IOWA

MCI Capital, LC Announces the Final Results and Closing of Cash Tender Offer for Shares of Common Stock of StarTek, Inc.

Retrieved on: 
Tuesday, January 10, 2023

The tender offer fully closed on January 9th, 2023.

Key Points: 
  • The tender offer fully closed on January 9th, 2023.
  • MCI has accepted for payment, at a purchase price of $4.20 per share, and promptly paid $12,350,713.20 for, all 2,940,646 shares of common stock that were validly tendered and not validly withdrawn pursuant to the Offer.
  • After giving effect to this transaction, MCI and its affiliates beneficially own approximately ~7.3% of StarTek’s outstanding shares of common stock as of October 31, 2022.
  • “During our strategic CX BPO investment search, we found a great fit in StarTek, and look forward to being a material shareholder," said Anthony Marlowe , MCI CEO.

MCI Capital, LC Announces the Preliminary Results of Cash Tender Offer for Shares of Common Stock of StarTek, Inc.

Retrieved on: 
Thursday, January 5, 2023

Based on the preliminary count by the depositary for the offer, 2,940,646 shares were validly tendered and not validly withdrawn, including 9,700 Shares that were tendered by notice of guaranteed delivery.

Key Points: 
  • Based on the preliminary count by the depositary for the offer, 2,940,646 shares were validly tendered and not validly withdrawn, including 9,700 Shares that were tendered by notice of guaranteed delivery.
  • The number of shares validly tendered and not validly withdrawn pursuant to the tender offer satisfied the minimum tender condition, and all other conditions to the offer were satisfied or waived.
  • The total of 2,940,646 shares that MCI expects to accept for purchase represents approximately 7.3% of StarTek’s outstanding shares of common stock as of October 31, 2022.
  • Payment for shares accepted for purchase under the offer will occur promptly thereafter.

MCI Capital, LC Waives Minimum Condition of Cash Tender Offer for Ordinary Shares of Atento S.A.; Extends Expiration Date

Retrieved on: 
Tuesday, January 3, 2023

The tender offer was previously scheduled to expire at 5:00 p.m., New York City time, on December 30, 2022.

Key Points: 
  • The tender offer was previously scheduled to expire at 5:00 p.m., New York City time, on December 30, 2022.
  • MCI has waived the minimum condition of the offer, which conditioned the offer on the tender of 775,000 shares validly tendered and not withdrawn.
  • As previously announced, if more than 1,525,000 shares are tendered in the tender offer, then, subject to the terms and conditions of the tender offer, MCI will purchase shares from shareholders who properly tender shares on a pro rata basis based on the aggregate number of shares tendered.
  • THE TENDER OFFER MATERIALS (INCLUDING THE OFFER TO PURCHASE, RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT CONTAIN IMPORTANT INFORMATION THAT SHOULD BE READ CAREFULLY AND CONSIDERED BY ATENTO'S SHAREHOLDERS BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER OFFER.

MCI Capital, LC Announces Extension of Offer Period for Cash Tender Offer for Shares of Common Stock of StarTek, Inc.

Retrieved on: 
Thursday, December 15, 2022

The tender offer was previously scheduled to expire at 12:00 midnight, New York City time, at the end of the day on December 20, 2022.

Key Points: 
  • The tender offer was previously scheduled to expire at 12:00 midnight, New York City time, at the end of the day on December 20, 2022.
  • To date no shares of StarTek common stock have been deposited in response to the tender offer.
  • As previously announced, if more than 4,000,000 shares are tendered in the tender offer, then, subject to the terms and conditions of the tender offer, MCI will purchase shares from shareholders who properly tender shares on a pro rata basis based on the aggregate number of shares tendered.
  • The tender offer is conditioned upon, among other things, a minimum of 2,000,000 shares being validly tendered and not withdrawn in accordance with its terms.

MCI Capital, LC Announces Extension of Offer Period for Cash Tender Offer for Ordinary Shares of Atento S.A.

Retrieved on: 
Thursday, December 15, 2022

To date no ordinary shares of Atento have been deposited in response to the tender offer.

Key Points: 
  • To date no ordinary shares of Atento have been deposited in response to the tender offer.
  • As previously announced, if more than 1,525,000 shares are tendered in the tender offer, then, subject to the terms and conditions of the tender offer, MCI will purchase shares from shareholders who properly tender shares on a pro rata basis based on the aggregate number of shares tendered.
  • This press release does not constitute an offer to buy or solicitation of an offer to sell any ordinary shares of Atento or any other securities.
  • Atento shareholders are able to obtain the Tender Offer Statement and other filed documents for free at the SEC’s website at www.sec.gov .

MCI Capital, LC Announces Commencement of Cash Tender Offer for Ordinary Shares of Atento S.A.

Retrieved on: 
Friday, November 18, 2022

IOWA CITY, Iowa, Nov. 18, 2022 (GLOBE NEWSWIRE) -- MCI Capital, LC (MCI), a wholly owned subsidiary of MCI, LC, announced today that it is commencing a cash tender offer to purchase up to 1,525,000 ordinary shares of Atento S.A. ( NYSE:ATTO ) (Atento) at a purchase price of $5.00 per share.

