IMI

The HARMONY Alliance is set to become a research foundation

Retrieved on: 
Wednesday, June 7, 2023

The HARMONY Alliance has revolutionized the use of big data in Hematologic Malignancies research.

Key Points: 
  • The HARMONY Alliance has revolutionized the use of big data in Hematologic Malignancies research.
  • THE HAGUE, Netherlands, June 7, 2023 /PRNewswire/ -- The HARMONY Alliance has revolutionized the use of big data to accelerate developments in treating patients with Hematological Malignancies.
  • The Alliance is made up of HARMONY and HARMONY PLUS – both funded by the European Commission's Innovative Health Initiative (IHI), formerly known as IMI.
  • Patients will be given a clear voice in the foundation and the patient-centered approach will remain paramount in all our research activities.

Norgren to Introduce Ergonomically-Advanced Electric Bike Repair Stands at (e)revolution

Retrieved on: 
Thursday, June 1, 2023

The Norgren Electric Bike Repair Stand allows bikes to be lifted directly from the floor to the desired work height by means of an electric actuator activated by simply pressing a wired hand switch.

Key Points: 
  • The Norgren Electric Bike Repair Stand allows bikes to be lifted directly from the floor to the desired work height by means of an electric actuator activated by simply pressing a wired hand switch.
  • “Norgren is proud to present our innovative solutions to the challenges faced by the rapidly growing e-bike industry,” said Ken Chung, director of Product Management at Norgren.
  • The Electric Bike Repair Stand is Norgren’s first offering in the field of bikes and e-bikes.
  • IMI, Norgren, Bahr Modultechnik, Bimba, Buschjost, FAS, Herion, Kloehn and Maxseal are registered trademarks of IMI and Norgren companies.

Norgren showcasing motion control solutions at Automate 2023

Retrieved on: 
Monday, May 15, 2023

Norgren , a subsidiary of IMI Precision Engineering, will be highlighting its offerings in automated motion control technology at Automate 2023 (May 22-25) in Detroit.

Key Points: 
  • Norgren , a subsidiary of IMI Precision Engineering, will be highlighting its offerings in automated motion control technology at Automate 2023 (May 22-25) in Detroit.
  • As an exhibitor with a floor booth at this event, Norgren will spotlight new products alongside its preexisting portfolio of motion control solutions.
  • View the full release here: https://www.businesswire.com/news/home/20230515005106/en/
    The image shows a range of Norgren's products which will be displayed at Automate 2023.
  • “Norgren partners with manufacturers to find easy-to-implement, innovative solutions for complex problems,” said Ken Chung, Director of Product Marketing, Strategy and Pricing at Norgren.

MSCI Equity Indexes May 2023 Index Review

Retrieved on: 
Thursday, May 11, 2023

MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, announced the results of the May 2023 Index Review for the MSCI Equity Indexes - including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets, and MSCI Frontier Markets Small Cap Indexes, the MSCI Global Islamic and MSCI Global Islamic Small Cap Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Onshore indexes and the MSCI China All Shares Indexes.

Key Points: 
  • MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, announced the results of the May 2023 Index Review for the MSCI Equity Indexes - including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets, and MSCI Frontier Markets Small Cap Indexes, the MSCI Global Islamic and MSCI Global Islamic Small Cap Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Onshore indexes and the MSCI China All Shares Indexes.
  • In light of currently observed market accessibility issues, MSCI will not implement changes as part of this Index Review for any securities classified in Bangladesh, Egypt, Kenya, Nigeria, or Sri Lanka for the MSCI Bangladesh, MSCI Egypt, MSCI Kenya, MSCI Nigeria, and MSCI Sri Lanka Indexes or impacted composite indexes.
  • MSCI US Equity Indexes: There will be eight securities added to and four securities deleted from the MSCI US Large Cap 300 Index.
  • Accordingly, constituents in MSCI equity indexes may include MSCI Inc., clients of MSCI or suppliers to MSCI.

Kenvue Announces Closing of Initial Public Offering

Retrieved on: 
Monday, May 8, 2023

Kenvue Inc. (NYSE: KVUE) (“Kenvue”) the world’s largest pure-play consumer health company by revenue, today announced the closing of its initial public offering (“IPO”) of 198,734,444 shares of its common stock at a price to the public of $22.00 per share, including the underwriters’ full exercise of their option to purchase 25,921,884 shares to cover over-allotments.

Key Points: 
  • Kenvue Inc. (NYSE: KVUE) (“Kenvue”) the world’s largest pure-play consumer health company by revenue, today announced the closing of its initial public offering (“IPO”) of 198,734,444 shares of its common stock at a price to the public of $22.00 per share, including the underwriters’ full exercise of their option to purchase 25,921,884 shares to cover over-allotments.
  • Shares of Kenvue’s common stock began trading on the New York Stock Exchange under the symbol “KVUE” on May 4, 2023.
  • As of the closing of the IPO, Johnson & Johnson (NYSE: JNJ) owns approximately 89.6% of the total outstanding shares of Kenvue common stock.
  • Johnson & Johnson has publicly stated that it has an intention to dispose of its majority stake in Kenvue common stock in 2023, subject to market conditions.

Johnson & Johnson and Kenvue Announce Pricing of Upsized Kenvue Inc. Initial Public Offering

Retrieved on: 
Thursday, May 4, 2023

Johnson & Johnson (NYSE: JNJ) and Kenvue Inc. (“Kenvue”), a wholly owned subsidiary of Johnson & Johnson, today announced the pricing of Kenvue’s upsized initial public offering (“IPO”) of 172,812,560 shares of Kenvue’s common stock at a price to the public of $22.00 per share.

Key Points: 
  • Johnson & Johnson (NYSE: JNJ) and Kenvue Inc. (“Kenvue”), a wholly owned subsidiary of Johnson & Johnson, today announced the pricing of Kenvue’s upsized initial public offering (“IPO”) of 172,812,560 shares of Kenvue’s common stock at a price to the public of $22.00 per share.
  • In addition, Kenvue has granted the underwriters a 30-day option to purchase up to an additional 25,921,884 shares of its common stock to cover over-allotments, if any.
  • Kenvue’s common stock has been approved for listing on the New York Stock Exchange under the symbol “KVUE” and is expected to begin trading on May 4, 2023.
  • The IPO is expected to close on May 8, 2023, subject to the satisfaction or waiver of customary closing conditions.

Firan Technology Group Corporation (FTG) Completes the Acquisitions of Holaday Circuits and IMI Inc.

Retrieved on: 
Friday, April 28, 2023

The IMI acquisition bolsters FTG presence in RF circuit boards for the Aerospace and Defense market.

Key Points: 
  • The IMI acquisition bolsters FTG presence in RF circuit boards for the Aerospace and Defense market.
  • The RF market is growing, and IMI’s specialized capabilities will enable FTG to better address this market segment and support our customers’ needs.
  • These acquisitions accomplish this and will complement FTG’s existing capabilities and locations,” stated Brad Bourne President and CEO, FTG Corporation.
  • He added, “Having met the teams at IMI and Holaday Circuits, I am truly thrilled by their skills, dedication and commitment to excellence and I welcome them all to FTG.”

SASOL ISSUES US DOLLAR SENIOR NOTES

Retrieved on: 
Friday, April 28, 2023

JOHANNESBURG, April 28, 2023 /PRNewswire/ -- Sasol Limited is pleased to announce that its wholly owned subsidiary Sasol Financing USA LLC (the Issuer) has priced an offering of US$-denominated, Rule 144A / Regulation S notes, being US$1 000 million of notes due 2029 (the Notes). The Notes will bear interest at a rate of 8.750% per annum. The orderbook peaked above US$2,3 billion, which represents an oversubscription of more than 2,3 times.

Key Points: 
  • JOHANNESBURG, April 28, 2023 /PRNewswire/ -- Sasol Limited is pleased to announce that its wholly owned subsidiary Sasol Financing USA LLC (the Issuer) has priced an offering of US$-denominated, Rule 144A / Regulation S notes, being US$1 000 million of notes due 2029 (the Notes).
  • The Notes will bear interest at a rate of 8.750% per annum.
  • The Notes will be general unsecured obligations of the Issuer and will be fully and unconditionally guaranteed by Sasol Limited.
  • As a result of this transaction we have now fully pre-funded our March 2024 bond maturity, and this follows the recent extension of our US dollar loan maturity to 2028," said Hanré Rossouw, Chief Financial Officer, Sasol Limited.

Johnson & Johnson Announces Launch of Kenvue Inc. IPO Roadshow

Retrieved on: 
Monday, April 24, 2023

Johnson & Johnson (NYSE: JNJ) today announced that Kenvue Inc. (“Kenvue”), a wholly owned subsidiary of Johnson & Johnson comprising its Consumer Health Business, has launched a roadshow for the initial public offering (“IPO”) of 151,204,000 shares of its common stock.

Key Points: 
  • Johnson & Johnson (NYSE: JNJ) today announced that Kenvue Inc. (“Kenvue”), a wholly owned subsidiary of Johnson & Johnson comprising its Consumer Health Business, has launched a roadshow for the initial public offering (“IPO”) of 151,204,000 shares of its common stock.
  • Kenvue expects to grant the underwriters a 30-day option to purchase up to an additional 22,680,600 shares of its common stock to cover over-allotments, if any.
  • The IPO price is currently expected to be between $20.00 and $23.00 per share.
  • Goldman Sachs & Co. LLC, J.P. Morgan and BofA Securities are acting as joint lead book-running managers for the IPO.

Firan Technology Group Corporation (“FTG”) Announces First Quarter 2023 Financial Results

Retrieved on: 
Wednesday, April 12, 2023

TORONTO, April 12, 2023 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) today announced financial results from its first quarter 2023.

Key Points: 
  • TORONTO, April 12, 2023 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) today announced financial results from its first quarter 2023.
  • FTG first quarter revenues of $24.6M were up 20% over Q1 2022, as FTG ramps up production to meet customer demand.
  • Earnings included $3.4M of U.S. government support in Q1 2023 compared to $0.3M in Q1 2022.
  • Starting last year, FTG went on offence after two years of playing defence, and this has continued in the first quarter of 2023.