Chase Bank

Vencanna Announces Amended Definitive Agreement with The Cannavative Group, Completion of Name Change, Resumption of Trading and Operational Update

Retrieved on: 
Friday, February 23, 2024
Smoke, University, Senior, Research, Investment, Treasury Wine Estates, CPG, Chase Bank, MillerCoors, HHS, Government, SAFE, Debenture, BID, Physics, LEED AP, Canopy Growth, Controlled Substances Act, Health, CSA, MBA, Gold, CGT, New Jersey Turnpike, IRC, College of Medicine, AB, CPA, TGC, Theoretical physics, FMCG, Fast-moving consumer goods, Rotman School of Management, Final good, Business, Beer, Cannabis, CFO, Acquisition, DEA, Letter, Plastic, ITG, Alcohol, Patient, Partner (business rank), SOP, Security (finance)

Pursuant to the Amended Agreement, Vencanna will acquire all of the outstanding membership units of Cannavative through an all-share exchange.

Key Points: 
  • Pursuant to the Amended Agreement, Vencanna will acquire all of the outstanding membership units of Cannavative through an all-share exchange.
  • The exchangeable securities are exchangeable, at the option of the holder, on a one-for-one basis for equivalent securities of Vencanna.
  • On January 17, 2023, at an annual general and special meeting, the shareholders of Vencanna approved the name change.
  • The Company has engaged Independent Trading Group (ITG) Inc. to act as the broker through which the Bid will be conducted.

Natixis Corporate & Investment Banking strengthens Real Estate & Hospitality Americas practice with new leadership structure and key appointments

Retrieved on: 
Thursday, February 8, 2024
UBS, Nuveen, REH, Mortgage Bankers Association, Chemical Bank, Bank, Growth, CMBS, Business development, Ares Management, Chase Bank, Tate–LaBianca murders, Natixis, Real estate, Head, Irvine Company, Prudential, Investment banking, Bank of America

NEW YORK, Feb. 8, 2024 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) today announced new senior appointments to the firm's Real Estate & Hospitality (REH) Americas team.

Key Points: 
  • NEW YORK, Feb. 8, 2024 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) today announced new senior appointments to the firm's Real Estate & Hospitality (REH) Americas team.
  • Torres' appointment was followed by the appointments of Julie Han as Head of Underwriting and David Schwartz as Head of Portfolio Lending.
  • "We are entering a new era of opportunity regarding our coverage of the real estate sector," said Thierry Bernard, Natixis CIB Global Head of Real Estate & Hospitality.
  • He also led the origination platform for the Real Estate Finance and Mortgage-Backed Securities Group within UBS Investment Bank.

Cohesity and Veritas’ Data Protection Business to Combine, Forming a New Leader in AI-Powered Data Security and Management

Retrieved on: 
Thursday, February 8, 2024
Data Management, Security, Apps, Applications, Technology, Software, Networks, Artificial Intelligence, Alston & Bird, Synthetic media, Latham & Watkins, SoftBank Vision Fund, TAM, Growth, Investment, JPMorgan Chase, Data management, CIO, Sequoia Capital, PJT Partners, Original equipment manufacturer, Backup Exec, Uncertainty, Guggenheim Partners, Senior, Failure, Face, ARR, Morgan Stanley, Semantic feature, Chase Bank, Research, Vii, Ix, Renewable energy

Cohesity , a leader in AI-powered data security and management, and Veritas , a leader in secure multicloud data resilience, today are announcing their definitive agreement under which Cohesity intends to combine with Veritas’ data protection business, which will be carved out of Veritas, to create a new leader in data security and management.

Key Points: 
  • Cohesity , a leader in AI-powered data security and management, and Veritas , a leader in secure multicloud data resilience, today are announcing their definitive agreement under which Cohesity intends to combine with Veritas’ data protection business, which will be carved out of Veritas, to create a new leader in data security and management.
  • Protecting the world’s data and gaining insights from that data are top imperatives for IT practitioners all the way to board members.
  • This highly complementary combination will create a new leader in data security and management with numerous product offerings to help customers address their needs for data security and data insights.
  • This figure includes the data replication and protection software market, estimated to be $12.2 billion in 2024 by IDC1.

