Teva Announces Successful Upsizing and Pricing of $2,300,000,000 (Equivalent) Senior Notes; Proceeds to Repay Existing Debt
GlobeNewswire News Room· 2025-05-20 21:22
Core Viewpoint - Teva Pharmaceutical Industries Ltd. has successfully upsized its offering of senior notes to approximately $2.3 billion, increasing from a previously announced $2 billion, with proceeds intended for tender offers and debt repayment [1][3]. Group 1: Offering Details - The offering consists of €1 billion of 4.125% EUR-denominated Senior Notes maturing in 2031, $500 million of 6.000% USD-denominated Senior Notes maturing in 2032, and $700 million of 5.750% USD-denominated Senior Notes maturing in 2030 [2]. - The settlement of the notes is expected to occur on or about May 28, 2025, subject to customary closing conditions [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund tender offers for various senior notes, pay associated fees and expenses, and repay outstanding debt upon maturity or earlier redemption [1]. Group 3: Company Background - Teva Pharmaceutical Industries Ltd. is a global biopharmaceutical leader with over 120 years of commitment to health, employing 37,000 people across 57 markets to develop medicines and produce generics and biologics [6][7].
Columbia Graduate School of Business in Conjunction With Gabelli Funds Selects Jennifer A. Wallace 2025 Recipient of Graham & Dodd, Murray, Greenwald Prize
Globenewswire· 2025-05-20 21:19
Core Insights - Gabelli Funds announced Jennifer A. Wallace as the 2025 recipient of the Graham & Dodd, Murray, Greenwald Prize for Value Investing, awarded during the firm's fortieth client conference in New York [1][2] Group 1: Award Details - The Graham & Dodd Prize was created in 2005 by Gabelli to honor individuals who have significantly contributed to the field of value investing, with a funding of $1 million [2] - The award is presented annually at Gabelli's client meetings [2] Group 2: Jennifer A. Wallace's Background - Jennifer Wallace has dedicated her career to advancing value investing, starting with her work alongside Robert Bruce and later founding Summit Street Capital in 2009 [2] - Summit Street Capital employs a deep value investment strategy, focusing on a concentrated portfolio of high-quality companies with strong balance sheets acquired at bargain prices [2] - Wallace holds a BA from Columbia College and an MBA from Columbia Business School, where she received Beta Gamma Sigma honors [2] Group 3: Company Overview - GAMCO Investors, Inc. manages assets through private advisory accounts, mutual funds, and closed-end funds, known for its Private Market Value with a Catalyst™ investment style [3]
Equus Receives Notice of Non-Compliance with New York Stock Exchange Share Price Rule
Globenewswire· 2025-05-20 21:15
Core Viewpoint - Equus Total Return, Inc. has been notified by the NYSE of non-compliance with listing standards due to its Common Stock trading below $1.00 for a consecutive 30-day period, but this notice does not affect its current listing or trading status [1][4]. Group 1: Compliance Notification - The NYSE notified Equus on May 15, 2025, regarding the non-compliance with Section 802.01C of the NYSE Listed Company Manual [1]. - The notice is classified as a deficiency notice and does not imply immediate delisting [1][4]. Group 2: Plans for Compliance - The Company plans to inform the NYSE by May 25, 2025, of its intention to remedy the stock price deficiency and return to compliance [2]. - Equus can regain compliance within six months if it achieves a closing share price of at least $1.00 on the last trading day of any calendar month during the cure period [2]. Group 3: Potential Actions for Compliance - The Company is considering various alternatives to address the stock price non-compliance, including a reverse stock split, which will be proposed at the upcoming annual meeting on June 26, 2025 [3]. - If the Company takes action requiring stockholder approval, the price condition will be deemed cured if the stock price exceeds $1.00 and remains above that level for at least 30 trading days [3]. Group 4: Ongoing Operations - Equus's Common Stock will continue to be listed and traded on the NYSE during the compliance period, provided it meets other listing standards [4]. - The notice is not expected to impact the Company's ongoing business operations or its reporting obligations with the U.S. Securities and Exchange Commission [4]. Group 5: Company Overview - Equus Total Return, Inc. operates as a business development company and trades as a closed-end fund on the NYSE under the symbol "EQS" [5].
