yintai Arrangement"), for cash consideration of C$1.90 for each Osino Common Share, valuing Osino at approximately C$368 million.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 25, 2024 (GLOBE NEWSWIRE) -- Yintai Gold Co., Ltd (000975.CN) ("Yintai") and Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) ("Osino") are pleased to announce that they have entered into a binding arrangement agreement (the "Yintai Arrangement Agreement"), pursuant to which Yintai will acquire all of the outstanding common shares of Osino (each, an "Osino Common Share") by way of a plan of arrangement (the "Yintai Arrangement"), for cash consideration of C$1.90 for each Osino Common Share, valuing Osino at approximately C$368 million.
  • Accordingly, the Osino Board and the Special Committee recommend that Osino shareholders vote IN FAVOUR of the Transaction.
  • The Yintai Arrangement Agreement also provides for a termination fee of US$9.55 million, payable by Osino to Yintai in certain specified circumstances along with the repayment or conversion of the loan.
  • The Yintai Arrangement Agreement also includes a reverse termination fee in the amount of US$9.55 million, payable by Yintai to Osino in certain other specified circumstances.

Proton Capital Enters Into Agreement to Purchase PharmaChoice Canada Branded Pharmacy In Saskatoon For Proposed Qualifying Transaction

Retrieved on: 
Thursday, February 22, 2024

The Share Purchase Agreement provides that Proton will purchase 75% of the issued and outstanding shares of the Target Pharmacy.

Key Points: 
  • The Share Purchase Agreement provides that Proton will purchase 75% of the issued and outstanding shares of the Target Pharmacy.
  • The Qualifying Transaction will not constitute a Non-Arm’s Length Qualifying Transaction (as such term is ‎defined in the policies of the TSXV).
  • The parties to the Qualifying Transaction are at arm’s length and therefore the approval of the shareholders of ‎Proton in respect of the Qualifying Transaction will not be required.
  • The Prospectus will contain important detailed information about the Corporation, the Qualifying ‎Transaction and the proposed Offering.

SPEC Updates PTDaemon Interface to Meet Evolving Industry Requirements

Retrieved on: 
Thursday, February 22, 2024

PTDaemon greatly simplifies power and temperature benchmarking with SPEC benchmarks, eliminating the need to understand and adapt to different power analyzer interface protocols and behaviors.

Key Points: 
  • PTDaemon greatly simplifies power and temperature benchmarking with SPEC benchmarks, eliminating the need to understand and adapt to different power analyzer interface protocols and behaviors.
  • PTDaemon provides a common TCP/IP-based interface that can be integrated into different benchmark harnesses.
  • “Given the increasing importance of energy efficiency, achieving a low carbon footprint, and the rapid evolution of cooling technologies, SPEC is focused on continually updating the PTDaemon interface to meet the latest industry requirements for accurate power measurements,” said Klaus-Dieter Lange, SPECpower Committee Chair.
  • The latest version of the PTDaemon Interface includes new support for the ZES LMG600 series of power analyzers.

Gracell Biotechnologies Announces Shareholders’ Approval of Merger Agreement

Retrieved on: 
Tuesday, February 20, 2024

Pursuant to the Merger Agreement, in accordance with the applicable provisions of the Companies Act (As Revised) of the Cayman Islands, Merger Sub will merge with and into the Company at the effective time of the Merger, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of the Parent (the “Merger”).

Key Points: 
  • Pursuant to the Merger Agreement, in accordance with the applicable provisions of the Companies Act (As Revised) of the Cayman Islands, Merger Sub will merge with and into the Company at the effective time of the Merger, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of the Parent (the “Merger”).
  • Each shareholder has one vote for each Ordinary Share.
  • The Merger Agreement, the Plan of Merger and the Transactions, were approved by approximately 99.9% of the total votes cast at the EGM.
  • The Merger is expected to close on or around February 22, 2024, subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement.

Fresh Vine Wine Announces Fireside Chat with JW Roth, CEO of Notes Live on February 29th, at 2:00pm EST

Retrieved on: 
Tuesday, February 20, 2024

CHARLOTTE, N.C., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Fresh Vine Wine Inc. (NYSE American: VINE) (“Fresh Vine”) today announced that it will hold a fireside chat with JW Roth, the CEO of Notes Live.

Key Points: 
  • CHARLOTTE, N.C., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Fresh Vine Wine Inc. (NYSE American: VINE) (“Fresh Vine”) today announced that it will hold a fireside chat with JW Roth, the CEO of Notes Live.
  • Notes Live recently announced that OneRepublic will headline its Sunset Amphitheater's Grand Opening on Friday, August 9th.
  • With gourmet dining/drink options, crystal-clear sound, and other premium touches, the $90,000,000 entertainment campus will showcase Notes Live CEO JW Roth’s vision for what best-in-class live music and nightlife can be.
  • The fireside chat will be led by Fresh Vine’s Chairman and CEO Michael Pruitt where he will be discussing JW’s vision for Notes Live and recent initiatives on behalf of shareholders of both companies.

MNC Capital Submits Proposal to Acquire Vista Outdoor for $35.00 Per Share in Cash

Retrieved on: 
Friday, March 1, 2024

We are writing to express our strong interest in acquiring all the outstanding shares of Vista Outdoor Inc. (“Vista” or the “Company”) for a purchase price per share of $35.00 in cash (the “Transaction”).

Key Points: 
  • We are writing to express our strong interest in acquiring all the outstanding shares of Vista Outdoor Inc. (“Vista” or the “Company”) for a purchase price per share of $35.00 in cash (the “Transaction”).
  • The proposed price offers a substantial premium to Vista’s share price, which already reflects a takeover premium.
  • Given Vista’s share price is currently trading close to its 52-week high, our proposal also reflects a highly attractive value overall to Vista’s shareholders.
  • The Board is currently reviewing the proposal consistent with its fiduciary duties, in consultation with our legal and financial advisors.

Barclays and Blackstone Credit & Insurance Agree to Sale of Credit Card Receivables

Retrieved on: 
Tuesday, February 27, 2024

Barclays PLC ("Barclays") and Blackstone Credit & Insurance (“Blackstone”) today announced that Barclays Bank Delaware ("BBDE") has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group, to sell approximately US$1.1 billion of currently outstanding credit card receivables (the “Transaction”) in relation to a defined set of Barclays-branded credit card accounts in the United States of America (the “Accounts”).

Key Points: 
  • Barclays PLC ("Barclays") and Blackstone Credit & Insurance (“Blackstone”) today announced that Barclays Bank Delaware ("BBDE") has entered into an agreement with insurance accounts managed by Blackstone’s Asset Based Finance group, to sell approximately US$1.1 billion of currently outstanding credit card receivables (the “Transaction”) in relation to a defined set of Barclays-branded credit card accounts in the United States of America (the “Accounts”).
  • This is the first in a series of activities Barclays plans to conduct to reduce its risk-weighted assets (RWAs) and create additional lending capacity for BBDE.
  • As part of the Transaction, BBDE will enter into a long-term strategic forward flow sale and servicing arrangement with Blackstone related to the Accounts.
  • Barclays Bank PLC will invest into the Transaction alongside Blackstone’s insurance accounts.

VINCI PARTNERS AND COMPASS ANNOUNCE BUSINESS COMBINATION, CREATING THE GATEWAY TO ALTERNATIVE ASSET MANAGEMENT IN LATIN AMERICA

Retrieved on: 
Thursday, March 7, 2024

RIO DE JANEIRO, March 7, 2024 /PRNewswire/ -- Vinci Partners Investments Ltd. (NASDAQ: VINP) ("Vinci Partners," "Vinci," "we," "us," or "our"), a leading alternative investment platform based in Brazil, announced today an agreement (the "Transaction") for a combination with Compass.

Key Points: 
  • RIO DE JANEIRO, March 7, 2024 /PRNewswire/ -- Vinci Partners Investments Ltd. (NASDAQ: VINP) ("Vinci Partners," "Vinci," "we," "us," or "our"), a leading alternative investment platform based in Brazil, announced today an agreement (the "Transaction") for a combination with Compass.
  • "Over the last 28 years, we have built a strong reputation through our extensive distribution network and track record in Latin America.
  • Our shared vision includes offering the best Latin American investment solutions to global investors and providing global solutions to Latin American investors.
  • Vinci Partners will host a conference call on Friday, March 8, 2024 at 8:00 am (Eastern Time) to discuss the Transaction.

Sunwest Bank Adds Greg Melidonian as EVP, Managing Director of Commercial Deposits & Payments

Retrieved on: 
Thursday, March 7, 2024

SANDY, Utah, March 7, 2024 /PRNewswire/ -- Sunwest Bank is pleased to welcome Greg Melidonian as its new EVP, Managing Director of Commercial Deposits & Payments. In this role, Melidonian will provide leadership and strategic oversight for the bank's comprehensive payments and liquidity platforms, including online banking and treasury operations. Additionally, he will formulate and execute strategies for new business in the bank's strategic markets, playing a pivotal role in driving growth and success. 

Key Points: 
  • SANDY, Utah, March 7, 2024 /PRNewswire/ -- Sunwest Bank is pleased to welcome Greg Melidonian as its new EVP, Managing Director of Commercial Deposits & Payments.
  • "We are thrilled to welcome Greg to the Sunwest Bank team," said Don Satiroff, Sunwest Bank EVP & Chief Banking Officer.
  • Prior to joining Sunwest Bank, Melidonian was Head of Business for Transaction Banking Sales at MUFG Union Bank, overseeing four strategic markets – Commercial Real Estate, Business Banking, Wealth Markets, and Reorganization.
  • "I am excited to join Sunwest Bank and lead their business growth in strategic markets serving commercial clients," said Melidonian.

Vision Films Set to Release "The Legend of Lake Hollow"

Retrieved on: 
Thursday, March 7, 2024

LOS ANGELES, March 7, 2024 /PRNewswire/ -- Vision Films Inc. ("Vision") announced the Transactional VOD release of the non-traditional horror film The Legend of Lake Hollow across North America on March 26, 2024. It will also have a day and date release on Sky Store in the UK. From Penumbra Entertainment, the film is directed by Chris Hollo, written by Jerry Robbins, produced by Mark Mosrie and Hollo, co-produced by Destiny Chamberlin, and executive produced by Mike Yoh and Gayle Yoh. The story is based on Northern Plains Native American folklore and was shot entirely on location in Sumner County and the outskirts of Nashville, TN.

Key Points: 
  • LOS ANGELES, March 7, 2024 /PRNewswire/ -- Vision Films Inc. ("Vision") announced the Transactional VOD release of the non-traditional horror film The Legend of Lake Hollow across North America on March 26, 2024.
  • It will also have a day and date release on Sky Store in the UK.
  • Lise Romanoff, CEO/Managing Director of Vision Films shares, "The Legend of Lake Hollow is a psychological thriller that will keep audiences on the edge of their seats from the very first scene.
  • Director Chris Hollo says, "When I found the The Legend of Lake Hollow script, I knew I had found our next film project.