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The Gross Law Firm Announces the Filing of a Securities Class Action on Behalf of Mobileye Global Inc.(MBLY) Shareholders

Retrieved on:

Tuesday, March 12, 2024

NEXT, Risk, Fraud, Hand, EyeQ, Security (finance)

NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Mobileye Global Inc.

Key Points:

NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Mobileye Global Inc.
Shareholders who purchased shares of MBLY during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment.
DEADLINE: March 18, 2024 Shareholders should not delay in registering for this class action.
The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices.
The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship.

JAKKS Pacific Announces Redemption of All Shares of Preferred Stock

Retrieved on:

Tuesday, March 12, 2024

COVID, Jakks Pacific, Balance sheet, Hand, Security (finance)

SANTA MONICA, Calif., March 12, 2024 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (NASDAQ: JAKK) today announced that the Company has agreed to redeem all of its shares of Series A Senior Preferred Stock for an aggregate price of $20,000,000 cash and 571,295 of its common shares, representing a value of $15,000,000.

Key Points:

SANTA MONICA, Calif., March 12, 2024 (GLOBE NEWSWIRE) -- JAKKS Pacific, Inc. (NASDAQ: JAKK) today announced that the Company has agreed to redeem all of its shares of Series A Senior Preferred Stock for an aggregate price of $20,000,000 cash and 571,295 of its common shares, representing a value of $15,000,000.
"Despite significant industry volatility triggered by the COVID pandemic, we have maintained a singular focus to reenergize our business and improve our profitability.
The success of our strategy gave us the ability to use our cash flow and strengthened stock position to conclude this transaction.
Post transaction, the company will have eliminated the Preferred Stock Derivative Liability ($29.947 million as of 12/31) and Preferred Stock Accrued Dividends ($5.992 million as of 12/31) from its Balance Sheet.

DEADLINE ALERT for CMI, MBLY, FTFT, BIVI: Law Offices of Howard G. Smith Reminds Investors of Class Actions on Behalf of Shareholders

Retrieved on:

Tuesday, March 12, 2024

GCP, Macrocephaly, Law, Fintech, Risk, Telephone, COVID-19, Class, Security (finance), Good clinical practice, Suite, Investment, Clinical trial, EyeQ, Defendant, Hand

BENSALEM, Pa., March 12, 2024 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.

Key Points:

BENSALEM, Pa., March 12, 2024 (GLOBE NEWSWIRE) -- Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.
Investors have until the deadlines listed below to file a lead plaintiff motion.
Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to [email protected] .
Law Offices of Howard G. Smith

Johnson & Johnson to Acquire Shockwave Medical

Retrieved on:

Friday, April 5, 2024

Johnson & Johnson (NYSE: JNJ) and Shockwave Medical, Inc. (Nasdaq: SWAV) (“Shockwave”) today announced that they have entered into a definitive agreement under which Johnson & Johnson will acquire all outstanding shares of Shockwave for $335.00 per share in cash, corresponding to an enterprise value of approximately $13.1 billion including cash acquired.

Key Points:

Johnson & Johnson (NYSE: JNJ) and Shockwave Medical, Inc. (Nasdaq: SWAV) (“Shockwave”) today announced that they have entered into a definitive agreement under which Johnson & Johnson will acquire all outstanding shares of Shockwave for $335.00 per share in cash, corresponding to an enterprise value of approximately $13.1 billion including cash acquired.
The transaction is expected to accelerate revenue growth for both Johnson & Johnson and Johnson & Johnson MedTech.
Delivers immediate operational accretion: The transaction will be accretive to operating margin for both Johnson & Johnson and Johnson & Johnson MedTech.
Under the terms of the agreement, Johnson & Johnson will acquire all outstanding shares of Shockwave for $335.00 per share in cash through a merger of Shockwave with a wholly owned Johnson & Johnson subsidiary.

The GEO Group Prices Senior Notes Offering and New Term Loan

Retrieved on:

Thursday, April 4, 2024

The GEO Group (NYSE: GEO) ("GEO" or the "Company") announced today that it has priced a private offering of $1.275 billion aggregate principal amount of senior notes, comprised of $650.0 million aggregate principal amount of 8.625% senior secured notes due 2029 (the "Secured Notes") and $625.0 million aggregate principal amount of 10.25% senior unsecured notes due 2031 (the "Unsecured Notes" and together with the Secured Notes, the "Notes"), exempt from registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

Key Points:

The GEO Group (NYSE: GEO) ("GEO" or the "Company") announced today that it has priced a private offering of $1.275 billion aggregate principal amount of senior notes, comprised of $650.0 million aggregate principal amount of 8.625% senior secured notes due 2029 (the "Secured Notes") and $625.0 million aggregate principal amount of 10.25% senior unsecured notes due 2031 (the "Unsecured Notes" and together with the Secured Notes, the "Notes"), exempt from registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).
The Notes will be guaranteed by GEO's domestic subsidiaries that are guarantors under a new senior secured credit facility and outstanding senior notes.
The net proceeds of the offering of the Notes, borrowings under the new Term Loan, and cash on hand will be used to refinance approximately $1.5 billion of existing indebtedness, including to fund the refinance, repurchase, redemption or other discharge of the Company’s existing Tranche 1 Term Loan and Tranche 2 Term Loan under its existing senior credit facility, the 9.50% senior second lien secured notes, the 10.50% senior second lien secured notes, and the 6.00% senior notes due 2026, to pay related premiums, transaction fees and expenses.
GEO also intends to retire or settle a portion of the 6.50% exchangeable senior notes due 2026 issued by GEO Corrections Holdings, Inc., using shares of GEO common stock and cash.

TD SYNNEX Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Retrieved on:

Friday, April 5, 2024

TD SYNNEX Corporation (NYSE: SNX) (“TD SYNNEX” or the “Company”) today announced the pricing of the previously announced secondary public offering of 5,309,299 shares of its common stock.

Key Points:

TD SYNNEX Corporation (NYSE: SNX) (“TD SYNNEX” or the “Company”) today announced the pricing of the previously announced secondary public offering of 5,309,299 shares of its common stock.
The offering is expected to close on or about April 9, 2024, subject to customary closing conditions.
TD SYNNEX will not receive any of the proceeds from the sale of shares by the Selling Stockholders in the offering.
In addition, the Company has agreed to purchase from the underwriters 1,750,000 shares of common stock that are the subject of the offering at a price per share equal to the price per share to be paid by the underwriters to the Selling Stockholders (the “Concurrent Share Repurchase”) under the Company’s existing share repurchase program.

The GEO Group Enters Into Private Exchange Agreements With Certain 6.50% Convertible Senior Noteholders

Retrieved on:

Friday, April 5, 2024

Professional Services, Public Policy, Government, Law Enforcement, Emergency Services, State, Local, Other Professional Services, Commercial Building & Real Estate, Construction & Property, GEO Group, GEO, Debt-to-GDP ratio, Sale, Hand, Security (finance)

The GEO Group (NYSE: GEO) (“GEO” or the "Company"), announced that it has entered into private exchange agreements with certain holders (the "Noteholders") of GEO Corrections Holdings, Inc.’s 6.50% Exchangeable Senior Notes due 2026 (the "6.50% Exchangeable Senior Notes").

Key Points:

The GEO Group (NYSE: GEO) (“GEO” or the "Company"), announced that it has entered into private exchange agreements with certain holders (the "Noteholders") of GEO Corrections Holdings, Inc.’s 6.50% Exchangeable Senior Notes due 2026 (the "6.50% Exchangeable Senior Notes").
The Noteholders have agreed to exchange $177 million in aggregate principal amount of the outstanding 6.50% Exchangeable Senior Notes for a current estimated valuation of $305 million.
The consideration will consist of cash and shares of GEO's common stock issued at closing.
The 6.50% Exchangeable Senior Notes to be exchanged represent approximately 77% of the outstanding principal amount, with $53 million in aggregate principal amount remaining outstanding following the exchange.

TD SYNNEX Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase

Retrieved on:

Thursday, April 4, 2024

TD SYNNEX is not selling any shares of its common stock and will not receive any proceeds from the sale of the shares by the Selling Stockholders in the offering.

Key Points:

TD SYNNEX is not selling any shares of its common stock and will not receive any proceeds from the sale of the shares by the Selling Stockholders in the offering.
In addition, the Company has authorized the purchase from the underwriters of 1,750,000 shares of common stock as part of the secondary public offering (the “Concurrent Share Repurchase”).
The Concurrent Share Repurchase is part of the Company’s existing share repurchase program.
The Company intends to fund the Concurrent Share Repurchase from existing cash on hand.

Amphenol Corporation Announces Pricing of Senior Notes Offering

Retrieved on:

Tuesday, April 2, 2024

Technology, Mobile, Wireless, Engineering, Automotive Manufacturing, Aerospace, Manufacturing, Networks, Internet, Hardware, BofA Securities, Corporation, Sale, Acquisition, Security (finance), Amphenol, J.P. Morgan & Co., Prospectus, Hand

Amphenol Corporation (NYSE: APH) announced today the pricing of its offering of $450 million aggregate principal amount of senior notes due 2027 (the “2027 Notes”), $450 million aggregate principal amount of senior notes due 2029 (the “2029 Notes”) and $600 million aggregate principal amount of senior notes due 2034 (the “2034 Notes”, and together with the 2027 Notes and 2029 Notes, the “Notes”).

Key Points:

Amphenol Corporation (NYSE: APH) announced today the pricing of its offering of $450 million aggregate principal amount of senior notes due 2027 (the “2027 Notes”), $450 million aggregate principal amount of senior notes due 2029 (the “2029 Notes”) and $600 million aggregate principal amount of senior notes due 2034 (the “2034 Notes”, and together with the 2027 Notes and 2029 Notes, the “Notes”).
The 2027 Notes will have an interest rate of 5.050% per annum, the 2029 Notes will have an interest rate of 5.050% per annum, and the 2034 Notes will have an interest rate of 5.250% per annum.
The closing of the offering is expected to occur on April 5, 2024, subject to the satisfaction of customary closing conditions.
Any offer, solicitation or sale of any series of the Notes will be made only by means of the prospectus supplement and the accompanying prospectus.

CareTrust REIT Invests $60 Million in Acquisition of Three Southern California Continuing Care Retirement Communities

Retrieved on:

Tuesday, April 2, 2024

Seniors, Construction & Property, Baby Boomers, Managed Care, Health, REIT, Consumer, Residential Building & Real Estate, Nursing, Senior, Patient, CCRC, Investment, Hand

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has purchased three continuing care retirement communities (CCRCs) located in Los Angeles, Orange, and San Diego counties.

Key Points:

CareTrust REIT, Inc. (NYSE:CTRE) announced today that it has purchased three continuing care retirement communities (CCRCs) located in Los Angeles, Orange, and San Diego counties.
All three facilities will be operated by Bayshire Senior Communities, an existing CareTrust tenant based in Southern California.
CareTrust acquired Torrey Pines Senior Living, a CCRC located in San Diego, California, for a total investment amount of approximately $32.3 million (inclusive of transaction costs).
Acquisition of the other two CCRCs was completed through a joint venture arrangement entered into between CareTrust and a third-party regional healthcare real estate investor.