LEX

NGL Energy Partners LP Announces Sale of the New Mexico Ranches

Retrieved on: 
Friday, April 5, 2024
Energy, Other Energy, Oil, Gas, Eagle Ford, Dallas, NGL, LEX, Delaware Basin, Sale, Environment, EVP

NGL Energy Partners LP (NYSE:NGL) (“NGL,” or the “Partnership”) announced today that it has completed the sale of its North and South Ranches.

Key Points: 
  • NGL Energy Partners LP (NYSE:NGL) (“NGL,” or the “Partnership”) announced today that it has completed the sale of its North and South Ranches.
  • These two New Mexico ranches have combined acreage of approximately 122,250 acres, in the core of the Delaware.
  • Approximately $70.0 million in proceeds, including working capital
    Including asset sales in FY24, we have exceeded the $150 million asset sale guidance
    “NGL remains focused on our commitment to deliver reliable produced water management for our customers while remaining focused on the environment and the sustainability of our operations,” commented Doug White, EVP of NGL Water Solutions.
  • NGL’s Water Solutions segment operates in several of the most prolific crude oil and natural gas producing basins, including the Delaware, Eagle Ford and DJ Basins.

JBT Corporation Announces the Execution of a Definitive Transaction Agreement with Marel hf., Representing a Significant Milestone Towards the Anticipated Launch of a Voluntary Takeover Offer for All Marel Shares

Retrieved on: 
Friday, April 5, 2024
Machine Tools, Metalworking & Metallurgy, Food Tech, Retail, Technology, Manufacturing, Other Technology, Food, Beverage, FSA, Logic, ICL, Icelandic, LEX, Central bank, Goldman Sachs, Form, Nasdaq Iceland, Prospectus, JBT, JBT Corporation, Wells Fargo, Kirkland & Ellis, Security (finance)

(ICL: Marel) have executed a definitive transaction agreement related to JBT’s previously announced intention to make a voluntary takeover offer for all of the issued and outstanding shares of Marel.

Key Points: 
  • (ICL: Marel) have executed a definitive transaction agreement related to JBT’s previously announced intention to make a voluntary takeover offer for all of the issued and outstanding shares of Marel.
  • The transaction agreement includes the terms of the offer and other important governance, social, and operating items relating to the proposed business combination of JBT and Marel.
  • Pending final approval by the FSA, JBT currently expects to launch the offer in May 2024.
  • The transaction is expected to close by the end of 2024, subject to regulatory clearance and applicable shareholder approvals.

NGL Energy Partners LP Announces LEX II Large Diameter Pipeline Supported by New MVC and Extension of Acreage Dedication

Retrieved on: 
Monday, January 22, 2024
Energy, Other Energy, Oil, Gas, Environment, EVP, LEX, Delaware Basin, Water, Partnership, NGL, Eagle Ford, Dallas, Growth

NGL Energy Partners LP (NYSE:NGL) (“NGL,” or the “Partnership”) announced today that NGL Water Solutions is commencing expansion of its Lea County Express Pipeline System from a capacity of 140,000 barrels of water per day to 340,000 barrels per day in 2024 (LEX II Expansion).

Key Points: 
  • NGL Energy Partners LP (NYSE:NGL) (“NGL,” or the “Partnership”) announced today that NGL Water Solutions is commencing expansion of its Lea County Express Pipeline System from a capacity of 140,000 barrels of water per day to 340,000 barrels per day in 2024 (LEX II Expansion).
  • The addition of a second large-diameter pipeline, disposal wells, and facilities will greatly expand the capabilities of NGL’s existing produced water super-system and create a significantly larger outlet for produced water disposal within the Delaware Basin.
  • The construction of the 27-mile, 30-inch produced water pipeline will transport water to areas outside the core of the basin thereby further diversifying NGL’s geographic location of its disposal operations.
  • The LEX II Expansion is fully underwritten by a recently executed minimum volume commitment contract that includes an acreage dedication extension with an investment grade oil and gas producer.

