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RIO DE JANEIRO, Sept. 10, 2024 /PRNewswire/ -- Petróleo Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) today announced the expiration and expiration date results of the previously announced cash tender offers (each, an "Offer" and collectively, the "Offers") by its wholly-owned subsidiary, Petrobras Global Finance B.V. ("PGF"), with respect to any and all of its notes of the series set forth in the table below (the "Notes" and such offers, the "Offers"). The following table sets forth certain informa ...

Core Viewpoint - Squarespace, Inc. has amended its agreement with Permira, increasing the purchase price to $46.50 per share, representing a total transaction value of approximately $7.2 billion, which reflects a 36% premium over the 90-day volume weighted average trading price prior to the announcement [1][2]. Transaction Details - The revised offer price is a 5.7% increase from the previously agreed price of $44.00 per share and represents a premium of 36.4% over Squarespace's 90-day volume weighted average trading price of $34.09 [2]. - The transaction is structured as a tender offer, requiring a majority of shares held by unaffiliated stockholders to tender into the offer [3]. - The amended terms have been unanimously approved by an independent special committee of Squarespace's Board of Directors [1][3]. Statements from Leadership - The Chairman of the Special Committee expressed satisfaction with the revised terms, emphasizing the focus on maximizing value and certainty for unaffiliated stockholders [4]. - A partner at Permira highlighted the importance of the unanimous approval from Squarespace's Board and the opportunity for stockholders to capture immediate value through the tender offer [4]. Future Implications - Upon completion of the merger, Squarespace's common stock will no longer be publicly listed, transitioning the company to a privately-held entity [5]. - A Recommendation Statement will be issued within nine business days, and a previously scheduled special meeting of stockholders has been canceled [6]. Advisory Information - J.P. Morgan is acting as the financial advisor to Squarespace, while Goldman Sachs & Co LLC is advising Permira [7][8].

Distribution Announcement - Argent Trust Company declared a cash distribution of $0.421310 per unit for the Sabine Royalty Trust, payable on September 30, 2024, to unit holders of record on September 16, 2024 [1] Production and Revenue Details - The distribution reflects oil production for June 2024 and gas production for May 2024, with preliminary production volumes of approximately 64,743 barrels of oil and 1,359,603 Mcf of gas [2] - The average prices for the current month are approximately $78.14 per barrel of oil and $1.52 per Mcf of gas [2] Comparison with Previous Month - The current month's distribution is lower than the previous month due to a decrease in oil production, despite an increase in the prices of both oil and natural gas, and an increase in natural gas production [3] - Current month production and prices compared to the prior month: - Oil: 64,743 bbls (current) vs. 76,461 bbls (prior) - Gas: 1,359,603 Mcf (current) vs. 1,346,957 Mcf (prior) - Oil price: $78.14 per bbl (current) vs. $77.48 per bbl (prior) - Gas price: $1.52 per Mcf (current) vs. $1.20 per Mcf (prior) [3] Revenue Posting Timing - Revenues are distributed after being received, verified, and posted, with most energy companies issuing royalty payments around the 25th of each month [4] - Approximately $89,000 of revenue received in August will be posted in September, in addition to normal cash receipts for that month [5] - As of the press release, approximately $302,000 in revenue has been received since the close of business in August [5]

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Pathward Financial (CASH) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual ...

RIO DE JANEIRO, Sept. 3, 2024 /PRNewswire/ -- Petróleo Brasileiro S.A. – Petrobras ("Petrobras") (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. ("PGF"), has commenced (i) an offering of a new series of U.S. dollar-denominated global notes in the international capital markets (the "New Notes"), subject to market and other conditions (the "New Notes Offering"), and (ii) cash tender offers to purchase any and all of certain of its outstanding U.S. dollar-denominated notes ...

Pathward Financial, Inc. (CASH) has signed an agreement to divest its commercial insurance premium finance business to AFS IBEX Financial Services, LLC ("AFS"), a subsidiary of Honor Capital Holdings, LLC. Honor Capital will be acting as a guarantor for the obligations undertaken by AFS per the agreement. CASH's Divestiture Details The deal has been approved by CASH's board of directors and is anticipated to be closed by the end of September, subject to fulfillment of customary closing conditions. Pathward ...

Consideration of C$1.50 per share, representing a 64% premium to Givex's 20-day VWAP All-cash Transaction provides immediate liquidity and certainty of value to Givex Shareholders Givex's Board and Special Committee have unanimously approved the Transaction Givex's directors, executive officers and significant shareholders, which together represent 57.4% of the Givex Shares outstanding, have entered into voting support agreements in favour of the Transaction TORONTO, Aug. 26, 2024 /PRNewswire/ - Givex Corp. ...

Core Viewpoint - Scentre Group has initiated a cash tender offer for up to US$550 million of its outstanding Subordinated Non-Call 6 Fixed Rate Reset Notes due 2080, contingent upon certain conditions being met [1][5]. Group 1: Tender Offer Details - The tender offer is for a maximum principal amount of US$550 million of the Notes, with a minimum tender condition of US$250 million [5][12]. - The offer is subject to the Financing Condition, which requires Scentre Management Limited to successfully issue new subordinated debt securities in Australian Dollars [2][7]. - The tender offer will expire on September 19, 2024, unless extended [12]. Group 2: Financing Transaction - Following the early tender time, Scentre Management Limited plans to issue new securities equivalent to the maximum tender amount when converted to US dollars at a specified exchange rate [2][6]. - The Notes Hedging FX Rate is set at A$1 = US$0.7288 [2]. Group 3: Consideration and Settlement - Holders of Notes tendered by the early tender time will receive an Early Tender Consideration that includes a US$50 premium per US$1,000 principal amount [13][16]. - The anticipated Early Settlement Date is September 10, 2024, while the Final Settlement Date is expected to be September 23, 2024 [19][20]. Group 4: Withdrawal and Proration - Notes can be withdrawn until the withdrawal deadline of September 4, 2024 [21]. - If the total amount of Notes tendered exceeds the tender amount, proration will apply to the accepted Notes [15].