Transaction

TC Energy to issue first quarter 2024 results on May 3 and hold annual and special meeting of common shareholders on June 4

Retrieved on: 
Tuesday, April 16, 2024
TRP, Meeting, International, EDT, TC, TC Energy, PIN, TSX, Webcast, MDT, EDGAR, Transaction, Calendar

CALGARY, Alberta, April 16, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will release its first quarter 2024 financial results on Friday, May 3, 2024 pre-market and hold its 2024 annual and special meeting of common shareholders on Tuesday, June 4, 2024, at 8 a.m. MDT / 10 a.m. EDT.

Key Points: 
  • CALGARY, Alberta, April 16, 2024 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will release its first quarter 2024 financial results on Friday, May 3, 2024 pre-market and hold its 2024 annual and special meeting of common shareholders on Tuesday, June 4, 2024, at 8 a.m. MDT / 10 a.m. EDT.
  • A live webcast of the teleconference will be available on TC Energy’s website at TC Energy — Events and presentations or via the following URL: https://www.gowebcasting.com/13193 .
  • TC Energy has filed its 2024 Management Information Circular ( www.tcenergy.com/2024mic ), along with the related meeting and proxy materials, for its annual and special meeting of common shareholders (the Meeting) to be held on Tuesday, June 4, 2024, at 8 a.m. MDT / 10 a.m. EDT.
  • Shareholders of record as of the close of business on April 16, 2024 will be entitled to receive notice of and vote at the Meeting.

Decklar to Apply for Management Cease Trade Order

Retrieved on: 
Tuesday, April 16, 2024
Government, Legislation, TSX Venture Exchange, News, Transaction, Disclosure, Audit

All statements in this news release, other than statements of historical facts, are forward-looking statements.

Key Points: 
  • All statements in this news release, other than statements of historical facts, are forward-looking statements.
  • Such statements and information (together, "forward looking statements") relate to future events or the Company's future performance, business prospects or opportunities.
  • All statements other than statements of historical fact may be forward-looking statements.
  • The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable laws.

Kane Biotech Announces Closing of the Sale of STEM Animal Health to Dechra Veterinary Products

Retrieved on: 
Monday, April 15, 2024
Sale, Non, CND, Partnership, Transaction, KNE, TSX Venture Exchange, Growth, Bank

Overall, it is anticipated that the sale of STEM will net Kane an estimated CND $11,500,000.

Key Points: 
  • Overall, it is anticipated that the sale of STEM will net Kane an estimated CND $11,500,000.
  • The Transaction was completed by way of a share purchase agreement between Kane, STEM, Ecuphar NV and Dechra dated April 12, 2024.
  • In connection with the Transaction, Kane also entered into a product development agreement, and a transitional manufacturing agreement with STEM.
  • In connection with the completion of the Transaction, Kane obtained the written consent of shareholders of Kane holding more than 50% of the common shares of Kane.

ContextLogic Announces Adjournment of Special Meeting of Stockholders to Allow Additional Time for Stockholders to Vote “FOR” the Transaction with Qoo10

Retrieved on: 
Friday, April 12, 2024
Sale, Risk, Security (finance), Proxy, Transaction, Special, Wish (company), Telephone, SAN

SAN FRANCISCO, April 12, 2024 (GLOBE NEWSWIRE) -- ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today announced its Special Meeting of Stockholders (the “Special Meeting”) being held today will convene and then adjourn without conducting any business. The Special Meeting will reconvene at 11:30 a.m. Pacific Time on April 18, 2024. The Special Meeting was being held in connection with the Company’s proposed asset sale transaction (the “Asset Sale”) to Qoo10 Pte. Ltd. (“Qoo10”), as described in the Company’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on March 15, 2024.

Key Points: 
  • The Special Meeting was being held in connection with the Company’s proposed asset sale transaction (the “Asset Sale”) to Qoo10 Pte.
  • To realize the benefits of this value-maximizing Asset Sale, the holders of a majority of ContextLogic outstanding shares must vote in support of the transaction.
  • ContextLogic currently needs approximately 500,000 additional shares to vote “FOR” the transaction in order to achieve the necessary threshold.
  • All stockholders of record as of the close of business on March 7, 2024 are entitled to vote at the Special Meeting.

