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Special meeting of MEG shareholders to vote on Cenovus transaction postponed to Thursday, October 30, 2025
Globenewswire· 2025-10-21 10:00
Core Viewpoint - Cenovus Energy Inc. has postponed the special meeting for the acquisition of MEG Energy Corp. to October 30, 2025, with the proxy submission deadline extended to October 29, 2025 [1][2]. Group 1: Acquisition Details - Approximately 63% of MEG common shares are in favor of the acquisition, with over 75% support when excluding Strathcona Resources Ltd. [2] - The acquisition requires approval from at least 66⅔% of MEG shareholders present or represented by proxy at the meeting [2]. - Cenovus's offer includes $29.50 in cash or 1.240 common shares of Cenovus for each MEG share, representing a 44% premium over MEG's 20-day volume-weighted average share price as of May 15, 2025 [3]. Group 2: Shareholder Engagement - Cenovus encourages MEG shareholders to vote in favor of the transaction before the revised proxy deadline [4]. - Shareholders are advised to refer to MEG's news release for additional information regarding voting and submission of consideration elections [4]. Group 3: Company Overview - Cenovus Energy Inc. operates in oil and natural gas production in Canada and the Asia Pacific, with refining and marketing operations in Canada and the U.S. [9].
First Atlantic Nickel Announces Expanded 4-Kilometer Strike Length at RPM Zone from DTR Surface Sampling at Pipestone XL Nickel Alloy Project
Globenewswire· 2025-10-21 10:00
GRAND FALLS-WINDSOR, Newfoundland and Labrador, Oct. 21, 2025 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSX-V: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to report that recent Davis Tube Recovery (DTR) surface sampling and geological mapping has successfully expanded the RPM Zone target area to a continuous 4-kilometer strike length within the 30-kilometer nickel trend at its Pipestone XL Nickel Alloy Project in central Newfoundland. The new results extend the known ...
High Tide Resources Provides Update on the Labrador West Iron Ore Project
Globenewswire· 2025-10-21 09:00
TORONTO, Oct. 21, 2025 (GLOBE NEWSWIRE) -- High Tide Resources Corp. (“High Tide” or the “Company”) (CSE: HTRC) is pleased to provide an update on activities at its flagship Labrador West Iron Ore Project located in the prolific southern Labrador Trough. The Company has recently shipped approximately 5.6 tonnes of coarse reject drill core samples from its 2022 drill campaign for beneficiation and metallurgical testing. The testwork will focus on producing a Direct Reduction (“DR”) grade pellet, an increasin ...
iQIYI to Report Third Quarter 2025 Financial Results on November 18, 2025
Globenewswire· 2025-10-21 09:00
Core Viewpoint - iQIYI, Inc. will report its financial results for the third quarter of 2025 on November 18, 2025, before the U.S. market opens [1] Group 1: Earnings Conference Call - The management of iQIYI will hold an earnings conference call at 6:30 AM U.S. Eastern Time on November 18, 2025 [1] - Participants must register in advance to receive dial-in numbers, passcode, and unique access PIN [2][3] Group 2: Replay and Webcast Information - A telephone replay of the earnings call will be available until November 25, 2025, with specific dial-in numbers and passcode provided for access [4] - A live and archived webcast of the conference call will be accessible on iQIYI's investor relations website [4] Group 3: Company Overview - iQIYI, Inc. is a leading provider of online entertainment video services in China, known for its innovative content production and distribution [5] - The company utilizes advanced technologies such as AI and big data analytics to enhance its service offerings [5] - iQIYI has developed a diversified monetization model that includes membership services, online advertising, content distribution, and more [5]
Mowi’s acquisition of Nova Sea approved
Globenewswire· 2025-10-21 08:59
Core Insights - Mowi has received final approval for its acquisition of a controlling stake in Nova Sea AS, increasing its ownership from 49% to 95% [1] - The acquisition is expected to enhance Mowi's production capacity, with a projected harvest of 597,000 tonnes in 2025, marking a significant increase from 400,000 tonnes in previous years [2] - Mowi's CEO emphasizes the strategic importance of the acquisition for sustainable growth in Northern Norway, aiming to create more jobs and stimulate coastal activities [3] Production and Growth - Mowi anticipates harvesting 597,000 tonnes in 2025, with 372,000 tonnes sourced from Norway, including 161,000 tonnes from Northern Norway, a prime region for Atlantic salmon farming [2] - The company has achieved an annual growth rate of 6.9% in production, significantly outpacing the industry average of 3.6% during the same period [2] Strategic Fit and Synergies - The acquisition is expected to yield significant synergies, preliminarily estimated at NOK 400 million (EUR 34 million) annually, through improved resource utilization and an enhanced license portfolio [4] - Mowi's CEO believes that the operational fit between Mowi and Nova Sea will lead to better biological results and biosecurity in the region [5] Company Overview - Mowi is one of the world's leading seafood companies and the largest producer of farm-raised Atlantic salmon, with an estimated harvest of 597,000 tonnes in 2025 from multiple countries [6] - The company reported a turnover of EUR 5.6 billion in 2024 and employs 11,800 people across 26 countries [7]
