MBO

Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. to Merge to Create a Premier Permian Independent Oil and Gas Company

Retrieved on: 
Monday, February 12, 2024
Permian, Hart–Scott–Rodino Antitrust Improvements Act, Jefferies Group, FANG, Capital market, Vinson & Elkins, Culture, Growth, Diamondback Energy, Safety, Standstill, Webcast, Citigroup, Security (finance), Goldman Sachs, Hand, Logic, MBO, Management

The combination will create a premier Permian independent operator.

Key Points: 
  • The combination will create a premier Permian independent operator.
  • The transaction consideration will consist of approximately 117.3 million shares of Diamondback common stock and $8 billion of cash, subject to customary adjustments.
  • The transaction was unanimously approved by the Board of Directors of the Company and has all necessary Endeavor approvals.
  • “This is a combination of two strong, established companies merging to create a ‘must own’ North American independent oil company.

Inkjet Customer and thINK Member ProDocumentSolutions Purchases Canon ProStream Web-Fed Inkjet Press to Extend Print Services

Retrieved on: 
Tuesday, January 23, 2024
Thought, Cal Poly, Rest, Communication, Sale, SOC, MBO, Publishing, Printing, SOC 2, Certification, 3D printing

“ProDocumentSolutions (or ‘PRO’ as we call it),” said Paul, “was founded almost 45 years ago as a business forms printer.

Key Points: 
  • “ProDocumentSolutions (or ‘PRO’ as we call it),” said Paul, “was founded almost 45 years ago as a business forms printer.
  • We purchased the Canon ProStream web-fed inkjet press in a strategic pivot to diversify our offerings.
  • Along with their Canon ProStream, ProDocumentSolutions has a Canon VarioStream and two Canon imagePRESS and utilizes PRISMAproduction to streamline workflows and accelerate production efficiency.
  • While other salespeople view their role as ending after the sale, Canon believes it’s just the beginning of a relationship.

EQS-News: WashTec AG: Strategic changes in the Asia/Pacific region – new setup in Chinese market

Retrieved on: 
Saturday, January 13, 2024
Freedom, AG, MBO, Management

Augsburg, January 11, 2024 –WashTec AG has decided on a strategic reorientation of WashTec Group in the Asia/Pacific region.

Key Points: 
  • Augsburg, January 11, 2024 –WashTec AG has decided on a strategic reorientation of WashTec Group in the Asia/Pacific region.
  • As a result, the majority of WashTec Car Cleaning Equipment (Shanghai) Co., Ltd. (“the Company”) will be sold to former management.
  • In future the Chinese market will be penetrated as a distributor market driven by a Chinese-German joint venture from January 1, 2024.
  • This ensures that WashTec can further continue its strong local customer support and quicker respond to local customer demands in the Chinese market with the new setup.

EMCORE Corporation Enters Into Cooperation Agreement with Bradley L. Radoff

Retrieved on: 
Thursday, January 11, 2024
Aircraft, Vought, Head, Certified Management Accountant, Certified Public Accountant, Economics, Intelligence, George Washington University, University, Harvard University, Chair, Growth, M.A, Alternatives, Financial management, MBO, Collins Industries, Strategy, Annual general meeting, Strategic management, Financial analyst, History of Europe, Management

ALHAMBRA, CA, Jan. 11, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (NASDAQ: EMKR) (“EMCORE” or the “Company”), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, today announced that it has entered into a cooperation agreement (the “Cooperation Agreement”) with Bradley L. Radoff and certain of his affiliates (“Radoff”), pursuant to which Cletus C. Glasener and Jeffrey J. Roncka were appointed to the Company’s board of directors (the “Board”) effective immediately. The Company also announced that Chairman Stephen L. Domenik has stepped down from the Board and the size of the Board was increased to six effective immediately to facilitate the appointment of the new Board members. Pursuant to the Cooperation Agreement, Mr. Glasener was appointed as Chairman of the Board.

