Volume-weighted average price

Independent Directors of Abcam Highlight Compelling Reasons for Shareholders to Support Proposed Sale to Danaher

Retrieved on: 
Thursday, October 12, 2023
Professional Services, Health, Finance, Research, Science, Biotechnology, DHR, Danaher Corporation, NYSE, Human, BLUE, Lazard, LTM, Cyprus Securities and Exchange Commission, Transaction, Independent director, Morgan Stanley, Environment, Independent, Volume-weighted average price, Uncertainty, Volume, Discounted cash flow, Sale, Cryptocurrency, Management, Security (finance), Pharmaceutical industry, Auction, Risk management, Proxy, Abcam

We are writing to you today as the independent non-executive directors of Abcam’s Board of directors to affirm that this agreement was the result of a rigorous, fair and competitive sale process.

Key Points: 
  • We are writing to you today as the independent non-executive directors of Abcam’s Board of directors to affirm that this agreement was the result of a rigorous, fair and competitive sale process.
  • We unanimously support this Transaction as we believe it is the best deal available and is in the best interests of Abcam and its shareholders.
  • Ultimately, if this Transaction were not approved by shareholders, it is uncertain what path Abcam would be on next.
  • We need your support to secure a positive outcome for all Abcam shareholders.

Abcam Files and Mails Scheme Circular Seeking Approval of Acquisition of Abcam by Danaher for $24.00 per Share

Retrieved on: 
Thursday, October 5, 2023
Research, Technology, Medical Devices, Finance, Other Technology, Health Technology, Professional Services, Biotechnology, Health, Science, DHR, NYSE, Mass meeting, Acquisition, Morgan Stanley, Annual general meeting, Shareholder Meeting, Lazard, BLUE, High court, Court, Transaction, Proxy, CREST, Volume-weighted average price, Citibank, Sale, Youth justice in England and Wales, Volume, YELLOW, Cryptocurrency, Security (finance), Auction, Management, Equiniti, Abcam

Under the terms of the Transaction Agreement, Danaher will acquire all of the outstanding shares of Abcam for $24.00 per share in cash.

Key Points: 
  • Under the terms of the Transaction Agreement, Danaher will acquire all of the outstanding shares of Abcam for $24.00 per share in cash.
  • Highlights from the Scheme Circular include:
    The Transaction delivers significant, certain, and immediate value to shareholders.
  • Abcam received multiple bids to acquire the Company, rejected bids it deemed inadequate, and structured a process that induced bidders to increase offers.
  • Danaher’s $24.00 per share in cash offer was the highest and best price received at any point in the process.

3D Systems Affirms Commitment to Pursuing Combination with Stratasys

Retrieved on: 
Wednesday, June 21, 2023
Exercise, LLP, Metal, Herzog, Fox & Ne'eman, System, 3D, Disclosure, Form F-4, Volume-weighted average price, Desktop Metal, Goldman Sachs, The Many Ghosts of Doctor Graves, Schedule, Board of Management St. Molaga's National School v The Secretary General of the Department of Education and Science, ROCK, Documentation, VWAP, Investment, 3D Systems, Hearing, Form, Growth, Integration, Letter, NYSE, Software, 3D printing, Management, Security (finance), Cryptocurrency, Financial adviser, Renewable energy, Fine chemical, Stratasys, Freshfields Bruckhaus Deringer

ROCK HILL, S.C., June 20, 2023 (GLOBE NEWSWIRE) -- Today, 3D Systems (NYSE: DDD) (“3D Systems,” the “Company”) issued its response to Stratasys Ltd.’s (NASDAQ: SSYS) (“Stratasys”) determination that 3D Systems’ May 30, 2023 business combination proposal does not constitute a “Superior Proposal” pursuant to the terms of its existing merger agreement with Desktop Metal, Inc. (“Desktop Metal”). The Company is commenting now in order to update its shareholders and correct the record on certain assertations made by Stratasys this morning.

Key Points: 
  • We remain undeterred in our belief that a transaction between 3D Systems and Stratasys on the terms proposed constitutes a ‘Superior Proposal.’”
    “We continue to believe that a combination between 3D Systems and Stratasys offers shareholders the best blend of immediate value, potential for long-term growth, and certainty to close.
  • We believe the overlap between 3D Systems’ and Stratasys’ technologies has been mischaracterized by Stratasys, as well as the potential from the highly experimental Metal Binder Jet technology.
  • We continue to consider all of our options to make this combination a reality.”
    In light of the mischaracterizations made by Stratasys in its rejection of 3D Systems’ proposal, 3D Systems has determined it is necessary to make the full text of its proposal delivered to Stratasys’ Board on May 30, 2023 available to 3D Systems' shareholders so they can evaluate the proposed combination with complete information and understand the history of engagement between 3D Systems and Stratasys.
  • The full text of 3D Systems’ letter to the Stratasys Board is included below:
    I write, with the full support of our Board of Directors, to formally propose to your Board of Directors a combination of Stratasys, Ltd. and 3D Systems Corporation.