Contango Announces Acquisition of HighGold

Retrieved on: 
Thursday, May 2, 2024
Natural Resources, Other Natural Resources, Mining, Minerals, LLP, Risk, Par value, Blake, Cassels & Graydon, Contango, Partnership, Transaction, EST, Holland & Knight, Meeting, News, Gold, VWAP, Agreement, CIRI, Native, Alaska Native corporation, National instrument, PST, Organization, OTCQX, DSO, Senior, 100.9 ZZZ FM, Regulation, Growth

Under the terms of the Agreement, each HighGold share (“HighGold Share”) will be exchanged for 0.019 shares of Contango common stock (each whole share, a “Contango Share”) (the “Exchange Ratio”) based on the respective volume weighted average price (“VWAP”) of Contango for the five-day period ending on May 1, 2024.

Key Points: 
  • Under the terms of the Agreement, each HighGold share (“HighGold Share”) will be exchanged for 0.019 shares of Contango common stock (each whole share, a “Contango Share”) (the “Exchange Ratio”) based on the respective volume weighted average price (“VWAP”) of Contango for the five-day period ending on May 1, 2024.
  • Upon completion of the Transaction, existing Contango shareholders will own approximately 85% and HighGold shareholders will own approximately 15% of the combined company3.
  • In connection with the Transaction, Contango will grant to HighGold the right to appoint one (1) director to its board of directors.
  • Participants may join the webcast using the following call-in details: Contango ORE Announces Acquisition of HighGold (6ix.com)
    Creation of a leading Alaskan gold company with a low-risk and properly sequenced portfolio – Manh Choh is Alaska’s next gold mine with first gold pour expected in the second half of 2024.

Ether Capital Announces Conclusion of its Strategic Review and Enters into an Agreement with Purpose Unlimited to Convert into a Staking Ether ETF

Retrieved on: 
Thursday, May 2, 2024
Professional Services, Technology, Blockchain, Other Technology, Finance, Fintech, Bitcoin, Agreement, Meeting, LLP, Ecosystem, ETF, Investment, Interim management, NAV, Framework, TSX, Multilateral, ETHC, Indian stock exchange, BTCC, Ontario Securities Commission, AUM, Transaction, Fund, Market, Interim, Minority, Asset management

Ether Capital Corporation (Cboe CA: ETHC) today announces the results of its strategic review.

Key Points: 
  • Ether Capital Corporation (Cboe CA: ETHC) today announces the results of its strategic review.
  • The Corporation would retain its Ether, cash and cash equivalents, which would become portfolio assets of the Fund.
  • The Corporation holds approximately 46,317 Ether, approximately 98% of which is staked, with the majority on its proprietary internally managed infrastructure.
  • It is worth noting that Purpose was a core partner in the founding and development of Ether Capital in 2018.

Blackstone Real Estate Completes Privatization of Tricon

Retrieved on: 
Wednesday, May 1, 2024
Professional Services, Other Construction & Property, Residential Building & Real Estate, Finance, Construction & Property, REIT, Indian stock exchange, LLP, J.P. Morgan & Co., TCN, Wells Fargo, News, Capital market, RBC Capital Markets, Schedule, TSX, Partnership, TD Securities, Toronto Stock Exchange, Simpson Thacher & Bartlett, Transaction, PJT Partners, BofA Securities, Scotiabank, BX, Goodmans, Committee, Letter

Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced the closing of the previously-announced statutory plan of arrangement under the Business Corporations Act (Ontario) pursuant to which Blackstone Real Estate Partners X (“BREP X”), together with Blackstone Real Estate Income Trust, Inc. (“BREIT”), acquired all of the outstanding common shares of Tricon (“Common Shares”) for $11.25 per Common Share in cash (the “Transaction”) for a total equity transaction value of $3.5 billion.

