Slate

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.

Americans Still in the Dark: New Data from MyFitnessPal Reveals Sizable Continuing Gaps in Basic Nutritional Knowledge

Retrieved on: 
Thursday, March 7, 2024

NEW YORK, March 7, 2024 /PRNewswire/ -- The beginning of a new year is when health and wellness are top of mind for consumers, but new data reveals ongoing gaps in nutrition knowledge of Americans that could be hindering their personal goals. MyFitnessPal, the leading global nutrition and food tracking app, recently conducted their Nutrition IQ 2.0 survey1, in follow up to initial results from 2022. Trends from the data show that Americans have more to learn in 2024, with the majority of Americans still unaware of the nutritional value and content in their daily diet. With the data showing that Americans' knowledge of nutrition has not deepened significantly over the past two years, MyFitnessPal formed a scientific advisory council to guide the development of nutrition content, tools, and features that support members in achieving their health and nutrition goals.

Key Points: 
  • MyFitnessPal , the leading global nutrition and food tracking app, recently conducted their Nutrition IQ 2.0 survey1, in follow up to initial results from 2022.
  • Trends from the data show that Americans have more to learn in 2024, with the majority of Americans still unaware of the nutritional value and content in their daily diet.
  • Compared to 2022, Americans are still overestimating calorie count and protein content, while underestimating fat and carb content.
  • A majority of Scott's clients are males looking to lose weight, but they're also looking to address longevity and gut health.

NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES OVER $1 BILLION EQUITY INVESTMENT ANCHORED BY FORMER U.S. TREASURY SECRETARY STEVEN MNUCHIN'S LIBERTY STRATEGIC CAPITAL, HUDSON BAY AND REVERENCE CAPITAL

Retrieved on: 
Wednesday, March 6, 2024

HICKSVILLE, N.Y., March 6, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) ("NYCB" or the "Company") today announced that Liberty Strategic Capital ("Liberty"), Hudson Bay Capital ("Hudson Bay"), Reverence Capital Partners ("Reverence Capital"), Citadel Securities ("Citadel"), other institutional investors and certain members of the Company's management (collectively, the "Investors") will make a combined over $1 billion investment in the Company, subject to finalization of definitive documentation and receipt of applicable regulatory approvals. Liberty is expected to invest $450 million, Hudson Bay will invest $250 million, and Reverence will invest $200 million as part of the transaction.  

Key Points: 
  • Liberty is expected to invest $450 million, Hudson Bay will invest $250 million, and Reverence will invest $200 million as part of the transaction.
  • Secretary Steven Mnuchin stated, "In evaluating this investment, we were mindful of the Bank's credit risk profile.
  • We enter this next chapter with a strong balance sheet and liquidity position supported by a diversified and retail focused deposit base.
  • Sullivan & Cromwell LLP is serving as legal counsel to Liberty Strategic Capital.

Rad Power Bikes Introduces Its Safest, Most Advanced Ebikes with New, Industry Leading Battery

Retrieved on: 
Tuesday, March 5, 2024

SEATTLE, March 5, 2024 /PRNewswire/ -- Rad Power Bikes™ today announced the beginning of an innovative next chapter with the launch of four versatile ebikes and the newly engineered Safe Shield™ Battery with thermal resistant technology. With this significant addition to the brand's lineup, Rad Power Bikes is building on its heritage of providing high-quality, accessible ebikes while achieving beyond the current industry requirements for safety.

Key Points: 
  • With this significant addition to the brand's lineup, Rad Power Bikes is building on its heritage of providing high-quality, accessible ebikes while achieving beyond the current industry requirements for safety.
  • Rad Power Bikes has made industry-leading commitments to battery safety, quality, and certification, setting new, higher standards for the entire micromobility sector.
  • To improve rider control and stability, Rad Power Bikes condensed the frame and lowered the bike's center of gravity.
  • Compatible as an upgrade for all models that use a Rad Power Bikes semi-integrated battery (RadRunner 3 Plus, RadRover 6 Plus, RadCity 5 Plus)
    Not for use on non-Rad Power Bikes branded ebikes.

Real Estate Veteran Evan Levy Joins Amherst as Vice Chairman

Retrieved on: 
Wednesday, February 28, 2024

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- The Amherst Group ("Amherst"), a real estate investment, development, and operating platform, today announced that Evan Levy has joined the firm as Vice Chairman and member of the Executive Committee, effective immediately.

Key Points: 
  • NEW YORK, Feb. 28, 2024 /PRNewswire/ -- The Amherst Group ("Amherst"), a real estate investment, development, and operating platform, today announced that Evan Levy has joined the firm as Vice Chairman and member of the Executive Committee, effective immediately.
  • Mr. Levy brings nearly three decades of industry expertise representing and advising some of the largest national and international real estate companies on their most complex real estate transactions.
  • He joins Amherst from international law firm Weil, Gotshal & Manges LLP ("Weil") where he has served as Co-Head of the firm's Real Estate Group since 2019.
  • While at Weil, Mr. Levy was recognized twice as a Law360 Real Estate MVP, and his team was recognized three times as the Law360 Real Estate Practice Group of the Year, among other national and international awards.