3D Systems Confirms Submission of a Superior Proposal to Combine with Stratasys

Retrieved on: 
Friday, June 2, 2023
LLP, Herzog, Fox & Ne'eman, 3D, Calendar, Volume-weighted average price, Desktop Metal, Goldman Sachs, The Many Ghosts of Doctor Graves, ROCK, VWAP, Logic, 3D Systems, NYSE, Security (finance), Fine chemical, 3D printing, Video game, Stratasys

3D Systems delivered this proposal to the Stratasys Board on May 30, 2023.

Key Points: 
  • 3D Systems delivered this proposal to the Stratasys Board on May 30, 2023.
  • In addition, these terms imply a nominal initial value per Stratasys share of approximately $19 based on 3D Systems’ 60-Day Volume-Weighted Average Price (VWAP) as of May 24, 2023.
  • “The combination of 3D Systems and Stratasys is simply the best outcome for the shareholders of both companies,” said President and CEO, Dr. Jeffrey Graves.
  • Proposal, inclusive of estimated cost synergies, represents value creation to Stratasys shareholders worth $1.8 billion and represents a value of approximately $25 per Stratasys share, or a 70% value uplift.

TECPETROL ANNOUNCES PREMIUM ALL-CASH PROPOSAL TO ACQUIRE ALPHA LITHIUM CORPORATION

Retrieved on: 
Monday, May 22, 2023
Lithium, Credible, LLP, BMO Capital Markets, Davies Ward Phillips & Vineberg, Compulsion, NEO Exchange, German, Vision, Credibility, Volume-weighted average price, History, Government, Acquisition, OTC, Immediate, Hand, NEO, Health insurance, Security (finance), Cryptocurrency, Video game, Bank, Alpha, Share (finance), Tenaris

TORONTO, May 22, 2023 /PRNewswire/ -- Tecpetrol Investments S.L. ("Tecpetrol"), a member of the Techint Group of Companies (the "Techint Group"), announced today that it has made a non-binding proposal (the "Offer") to acquire all of the issued and outstanding common shares ("Shares") of Alpha Lithium Corporation (NEO: ALLI) (OTC: APHLF) (German WKN: A3CUW1) ("Alpha" or the "Company") a Canadian incorporated, headquartered and listed company, for cash consideration of C$1.24 per Share (the "Offer Price"). The Offer was presented in a letter that Tecpetrol submitted to the president and chief executive officer of Alpha on May 15, 2023.

Key Points: 
  • The Offer was presented in a letter that Tecpetrol submitted to the president and chief executive officer of Alpha on May 15, 2023.
  • Alpha refused to consider Tecpetrol's proposal and did not engage with Tecpetrol following discussions between advisors.
  • Through these exchanges, Tecpetrol indicated an ability to improve the financial terms of its Offer if Alpha would agree to give Tecpetrol access to expedited due diligence so that Tecpetrol could determine an appropriate increase in price based on its findings.
  • BMO Capital Markets is serving as financial advisor and Davies Ward Phillips & Vineberg LLP is serving as legal advisor to Tecpetrol.

DSM announces final dividend for 2021

Retrieved on: 
Tuesday, May 10, 2022
DSM (company), AMRO Bank, Euronext, Volume-weighted average price, Company, Euronext Amsterdam, VWAP, Nutrition, Animal, DSM, Volume, Solution, ABN AMRO, ABN, Holding company, Security (finance), Health

An interim dividend of 0.80 per ordinary share having been paid in August 2021, the final dividend thus amounts to 1.70 per ordinary share.

Key Points: 
  • An interim dividend of 0.80 per ordinary share having been paid in August 2021, the final dividend thus amounts to 1.70 per ordinary share.
  • At the discretion of the shareholder, the final dividend will be made available in cash or, under the conditions set out below, in ordinary shares of DSM.
  • To the extent the final dividend is paid out in shares, these shares will be primarily transferred out of the own shares DSM holds in stock.
  • In order to avoid negative tax consequences for DSM, a maximum of 40% of the total dividend amount is available for stock dividend.