JBT Corporation Announces Intention to Launch a Voluntary Takeover Offer to Effectuate Merger with Marel hf; also Announces Solid Preliminary 2023 Financial Results and 2024 Guidance

Retrieved on: 
Friday, January 19, 2024
Data Management, Food Tech, Retail, Technology, Software, Food, Beverage, Central bank, LLP, Kirkland & Ellis, JBT, Sale, GAAP, Acquisition, Water, EPS, LEX, Automation, Nasdaq Iceland, Growth, Security (finance)

For the fourth quarter 2023, JBT expects to report strong orders of $410 - $420 million, and a year-end backlog of $670 - $680 million.

Key Points: 
  • For the fourth quarter 2023, JBT expects to report strong orders of $410 - $420 million, and a year-end backlog of $670 - $680 million.
  • JBT’s preliminary 2024 guidance does not include any impact from the proposed Marel transaction.
  • JBT today announced its intention to launch a voluntary takeover offer during the first quarter of 2024 for all of the issued and outstanding shares in Marel at an offer price of €3.60 per share.
  • Launch of the offer remains subject to confirmatory due diligence, further negotiations, and board approvals of both Marel and JBT.

JBT Corporation Receives Extension of PUSU Deadline for Proposal to Merge With Marel

Retrieved on: 
Friday, January 5, 2024
Technology, Retail, Food Tech, Food, Beverage, JBT Corporation, LEX, LLP, Central bank, Icelandic, FSA, Kirkland & Ellis, JBT

(“Marel”) (the “PUSU Deadline”) in relation to JBT’s non-binding proposal originally submitted to the Board of Directors of Marel on November 24, 2023, and subsequently revised on December 13, 2023.

Key Points: 
  • (“Marel”) (the “PUSU Deadline”) in relation to JBT’s non-binding proposal originally submitted to the Board of Directors of Marel on November 24, 2023, and subsequently revised on December 13, 2023.
  • 108/2007, JBT was required to announce its intentions by no later than January 5, 2024.
  • This announcement follows Marel’s disclosure that the FSA has extended the PUSU Deadline to January 19, 2024.
  • Goldman Sachs Co LLC is acting as JBT’s financial advisor and LEX and Kirkland & Ellis LLP are serving as legal counsel.

JBT Corporation Submits Enhanced Proposal to Acquire Marel hf

Retrieved on: 
Wednesday, December 13, 2023
Technology, Retail, Food Tech, Food, Beverage, Sale, Terrorism, Information, NYSE, Climate change, Security (finance), ISK, LLP, Kirkland & Ellis, Annual report, Form, Risk, Acceleration, Weather, Social conditions in Honduras, Prospectus, Analysis, Water, LEX, Financial condition report, Result, PSLRA, JBT, JBT Corporation, Management

JBT Corporation (NYSE: JBT), (“JBT” or the “Company”) a leading global technology solutions provider to high-value segments of the food & beverage industry, today confirmed that it has submitted a revised and significantly improved proposal to the Board of Directors of Marel hf.

Key Points: 
  • JBT Corporation (NYSE: JBT), (“JBT” or the “Company”) a leading global technology solutions provider to high-value segments of the food & beverage industry, today confirmed that it has submitted a revised and significantly improved proposal to the Board of Directors of Marel hf.
  • (“Marel”) to acquire all of the outstanding common stock of Marel for €3.40 per Marel share (ISK511 per share based on an ISK / EUR exchange rate of 150.3).
  • “JBT has long admired Marel, and there is significant strategic, cultural, and operational alignment between the companies.
  • JBT Corporation (NYSE: JBT) is a leading global technology solutions provider to high-value segments of the food & beverage industry.