NOVAGOLD Announces Election of Directors and Voting Results from 2025 Virtual Annual General Meeting of Shareholders
Globenewswire· 2025-05-20 21:05
Core Points - NOVAGOLD Resources Inc. announced the results of its Annual General Meeting of Shareholders held on May 15, 2025, where all proposals were approved and all director nominees were elected [1][5] - A total of 275,809,182 shares, representing 82.41% of the Company's issued and outstanding shares, were represented at the Meeting [1][5] Shareholder Engagement - During the proxy outreach, NOVAGOLD contacted shareholders owning over 50,000 shares, who collectively hold approximately 89.92% of the Company's voting shares [2][5] - The input from shareholders has contributed to improvements in the Company's governance and compensation practices year-over-year [2] Shareholder Voting Results Proposal 1 – Election of Directors - All nominees listed in the Management Information Circular were elected as Directors, with the following vote outcomes: - Dr. Elaine Dorward-King: 93.96% votes for [3] - Dr. Diane Garrett: 99.54% votes for [3] - Dr. Thomas Kaplan: 99.34% votes for [3] - Hume Kyle: 99.27% votes for [3] - Gregory Lang: 99.74% votes for [3] - Kalidas Madhavpeddi: 85.04% votes for [3] - Kevin McArthur: 98.30% votes for [3] - Daniel Muñiz-Quintanilla: 94.03% votes for [3] - Ethan Schutt: 99.63% votes for [3] - Dawn Whitaker: 97.95% votes for [3] Proposal 2 – Appointment of Auditors - The appointment of PricewaterhouseCoopers LLP as auditors was approved [4] Proposal 3 – Advisory Approval of Executive Compensation ("Say-on-Pay") - The advisory vote on executive compensation received the following results: - Votes For: 180,443,860 (70.65%) - Votes Against: 73,007,164 (28.58%) - Abstentions: 1,939,929 (0.75%) [6]
Hawkins, Inc. to Participate in the 2025 Wells Fargo Industrials Conference
Globenewswire· 2025-05-20 21:04
Core Points - Hawkins, Inc. will participate in the Wells Fargo Industrials Conference on June 10, 2025 [1][2] - The conference will take place at the Loews Chicago from June 10 to June 12, 2025, featuring fireside chats and one-on-one meetings with senior executives [2] - Hawkins, Inc. generated $974 million in revenue for fiscal 2025 and employs approximately 1,100 people [3] Company Overview - Hawkins, Inc. was founded in 1938 and specializes in water treatment and specialty ingredients [3] - The company formulates, manufactures, distributes, and blends products for various sectors including Water Treatment, Food & Health Sciences, and Industrial Solutions [3] - Hawkins, Inc. is headquartered in Roseville, Minnesota, and operates 63 facilities across 28 states [3]
Garrett Motion Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
Globenewswire· 2025-05-20 21:03
Company Overview - Garrett Motion Inc. is a leading differentiated automotive technology provider with a 70-year history of innovation in the automotive sector and beyond, including off-highway equipment, marine, and power generators [8] - The company specializes in turbocharging technology, which has led to significant reductions in engine size, fuel consumption, and CO2 emissions [8] - Garrett is actively developing technology solutions for Zero Emission Vehicles, including fuel cell compressors for hydrogen fuel cell vehicles and electric propulsion systems for battery electric vehicles [8] - The company operates five R&D centers and 13 manufacturing facilities, employing over 9,000 people in more than 20 countries [8] Recent Developments - Garrett announced a proposed secondary public offering of 17,000,000 shares of common stock held by certain entities managed by affiliates of Oaktree Capital Management, Centerbridge Partners, and Cyrus Capital Partners [1] - The underwriters have a 30-day option to purchase an additional 2,550,000 shares from the Selling Stockholders [1] - The company has authorized the repurchase of approximately 2 million shares of common stock as part of the secondary public offering, with a maximum aggregate repurchase amount of $25 million [2] - This repurchase is part of Garrett's existing $250 million share repurchase program [2] Underwriters and Regulatory Filings - Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as lead bookrunners for the proposed offering, with several other firms serving as joint bookrunning managers [3] - A shelf registration statement and a preliminary prospectus supplement relating to the offering have been filed with the Securities and Exchange Commission [4]
Fairfax Completes US$900,000,000 Senior Notes Offering
Globenewswire· 2025-05-20 21:02
Core Viewpoint - Fairfax Financial Holdings Limited has successfully completed a private offering of US$500 million in 5.750% senior notes due 2035 and US$400 million in 6.500% senior notes due 2055, totaling US$900 million in aggregate principal amount [1]. Group 1: Offering Details - The offering consists of two types of senior notes: US$500 million at 5.750% due in 2035 and US$400 million at 6.500% due in 2055 [1]. - The offering was conducted through a private placement to qualified institutional buyers and certain non-U.S. persons, adhering to Rule 144A and Regulation S under the U.S. Securities Act [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for refinancing, repaying, or redeeming outstanding debt, equity, or other corporate obligations of Fairfax and its subsidiaries [2]. - The proceeds may also be directed towards potential acquisition or investment opportunities, including minority interests in subsidiaries, and for general corporate purposes [2]. Group 3: Company Overview - Fairfax is primarily engaged in property and casualty insurance and reinsurance, along with associated investment management through its subsidiaries [5].
Mattr Reports Voting Results From Annual Meeting
Globenewswire· 2025-05-20 21:01
TORONTO, May 20, 2025 (GLOBE NEWSWIRE) -- Mattr Corp. (“Mattr” or the “Company”) (TSX: MATR) announced today in accordance with Toronto Stock Exchange requirements, the voting results from its Annual Meeting held May 15, 2025 in Toronto, Ontario. A total of 43,559,302 common shares were voted at the meeting representing 69.87% of the votes attached to all outstanding shares. Shareholders voted in favour of all items of business before the meeting, including the election of all director nominees as follows: ...
Latin Metals Announces Closing of Oversubscribed Private Placement for Gross Proceeds of $1.33 Million
Globenewswire· 2025-05-20 21:00
VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce the closing of its previously announced non-brokered private placement (the “Financing”) for aggregate gross proceeds of $1,330,499.94, through the issuance of 12,095,454 units (each a “Unit”) at a subscription price of $0.11 per Unit. Each Unit consists of one common share in the capital of Latin Metals (each, a “Share”) and one common share p ...
Helium Evolution Announces Filing of First Quarter 2025 Financial Results
Globenewswire· 2025-05-20 21:00
CALGARY, Alberta, May 20, 2025 (GLOBE NEWSWIRE) -- Helium Evolution Incorporated (TSXV:HEVI) ("HEVI" or the "Company"), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, today announced the filing of the Company’s interim condensed financial statements and associated management’s discussion and analysis for the three months ended March 31, 2025 (the “Q1 Report”). Complete details of the Q1 Report are available on SEDAR+ at www.sedarplus.ca, and on HEVI’s webs ...