Key Points: 
  • Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced the closing of the previously-announced statutory plan of arrangement under the Business Corporations Act (Ontario) pursuant to which Blackstone Real Estate Partners X (“BREP X”), together with Blackstone Real Estate Income Trust, Inc. (“BREIT”), acquired all of the outstanding common shares of Tricon (“Common Shares”) for $11.25 per Common Share in cash (the “Transaction”) for a total equity transaction value of $3.5 billion.
  • "This transaction marks an exciting new chapter in Tricon’s history, one poised to deliver exceptional outcomes for our residents," said Gary Berman, President & CEO of Tricon.
  • Please see the Circular for a discussion of certain Canadian and U.S. federal income tax considerations relating to the Transaction.
  • Morgan Stanley & Co. LLC and RBC Capital Markets acted as financial advisors to Tricon.

Kane Biotech Announces Agreement in Principle for the Sale of its Interest in STEM Animal Health

Retrieved on: 
Thursday, April 11, 2024
Sale, CND, Health, Transaction, Biotechnology, KNE, TSX Venture Exchange, Interest

Overall, it is anticipated that the sale of STEM Animal Health will net Kane Biotech in excess of CND $11,500,000 (including the cash deposits already received, as noted below).

Key Points: 
  • Overall, it is anticipated that the sale of STEM Animal Health will net Kane Biotech in excess of CND $11,500,000 (including the cash deposits already received, as noted below).
  • The Purchaser is not a Non-Arm’s Length Party (as that term is defined by the TSX Venture Exchange) of the Company.
  • “We are pleased with the outcome of this transaction,” said Marc Edwards, President & CEO of Kane Biotech.
  • “Kane Biotech will be receiving full value for the successful animal health business that it created allowing the Company to significantly strengthen its balance sheet and narrow its focus on human health biofilm solutions.”
    Prior to the completion of the Transaction, the Company owned a 2/3 interest in STEM.

STERIS to Sell Dental Segment to an affiliate of Peak Rock Capital

Retrieved on: 
Thursday, April 11, 2024
Medtech, Sale, Customer, Steris, Dental, Guggenheim Partners, STE, Acquisition, Transaction

The Transaction terms also include the opportunity for STERIS to receive an additional earnout of up to $12.5 million, subject to the achievement of certain revenue targets of the Dental segment in fiscal 2025.

Key Points: 
  • The Transaction terms also include the opportunity for STERIS to receive an additional earnout of up to $12.5 million, subject to the achievement of certain revenue targets of the Dental segment in fiscal 2025.
  • The Dental segment reported revenue of $407 million and contributed segment operating income of $86 million in the trailing twelve-month period ended December 31, 2023.
  • “Since acquiring our Dental segment through the Cantel acquisition, we have focused on deploying lean manufacturing methods to drive operating efficiencies.
  • The Dental segment will be reported as discontinued operations for the fourth quarter and full year of fiscal 2024.

Acri Capital Acquisition Corporation Announces Confidential Submission of Draft Registration Statement on Form S-4 and Extension of the Deadline for an Initial Business Combination

Retrieved on: 
Wednesday, April 10, 2024
Combination, Prospectus, ACAC, Internet of things, Pub, Accounting, Form, Business analyst, Acquisition, Transaction, Electronics, Register, Incorporation, Security (finance)

The Registration Statement contains a preliminary proxy statement and prospectus in connection with the Business Combination Agreement and proposed Transaction.

Key Points: 
  • The Registration Statement contains a preliminary proxy statement and prospectus in connection with the Business Combination Agreement and proposed Transaction.
  • While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about Foxx, ACAC and the Transaction.
  • The Transaction is subject to, among other things, approval by ACAC’s stockholders, satisfaction of the conditions stated in the Business Combination Agreement and other customary closing conditions, including the Registration Statement being declared effective by the SEC, the receipt of certain regulatory approvals, and approval by the Nasdaq Stock Market LLC (“Nasdaq”) to list PubCo common stock.
  • ACAC also announced that, in order to extend the date by which the Company must complete its initial business combination from April 14, 2024 to May 14, 2024, Acri Capital Sponsor LLC, the sponsor of the Company, has deposited into its trust account (the “Trust Account”) an aggregate of $50,000 (the “New Monthly Extension Payment”).