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Apollo Funds Agree to Sell 28.4% Stake in Vallourec to ArcelorMittal

Retrieved on:

Tuesday, March 12, 2024

ArcelorMittal, VK, APO, Partnership, Growth, Management

NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed Funds (“Apollo Funds” or the “Funds”) have agreed to sell 65.2 million common equity shares in Vallourec SA (Euronext: VK; “Vallourec”, the “Company”), a value-added manufacturer of premium tubular steel products, for €14.64 per share to ArcelorMittal.

Key Points:

NEW YORK, March 12, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed Funds (“Apollo Funds” or the “Funds”) have agreed to sell 65.2 million common equity shares in Vallourec SA (Euronext: VK; “Vallourec”, the “Company”), a value-added manufacturer of premium tubular steel products, for €14.64 per share to ArcelorMittal.
The shares sold represent a 28.4% equity interest1 in Vallourec and a total transaction value of approximately €955 million, and upon close will mark the Apollo Funds’ exit of the investment.
With Apollo’s Funds’ assistance, we have fundamentally changed the operational and financial structure of Vallourec and we believe we are on the right trajectory to deliver enhanced shareholder value over the coming years.”
After leading the financial restructuring of Vallourec, Apollo Funds became the largest equity investor in Vallourec in 2021.
The transaction is expected to close in the second half of the year, subject to satisfaction of customary closing conditions.

The Open Platform Aims to Pioneer Web3 SuperApp Development Through Wallet Integration in Telegram

Retrieved on:

Monday, September 25, 2023

Open Platform, Government censorship of Telegram Messenger, NFT, Telegram Open Network, Open platform, OnDeck Capital, Telegram (software), VK (service), First, Partner, VK, Ecosystem, Labs, Open Platform Communications, Cryptocurrency, Telegraphy, Web3, Wallet

This will include merging with the team behind Wallet, the crypto application seamlessly integrated into Telegram Messenger.

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This will include merging with the team behind Wallet, the crypto application seamlessly integrated into Telegram Messenger.
The development of Wallet has been accelerating over recent months as the team prepared to launch exciting new products.
“The Open Platform is well funded, with First Stage Labs having secured significant investment upon its creation from our partners.
In 2023 FS Labs merged with Wallet inside Telegram and rebranded and restructured, creating the newly formed company The Open Platform in the process.

The Open Platform Aims to Pioneer Web3 SuperApp Development Through Wallet Integration in Telegram

Retrieved on:

Saturday, September 16, 2023

This will include merging with the team behind Wallet, the crypto application seamlessly integrated into Telegram Messenger.

Key Points:

This will include merging with the team behind Wallet, the crypto application seamlessly integrated into Telegram Messenger.
The development of Wallet has been accelerating over recent months as the team prepared to launch exciting new products.
“The Open Platform is well funded, with First Stage Labs having secured significant investment upon its creation from our partners.
In 2023 FS Labs merged with Wallet inside Telegram and rebranded and restructured, creating the newly formed company The Open Platform in the process.

StackPath Launches Virtual Kubelet Support

Retrieved on:

Wednesday, June 28, 2023

Cloud, Computation, API, StackPath, Cloud Native Computing Foundation, Proximity, VK, Video game, Kubernetes

DALLAS, June 28, 2023 /PRNewswire/ -- StackPath, the industry-leading edge computing platform, today announced support for using Virtual Kubelet (VK), an open-source Kubernetes (K8s) technology, with StackPath Edge Compute Containers. With VK support, developers and operators can seamlessly integrate StackPath Containers (SP// Containers) into multi-cloud K8s clusters and manage them as part of their worker node deployment using standard K8s APIs/management consoles.

Key Points:

DALLAS, June 28, 2023 /PRNewswire/ -- StackPath , the industry-leading edge computing platform, today announced support for using Virtual Kubelet (VK), an open-source Kubernetes (K8s) technology, with StackPath Edge Compute Containers .
"Virtual Kubelet support delivers on all three of our core product values: speed, decentralization, and simplification," said Tom Reyes, Chief Product Officer for StackPath.
Virtual Kubelet, paired with our edge compute, is the perfect solution.
Sponsored by the Cloud Native Computing Foundation , Virtual Kubelet is a revolutionary open-source technology transforming how companies approach Kubernetes clusters.

Apax Funds make approximately $450m investment in travel tech company IBS Software

Retrieved on:

Monday, May 15, 2023

LLP, Software as a service, Partnership, Kirkland & Ellis, Culture, Aviation, Logistics, Software, Blackstone, Apax Partners, Simpson Thacher & Bartlett, Jefferies Group, IBS, VK, Growth, Management, Travel

Jason Wright, Partner, Apax, commented: "We are thrilled to partner with VK and the management team at IBS Software.

Key Points:

Jason Wright, Partner, Apax, commented: "We are thrilled to partner with VK and the management team at IBS Software.
Having closely monitored the travel software sector over the last several years, IBS Software stood out to us as uniquely positioned in the industry, offering a next-gen software suite that we believe is truly unrivalled.
We believe there is tremendous growth potential ahead and look forward to leveraging our software experience to help IBS Software become a world leader in travel and logistics software."
J.P. Morgan is acting as financial advisor to IBS Software and Blackstone, Drew & Napier LLC is acting as legal counsel to IBS Software and Simpson Thacher & Bartlett LLP is acting as legal counsel to Blackstone.

Apax Funds make approximately $450m investment in travel tech company IBS Software

Retrieved on:

Monday, May 15, 2023

Jason Wright, Partner, Apax, commented: "We are thrilled to partner with VK and the management team at IBS Software.

Key Points:

Jason Wright, Partner, Apax, commented: "We are thrilled to partner with VK and the management team at IBS Software.
Having closely monitored the travel software sector over the last several years, IBS Software stood out to us as uniquely positioned in the industry, offering a next-gen software suite that we believe is truly unrivalled.
We believe there is tremendous growth potential ahead and look forward to leveraging our software experience to help IBS Software become a world leader in travel and logistics software."
J.P. Morgan is acting as financial advisor to IBS Software and Blackstone, Drew & Napier LLC is acting as legal counsel to IBS Software and Simpson Thacher & Bartlett LLP is acting as legal counsel to Blackstone.

Statement of VK on regulatory news disclosure

Retrieved on:

Monday, May 1, 2023

LSE, UK, London, RNS, MOEX, London Stock Exchange, VK, Property management

VK Company Limited (LSE, MOEX: VKCO, “VK” or the “Company”) announces that it will discontinue regulatory news disclosure on the London Stock Exchange effective May 1, 2023 due to its inability to continue cooperation with its primary provider of press release publishing services.

Key Points:

VK Company Limited (LSE, MOEX: VKCO, “VK” or the “Company”) announces that it will discontinue regulatory news disclosure on the London Stock Exchange effective May 1, 2023 due to its inability to continue cooperation with its primary provider of press release publishing services.
VK has sent several requests to other existing providers (including RNS) authorized by the UK Financial Conduct Authority for public disclosure but has not received acceptance to cooperate.
As of May 1, 2023, the Company will not be able to disclose information under the procedures required by the Market Abuse Regulation and the UK Disclosure Guidance and Transparency Rules.
VK will continue to publish regulatory information on its corporate website and on the website of the Interfax Corporate Information Disclosure Center.

COGNYTE DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Cognyte Software Ltd. and Encourages Investors to Contact the Firm

Retrieved on:

Saturday, April 29, 2023

Investors have until May 1, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points:

Investors have until May 1, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
By December 22, 2021, Cognyte’s stock had fallen to trade at $15 per share, representing a decline of nearly 21%.
Then, on June 28, 2022, Cognyte released its first quarter 2022 financial results, which, once again, badly missed analyst estimates across the board.
On this news, Cognyte’s shares declined $1.84, or over 28.66%, to close at $4.58 per share.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Cognyte Software Ltd. (CGNT)

Retrieved on:

Saturday, April 29, 2023

Class Action Lawsuit, Professional Services, Legal, Communication, Meta Platforms, Intelligence, Law, VK (service), Suite, Annual report, VK, Court, Knowledge, Defendant, News, Social media, Cryptocurrency

The Law Offices of Frank R. Cruz reminds investors of the upcoming May 1, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Cognyte Software Ltd. (“Cognyte” or the “Company”) (NASDAQ: CGNT ) common stock between February 2, 2021 and June 28, 2022, inclusive (the “Class Period”).

Key Points:

The Law Offices of Frank R. Cruz reminds investors of the upcoming May 1, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Cognyte Software Ltd. (“Cognyte” or the “Company”) (NASDAQ: CGNT ) common stock between February 2, 2021 and June 28, 2022, inclusive (the “Class Period”).
On this news, Cognyte’s stock price fell $3.63, or 31.1%, to close at $8.03 per share on April 5, 2022.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Cognyte Software Ltd. (CGNT)

Retrieved on:

Monday, April 24, 2023

Communication, Meta Platforms, Intelligence, VK (service), Suite, Annual report, VK, Court, Knowledge, Defendant, GPM, News, Social media, Cryptocurrency

You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

Key Points:

You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
On this news, Cognyte’s stock price fell $3.63, or 31.1%, to close at $8.03 per share on April 5, 2022.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
Glancy Prongay & Murray LLP, Los Angeles