Key Points: 
  • ALHAMBRA, CA, Jan. 11, 2024 (GLOBE NEWSWIRE) -- EMCORE Corporation (NASDAQ: EMKR) (“EMCORE” or the “Company”), the world’s largest independent provider of inertial navigation solutions to the aerospace and defense industry, today announced that it has entered into a cooperation agreement (the “Cooperation Agreement”) with Bradley L. Radoff and certain of his affiliates (“Radoff”), pursuant to which Cletus C. Glasener and Jeffrey J. Roncka were appointed to the Company’s board of directors (the “Board”) effective immediately.
  • Pursuant to the Cooperation Agreement, Mr. Glasener was appointed as Chairman of the Board.
  • Mr. Radoff added, “I am pleased to have worked quickly and efficiently with the Board to reach a constructive agreement for the benefit of all stockholders.
  • The full Cooperation Agreement with Radoff will be filed on Form 8-K with the U.S. Securities and Exchange Commission.

Vital Energy Provides Select Preliminary Fourth-Quarter 2023 Results

Retrieved on: 
Tuesday, January 9, 2024
Vitalism, OK, Webcast, Acquisition, MBO, Investment, Maple, Security (finance)

TULSA, OK, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today provided select preliminary results for fourth-quarter 2023, including average daily total and oil production and incurred capital investments. Details for the Company’s fourth-quarter and full-year 2023 earnings release and conference call are provided within this release.

Key Points: 
  • TULSA, OK, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today provided select preliminary results for fourth-quarter 2023, including average daily total and oil production and incurred capital investments.
  • Details for the Company’s fourth-quarter and full-year 2023 earnings release and conference call are provided within this release.
  • The Company’s fourth-quarter 2023 total production averaged approximately 113.4 thousand barrels of oil equivalent per day ("MBOE/d"), above guidance of 101.8 - 105.8 MBOE/d.
  • Vital Energy plans to report complete fourth-quarter and full-year 2023 financial and operating results after market close on Wednesday, February 21, 2024, and host a conference call and webcast at 7:30 a.m. CT on Thursday, February 22, 2024.

Notice Regarding Planned Commencement of Tender Offer for Benesse Holdings, Inc. (Securities Code: 9783) by Bloom1 K.K.

Retrieved on: 
Friday, November 10, 2023
Preschool, Nursing, Managed Care, Health, Other Education, Hospitals, Primary, Secondary, Education, MBO, EQT, Tender offer, Privatization, Multimedia, Graduation, Growth, Foreign exchange market, Knowledge, Environment, Target, Cryptocurrency

After the completion of the Tender Offer, the Target Company will continue to provide its current businesses and services to its customers and is committed to delivering even better services.

Key Points: 
  • After the completion of the Tender Offer, the Target Company will continue to provide its current businesses and services to its customers and is committed to delivering even better services.
  • For more details, please refer to the attached document titled “Notice Regarding Planned Commencement of Tender Offer for Benesse Holdings, Inc. (Securities Code: 9783)”.
  • The business environment surrounding the Target Company has become increasingly challenging.
  • Soichiro Fukutake, Hideaki Fukutake, and EQT aim to privatize the shares of the Target Company through the tender Offer, followed by a squeeze-out and subsequent transactions.

Axtria Releases Annual Incentive Compensation Benchmarking Studies for the Life Sciences Industry

Retrieved on: 
Thursday, November 16, 2023
HCP, MBO, Objective, Primary care, KPI-driven code analysis, CSO, Mbo, Growth, Marketing, Sales

BERKELEY HEIGHTS, N.J., Nov. 16, 2023 /PRNewswire/ -- Axtria Inc., a global leader in award-winning cloud software and data analytics in the life sciences industry, released findings from its annual incentive compensation (IC) benchmarking studies undertaken for the US and Ex-US markets.

Key Points: 
  • BERKELEY HEIGHTS, N.J., Nov. 16, 2023 /PRNewswire/ -- Axtria Inc., a global leader in award-winning cloud software and data analytics in the life sciences industry, released findings from its annual incentive compensation (IC) benchmarking studies undertaken for the US and Ex-US markets.
  • Incentive compensation in the life sciences industry is a form of variable compensation where the earnings of a salesperson are calculated based on a variety of factors, such as sales performance, manager ratings, activity data, and patient-based metrics, among other things.
  • Incentive compensation management is the strategic use of incentives to drive sales growth and promote desired behaviors.
  • The two studies, viz: 2023 US Incentive Compensation Benchmarking Study and 2023 Global (Ex-US) IC Benchmarking Study, are now available for demonstration and discussion.

Letter to Stockholders Issued by Diamondback Energy, Inc.

Retrieved on: 
Monday, November 6, 2023
Knowledge, Acceleration, JV, Insurance, Sale, Policy, Security (finance), BOE, Public Sector Net Cash Requirement, Water, NGL, G&A, Viperidae, CFPS, GAAP, Acquisition, MBO, Atlas, GRP, Letter, Growth, Transport, EPS, Lake Como, LOE, Deep Blue, Firebird, Net asset value, FCF, WTI, Philosophy, Energy Independence and Security Act of 2007, Bank, Oil, Pharmaceutical industry, Airline, Holding company, Diamondback, Diamondback Energy

Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.

Key Points: 
  • Please see the information regarding forward-looking statements and non-GAAP financial information included at the end of this letter.
  • In summary, Diamondback continues to execute on our business plan with our best-in-class cost structure and strong balance sheet.
  • This JV, of which Diamondback retained 30% ownership, creates the largest independent water business in the Midland Basin and brought in proceeds of ~$500 million to Diamondback.
  • Important information regarding forward-looking statements is included in our earnings release furnished to the SEC simultaneously with this letter.

Vital Energy Reports Third-Quarter 2023 Financial and Operating Results

Retrieved on: 
Thursday, November 2, 2023
Permian, Consolidated, BOE, Investment, NYSE, Wells, Public expenditure, G&A, Vitalism, Sustainability reporting, GAAP, Certification, Free cash flow, Acquisition, MBO, TIL, OK, Maple, Methane, Tall, LTIP, Webcast, GHG, Acceleration, State Administrative Expenses, Medical device, Bank, Airline, Cryptocurrency

TULSA, OK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today reported its third-quarter 2023 financial and operating results. Supplemental slides have been posted to the Company's website and can be found at www.vitalenergy.com. A conference call and webcast is planned for 7:30 a.m. CT, Friday, November 3, 2023. Participation details can be found within this release.

Key Points: 
  • Record quarterly production exceeds guidance, leads to increased full-year 2023 outlook
    TULSA, OK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today reported its third-quarter 2023 financial and operating results.
  • 1Non-GAAP financial measure; please see supplemental reconciliations of GAAP to non-GAAP financial measures at the end of this release.
  • Wells completed by Vital Energy on the recently integrated Driftwood and Forge assets are currently outperforming historical oil production results by 7% and 29%, respectively.
  • Vital Energy updated its fourth-quarter 2023 capital investment guidance to $175 - $190 million (previously $195 - $210 million, provided with acquisition announcements in September).

Vital Energy Provides Select Preliminary Third-Quarter 2023 Results

Retrieved on: 
Wednesday, October 11, 2023
OK, NYSE, MBO, Forge, Driftwood, Vitalism, Total, Webcast, Exercise, Investment, Sale, Security (finance), Cryptocurrency

TULSA, OK, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today provided select preliminary results for third-quarter 2023, including average daily total and oil production and incurred capital investments. Details for the Company’s third-quarter 2023 earnings release and conference call are provided within this release.

Key Points: 
  • TULSA, OK, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Vital Energy, Inc. (NYSE: VTLE) ("Vital Energy" or the "Company") today provided select preliminary results for third-quarter 2023, including average daily total and oil production and incurred capital investments.
  • Details for the Company’s third-quarter 2023 earnings release and conference call are provided within this release.
  • The Company’s third-quarter 2023 total production averaged approximately 101.3 thousand barrels of oil equivalent per day ("MBOE/d"), above guidance of 94.0 - 98.0 MBOE/d.
  • Vital Energy plans to report complete third-quarter 2023 financial and operating results after market close on Thursday, November 2, 2023, and host a conference call and webcast at 7:30 a.m. CT on Friday, November 3, 2023.