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PRMB INVESTOR ALERT: Primo Brands Corporation (PRMB) Faces Securities Class Action Amid Botched Integration, CEO Departure -- Hagens Berman
Prnewswire· 2025-11-18 15:46
Core Viewpoint - A securities class action lawsuit has been filed against Primo Brands Corporation following its problematic merger with BlueTriton Brands, alleging misleading statements regarding the merger's success and integration process [1][10]. Summary by Sections Lawsuit Details - The lawsuit aims to represent investors who acquired Primo Brands' common stock between June 17, 2024, and November 6, 2025, and is being investigated by prominent shareholder rights law firm Hagens Berman [2][3]. - The litigation focuses on claims that Primo's assurances about the merger accelerating growth and achieving operational efficiencies were false, as the integration was reportedly going poorly [3][5]. Financial Impact - Investors began to realize the issues on August 7, 2025, when Primo announced its Q2 2025 results, leading to a share price drop of $2.41 (-9%) after the then-CEO acknowledged disruptions in product supply and service [3][6]. - On November 6, 2025, the company announced a significant leadership change, with CEO Robbert Rietbroek being forced out, and revealed a drastic cut in its 2025 revenue forecast from expected growth to a low single-digit decline [4][5]. Market Reaction - Following the announcement of the leadership change and the revised revenue forecast, Primo's share price plummeted by $8.20 (-36%) the next day, reflecting investor concerns over the merger's integration issues [6][5]. Investigation Focus - The investigation by Hagens Berman is centered on whether company leadership was aware of the integration problems that contradicted their public assurances [7].
Panacea Life Sciences Holdings (OTCID: PLSH) and Benivita Inc. Launch Benivita PLSH -- a New Era in Direct-to-Consumer Virtual Benefits
Prnewswire· 2025-11-18 15:31
Accessibility StatementSkip Navigation GOLDEN, Colo., Nov. 18, 2025 /PRNewswire/ -- Panacea Life Sciences Holdings, Inc. ("PLSH") today announced the launch of Benivita PLSH, a groundbreaking venture with Benivita Inc., designed to revolutionize access to non-insurance benefits, virtual telemedicine services, and lifestyle wellness programs across the United States. "Every 20 years, a new technology reshapes how people live and work," said Jon Guzman, CEO of Benivita Inc. "Our platform is driving that shift ...
Deck the Halls Without the Hazards
Prnewswire· 2025-11-18 15:16
Accessibility StatementSkip Navigation FirstEnergy shares tips for safe holiday decorating AKRON, Ohio, Nov. 18, 2025 /PRNewswire/ -- The holiday season is here, and decorating your home is a great way to spread cheer and celebrate the magic of the season. If you're planning to light up your home with sparkling lights, festive inflatables and seasonal décor – go for it! Just make sure safety is part of your holiday tradition with these tips from FirstEnergy Corp. (NYSE: FE). Ladder Up for a Merry (and Safe) ...
AppYea Accelerates Strategic Transformation: Internal Management Review as to Uplisting to a National Exchange, Rebranding to Mellatrix, Closing and Completion of Techlott Integration -- Including Evaluation of Entry Into the Prediction Markets Sector
Prnewswire· 2025-11-18 15:07
Accessibility StatementSkip Navigation As previously disclosed, we are assessing the potential expansion into the Prediction Markets space, with emphasis on: Corporate Alignment Toward a Potential Uplisting JERUSALEM, Nov. 18, 2025 /PRNewswire/ -- AppYea, Inc. (OTCQB: APYP) today announced the acceleration of its strategic internal management review toward a potential uplisting to a U.S. national securities exchange (Nasdaq or NYSE American), subject to meeting all applicable listing requirements. As of t ...
DICK'S Sporting Goods' Cookie Jar & A Dream Studios Announces Newest Project, An Unscripted Television Series Titled Play It Forward: Game On
Prnewswire· 2025-11-18 15:03
Play It Forward: Game On Poster Play It Forward: Game On is hosted by CBS Sports analyst and two-time WNBA champion Renee Montgomery, two-time Emmy-nominated actor and Nickelodeon alum Kel Mitchell and YouTube star Jesser. In the series, the three stars go undercover, joining forces with hometown coaches and parents, to pull off jaw- dropping makeovers for under-resourced youth sports teams. In this ultimate sports surprise show, viewers will follow along as the dream team creates hilarious moments to keep ...
