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QNB Corp. and The Victory Bancorp, Inc. Announce Shareholder Approvals Received for Merger
Globenewswire· 2026-02-19 18:28
Merger Announcement - QNB Corp. and The Victory Bancorp, Inc. have announced that their shareholders approved the merger transaction, which was initially announced on September 23, 2025 [1] - The merger is expected to close in the second quarter of 2026, pending customary closing conditions and regulatory approvals [1] Company Profiles - QNB Corp. is the holding company for QNB Bank, headquartered in Quakertown, Pennsylvania, operating twelve branches and offering commercial and retail banking services [2] - QNB Bank also provides securities and advisory services through QNB Financial Services and title insurance as a member of Laurel Abstract Company LLC [2] - The Victory Bancorp, Inc. is the parent company of The Victory Bank, a Pennsylvania state-chartered commercial bank founded in 2008, offering a full range of banking services [3] - Victory Bank specializes in high-quality business lending, serving small and mid-sized businesses and professionals, with four offices across Montgomery and Berks Counties [3]
Shutterstock Issues Statement on CMA's Interim Report
Prnewswire· 2026-02-19 13:39
Group 1 - Shutterstock expresses satisfaction with the UK Competition and Markets Authority's (CMA) provisional decision regarding the merger with Getty Images, indicating no expected competition issues in the global stock content market [1] - The company disagrees with the CMA's finding that the merger may lead to a 'substantial lessening of competition' in the UK Editorial market, arguing that the analysis does not accurately reflect the UK market dynamics and customer alternatives [1] - Shutterstock plans to engage constructively with the CMA and will respond to the interim report according to the CMA's timeline, while also cooperating with the U.S. Department of Justice in its review [1] Group 2 - Shutterstock is positioned as a provider of scalable creative and GenAI solutions, leveraging a global network of creators and advanced technology to enhance business effectiveness [1] - The company boasts one of the largest and most diverse collections of high-quality licensable assets, data, AI solutions, and full-service studio production capabilities [1]
American Water Works Shareholders Approve Share Issuance for Essential Utilities Merger Deal
Yahoo Finance· 2026-02-16 19:03
Core Viewpoint - The proposed merger between American Water Works and Essential Utilities aims to create a leading regulated U.S. water and wastewater utility, enhancing operational efficiency and infrastructure investment while maintaining affordable service for over 4.7 million customer connections across 17 states [2][5]. Company Overview - American Water Works Company, Inc. is a publicly traded utility company providing water and wastewater services in the United States, focusing on the operation, management, and maintenance of regulated systems [14]. - The company also offers complementary nonregulated services to support system reliability and customer needs [15]. Merger Details - The special meeting of shareholders was held to vote on the merger with Essential Utilities, with shareholders approving the proposal to issue shares of American Water common stock in connection with the merger agreement [4][6]. - Approximately 161.2 million shares, or about 82.6% of the outstanding shares, were represented at the meeting, satisfying the quorum requirement [5][9]. Voting Process - The voting process was conducted electronically, allowing shareholders to vote or change their votes during the meeting [11]. - Preliminary results indicated that the share issuance proposal received the affirmative vote of at least a majority of the shares present [12]. Meeting Logistics - The meeting was conducted via remote communication to ensure broad access for shareholders and the public, with an audio-only format [1][3]. - An audio-only webcast of the meeting will remain available on American Water's investor relations website for at least 30 days [6].
X @Bloomberg
Bloomberg· 2026-01-29 22:32
SpaceX is considering a potential merger with Tesla, as well as an alternative combination with AI firm xAI, according to sources, a sign billionaire Elon Musk is weighing how to consolidate his empire https://t.co/V2YPIb714s ...
X @Decrypt
Decrypt· 2025-11-26 20:05
The pending merger, between Upbit owner Dunamu and payments giant Naver, is reportedly focused on the booming stablecoin sector. https://t.co/PhBAIbsKO6 ...
Paramount set to report earnings today: LightShed's Rich Greenfield on what to expect
CNBC Television· 2025-11-10 14:34
Paramount Sky Dance set to report quarterly results that's going to happen after the bell today for some insights on what to expect and how the chess board may move. Want to get uh into all of it with Rich Greenfield, partner and co-founder of Lightshed Partners. Uh let's start with uh what you're expecting on the earnings, but maybe perhaps more importantly what you think it portends uh as this merger chess board seems to be evolving.You know, the crazy part, Andrew, and I'm sure you you know, you you all ...
The Victory Bancorp, Inc. 2025 Third Quarter Earnings
Globenewswire· 2025-11-03 19:04
Core Viewpoint - Victory Bancorp, Inc. reported its financial results for Q3 2025, highlighting a net income of $358 thousand, impacted by increased expenses related to a merger with QNB, while showing growth in deposits and book value per share [2][3][8]. Financial Performance - Net income for Q3 2025 was $358 thousand, down from $558 thousand in Q3 2024, primarily due to higher other expenses which rose from $2.90 million to $3.47 million [2][12]. - Net interest income increased from $3.46 million in Q3 2024 to $3.70 million in Q3 2025 [3]. - Return on average assets decreased to 0.29% from 0.50% in Q3 2024, while return on average equity fell to 4.57% from 9.07% [3]. Deposit Growth - Total deposits grew to $436.74 million as of September 30, 2025, an increase of $38.57 million from the previous year [4]. Book Value and Equity - Book value per common share rose to $15.85 as of September 30, 2025, compared to $14.89 a year earlier [5]. - Stockholders' equity increased to $31.65 million from $29.44 million a year ago, reinforcing the company's strong capital position [6]. Credit Quality - Credit quality remained strong with no nonperforming assets reported and net charge-offs at (0.01)%, indicating net recoveries [7]. Earnings per Share - Basic and diluted earnings per common share were $0.18 and $0.17 for Q3 2025, down from $0.30 and $0.29 in Q3 2024; excluding merger-related costs, these would have been $0.33 and $0.31 respectively [8].
X @The Block
The Block· 2025-10-13 14:58
Dogecoin Foundation's corporate arm to go public via merger with esports company Brag House Holdings https://t.co/NLLAyO7v3I ...
X @Bloomberg
Bloomberg· 2025-09-30 23:16
Mexican billionaire David Martinez voted against the decision by Banco Sabadell’s board to reject BBVA SA’s €17 billion ($20 billion) takeover bid, saying a merger would spark a stock rally https://t.co/6Wb2sSvunQ ...
Transportation regulator Robert Primus on being caught in the crosshairs of Trump's firing spree
CNBC Television· 2025-08-28 18:06
Termination & Authority - Robert Primus's termination from the Surface Transportation Board is considered deeply troubling and legally invalid [1] - The termination email originated from a member of the Office of Presidential Personnel, an individual Primus was unfamiliar with [4][5] - The email stated the president terminated Primus's position without providing a cause [3][5] Alleged Justification & Primus's Defense - The White House commented that Primus was not in line with the "America First" agenda [7] - Primus defends his record, stating he has been pro-growth and pro-America during his four and a half years on the board, citing his engagement with various sectors like coal miners, manufacturers, and the agricultural sector [7][8] Merger Concerns & Competition - The proposed $85 billion merger between Norfolk Southern and Union Pacific is a significant issue for the board [8] - Primus has publicly refrained from commenting on the merger but has previously voted against the CPKC merger due to concerns about further consolidation and its impact on competition [9] - Concerns exist regarding the effects of consolidation on shippers, rates, and the overall public, including increased consumer costs [10] - The industry is worried about service problems that often follow mergers, which have historically resulted in significant financial losses for the manufacturing base and increased consumer costs [10][11]