Fortescue Announces Early Tender Results of Cash Tender Offers for Certain of Its Debt Securities
Globenewswire· 2025-10-21 08:48
Core Viewpoint - Fortescue Treasury Pty Ltd has announced an increase in its Tender Offers to purchase up to US$750,000,000 of its outstanding notes, up from the previously announced US$600,000,000 [2][12] Group 1: Tender Offer Details - The Tender Offers are aimed at purchasing cash for up to US$750,000,000 aggregate principal amount of its outstanding series of notes [2] - The tender cap for the 2031 Notes has been raised from US$400,000,000 to US$500,000,000 [5] - The aggregate principal amount of the 2031 Notes validly tendered exceeded the new tender cap, leading to a proration factor of approximately 44% for accepted purchases [6] - The aggregate principal amount of the 2030 Notes and 2031 Notes validly tendered exceeded the Aggregate Maximum Tender Amount, resulting in a proration factor of approximately 50% for the 2030 Notes [7] Group 2: Early Tender Results - As of the Early Tender Date, the total principal amount tendered for the 2031 Notes was US$1,136,212,000, while for the 2030 Notes it was US$499,839,000 [4] - Holders of the 2030 Notes accepted for purchase will receive US$1,045.00 per US$1,000.00 principal amount, while those for the 2031 Notes will receive US$978.75 per US$1,000.00 principal amount [10] - The settlement date for the accepted notes is expected to be October 22, 2025 [10] Group 3: Additional Information - The Tender Offers will expire at 5:00 p.m. New York City time on November 4, 2025, unless extended or terminated earlier [11] - BofA Securities has been appointed as the Dealer Manager for the Tender Offers, with D.F. King & Co., Inc. acting as the Tender and Information Agent [13]
InterDigital renews license agreement with Sharp and signs new IoT license
Globenewswire· 2025-10-21 08:30
Core Insights - InterDigital has renewed its patent license agreement with Sharp and signed a new agreement with an EV charger manufacturer, highlighting its ongoing innovation in wireless and video technologies [1][2] - The renewal with Sharp covers technologies including 4G, 5G, Wi-Fi, and HEVC, while the new agreement pertains to home and commercial EV chargers [1] - InterDigital aims to achieve $500 million in annualized recurring revenue from its smartphone program by 2027, with approximately 85% of the smartphone market currently under license [2] Company Overview - InterDigital is a global research and development company focused on wireless, video, artificial intelligence, and related technologies, enabling connected experiences across various communication and entertainment products [3] - The company licenses its innovations to manufacturers of wireless devices, consumer electronics, IoT devices, and cloud-based service providers, positioning itself as a leader in wireless technology [3] - Founded in 1972 and listed on Nasdaq, InterDigital has a significant presence in video processing and encoding technologies, alongside a robust AI research initiative [3]
VEON's Beeline Kazakhstan to Acquire Online Classifieds Business OLX Kazakhstan
Globenewswire· 2025-10-21 08:30
Core Insights - VEON Ltd. has agreed to acquire 100% of OLX Kazakhstan for a total consideration of USD 75 million, enhancing its digital services portfolio in Kazakhstan [1][4]. Company Overview - Beeline Kazakhstan, a subsidiary of VEON, serves 11 million customers with mobile connectivity and 2 million with fixed internet services, and has been executing a digital operator strategy since 2018 [5]. - OLX Kazakhstan is a leading online classifieds platform in Kazakhstan, with approximately 10 million monthly active users and 3.6 million listings as of June 30, 2025, reaching over 52% of the country's active internet users [2]. Strategic Implications - The acquisition is expected to create synergies by integrating OLX KZ into Beeline Kazakhstan's digital services ecosystem, allowing for a more comprehensive set of offerings to customers [3]. - The CEO of OLX Group expressed confidence that Beeline Kazakhstan will drive the next phase of growth for OLX KZ, aligning with OLX Group's strategy to focus on core categories and key markets [4]. Market Position - OLX KZ is recognized as a trusted marketplace in Kazakhstan, serving millions daily, which positions Beeline Kazakhstan to enhance its market leadership through this acquisition [4]. - VEON operates across five countries, providing connectivity and digital services to nearly 160 million customers, indicating a strong regional presence and potential for growth through strategic acquisitions [6].
