Treasury

Sovos' Compliance Experts Recognized in Accounting Today's Top 100 and BIG Innovation Awards

Retrieved on: 
Wednesday, January 11, 2023
Government, SCOTUS, Partnership, Accounting Today, IRS, Fiserv, ICC, Chinese, Maniace, Research, American Rescue Plan Act of 2021, Schneider Electric, Friction, Use tax, Organization, CFO, Federation, International Chamber of Commerce, Walker, Growth, Information, Honeywell, Treasury, Internet Telephony Services Providers' Association, European, Commerce, International, Management, Sovo, Accounting

BOSTON, Jan. 11, 2023 /PRNewswire-PRWeb/ -- Global tax compliance provider Sovos today announced that Wendy Walker, solution principal, and Charles Maniace, vice president of regulatory analysis and design, were recognized in Accounting Today's Top 100 Most Influential People in Accounting. Accounting Today's list acknowledges the industry's authoritative thought leaders, change makers, regulatory and other leaders who are shaping the profession. Additionally, Christiaan van der Valk, vice president of strategy and regulatory, was named a winner of Business Intelligence Group's 2023 BIG Innovation Award. The BIG Innovation Awards recognize organizations and people who bring new ideas to the table and change the way we experience the world.

Key Points: 
  • Accounting Today's list acknowledges the industry's authoritative thought leaders, change makers, regulatory and other leaders who are shaping the profession.
  • Additionally, Christiaan van der Valk, vice president of strategy and regulatory, was named a winner of Business Intelligence Group's 2023 BIG Innovation Award .
  • The BIG Innovation Awards recognize organizations and people who bring new ideas to the table and change the way we experience the world.
  • He was the global vice president of strategy and innovation for Schneider Electric prior to joining Sovos.

DSM - delivery of shares

Retrieved on: 
Tuesday, January 10, 2023
Offering circular, DSM, Exchange, DSM (company), Animal, Royal, Nutrition, Exercise, Treasury, Euronext Amsterdam, Security (finance), Health

HEERLEN, Netherlands, Jan. 10, 2023 /PRNewswire/ -- Following the Offering Circular published on 22 November 2022, Royal DSM is required to announce transactions relating to the ordinary shares in its capital in accordance with the Dutch public offer rules. This includes the delivery of treasury shares to employees in view of settling the vesting of share units or the exercise of stock options.

Key Points: 
  • This includes the delivery of treasury shares to employees in view of settling the vesting of share units or the exercise of stock options.
  • Pursuant to commitments entered into prior to issuing the Offering Circular, DSM has on 10 January 2023, delivered 150 ordinary shares to employees in view of settling the exercise of an equivalent number of stock options granted under the respective DSM Incentive Plan (average exercise price €85.00).
  • On the date hereof, the total number of issued and outstanding DSM ordinary shares is 173,079,360.
  • As a consequence of the delivery included herein, the number of outstanding DSM ordinary shares increased by 0.0001%.

Ondo Launches Tokenized US Treasuries and Bonds, Targeting $100 Billion Stablecoin Market

Retrieved on: 
Tuesday, January 10, 2023
Ethereum, Black Rock, Daos, Treasury, PIMCO, Ondo, Vernacular, Compound, United States Treasury security, APR, Coinbase, Risk, ETF, Cryptocurrency

GREENWICH, Conn., Jan. 10, 2023 /PRNewswire/ -- Ondo Finance ( https://ondo.finance ) today announced the launch of a tokenized fund allowing stablecoin holders globally to invest in bonds and US Treasuries.

Key Points: 
  • GREENWICH, Conn., Jan. 10, 2023 /PRNewswire/ -- Ondo Finance ( https://ondo.finance ) today announced the launch of a tokenized fund allowing stablecoin holders globally to invest in bonds and US Treasuries.
  • Meanwhile, an inverted yield curve and the potential for the federal funds rate to exceed 5% make short-term Treasuries a particularly compelling asset.
  • "We're delighted to bring to market high-quality, institutional-grade offerings like our tokenized US Treasuries."
  • Ondo envisions investors using smart contracts to engage in on-chain trading and lending with the fund tokens alongside traditional cryptoassets.

Ondo Launches Tokenized US Treasuries and Bonds, Targeting $100 Billion Stablecoin Market

Retrieved on: 
Tuesday, January 10, 2023
Ethereum, Black Rock, Daos, Treasury, PIMCO, Ondo, Vernacular, Compound, United States Treasury security, APR, Coinbase, Risk, ETF, Cryptocurrency

GREENWICH, Conn., Jan. 10, 2023 /PRNewswire/ -- Ondo Finance ( https://ondo.finance ) today announced the launch of a tokenized fund allowing stablecoin holders globally to invest in bonds and US Treasuries.

Key Points: 
  • GREENWICH, Conn., Jan. 10, 2023 /PRNewswire/ -- Ondo Finance ( https://ondo.finance ) today announced the launch of a tokenized fund allowing stablecoin holders globally to invest in bonds and US Treasuries.
  • Meanwhile, an inverted yield curve and the potential for the federal funds rate to exceed 5% make short-term Treasuries a particularly compelling asset.
  • "We're delighted to bring to market high-quality, institutional-grade offerings like our tokenized US Treasuries."
  • Ondo envisions investors using smart contracts to engage in on-chain trading and lending with the fund tokens alongside traditional cryptoassets.

Safeguard Global Expands Suite of Solutions to Better Serve Companies Growing Internationally

Retrieved on: 
Tuesday, January 10, 2023
Acquisition, Organization, Workforce, Tax, HR, Risk, Treasury

AUSTIN, Texas, Jan. 10, 2023 /PRNewswire/ -- Safeguard Global, long recognized as the leading provider of global employer of record and centralized global payroll solutions, is introducing a full suite of solutions to better serve emerging and established multinational companies. Safeguard Global offers companies a range of HR solutions needed for global expansion, including recruitment, hiring, payroll and workforce operations analytics, as well as management of in-country entity set-up, HR services, tax and accounting services and treasury services.

Key Points: 
  • AUSTIN, Texas, Jan. 10, 2023 /PRNewswire/ -- Safeguard Global, long recognized as the leading provider of global employer of record and centralized global payroll solutions, is introducing a full suite of solutions to better serve emerging and established multinational companies.
  • Safeguard Global offers companies a range of HR solutions needed for global expansion, including recruitment, hiring, payroll and workforce operations analytics, as well as management of in-country entity set-up, HR services, tax and accounting services and treasury services.
  • Safeguard Global completed an acquisition last year designed to enhance its offerings to meet the increased demand for global workforce management solutions.
  • To help further support this, in addition to unveiling the full suite of solutions, Safeguard Global is launching an online tool that will help employers quickly identify the worker misclassification risk in more than 170 countries.

DPR Construction Appoints Angela Floyd as Chief Financial Officer

Retrieved on: 
Tuesday, January 10, 2023
Business improvement districts in the United States, Balfour Beatty Construction, DPR, Organization, CFO, Construction, Safety, Health, Treasury, Dallas–Fort Worth metroplex, DPR Construction, Management

REDWOOD CITY, Calif., Jan. 10, 2023 /PRNewswire/ -- DPR Construction, one of the nation's top technical builders, today announces it has appointed Angela Floyd as the company's Chief Financial Officer, effective January 1, 2023. Floyd has nearly two decades of experience as a seasoned strategist – providing oversight of financial services, financial reporting and analysis, tax, treasury and internal audit functions. In her role, Floyd, who is based in the Dallas-Ft. Worth Metroplex, will work to capitalize on the wide range of opportunities that come with being a forward-thinking, global organization in concert with the development and implementation of best-in-class enterprise processes, metrics and financial controls that continuously help to improve service, quality and performance. 

Key Points: 
  • Tenured leader of finance and business improvement, Floyd to focus on balancing opportunities to help transform the construction industry
    REDWOOD CITY, Calif., Jan. 10, 2023 /PRNewswire/ -- DPR Construction , one of the nation's top technical builders, today announces it has appointed Angela Floyd as the company's Chief Financial Officer, effective January 1, 2023.
  • Floyd has nearly two decades of experience as a seasoned strategist – providing oversight of financial services, financial reporting and analysis, tax, treasury and internal audit functions.
  • "In an organization that prides itself on shared leadership, Angela has proven herself an adept collaborator," said DPR CEO George Pfeffer.
  • A tenured industry professional, Floyd held business roles at Balfour Beatty Construction, including Vice President of Business Improvement and Director, prior to joining DPR.

CRAYFISH BIDCO OY, A FINNISH COMPANY CONTROLLED BY TRITON FUND V, ANNOUNCES A VOLUNTARY PUBLIC CASH TENDER OFFER FOR ALL THE SHARES IN CAVERION CORPORATION

Retrieved on: 
Tuesday, January 10, 2023
Tender offer, EEST, Offer and acceptance, Knowledge, Nasdaq Helsinki, Growth, EET, Completion, Bain Capital, European Commission, Regulation, Investment, FOR, ID, Disclosure, Royal commission, News, Chapter 11, Title 11, United States Code, LLP, J. P. Morgan, Failure, Tender, BY, Finnish Financial Supervisory Authority, Acquisition, Condition, Interest, DNB ASA, Treasury, EUR, AFRICA, Swedbank, Letter, NOT, Share, DACH, Security (finance), Cryptocurrency, Management, Insurance, Airline, Bank, Retail, Risk management, Medical device, Renewable energy, Financial services, Animal, Financial adviser, Auction, Credit, Triton, Caverion, Nordic, Share (finance)

HELSINKI, Finland, Jan. 10, 2023 /PRNewswire/ -- Crayfish BidCo Oy (the "Offeror"), a Finnish private limited liability company indirectly controlled by the entities comprising Triton Fund V (together "Triton"), hereby announces a voluntary public cash tender offer for all the issued and outstanding shares in Caverion Corporation ("Caverion" or the "Company") that are not held by Caverion or any of its subsidiaries (the "Shares" or, individually, a "Share") (the "Tender Offer"). The shareholders of Caverion (other than Caverion or its subsidiaries) will be offered a cash consideration of EUR 8.00 for each Share validly tendered in the Tender Offer (the "Offer Price").

Key Points: 
  • HELSINKI, Finland, Jan. 10, 2023 /PRNewswire/ -- Crayfish BidCo Oy (the "Offeror"), a Finnish private limited liability company indirectly controlled by the entities comprising Triton Fund V (together "Triton"), hereby announces a voluntary public cash tender offer for all the issued and outstanding shares in Caverion Corporation ("Caverion" or the "Company") that are not held by Caverion or any of its subsidiaries (the "Shares" or, individually, a "Share") (the "Tender Offer").
  • The Offer Price under the Tender Offer is EUR 8.00 in cash for each Share validly tendered in the Tender Offer, subject to any adjustments as set out in section "The Tender Offer in Brief" below.
  • The Offeror believes that the Tender Offer is a superior alternative to the shareholders of Caverion as compared to the pending Bain Capital Offer.
  • The Offeror expects to publish a tender offer document (the "Tender Offer Document") with detailed information on the Tender Offer on or about 30 January 2023.

CRAYFISH BIDCO OY, A FINNISH COMPANY CONTROLLED BY TRITON FUND V, ANNOUNCES A VOLUNTARY PUBLIC CASH TENDER OFFER FOR ALL THE SHARES IN CAVERION CORPORATION

Retrieved on: 
Tuesday, January 10, 2023
Tender offer, EEST, Offer and acceptance, Knowledge, Nasdaq Helsinki, Growth, EET, Completion, Bain Capital, European Commission, Regulation, Investment, FOR, ID, Disclosure, Royal commission, News, Chapter 11, Title 11, United States Code, LLP, J. P. Morgan, Failure, Tender, BY, Finnish Financial Supervisory Authority, Acquisition, Condition, Interest, DNB ASA, Treasury, EUR, AFRICA, Swedbank, Letter, NOT, Share, DACH, Security (finance), Cryptocurrency, Management, Insurance, Airline, Bank, Retail, Risk management, Medical device, Renewable energy, Financial services, Animal, Financial adviser, Auction, Credit, Triton, Caverion, Nordic, Share (finance)