FLEETCOR® Upsizes Credit Facility by $600 million; Establishing 10b5-1 Plan to Repurchase Shares

Retrieved on: 
Wednesday, February 7, 2024
Professional Services, Payments, Technology, Finance, Software, Fintech, Bank of America, Growth, JPMorgan Chase, Chase Bank, Bank, Fleetcor, PLC, Citizens Bank, Scotiabank, Citibank, Wells Fargo, BofA Securities, National Association

The transaction was leverage neutral and results in a $600 million increase in the Company’s capacity under its facilities.

Key Points: 
  • The transaction was leverage neutral and results in a $600 million increase in the Company’s capacity under its facilities.
  • This amendment resulted in an increase to the Company’s revolver from $1.5 billion to $1.775 billion.
  • In addition, the Company increased its borrowings under its Term Loan A facility by $325 million and used those proceeds to paydown its revolver balance.
  • FLEETCOR anticipates using the increased debt facility to drive earnings growth through both M&A and repurchasing FLEETCOR stock in 2024.

Chase Makes Multi-Billion Dollar Investment in its Branch Network

Retrieved on: 
Tuesday, February 6, 2024
Banking, Professional Services, Finance, First Republic, JPMorgan Chase, Community, Government, Chase Bank, Transport, Consumer, Retirement, School, Business development, Community centre, J. P. Morgan, Architecture, Health, Small business, Pine Street, Hospital

Over the past five years, Chase has added more than 650 branches, including 400 locations in 25 new states.

Key Points: 
  • Over the past five years, Chase has added more than 650 branches, including 400 locations in 25 new states.
  • “Every day approximately 900,000 people walk into a Chase branch to cash a check, make a deposit or speak to one of our experts about an important financial decision that could impact their lives,” said Jennifer Roberts, CEO, Chase Consumer Banking.
  • Over the next three years, Chase will renovate approximately 1,700 locations, bringing the total number of branches that have been renovated since 2021 to 3,000.
  • “We want customers to feel welcomed when they walk through the door,” said Diedra Porche, Head of Chase Community and Business Development.

Shell plc Fourth Quarter 2023 Interim Dividend

Retrieved on: 
Thursday, February 1, 2024
Chase Bank, CREST, JPMorgan Chase, Shell plc, Shell, Finance, Dividend reinvestment plan, DRIP, Interest, Financial intermediary, Drip, Member, Security (finance)

The companies in which Shell plc directly and indirectly owns investments are separate legal entities.

Key Points: 
  • The companies in which Shell plc directly and indirectly owns investments are separate legal entities.
  • In this announcement “Shell”, “Shell Group” and “Group” are sometimes used for convenience where references are made to Shell plc and its subsidiaries in general.
  • Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them.
  • ‘‘Subsidiaries’’, “Shell subsidiaries” and “Shell companies” as used in this announcement refer to entities over which Shell plc either directly or indirectly has control.

Worldpay Begins Operating as Independent Company

Retrieved on: 
Thursday, February 1, 2024
Professional Services, Payments, Technology, Finance, Software, Banking, Partnership, Growth, Financial services, Chase Bank, JPMorgan Chase, History, GTCR, FIS, Goldman Sachs, Wells Fargo, Kirkland & Ellis, Sale, Citigroup, UBS, National Association

Worldpay, LLC , (the “Company”), a global industry leader in payments technology and solutions, announced today that it has closed upon its previously announced sale and will now operate as an independent company.