PrestoDoctor Expands Into Michigan Ahead of New Cannabis Tax Changes
Globenewswire· 2025-10-21 08:20
Core Insights - Dogecoin Cash, Inc.'s subsidiary PrestoDoctor is expanding into Michigan, aiming to enhance its presence in regulated cannabis markets and provide telemedicine evaluations and patient-wellness services [1][6] - The timing of this expansion aligns with significant upcoming tax reforms in Michigan, which are expected to impact the cannabis market [2][5] Industry Context - Michigan currently has a total retail tax burden of approximately 16% on recreational cannabis, which includes a 10% excise tax and a 6% state sales tax [2] - A new 24% wholesale tax on cannabis products is set to take effect on January 1, 2026, potentially raising the effective total tax rate to one of the highest in the U.S. [2] - Economic analysts predict a 14% decline in retail cannabis sales due to increased prices from the new tax burden, indicating consumer price sensitivity [3] Company Strategy - PrestoDoctor aims to support patients and operators in navigating the changing regulatory landscape by enhancing compliance systems and improving patient engagement [5] - The company offers telehealth evaluations and integrated patient-management services, which are crucial for maintaining quality outcomes in a higher-cost environment [6] - The expansion into Michigan is part of a broader strategy to strengthen the regulated marketplace and ensure access to licensed medical professionals [6]
The 67th (Autumn 2025) Pharmaceutical Machinery Exposition Concludes Successfully
Globenewswire· 2025-10-21 08:20
Core Insights - The 67th National Pharmaceutical Machinery Exposition successfully concluded in Qingdao, attracting 1,661 exhibitors from 25 countries and regions, and over 60,000 professional visitors [1][2] Industry Trends - The exposition's theme "Gathering Global Wisdom, Equipping the Future" highlighted advancements in pharmaceutical, cosmetics, food, and health product manufacturing, with a focus on intelligent and sustainable solutions [2] - The event showcased a shift in collaboration models, emphasizing mutual value creation and partnership development between exhibitors and buyers [5] Business Activities - Precision business matchmaking resulted in significant cooperation intentions, with international procurement delegations from Vietnam and Malaysia engaging with leading domestic pharmaceutical companies [3] - The exhibition area spanned 150,000 square meters with 9,161 booths, demonstrating robust market demand and vibrant industry activity through ongoing procurement negotiations [3] Knowledge Sharing - Professional forums provided deep industry insights, including discussions on cost reduction strategies and emerging technologies in biopharmaceutical processes [4] - A total of 62 technical exchange sessions attracted over 1,300 participants, facilitating knowledge sharing on critical topics such as API, preparation, digitalization, biopharmaceuticals, and regulatory updates [4] Future Outlook - The connections made and innovations showcased during the exposition are expected to drive continued growth in the pharmaceutical equipment sector [6] - The organizer expressed gratitude to participants and looks forward to the 2026 Spring Pharmaceutical Machinery Exposition [6]