Lilly to participate in Citi's 2025 Global Healthcare Conference
Prnewswire· 2025-11-18 15:00
Accessibility StatementSkip Navigation INDIANAPOLIS, Nov. 18, 2025 /PRNewswire/ --Â Eli Lilly and Company (NYSE:LLY) will participate in the Citi's 2025 Global Healthcare Conference on December 2, 2025. Ilya Yuffa, executive vice president and president Lilly USA and Global Customer Capabilities, will take part in a fireside chat at 10:30 a.m., Eastern time. A live audio webcast will be available on the "Webcasts & Presentations" section of Lilly's investor website at https://investor.lilly.com/webcasts-and ...
Allegion Unveils Self-Adjusting Enhancement to its LCN Senior Swing Series of Auto Operators
Prnewswire· 2025-11-18 15:00
Accessibility StatementSkip Navigation Powered by industry-leading technology, the LCN Senior Swing automatically adjusts to environmental factors for smooth, consistent year-round operation and lowered maintenance for high-traffic facilities CARMEL, Ind., Nov. 18, 2025 /PRNewswire/ -- Allegion US, a leading provider of security solutions, technology and services, is excited to announce the release of a series of enhancements to their LCN 2800IQ and 9500IQ Senior Swing series operators, including the pate ...
The Partner Companies Secures $100+ Million Strategic Investment from Tensile Capital Management
Prnewswire· 2025-11-18 15:00
Core Insights - The Partner Companies (TPC) has completed a $100+ million equity investment from Tensile Capital Management, contributing to a total capital raise exceeding $300 million to enhance manufacturing operations and strategic growth [2][3][4]. Financing Details - The recent financing includes a $200+ million syndicated credit facility led by Huntington Bank, aimed at accelerating growth across TPC's 11 brands serving various industries [2][4]. - The total capital raised will support TPC's expansion in aerospace, defense, medical technology, energy, and other sectors [2][4]. Growth Strategy - The minority equity investment will enable TPC to expand its specialized manufacturing capabilities, pursue acquisitions, and advance its technology [3][4]. - TPC has a history of strategic acquisitions, having expanded its manufacturing footprint through five acquisitions since 2020, including Precision Eforming and UPG [4]. Partnership and Investment Approach - The partnership with Tensile is expected to enhance TPC's strategy by providing long-term capital access and aligning with TPC's focus on sustainable value creation [4][7]. - Tensile's investment approach emphasizes long-term investments and collaboration with management teams, which aligns with TPC's growth strategy [4][7]. Company Overview - TPC is a global diversified manufacturing company founded in 2010, specializing in mission-critical solutions for industries such as aerospace, defense, clean energy, and medical technology [6]. - TPC operates 11 specialty manufacturers across the U.S., U.K., Mexico, and Asia, focusing on advanced manufacturing techniques [6].
The Ritz-Carlton and Late Checkout Unveil Chapter Two of Their Award-Winning Collaboration
Prnewswire· 2025-11-18 15:00
Continue Reading Striped Pyjama Set, Logo Robe Accessibility StatementSkip Navigation The celebrated capsule evolves with additional styles, including kids wear, home essentials, and a cinematic campaign shot at The Ritz-Carlton, Nikko, starring Josh Hutcherson. BETHESDA, Md., Nov. 18, 2025 /PRNewswire/ -- The Ritz-Carlton continues its journey from defining luxury hospitality to shaping modern luxury lifestyle with the debut of its second collaboration with Madrid-based fashion label Late Checkout. What be ...
Simon® Acquires Phillips Place in Charlotte
Prnewswire· 2025-11-18 15:00
Accessibility StatementSkip Navigation INDIANAPOLIS, Nov. 18, 2025 /PRNewswire/ -- Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced that it has acquired Phillips Placeâ"¢ in the heart of the SouthPark neighborhood of Charlotte, North Carolina. SOURCE Simon 21% more press release views with Request a Demo Also from this source Simon® Debuts Simon+â"¢: A New Loyalty Program Connecting Retailers and Shopper ...