HELSINKI, Finland, Jan. 10, 2023 /PRNewswire/ -- Crayfish BidCo Oy (the "Offeror"), a Finnish private limited liability company indirectly controlled by the entities comprising Triton Fund V (together "Triton"), hereby announces a voluntary public cash tender offer for all the issued and outstanding shares in Caverion Corporation ("Caverion" or the "Company") that are not held by Caverion or any of its subsidiaries (the "Shares" or, individually, a "Share") (the "Tender Offer"). The shareholders of Caverion (other than Caverion or its subsidiaries) will be offered a cash consideration of EUR 8.00 for each Share validly tendered in the Tender Offer (the "Offer Price").

Key Points: 
  • HELSINKI, Finland, Jan. 10, 2023 /PRNewswire/ -- Crayfish BidCo Oy (the "Offeror"), a Finnish private limited liability company indirectly controlled by the entities comprising Triton Fund V (together "Triton"), hereby announces a voluntary public cash tender offer for all the issued and outstanding shares in Caverion Corporation ("Caverion" or the "Company") that are not held by Caverion or any of its subsidiaries (the "Shares" or, individually, a "Share") (the "Tender Offer").
  • The Offer Price under the Tender Offer is EUR 8.00 in cash for each Share validly tendered in the Tender Offer, subject to any adjustments as set out in section "The Tender Offer in Brief" below.
  • The Offeror believes that the Tender Offer is a superior alternative to the shareholders of Caverion as compared to the pending Bain Capital Offer.
  • The Offeror expects to publish a tender offer document (the "Tender Offer Document") with detailed information on the Tender Offer on or about 30 January 2023.

DSM - delivery of shares

Retrieved on: 
Monday, January 9, 2023
Offering circular, DSM, Exchange, DSM (company), Animal, Royal, Nutrition, Exercise, Treasury, Euronext Amsterdam, Security (finance), Health

HEERLEN, Netherlands, Jan. 9, 2023 /PRNewswire/ -- Following the Offering Circular published on 22 November 2022, Royal DSM is required to announce transactions relating to the ordinary shares in its capital in accordance with the Dutch public offer rules. This includes the delivery of treasury shares to employees in view of settling the vesting of share units or the exercise of stock options.

Key Points: 
  • This includes the delivery of treasury shares to employees in view of settling the vesting of share units or the exercise of stock options.
  • Pursuant to commitments entered into prior to issuing the Offering Circular, DSM has on 9 January 2023, delivered 765 ordinary shares to employees in view of settling the exercise of an equivalent number of stock options granted under the respective DSM Incentive Plan (average exercise price €69.37).
  • On the date hereof, the total number of issued and outstanding DSM ordinary shares is 173,079,210.
  • As a consequence of the delivery included herein, the number of outstanding DSM ordinary shares increased by 0.0004%.

Seniors Housing and Care M&A Activity Hits Record in 2022, According to Data From LevinPro LTC

Retrieved on: 
Monday, January 9, 2023
Health care, Treasury, Acquisition, CCRC, SNF, New Senior Investment Group, Holiday Retirement, Housing, Video game, Bank

NEW CANAAN, Conn., Jan. 9, 2023 /PRNewswire-PRWeb/ -- The number of publicly announced seniors housing and care acquisitions in 2022 rose to 527 deals, based on new acquisition data from LevinPro LTC. This represents a 17% increase from the 450 transactions disclosed in 2021. However, the $14.02 billion spent on 2022 transactions fell by 27% from the $19.32 billion spent on 2021 transactions, based on disclosed prices.

Key Points: 
  • Seniors housing and care M&A activity hit an all-time high in 2022 with 527 transactions, according to data from LevinPro LTC.
  • NEW CANAAN, Conn., Jan. 9, 2023 /PRNewswire-PRWeb/ -- The number of publicly announced seniors housing and care acquisitions in 2022 rose to 527 deals, based on new acquisition data from LevinPro LTC.
  • In addition, annual results of the seniors housing and care acquisition markets will be published this year in the 28th Edition of The Senior Care Acquisition Report.
  • The company publishes research reports and newsletters, and maintains databases on the healthcare and seniors housing M&A markets.