Capital Product Partners L.P. Announces the Acquisition of Three Latest Generation LNG Carriers

Retrieved on: 
Tuesday, August 31, 2021
Master limited partnership, Yam Seng Pte Ltd v International Trade Corp Ltd, Partnership, SEC, Natural gas, Board, BP, LIBOR, Hand, Securities Exchange Act of 1934, ING Group, Marshall Islands, ING, Board of directors, Director, Committee, Fried, Frank, Harris, Shriver & Jacobson, CGC, Carbon, Sale, Communication, Panamax, Internet, Capesize, BOC, NASDAQ, Webcast, Annual report, Acquisition, GLOBE, TEU, Bank, Volume-weighted average price, CPLP, Volume, Iron ore, Airline, Security (finance)

BP holds additional options, which could extend the charter of the vessels to October 2032 and December 2032, respectively.

Key Points: 
  • BP holds additional options, which could extend the charter of the vessels to October 2032 and December 2032, respectively.
  • The LNG/C Aristarchos is under a long-term time charter with Cheniere Marketing International LLP (Cheniere), which expires in February 2025.
  • Capital Product Partners management will host a conference call on Wednesday, September 1, 2021 at 8:30 am ET to discuss the transaction.
  • About Capital Product Partners L.P.
    Capital Product Partners L.P. (NASDAQ: CPLP), a Marshall Islands master limited partnership, is an international owner of ocean-going vessels.

Marvell to Acquire Innovium - Accelerates Cloud Growth with Expanded Ethernet Switching Portfolio

Retrieved on: 
Tuesday, August 3, 2021
Cloud infrastructure, Cloud computing, Fabless semiconductor companies, Computing, Marvell Technology, Inc., California, Technology

In addition, Innovium is currently engaged with several other leading cloud data center customers in building out their future network architectures.

Key Points: 
  • In addition, Innovium is currently engaged with several other leading cloud data center customers in building out their future network architectures.
  • With the broadest technology platform in the industry, Marvell is positioned to become a leader in cloud data center solutions, including:
    And on closing the acquisition of Innovium, cloud-optimized Ethernet switches
    This portfolio positions Marvell as the semiconductor solutions partner of choice for the cloud.
  • Dedicated architectures will accelerate Marvell's ongoing growth in the 5G, cloud, enterprise, and automotive end markets, which all leverage Marvell's Ethernet platform.
  • Innovium is a leading provider of high performance, innovative switching silicon solutions for Cloud and Edge data centers.

EQS-News: Relief and AdVita Close Definitive Agreement for Relief to Acquire All Outstanding Shares of AdVita

Retrieved on: 
Wednesday, July 28, 2021
Medical specialties, Aviptadil, Peptides, Branches of biology, Respiratory distress syndrome, Volume-weighted average price, Acute respiratory distress syndrome, Clinical medicine

Under the terms of the agreement, Relief paid AdVita shareholders a total of 135,741,063 Relief common shares, representing EUR 25 million in value based on a 60-day Volume-Weighted Average Price (VWAP) of Relief's common stock, to acquire all outstanding shares of AdVita.

Key Points: 
  • Under the terms of the agreement, Relief paid AdVita shareholders a total of 135,741,063 Relief common shares, representing EUR 25 million in value based on a 60-day Volume-Weighted Average Price (VWAP) of Relief's common stock, to acquire all outstanding shares of AdVita.
  • In addition, Relief will pay milestone payments of up to EUR 20 million in cash, contingent to achievement of certain regulatory milestones related to AdVita's development programs.
  • Jack Weinstein, Chief Financial Officer and Treasurer of Relief, said: "We are pleased to close this acquisition, which brings to Relief additional intellectual property concerning inhaled formulations of aviptadil.
  • In April, Relief and AdVita initiated an investigator-sponsored phase 2 trial with inhaled aviptadil for the prevention of COVID-19-related acute respiratory distress syndrome.

Cleveland-Cliffs Completes Redemption of All Outstanding Preferred Shares with $1.2 Billion in Cash, Reducing Diluted Share Count by 10%

Retrieved on: 
Wednesday, July 28, 2021
Other Manufacturing, Manufacturing, Steel, Financial markets, Stock market, Finance, Buyback, Volume-weighted average price, Cleveland-Cliffs, Share repurchase, Pro forma, Tranche

The elimination of the preferred shares from Cleveland-Cliffs capital structure reduces the Companys diluted share count by 10% on a pro-forma basis.

Key Points: 
  • The elimination of the preferred shares from Cleveland-Cliffs capital structure reduces the Companys diluted share count by 10% on a pro-forma basis.
  • We actually believe this transaction is even better than a common share buyback, because we acquired the entire tranche at a 20-day VWAP without making any noise in the market.
  • The buyback is done, and the total cash spent is less than the free cash flow we expect to generate this quarter.
  • Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America.