Key Points: 
  • Worldpay, LLC , (the “Company”), a global industry leader in payments technology and solutions, announced today that it has closed upon its previously announced sale and will now operate as an independent company.
  • As an independent company, Worldpay is committed to bringing greater levels of value, innovation and service to clients through increased investment in product development, technology and client solutions.
  • “I couldn’t be more excited to help lead the next chapter of Worldpay’s growth story as an independent company,” said Charles Drucker, CEO of Worldpay.
  • We are confident that clients will benefit from further enhancement of Worldpay’s offerings and a more agile customer-oriented approach as an independent company.

Cotchett, Pitre & McCarthy, LLP Announce Elderly Citizens Sue JPMorgan Chase Bank in Both Los Angeles County Superior Court and San Mateo County Superior Courts for Facilitating Theft of Life Savings

Retrieved on: 
Tuesday, January 30, 2024
Legal, Professional Services, Plaintiff, Chase, Life, Chase Bank, Artemis, JPMorgan Chase, California Codes, History, Government, Retirement, Theft, IRS, Pitre, CPM, Face, Alice Lin, Woman, Cryptocurrency

Plaintiff Alice Lin was defrauded of over $720,000, nearly every penny of her retirement savings, leaving her with financial insecurity after decades of saving hard-earned income.

Key Points: 
  • Plaintiff Alice Lin was defrauded of over $720,000, nearly every penny of her retirement savings, leaving her with financial insecurity after decades of saving hard-earned income.
  • As alleged in both complaints, filed in San Mateo County and Los Angeles County, scammers used "pig butchering" tactics and posed as IRS agents to trick the elderly plaintiffs into sending millions of dollars, often overseas, through multiple fraudulent transactions facilitated by Chase Bank.
  • It is alleged that Chase facilitated the theft of Ms. Yaffe's life savings through seven wire transfers from four different Chase branches.
  • California law allows victims like Artemis and Alice to hold banks accountable and recover money tragically stolen from them.”

iClick Interactive Asia Group Limited to Hold Extraordinary General Meeting of Shareholders

Retrieved on: 
Thursday, February 1, 2024
Security (finance), EGM, ADS, Chase Bank, Registrar, JPMorgan Chase, Proxy, Marketing, King's Road, Person, Cayman Islands, The Company, Plan, Transaction, Sub, Schedule

Pursuant to the Merger Agreement and the Plan of Merger, at the effective time of the Merger, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly-owned subsidiary of Parent (the "Merger").

Key Points: 
  • Pursuant to the Merger Agreement and the Plan of Merger, at the effective time of the Merger, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly-owned subsidiary of Parent (the "Merger").
  • Shareholders of record at the close of business in the Cayman Islands on February 15, 2024 will be entitled to attend and vote at the EGM and any adjournment thereof.
  • The Company and certain of its directors and executive officers may, under SEC rules, be deemed to be "participants" in the solicitation of proxies from the shareholders with respect to the Merger.
  • Further information regarding persons who may be deemed participants, including any direct or indirect interests they may have, is also set forth in the definitive proxy statement.

WELL Health USA Announces Successful Refinancing of US $300M Credit Facility with JPMorgan Chase Bank, N.A., Demonstrating a Healthy Balance Sheet and Substantial Room for Growth

Retrieved on: 
Wednesday, January 31, 2024
Growth, Chase Bank, JPMorgan Chase, Bank, CIBC, Patient, Scotiabank, Investment, TSX, HSBC Bank Canada, WELL, Payment card

and includes a primary $175M credit facility, with an additional $125M accordion for future growth and flexibility and includes two new syndicate members.

Key Points: 
  • and includes a primary $175M credit facility, with an additional $125M accordion for future growth and flexibility and includes two new syndicate members.
  • There were no material changes from the terms of the previous credit facility, exemplifying continued strong financial performance.
  • Jay Kreger, CEO of WELL USA, commented, "WELL USA's recent successful refinancing is a true testament to the strength, resilience, and growth prospects of its business.
  • This arrangement enhances WELL USA's financial flexibility, essential for executing its strategic growth plans and maintaining its commitment to financial discipline.