Key Points: 
  • IOWA CITY, Iowa, Nov. 18, 2022 (GLOBE NEWSWIRE) -- MCI Capital, LC (MCI), a wholly owned subsidiary of MCI, LC, announced today that it is commencing a cash tender offer to purchase up to 1,525,000 ordinary shares of Atento S.A. ( NYSE:ATTO ) (Atento) at a purchase price of $5.00 per share.
  • If more than 1,525,000 shares are tendered in the tender offer, then, subject to the terms and conditions of the tender offer, MCI will purchase shares from shareholders who properly tender shares on a pro rata basis based on the aggregate number of shares tendered.
  • The tender offer for the ordinary shares of Atento referenced in this press release is being commenced on November 18, 2022.
  • This press release does not constitute an offer to buy or solicitation of an offer to sell any ordinary shares of Atento or any other securities.

MidWestOne Names Charles N. Reeves as New CEO

Retrieved on: 
Wednesday, October 19, 2022

IOWA CITY, Iowa, Oct. 19, 2022 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG), parent company of MidWestOne Bank , today announced that its Board of Directors has named Charles (Chip) N. Reeves, 54, as its new Chief Executive Officer (CEO), effective November 1, 2022.

Key Points: 
  • IOWA CITY, Iowa, Oct. 19, 2022 (GLOBE NEWSWIRE) -- MidWestOne Financial Group, Inc. (Nasdaq: MOFG), parent company of MidWestOne Bank , today announced that its Board of Directors has named Charles (Chip) N. Reeves, 54, as its new Chief Executive Officer (CEO), effective November 1, 2022.
  • Reeves, a seasoned senior banking and financial services leader, brings a demonstrated track record of driving growth for community, regional and national institutions.
  • Most recently, Reeves served as President, CEO and Director of Beach Bancorp, Inc., parent company of Beach Bank, a Fort Walton Beach, Fla.-headquartered community bank.
  • MidWestOne is the parent company of MidWestOne Bank, which operates banking offices in Iowa, Minnesota, Wisconsin, Florida, and Colorado.

City of Iowa City Transitions Mobile Parking Payments to ParkMobile

Retrieved on: 
Thursday, October 6, 2022

IOWA CITY, Iowa, Oct. 6, 2022 /PRNewswire/ -- ParkMobile, the leading provider of smart parking and mobility solutions in the U.S., is expanding its contactless parking services to the City of Iowa City and replacing the current parking payment provider. Through the ParkMobile app, users will be able to pay for on-demand parking at over 2,200 parking spaces. ParkMobile recently launched at The University of Iowa, so all parking payments in town are now handled exclusively through the app.

Key Points: 
  • IOWA CITY, Iowa, Oct. 6, 2022 /PRNewswire/ -- ParkMobile , the leading provider of smart parking and mobility solutions in the U.S., is expanding its contactless parking services to the City of Iowa City and replacing the current parking payment provider.
  • ParkMobile recently launched at The University of Iowa, so all parking payments in town are now handled exclusively through the app.
  • "We are thrilled that the City of Iowa City has transitioned all mobile parking payments to ParkMobile and continues to make parking in the city and at the local university digital experiences," added David Hoyt, Chief Revenue Officer and Managing Director of ParkMobile.
  • "Now, users in Iowa City only need one app, ParkMobile, to pay for parking throughout the city."

Spence Law Firm, LLC: Exonerated Iowa Man Awarded $12 Million After Wrongful Imprisonment

Retrieved on: 
Friday, September 30, 2022

IOWA CITY, Iowa, Sept. 29, 2022 /PRNewswire/ -- An exonerated Iowa man who spent more than six years in prison for a sex crime he did not commit was awarded $12 million by a state district court jury today, The Spence Law Firm, LLC and co-counsel said.

Key Points: 
  • IOWA CITY, Iowa, Sept. 29, 2022 /PRNewswire/ -- An exonerated Iowa man who spent more than six years in prison for a sex crime he did not commit was awarded $12 million by a state district court jury today, The Spence Law Firm, LLC and co-counsel said.
  • In May 2016, an Iowa District Court entered an order vacating Mr. Clark's conviction after finding Mr. Robertson was ineffective as defense counsel.
  • Mr. Clark is represented by attorneys Mel C. Orchard, III , of The Spence Law Firm, LLC, of Jackson, Wyo.
  • The jury awarded Mr. Clark $8 million in past emotional distress damages and $4 million for future damages.

College Raptor and Ocelot Partner to Provide Greater College Cost Transparency

Retrieved on: 
Thursday, August 25, 2022

IOWA CITY, Iowa, Aug. 25, 2022 /PRNewswire-PRWeb/ -- College Raptor, the leading provider of Net Price Calculators (NPCs), and Ocelot, higher education's most-deployed and fastest-growing AI-powered Student Communication Platform, announced today that they have partnered to enable colleges and universities using both products to support greater transparency and education around college planning.

Key Points: 
  • "We are excited for this partnership with Ocelot to integrate their best-in-class content and technology with our best-in-class NPC," said Bill Staib, President & CEO of College Raptor.
  • "This is a fantastic opportunity to provide even greater value to our mutual campus partners while also improving college planning for students, parents, and families, especially when it comes to understanding the true cost of college."
  • Kelley Bradder, Ocelot's VP for Implementation and Product Support, added: "This flexible integration is a powerful capability for all institutions that use Ocelot for their AI communications platform and College Raptor for their NPC.
  • College Raptor's Net Price Calculator and college discovery platform helps millions of students and parents with the most accurate cost estimates during their college planning.