United States Congressional Joint Special Committee on Conditions of Indian Tribes

Founding Partners of Sculptor Capital Comment on Special Committee’s Rejection of Offer to Purchase the Company for $12.76 per Share

Retrieved on: 
Thursday, August 31, 2023
Other Professional Services, Asset Management, Professional Services, Finance, Committee, Disclosure, Shirin David, SCU, United States Congressional Joint Special Committee on Conditions of Indian Tribes, RITM, NYSE, Auction

The Founding Partners of Sculptor Capital Management, Inc. (“Sculptor” or the “Company”) (NYSE: SCU), which include Daniel S. Och, Harold Kelly, Richard Lyon, James O’Connor and Zoltan Varga, today commented on the recent disclosure that the Sculptor Special Committee of the Board of Directors has rejected a $12.76 per share offer by a consortium of well-known investors (identified as Bidder J in Sculptor disclosures).

Key Points: 
  • The Founding Partners of Sculptor Capital Management, Inc. (“Sculptor” or the “Company”) (NYSE: SCU), which include Daniel S. Och, Harold Kelly, Richard Lyon, James O’Connor and Zoltan Varga, today commented on the recent disclosure that the Sculptor Special Committee of the Board of Directors has rejected a $12.76 per share offer by a consortium of well-known investors (identified as Bidder J in Sculptor disclosures).
  • The Special Committee has disclosed its continued support for an $11.15 per share offer from Rithm Capital Corp (“Rithm”) (NYSE: RITM)).
  • It seems evident that such a group could augment Sculptor’s investment team while paying much more cash to the shareholders.
  • The shareholders and investors who must consent to the Rithm bid are entitled to full disclosure about the available alternatives.”
    View source version on businesswire.com: https://www.businesswire.com/news/home/20230831707533/en/

Polymetal: Update on the Company’s Russian-registered subsidiary, JSC Polymetal

Retrieved on: 
Monday, June 5, 2023
State, Employment, NOT, FOR, Nursultan Nazarbayev International Airport, AO, Metal, Privacy Office of the U.S. Department of Homeland Security, Ertis, Business, Committee, Mass meeting, Annual general meeting, Circular, OF, Astana International Financial Centre, LAWS, Risk, United States Congressional Joint Special Committee on Conditions of Indian Tribes, United, Executive order, Practice of law, Audit, Management, Cryptocurrency, Holding company, Uranium mining, EU

Update on the Company’s Russian-registered subsidiary, JSC Polymetal

Key Points: 
  • Update on the Company’s Russian-registered subsidiary, JSC Polymetal
    Polymetal International plc (the “Company”, the “Group” or “Polymetal”) wishes to provide a further update on the measures it is taking with respect to its Russian operations following the recent designation of the Company’s subsidiary, JSC Polymetal (AO Polymetal) by the U.S. Department of State.
  • Vitaly Nesis, Chief Executive Officer, and Maxim Nazimok, Chief Financial Officer, have resigned from all executive positions with, and terminated their employment at, JSC Polymetal and its subsidiaries.
  • Management of the Russian operations has been delegated to the executives of JSC Polymetal.
  • All service agreements between the Company and its non-Russian subsidiaries, and JSC Polymetal and its subsidiaries, have been terminated.

Hyzon Motors Announces Receipt of Nasdaq Listing Determination; Company to Request Hearing and Further Stay

Retrieved on: 
Thursday, February 9, 2023
Bank statement, Auditing Standards Board, Magazine, Public Company Accounting Oversight Board, Audit committee, Security (finance), Form 10-K, Committee, KPMG LLP, Annual report, KPMG, Quarter, Hearing, United States Congressional Joint Special Committee on Conditions of Indian Tribes, Hyzon Motors, The Company, Cryptocurrency, Accounting, Audit

By February 10, 2023, the Company plans to appeal the Staff Determination and request a hearing before the Nasdaq Hearings Panel (the "Hearings Panel").

Key Points: 
  • By February 10, 2023, the Company plans to appeal the Staff Determination and request a hearing before the Nasdaq Hearings Panel (the "Hearings Panel").
  • Under Nasdaq Listing Rules, a request for a hearing regarding a delinquent filing automatically stays the delisting process of the Company's securities for a period of 15 days from the date of the request.
  • However, the Company intends to request a stay of the suspension of its securities pending the hearing which, according to the Staff Determination, is typically scheduled to occur approximately 30-45 days after the date of the hearing request.
  • The Company intends to restate and reissue the consolidated financial statements relating to the Non-Reliance Period as soon as practicable.

Hyzon Motors Announces Receipt of Nasdaq Listing Determination; Company to Request Hearing and Further Stay

Retrieved on: 
Thursday, February 9, 2023
Bank statement, Auditing Standards Board, Magazine, Public Company Accounting Oversight Board, Audit committee, Security (finance), Form 10-K, Committee, KPMG LLP, Annual report, KPMG, Quarter, Hearing, United States Congressional Joint Special Committee on Conditions of Indian Tribes, Hyzon Motors, The Company, Cryptocurrency, Accounting, Audit

By February 10, 2023, the Company plans to appeal the Staff Determination and request a hearing before the Nasdaq Hearings Panel (the "Hearings Panel").

Key Points: 
  • By February 10, 2023, the Company plans to appeal the Staff Determination and request a hearing before the Nasdaq Hearings Panel (the "Hearings Panel").
  • Under Nasdaq Listing Rules, a request for a hearing regarding a delinquent filing automatically stays the delisting process of the Company's securities for a period of 15 days from the date of the request.
  • However, the Company intends to request a stay of the suspension of its securities pending the hearing which, according to the Staff Determination, is typically scheduled to occur approximately 30-45 days after the date of the hearing request.
  • The Company intends to restate and reissue the consolidated financial statements relating to the Non-Reliance Period as soon as practicable.

Duck Creek Agrees to be Acquired by Vista Equity Partners for $2.6 Billion

Retrieved on: 
Monday, January 9, 2023
Slate, Vista, Paul, Weiss, Rifkind, Wharton & Garrison, Insurance, Committee, Senior, Calendar, Partnership, Kirkland & Ellis, Vista Equity Partners, LLP, P&C, Skadden, United States Congressional Joint Special Committee on Conditions of Indian Tribes, Acquisition, Disclosure, Risk management, Hunting

BOSTON, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies (NASDAQ: DCT), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, today announces it has entered into a definitive agreement to be acquired by Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, for $19.00 per share, in an all-cash transaction valued at approximately $2.6 billion.

Key Points: 
  • “Duck Creek is proud to have pioneered cloud-based mission-critical systems for the P&C insurance industry to deliver a best-in-class customer experience.
  • Following the recommendation of the Special Committee, the Duck Creek Board of Directors approved the merger agreement with Vista Equity Partners.
  • Vista Equity Partners intends to finance the transaction with fully committed equity financing that is not subject to any financing condition.
  • J.P. Morgan is acting as financial advisor to Duck Creek, and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel to Duck Creek.

YourWay Announces Resignation of Auditor

Retrieved on: 
Tuesday, December 20, 2022
OTC, SEDAR, United States Congressional Joint Special Committee on Conditions of Indian Tribes, Public opinion, MGO, CSE, Risk, Federation, Regulation, Committee, National instrument, Audit committee, House, Investigator, News, FSE, Perception, Cannabis, Multimedia, HOB, NI, Legislation, Letter, Sale, Brand, Cryptocurrency, Audit, Drug, Risk management, Investigation, COVID-19

As of the date hereof, YourWay has not yet appointed a successor auditor.

Key Points: 
  • As of the date hereof, YourWay has not yet appointed a successor auditor.
  • The Special Committee and the Company's current management team is actively seeking a new auditor for the Company.
  • "MGO's resignation has now set back our efforts to finalize and release our audited annual financial statements for the year ended December 31, 2021."
  • As soon as a successor auditor has been appointed, the Company will file a further press release confirming such appointment.

Mountain Province Diamonds Completes Previously Announced Refinancing Transaction

Retrieved on: 
Thursday, December 15, 2022
Travel, Relational Investors, Indenture, Toronto Stock Exchange, Committee, Mining, Negotiation, OTC, United States Congressional Joint Special Committee on Conditions of Indian Tribes, Note, Multilateral, AND, Knowledge, Hand, Investment, Inference, NPV, COVID-19, Senior, International joint venture, News, Transaction, Michael Faraday, Minority, MI, Public expenditure, Technical report, TSX, De Beers, SEDAR, Risk, Security (finance), Bank, Gemstone, Risk management, Audit, Mountain Province Diamonds, News & Notes

TORONTO AND NEW YORK, Dec. 15, 2022 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province" or the "Company") (TSX : MPVD) (OTC: MPVD) today announces the closing of its previously announced refinancing transaction (the "Transaction") involving the issuance of US$195.0 million aggregate principal amount of its 9.000% Senior Secured Second Lien Notes due 2025 (the "New Notes") to refinance US$189,150,000 aggregate principal amount of the Company's existing 8.000% Senior Secured Second Lien Notes due 2022 (the "Existing Notes").

Key Points: 
  • TORONTO AND NEW YORK, Dec. 15, 2022 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province" or the "Company") (TSX : MPVD) (OTC: MPVD) today announces the closing of its previously announced refinancing transaction (the "Transaction") involving the issuance of US$195.0 million aggregate principal amount of its 9.000% Senior Secured Second Lien Notes due 2025 (the "New Notes") to refinance US$189,150,000 aggregate principal amount of the Company's existing 8.000% Senior Secured Second Lien Notes due 2022 (the "Existing Notes").
  • About Mountain Province Diamonds Inc.
    Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories.
  • For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com .
  • The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator.

Mountain Province Diamonds Completes Previously Announced Refinancing Transaction

Retrieved on: 
Thursday, December 15, 2022
Travel, Relational Investors, Indenture, Toronto Stock Exchange, Committee, Mining, Negotiation, OTC, United States Congressional Joint Special Committee on Conditions of Indian Tribes, Note, Multilateral, AND, Knowledge, Hand, Investment, Inference, NPV, COVID-19, Senior, International joint venture, News, Transaction, Michael Faraday, Minority, MI, Public expenditure, Technical report, TSX, De Beers, SEDAR, Risk, Security (finance), Bank, Gemstone, Risk management, Audit, Mountain Province Diamonds, News & Notes

TORONTO AND NEW YORK, Dec. 15, 2022 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province" or the "Company") (TSX : MPVD) (OTC: MPVD) today announces the closing of its previously announced refinancing transaction (the "Transaction") involving the issuance of US$195.0 million aggregate principal amount of its 9.000% Senior Secured Second Lien Notes due 2025 (the "New Notes") to refinance US$189,150,000 aggregate principal amount of the Company's existing 8.000% Senior Secured Second Lien Notes due 2022 (the "Existing Notes"). The remaining balance of the Existing Notes, which matured today, were repaid with cash on hand.

Key Points: 
  • TORONTO AND NEW YORK, Dec. 15, 2022 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province" or the "Company") (TSX : MPVD) (OTC: MPVD) today announces the closing of its previously announced refinancing transaction (the "Transaction") involving the issuance of US$195.0 million aggregate principal amount of its 9.000% Senior Secured Second Lien Notes due 2025 (the "New Notes") to refinance US$189,150,000 aggregate principal amount of the Company's existing 8.000% Senior Secured Second Lien Notes due 2022 (the "Existing Notes").
  • About Mountain Province Diamonds Inc.
    Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories.
  • For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com .
  • The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator.

Mountain Province Diamonds Announces Results of Special Meeting of Shareholders, with Shareholders Voting to Approve Previously Announced Refinancing Transaction

Retrieved on: 
Tuesday, December 13, 2022
Travel, Relational Investors, Committee, Mining, Negotiation, United States Congressional Joint Special Committee on Conditions of Indian Tribes, OID, Knowledge, Inference, COVID-19, EBITDA, News, Transaction, Michael Faraday, MI, Public expenditure, De Beers, SEDAR, Risk, Sales, Bank, Gemstone, Risk management, Audit

The Special Committee unanimously recommended the Transaction to the board of directors of the Company (the "Board").

Key Points: 
  • The Special Committee unanimously recommended the Transaction to the board of directors of the Company (the "Board").
  • About Mountain Province Diamonds Inc.
    Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories.
  • For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com .
  • The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator.

Mountain Province Diamonds Announces Results of Special Meeting of Shareholders, with Shareholders Voting to Approve Previously Announced Refinancing Transaction

Retrieved on: 
Tuesday, December 13, 2022
Travel, Relational Investors, Committee, Mining, Negotiation, Suite, United States Congressional Joint Special Committee on Conditions of Indian Tribes, OID, Knowledge, Inference, COVID-19, EBITDA, News, Transaction, Michael Faraday, MI, Public expenditure, De Beers, SEDAR, Risk, Sales, Bank, Gemstone, Risk management, Audit, Bay Street

TORONTO and NEW YORK, Dec. 13, 2022 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province" or the "Company") (TSX: MPVD) (OTC: MPVD) is pleased to announce that at its special meeting of shareholders held on December 12, 2022 (the "Special Meeting") 99.3% of the votes held by disinterested shareholders were cast in favour the previously announced refinancing transaction involving the issuance of approximately US$195.0 million aggregate principal amount of new senior secured second lien loan notes (the "New  Loan  Notes") to refinance  US$189,150,000 of the Company's existing 8.000% Senior Secured Second Lien Notes due 2022 (the "Existing Notes").

Key Points: 
  • The Special Committee unanimously recommended the Transaction to the board of directors of the Company (the "Board").
  • About Mountain Province Diamonds Inc.
    Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories.
  • For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com .
  • The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator.