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Union Pacific (UNP) 2025 Conference Transcript
2025-06-10 15:32
Union Pacific (UNP) 2025 Conference June 10, 2025 10:30 AM ET Speaker0 Exactly. Alright. Well, thanks, and good morning again, everybody. Very excited to be joined again, in the transport track by Union Pacific. From UP, we have Jim Bene, CEO Jennifer Hayman, CFO. In the audience, we have Diana and Brandon from the IR team. So thanks everyone for joining us. Really appreciate your coming to the conference today. Speaker1 Thanks for having me. Speaker0 And we're super. I think you guys have one slide. We onl ...
Brown & Brown, Inc. enters into agreement to acquire Accession Risk Management Group
Globenewswire· 2025-06-10 10:45
Core Viewpoint - Brown & Brown, Inc. has announced an agreement to acquire Accession Risk Management Group, Inc. for a gross purchase price of $9.825 billion, expected to close in Q3 2025, subject to regulatory approvals [2][3][4] Company Overview - Brown & Brown, Inc. is a leading insurance brokerage firm with over 17,000 professionals and a global presence across 500+ locations, providing customer-centric risk management solutions since 1939 [8] - Accession Risk Management Group, established in 1997, is the ninth largest privately held insurance brokerage in the U.S., with pro forma adjusted revenues of approximately $1.7 billion for 2024 and over 5,000 insurance professionals [3][9] Transaction Details - The acquisition will be executed on a cash and debt-free basis, with the waiting period for antitrust filings already expired [2] - Following the acquisition, Risk Strategies will integrate into Brown & Brown's Retail segment, while One80 Intermediaries will join the new Specialty Distribution segment [4] Strategic Benefits - The acquisition aims to combine two culturally aligned organizations, enhancing customer relationships and expanding market offerings [5] - It is expected to drive shareholder value through anticipated revenue and cash flow growth, with acquired operations estimated to be accretive to Brown & Brown's 2024 adjusted diluted net income per share [6]
Dada Announces Shareholders' Approval of Merger Agreement
Globenewswire· 2025-06-10 10:43
SHANGHAI, China, June 10, 2025 (GLOBE NEWSWIRE) -- Dada Nexus Limited (NASDAQ: DADA, “Dada” or the “Company”), China’s leading local on-demand retail and delivery platform, today announced that at an extraordinary general meeting of shareholders (the “EGM”) held today, the Company’s shareholders voted in favor of the proposal to authorize and approve the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated April 1, 2025, by and between the Company, JD Sunflower Investment Limite ...
GTLS Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Merger of Chart Industries, Inc. With Flowserve Corporation
GlobeNewswire News Room· 2025-06-09 13:40
MONSEY, N.Y., June 09, 2025 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Chart Industries, Inc. (NYSE: GTLS) (“Chart”) with Flowserve Corporation (“Flowserve”) in an all-stock transaction under which Chart stockholders will receive 3.165 shares of Flowserve common stock for each share of Chart common stock owned. If you remain a Chart shareholder and have concerns about the fairness of the exchange, you may contact our firm at the following ...
STR Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Merger of Sitio Royalties Corp With Viper Energy
GlobeNewswire News Room· 2025-06-09 13:30
MONSEY, N.Y., June 09, 2025 (GLOBE NEWSWIRE) -- The law firm of Wohl & Fruchter LLP is investigating the fairness of the proposed merger of Sitio Royalties Corp. (NYSE: STR) (“Sitio”) with Viper Energy, Inc. (“Viper”) in an all-stock transaction that values Sitio at approximately $19.41 per share based on the closing price of Viper common stock on June 2, 2025. The implied deal price is below the price targets for Sitio of at least four Wall Street analysts, as per the list below (source: TipRanks). If you ...
Vireo Growth Inc. Announces Closing of Deep Roots Harvest Acquisition in Nevada
Globenewswire· 2025-06-09 11:00
Company Overview - Vireo Growth Inc. has successfully completed the acquisition of Deep Roots Holdings, a cannabis operator in Nevada [1][3] - Deep Roots operates a 54,000 square foot cultivation and manufacturing facility and has ten active retail dispensaries [2] Financial Details - The total consideration for the acquisition was $132.7 million, paid in 255.2 million Subordinate Voting Shares at a reference price of $0.52 per share [3] - The purchase price represents a multiple of 4.175x the 2024 "Closing EBITDA" of $30 million [3] - The transaction includes clawback provisions if the 2026 EBITDA falls below the Closing EBITDA as of December 31, 2026 [3] Strategic Positioning - Deep Roots benefits from strategically located stores in Southern Nevada, particularly near the Utah border, enhancing its market performance [2] - The company also holds equity and debt investments in a retail chain in California and a vertical operator in Ohio and Massachusetts [2] Company Background - Vireo was founded in 2014 as a pioneer in medical cannabis and focuses on empowering local market leaders and strategic resource allocation [4]
美国风险投资支持的并购前景(英)2025
PitchBook· 2025-06-09 06:25
PitchBook Data, Inc. Nizar Tarhuni Executive Vice President of Research and Market Intelligence Paul Condra Global Head of Private Markets Research Kaidi Gao Senior Research Analyst, Venture Capital kaidi.gao@pitchbook.com Data Collin Anderson Senior Data Analyst pbinstitutionalresearch@pitchbook.com Publishing Designed by Adriana Hansen and Josie Doan Published on May 28, 2025 Contents Kyle Stanford, CAIA Director of Research, US Venture Institutional Research Group Analysis | Key takeaways | 1 | | --- | - ...
Buy FuboTV Now or Wait Until the Disney Deal Is Done?
The Motley Fool· 2025-06-08 07:50
FuboTV (FUBO 2.23%) made headlines in early 2025 when it agreed to merge with Disney's (DIS 1.27%) Hulu streaming service. This is a very big deal for FuboTV, and the stock has risen dramatically since the agreement was announced. Should interested investors buy now before the deal is done, or does it make more sense to wait and see what happens?What does FuboTV do?FuboTV says it has "a global mission to aggregate the best in TV, including premium sports, news and entertainment content, through a single app ...
DICK'S Sporting Goods Commences Exchange Offer and Consent Solicitation for Foot Locker's Senior Notes Due 2029
Prnewswire· 2025-06-06 20:15
Core Points - DICK'S Sporting Goods is initiating an Exchange Offer to acquire Foot Locker's outstanding 4.000% Senior Notes due 2029, offering up to $400 million in new DICK'S Notes in exchange [1][10] - The Exchange Offer is contingent upon the successful completion of the merger, where Foot Locker will become a wholly owned subsidiary of DICK'S [1][10] - DICK'S is also soliciting consents to amend the indenture governing the Foot Locker Notes, aiming to eliminate restrictive covenants and certain events of default [2] Exchange Offer Details - The Exchange Offer will expire at 5:00 p.m. New York City time on August 1, 2025, unless extended [9] - Holders of Foot Locker Notes can receive a Consent Payment ranging from $2.50 to approximately $5.00 per $1,000 principal amount, depending on the amount tendered [3][12] - Eligible holders who tender their Foot Locker Notes by the Early Participation Date will receive an Early Participation Premium of $30.00 [13] Financial Considerations - For each $1,000 principal amount of Foot Locker Notes accepted for exchange, holders will receive $970 principal amount of DICK'S Notes [14] - The DICK'S Notes will have the same interest payment dates, maturity date, and interest rate as the Foot Locker Notes, but will replace the fixed redemption schedule with a customary investment-grade redemption schedule [15] Conditions and Modifications - The Exchange Offer and Consent Solicitation are conditioned upon the tendering of at least a majority of the aggregate principal amount of Foot Locker Notes [10] - DICK'S reserves the right to modify or terminate the Exchange Offer and extend the Early Participation Date, Expiration Date, and settlement date [11]
Logan Ridge Announces Change of Date to the Special Meeting of Stockholders to Allow Additional Time for Stockholders to Vote “FOR” the Merger Proposal
Globenewswire· 2025-06-05 23:35
Stockholders of LRFC Who Have Voted Thus Far Have Expressed Strong Support for the Proposed Merger Both Leading Independent Proxy Advisors, Institutional Shareholder Services (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), Have Recommended LRFC Stockholders Vote “FOR” the Merger Proposal NEW YORK, June 05, 2025 (GLOBE NEWSWIRE) -- Logan Ridge Finance Corporation (NASDAQ: LRFC) (“Logan Ridge” or “LRFC”) announced today that its Special Meeting of Stockholders (the “LRFC Special Meeting”) will take place on Ju ...