JBT Corporation Confirms Non-Binding Proposal to Acquire Marel

Retrieved on: 
Friday, November 24, 2023
Food, Beverage, Other Retail, Retail, Food Tech, Technology, LEX, Euronext Amsterdam, NYSE, Kirkland & Ellis, Icelandic, Nasdaq Iceland, JBT, JBT Corporation

JBT Corporation (NYSE: JBT), (“JBT” or the “Company”) a leading global technology solutions provider to high-value segments of the food & beverage industry, today issued the following statement:

Key Points: 
  • JBT Corporation (NYSE: JBT), (“JBT” or the “Company”) a leading global technology solutions provider to high-value segments of the food & beverage industry, today issued the following statement:
    “JBT today confirmed that it has submitted a non-binding initial proposal to the board of directors of Marel hf.
  • (“Marel”), whose shares are listed on Nasdaq Iceland and Euronext Amsterdam, in respect of a potential voluntary takeover offer for the entire share capital of Marel in accordance with Chapters X and XII of the Icelandic Takeovers Act no.
  • JBT has received an irrevocable undertaking and entered into exclusivity with respect to the shares owned by Eyrir Invest hf., which holds 24.7% of the shares in Marel.
  • This announcement follows Marel’s disclosure that it had received a potential offer to acquire all shares in the company.

Industrial PC Market to increase by USD 1.76 billion during 2022-2027, Growing demand for industrial PCs in digital signage to drive growth- Technavio

Retrieved on: 
Monday, September 25, 2023
ABB, Education, Health, Internet of things, Intel, Asus, FREE, YOY, USD, LED, Nature, Siemens, Computer, Growth, Transport, Kontron, Rockwell Automation, Geography, Solid-state drive, LEX, Video game

Growing demand for industrial PCs in digital signage drives the industrial PC market.

Key Points: 
  • Growing demand for industrial PCs in digital signage drives the industrial PC market.
  • This has amplified the popularity of digital signage, encompassing billboards, video walls, perimeter LED boards, traffic lights, and LED matrix boards.
  • Hence, such factors drive the growth of the industrial PC market during the forecast period.
  • IoT applications providing new growth opportunities for industrial PCs are emerging industrial PC market trends.

LEX Diagnostics Appoints Chief Technology Officer

Retrieved on: 
Tuesday, July 18, 2023
AACC, COVID-19, Infection, Doctor of Philosophy, Map, NHS, Newcastle University, PCR, LEX, Pharmaceutical industry, Genetics

CAMBRIDGE, United Kingdom, July 18, 2023 (GLOBE NEWSWIRE) -- LEX Diagnostics (LEX) today announces the appointment of Dr Heather Danks as its Chief Technology Officer (CTO).

Key Points: 
  • CAMBRIDGE, United Kingdom, July 18, 2023 (GLOBE NEWSWIRE) -- LEX Diagnostics (LEX) today announces the appointment of Dr Heather Danks as its Chief Technology Officer (CTO).
  • LEX Diagnostics’ new CTO Dr Heather Danks, who has been promoted from her position of VP Molecular Development at the company, commented, “I am excited to embrace the role of CTO and support the team in the development of the LEX platform.
  • We have core technology and reagents capable of re-defining PCR diagnostics at the point of care.
  • LEX Diagnostics will be at the annual AACC meeting from 23-27 July in Anaheim, California, on booth 2662.

XODIAC Tickets Officially Go On Sale: Color Star Invites You To The Live Experience

Retrieved on: 
Friday, May 19, 2023
Metaverse, Music, Intelligence, SING, Attention, Sale, ADD, Hibernation, LEO, United Kingdom, News, LEX

Color Star will be working with XODIAC to deliver fans a stunning performance.

Key Points: 
  • Color Star will be working with XODIAC to deliver fans a stunning performance.
  • Tickets have become available since the 17th of May, so you can book your seats directly on the ticketing website.
  • Color Star believes that the live entertainment industry will return to its former glory in 2023.
  • Color Star has set its sights on the global live entertainment market for not only organizing live music events but also international sporting events in the future.