Criteo Comments on Letter from Petrus Advisers

Retrieved on: 
Friday, February 23, 2024

While we do not comment on discussions with specific shareholders, it is important to note that members of Criteo's management team and Board have held a number of discussions with Petrus Advisers over the past three years.

Key Points: 
  • While we do not comment on discussions with specific shareholders, it is important to note that members of Criteo's management team and Board have held a number of discussions with Petrus Advisers over the past three years.
  • We are carefully reviewing their letter and hope to continue to engage constructively with them.
  • We are disciplined in our approach to capital allocation to drive value, which includes returning capital to shareholders through share buybacks.
  • Evercore is serving as financial advisor to Criteo and Skadden, Arps, Slate, Meagher & Flom LLP is serving as its legal counsel.

MoloLamken Adds Distinguished Federal Prosecutor of International Financial Crime

Retrieved on: 
Wednesday, February 21, 2024

NEW YORK, Feb. 21, 2024 /PRNewswire/ -- MoloLamken LLP, a premier national litigation boutique, today announced that Anden Chow, a distinguished federal prosecutor, has joined the firm as a partner in the New York office.

Key Points: 
  • NEW YORK, Feb. 21, 2024 /PRNewswire/ -- MoloLamken LLP, a premier national litigation boutique, today announced that Anden Chow, a distinguished federal prosecutor, has joined the firm as a partner in the New York office.
  • Chow spent a decade as an Assistant United States Attorney for the Southern District of New York, where he was most recently a senior member of the unit that led investigations and prosecutions into international financial crime.
  • "Anden is an exceptionally talented lawyer who has worked on some of the most cutting-edge international financial crime cases and investigations," said partner and firm co-founder Steven Molo .
  • Chow is the second federal prosecutor to join MoloLamken in recent months.

Lotus Tech and L Catterton Asia Acquisition Corp Announce Closing of Business Combination

Retrieved on: 
Tuesday, February 20, 2024

NEW YORK and SINGAPORE, Feb. 20, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, and L Catterton Asia Acquisition Corp ("LCAA") (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates of L Catterton, a leading global consumer-focused investment firm, announced today that their previously proposed business combination is expected to be completed on February 22, 2024. The combined company will retain Lotus Tech's name as "Lotus Technology Inc." and its American Depositary Shares (ADS) will commence trading on the Nasdaq under the ticker symbol "LOT" on February 23, 2024. The business combination was approved by LCAA shareholders at an extraordinary general meeting held on February 2, 2024.

Key Points: 
  • The business combination was approved by LCAA shareholders at an extraordinary general meeting held on February 2, 2024.
  • "We are thrilled to announce our upcoming debut on the Nasdaq as we complete our business combination with LCAA," said Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech.
  • We look forward to accelerating our growth as a listed company, leading the electric transformation of the global luxury BEV market together with L Catterton."
  • Lotus Tech will ring the Nasdaq opening bell in New York City on February 23, 2024 to commemorate the Company's public listing.

S&P Global agrees to acquire Visible Alpha, enhancing investment research capabilities in S&P Capital IQ Pro Platform

Retrieved on: 
Tuesday, February 20, 2024

NEW YORK, Feb. 20, 2024 /PRNewswire/ -- S&P Global (NYSE: SPGI) today announced an agreement to acquire Visible Alpha, the financial technology provider of deep industry and segment consensus data, sell-side analyst models and analytics from high-quality, exclusive sources. The acquisition will create a premium offering of fundamental investment research capabilities on S&P Global Market Intelligence's Capital IQ Pro platform. The combination of Visible Alpha with S&P Capital IQ Pro, the flagship S&P Global platform for research and analysis across institutional and corporate markets, reflects S&P Global's continued commitment to be the foremost provider in this space.

Key Points: 
  • The acquisition will create a premium offering of fundamental investment research capabilities on S&P Global Market Intelligence's Capital IQ Pro platform.
  • The combination of Visible Alpha with S&P Capital IQ Pro, the flagship S&P Global platform for research and analysis across institutional and corporate markets, reflects S&P Global's continued commitment to be the foremost provider in this space.
  • "We remain focused on providing our customers outsized value with the very best capabilities," said Adam Kansler, President of S&P Global Market Intelligence.
  • Jefferies LLC is acting as Visible Alpha's exclusive financial advisor and Morgan, Lewis & Bockius LLP is acting as Visible Alpha's legal advisor.

WELLS FARGO ALERT: Bragar Eagel & Squire, P.C. is Investigating Wells Fargo & Company on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Retrieved on: 
Friday, February 16, 2024

Our investigation concerns whether the board of directors of Wells Fargo have breached their fiduciary duties to the company.

Key Points: 
  • Our investigation concerns whether the board of directors of Wells Fargo have breached their fiduciary duties to the company.
  • In addition, at least one interviewer on the hiring panel must represent a historically underrepresented group with respect to at least one diversity dimension.
  • On this news, Wells Fargo’s common stock price fell $-.44 per share, or 1.04%, over two trading sessions, closing at $41.67 per share on May 20, 2022.
  • The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies.