Merger
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Aker Horizons ASA: Disclosure of large shareholdings and mandatory notification of trade
Prnewswire· 2025-09-01 20:30
Core Viewpoint - Aker Horizons ASA is progressing with a planned merger involving its subsidiary Aker Horizons Holding AS and AKH HoldCo AS, a subsidiary of Aker ASA, with significant share transfers occurring as part of this process [1][2]. Group 1: Merger Details - The merger between Aker Horizons Holding AS and AKH HoldCo AS was announced on May 9, 2025, indicating a strategic consolidation within the Aker group [1]. - Aker Capital AS has transferred 464,285,714 shares, which constitutes approximately 67.25% of Aker Horizons ASA's share capital, to AKH HoldCo as a preparatory step for the merger [2]. Group 2: Regulatory Aspects - AKH HoldCo has received an exemption from the mandatory offer rules under the Norwegian Securities Trading Act for the internal transfer of shares, as granted by the Norwegian Financial Supervisory Authority [3].
X @The Wall Street Journal
The Wall Street Journal· 2025-08-22 22:30
Industry Trend - CSX and BNSF's pact sparks debate on whether another rail merger is approaching [1]
DallasNews Corporation Files Definitive Proxy Statement and Issues Letter to Shareholders
Globenewswire· 2025-08-18 11:30
Core Points - DallasNews Corporation is proposing a merger with Hearst, offering shareholders an all-cash consideration of $15 per share, which represents a 242% premium over the closing price of $4.39 on July 9, 2025 [1][4][8] - The Board of Directors unanimously supports the merger, emphasizing its potential to provide immediate liquidity and eliminate ownership risks for shareholders [2][4][7] - Shareholders are encouraged to vote "FOR" the merger at the special meeting scheduled for September 23, 2025, to secure the proposed cash premium [1][19][20] Company Overview - DallasNews Corporation is the holding company for The Dallas Morning News and Medium Giant, known for its strong journalistic reputation and community ties [20] - The Dallas Morning News has received nine Pulitzer Prizes, highlighting its commitment to quality journalism [20] - Medium Giant is recognized for its marketing excellence, having won several industry awards in 2024 [20] Merger Details - The merger with Hearst is positioned as a significant opportunity for DallasNews shareholders to realize immediate value and avoid market risks associated with public company ownership [7][12] - Hearst's offer is backed by its strong reputation in the media industry and financial capacity, providing assurance for the completion of the transaction [8][9] - The merger proposal requires approval from shareholders, with a two-thirds majority needed from both Series A and Series B Common Stock [19] Shareholder Communication - The Board has communicated the importance of the merger to shareholders, highlighting the risks of remaining a standalone public company if the merger is not approved [11][12] - DallasNews' largest shareholder, Mr. Robert W. Decherd, has publicly expressed his support for the merger and his commitment to preserving the legacy of DallasNews [10][13] - Shareholders are advised to disregard any competing proposals, particularly from Alden Global Capital, which has a controversial history in the newspaper industry [14][15][16]
X @TylerD 🧙♂️
TylerD 🧙♂️· 2025-08-15 12:26
Dig into the Nakamoto merger & why it matters + catch up on all the day's newshttps://t.co/bONJnbj0mn ...
X @TylerD 🧙♂️
TylerD 🧙♂️· 2025-08-14 21:52
Mergers & Acquisitions - Nakamoto officially closed its merger with KindlyMD [1] Funding & Treasury - The company will launch its Bitcoin TreasuryCo with $540 million in existing PIPE funding [1] - The company plans to raise $200 million tomorrow via convertible note offering [1] - The funding positions the company in the top 15 of BTC TreasuryCos [1]
Regional Health Properties, Inc. and SunLink Health Systems, Inc. Complete Merger
Globenewswire· 2025-08-14 21:01
Core Viewpoint - The merger between Regional Health Properties, Inc. and SunLink Health Systems, Inc. is a transformative step aimed at creating a vertically integrated company that enhances growth, efficiency, and long-term value creation [2]. Company Overview - Regional Health Properties, Inc. is a self-managed healthcare real estate investment company focused on investing in real estate for senior living and long-term care [7]. Merger Details - The merger was completed on August 14, 2025, with Regional surviving as the merged entity [1]. - Each five shares of SunLink common stock were converted into 1.1330 shares of Regional common stock and one share of Regional Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares [3]. - The total consideration for the merger included approximately 1,595,400 shares of Regional common stock and approximately 1,408,120 shares of Regional Series D preferred stock [3]. Leadership Structure - The combined company will be led by Brent S. Morrison as President and CEO, with Mark J. Stockslager as CFO and Robert M. Thornton, Jr. as Executive Vice President – Corporate Strategy [5]. - The Board of Directors will include members from both Regional and SunLink, ensuring continuity and integration of leadership [6]. Trading Information - The combined company will operate under the name Regional Health Properties, Inc. and will continue to trade under Regional's ticker symbols on the OTCQB [4].
