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Constellation Brands Closes Wine Transaction With The Wine Group to Focus on a Portfolio of Exclusively Higher-Growth, Higher-Margin Brands
GlobeNewswire· 2025-06-02 20:30
Core Viewpoint - Constellation Brands has successfully completed the divestiture of its mainstream wine brands to The Wine Group, allowing the company to focus on a premium wine portfolio that aligns with consumer trends towards premiumization [1][3]. Group 1: Transaction Details - The divestiture includes mainstream wine brands such as Woodbridge, Meiomi, Robert Mondavi Private Selection, Cook's, SIMI, and J. Rogét sparkling wine, along with associated inventory, facilities, and vineyards [1]. - The retained portfolio consists of high-end wines priced predominantly at $15 and above, featuring brands like Robert Mondavi Winery, Schrader, Double Diamond, and Kim Crawford, among others [2]. Group 2: Strategic Focus - The company aims to reposition its portfolio to focus exclusively on higher-end products, which is expected to enhance performance in this segment over time [3]. - Constellation Brands emphasizes its commitment to aligning with consumer-led premiumization trends, which is anticipated to drive improved business performance [3]. Group 3: Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [4]. - The company is recognized for its dedication to building beloved brands and has become one of the fastest-growing large consumer packaged goods companies in the U.S. retail market [4].
Cognex to Host Investor Day on June 10, 2025
Prnewswire· 2025-06-02 20:30
NATICK, Mass., June 2, 2025 /PRNewswire/ -- Cognex Corporation (NASDAQ: CGNX), the global technology leader in industrial machine vision, is pleased to welcome the investment community to its Investor Day on Tuesday, June 10, 2025, at its Natick, Massachusetts headquarters beginning at 9:00 a.m. Eastern Time.At the event, Cognex's senior management team will outline the company's five-year strategic objectives and discuss technology leadership and the evolution of AI in the machine vision landscape, custome ...
CENTERSPACE ANNOUNCES ENTRANCE INTO THE SALT LAKE CITY MARKET, PLANNED PORTFOLIO TRANSACTIONS, AND QUARTERLY DIVIDEND
Prnewswire· 2025-06-02 20:30
Core Viewpoint - Centerspace has made significant acquisitions in the multifamily real estate sector, expanding its portfolio and geographic presence, particularly in the Mountain West region [2][3]. Acquisition Details - The company acquired a community in Salt Lake City, UT, for $149 million, consisting of 341 homes in the desirable Sugar House submarket [1][2]. - Centerspace has signed an agreement to acquire a 420-home community in Fort Collins, CO, for approximately $132 million, with the closing expected in mid-June 2025 [3]. Portfolio Management - Centerspace is marketing its five-community portfolio in Saint Cloud, MN, indicating a strategic exit from that market [4]. - The company plans to market several communities from its Minneapolis portfolio for sale as part of its portfolio optimization strategy [4]. Financial Strategy - To enhance financial flexibility during these transactions, Centerspace has expanded its line of credit by $150 million, increasing the total borrowing capacity to $400 million [5]. - The company’s previous earnings guidance did not account for these acquisitions or dispositions, and it plans to provide updated guidance with its second quarter 2025 earnings release [6]. Dividend Announcement - Centerspace's Board of Trustees declared a regular quarterly distribution of $0.77 per share/unit, payable on July 10, 2025, to shareholders and unitholders of record by June 27, 2025 [7]. Company Overview - Centerspace is an owner and operator of apartment communities, currently owning 72 communities with a total of 13,353 homes across several states, including Colorado, Minnesota, and Utah [8].