Regional Health Properties, Inc. and SunLink Health Systems, Inc. Complete Merger
GlobeNewswire News Room· 2025-08-14 21:01
Core Viewpoint - The merger between Regional Health Properties, Inc. and SunLink Health Systems, Inc. is a transformative step aimed at creating a vertically integrated company that enhances growth, efficiency, and long-term value creation [2]. Merger Details - The merger was completed on August 14, 2025, with Regional surviving as the merged entity [1]. - Each five shares of SunLink common stock were converted into 1.1330 shares of Regional common stock and one share of Regional Series D 8% Cumulative Convertible Redeemable Participating Preferred Shares [3]. - The total consideration for the merger included approximately 1,595,400 shares of Regional common stock and about 1,408,120 shares of Regional Series D preferred stock [3]. Leadership Structure - Brent S. Morrison will continue as President and CEO of the combined company, with Mark J. Stockslager as CFO and Robert M. Thornton, Jr. as Executive Vice President – Corporate Strategy [5]. - The Board of Directors will include members from both Regional and SunLink, ensuring continuity and integration of leadership [6]. Company Overview - Regional Health Properties, Inc. is a self-managed healthcare real estate investment company focused on senior living and long-term care properties [7].
X @Bitcoin Magazine
Bitcoin Magazine· 2025-08-14 20:26
BREAKING: David Bailey's Nakamoto officially completes merger and can now buy over $740 MILLION #BitcoinBullish! 🚀 https://t.co/PKOP2PamZB ...
Star Equity Holdings, Inc. Announces 2025 Second Quarter Financial Results
Globenewswire· 2025-08-13 12:30
Financial Performance - The company reported a consolidated revenue increase of 76% in Q2 2025, driven by strong performance in the Building Solutions division and contributions from recent acquisitions [5][6] - Q2 2025 revenues reached $23.7 million, up from $13.5 million in Q2 2024, with a gross profit increase of 182.2% to $6.3 million [6][11] - The company achieved a net income of $3.5 million in Q2 2025, compared to a net loss of $3.8 million in the same period last year [11][12] Division Performance - The Building Solutions division saw revenues increase by 75.8% to $23.7 million, with a gross profit increase of 135.2% to $5.2 million [6][9] - The Energy Services division reported robust performance despite challenging macroeconomic conditions, contributing to overall revenue growth [5] - The Investments division generated $5.8 million in adjusted EBITDA, primarily from a realized gain on an investment in Servotronics [5][13] Backlog and Future Outlook - The Building Solutions backlog stood at $25.7 million at the end of Q2 2025, indicating strong demand for new projects [5][8] - The company expressed optimism for strong performance in the second half of 2025, supported by a solid sales pipeline and customer feedback [5][8] Operating Expenses and Cash Flow - Q2 2025 SG&A expenses increased by 20.2% to $6.4 million, but as a percentage of revenue, they decreased to 27.1% from 39.6% in Q2 2024 [10] - Cash flow from operations improved, with an outflow of $1.7 million in Q2 2025 compared to $1.9 million in Q2 2024, attributed to favorable operational results [15] Merger and Strategic Initiatives - The company signed a definitive merger agreement with Hudson Global, expected to enhance shareholder value through increased scale and diversification [5][12] - Shareholder meetings for the merger approval are scheduled for August 21, 2025 [5]
Mesa Air Group Reports Third Quarter Fiscal 2025 Results and Provides Update on Proposed Merger with Republic Airways Holdings Inc.
Globenewswire· 2025-08-13 11:00
Core Viewpoint - Mesa Air Group reported significant operational and financial restructuring in Q3 fiscal 2025, leading to improved performance and optimism regarding the proposed merger with Republic Airways Holdings Inc. Financial Performance - Total operating revenues for Q3 2025 were $92.8 million, a decrease of $18.0 million or 16.3% compared to $110.8 million in Q3 2024 [10] - GAAP net income was $20.9 million, or $0.50 per diluted share, compared to a net loss of $19.9 million, or $(0.48) per diluted share, in Q3 2024 [13] - Adjusted net loss was $0.6 million, or $(0.01) per diluted share, versus an adjusted net loss of $9.4 million, or $(0.23) per diluted share, in Q3 2024 [13] - Adjusted EBITDA for Q3 2025 was $6.0 million, down from $8.9 million in Q3 2024 [14] Operational Highlights - Daily block hour utilization increased to 9.8 hours, up 15.4% year-over-year and 5.1% sequentially [4] - The company achieved a controllable completion factor of 99.99% for United during Q3 2025, compared to 99.94% in Q3 2024 [15] - Mesa operated 60 E-175 jets under its capacity purchase agreement with United Airlines [15] Merger Update - The combined company post-merger is estimated to have a twelve-month run-rate annual revenue between $1.8 billion and $2.0 billion [6] - Republic generated approximately $169 million in adjusted EBITDA in the first half of 2025, while Mesa generated $14 million, totaling $183 million [6] - The pro forma cash and debt balances of the combined company post-merger are expected to exceed $300 million and approximately $1.1 billion, respectively [9] Asset Transactions - Mesa closed on sales of surplus CRJ assets for gross proceeds of $17.2 million, which were used to repay U.S. Treasury debt [7] - Subsequent to the June 2025 quarter end, Mesa entered into purchase agreements for additional assets and closed on sales of 8 spare engines and 5 surplus CRJ-900 airframes for gross proceeds of $11.7 million [7] Balance Sheet and Liquidity - As of June 30, 2025, Mesa had $42.5 million in unrestricted cash and cash equivalents and $113.7 million in total debt, down from $366.4 million a year earlier [16] - The company paid $17.9 million in debt during the quarter, primarily related to CRJ asset sale transactions [16]