Barnwell Announces Second Adjournment of 2025 Annual Meeting Due to Ned Sherwood's Refusal to Submit Votes Solicited from Shareholders
Prnewswire· 2025-06-02 20:30
Core Points - Barnwell Industries, Inc. has adjourned its 2025 Annual Meeting of Shareholders to June 17, 2025, due to the Sherwood Group's refusal to vote the proxies they solicited from shareholders [1][4] - The Sherwood Group's actions have led to a second adjournment, as they are not submitting the green proxy cards, which is impacting the voting process [2][3] - Heather Isidoro, a director elected as part of the Sherwood Group's solicitation, has resigned from the Board effective immediately [3] Company Actions - The Company is seeking to achieve a quorum for the Annual Meeting and prevent further expenses related to the extended meeting process [3] - Barnwell will disclose Isidoro's resignation to the SEC through a Current Report on Form 8-K [3] Shareholder Guidance - Shareholders are encouraged to vote on the WHITE proxy card for all Barnwell nominees, and those who previously voted on the Sherwood Group's green proxy card can change their vote [6]
Atrium Mortgage Investment Corporation Announces the Appointment of New CFO
Newsfile· 2025-06-02 20:30
Toronto, Ontario--(Newsfile Corp. - June 2, 2025) - Atrium Mortgage Investment Corporation (TSX: AI) ("Atrium") today announced the appointment of Gigi Wong as Chief Financial Officer, effective June 2, 2025.Robert Goodall, CEO of Atrium, stated, "We are very pleased to welcome Gigi to Atrium. She brings more than two decades of experience in finance and operational leadership, and will be responsible for overseeing the company's financial reporting and compliance functions. Gigi has held senior financial ...
Americold Elevates Proven Leaders to Drive Operational Excellence and Global Growth
GlobeNewswire· 2025-06-02 20:30
ATLANTA, GA., June 02, 2025 (GLOBE NEWSWIRE) -- Americold, a global leader in temperature-controlled storage, logistics and facilities solutions, and value-added services, today announced a series of executive leadership appointments. These changes are part of the company’s ongoing strategy to enhance operational execution, deepen customer relationships, and unlock global growth opportunities. Americold has created a new executive role, President, and appointed Rob Chambers to the position. In this capacit ...
21Shares Announces 3-for-1 Share Split for ARK 21Shares Bitcoin ETF (ARKB)
GlobeNewswire· 2025-06-02 20:30
NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) -- 21Shares US LLC ("21Shares"), an affiliate of 21Shares AG, one of the world’s largest issuers of crypto exchange traded funds (“ETFs”), today announced a 3-for-1 share split for its flagship fund ARK 21Shares Bitcoin ETF (ARKB). This move is designed to make shares more accessible to a broader base of investors and enhance trading efficiency. The share split is expected to be effective at market open on June 16, 2025. Following the split, the fund’s shares will co ...
PubMatic: Bright Future Ahead, But I'd Like To See A Bit More Progress
Seeking Alpha· 2025-06-02 20:22
PubMatic, Inc. (NASDAQ: PUBM ) recently reported its Q1 ’25 results , so I thought I’d go through the numbers and talk about the company’s outlook , which I believe is very positive, earning a spotMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Analyst’s Disclosure: ...
KKRT: 6.875% Subordinated Note IPO From KKR & Co.
Seeking Alpha· 2025-06-02 20:19
At Trade With Beta , we discuss ideas like this as they happen in more detail. All active investors are welcome to join on a free trial and ask any question in our chat room full of sophisticated traders and investors.This is our next article dedicated to an exchange-traded fixed-income security IPO. In this short study, we will focus on KKR & Co. Inc.'s (NYSE: KKR ) latest listed security: the 6.875% Subordinated Notes due 6/1/2065 (Analyst’s Disclosure: I/we have no stock, option or similar derivative pos ...
XAI Octagon Floating Rate & Alternative Income Trust Declares its Monthly Common Shares Distribution of $0.070 per Share
GlobeNewswire· 2025-06-02 20:15
CHICAGO, June 02, 2025 (GLOBE NEWSWIRE) -- XAI Octagon Floating Rate & Alternative Income Trust (the “Trust”) has declared its regular monthly distribution of $0.070 per share on the Trust’s common shares (NYSE: XFLT), payable on July 1, 2025, to common shareholders of record as of June 16, 2025, as noted below. The amount of the distribution represents a 9.09% decrease from the previous month's distribution amount of $0.077 per share. The Trust’s investment objective is to seek attractive total return with ...