Core Points - FARO Technologies, Inc. has announced that its shareholders approved the acquisition by AMETEK, Inc. at a Special Meeting [1][2] - Over 99% of votes cast were in favor of the merger agreement, which required a majority vote from FARO's outstanding shares [2] - Upon completion of the merger, FARO shareholders will receive $44 in cash for each share of FARO common stock, with the transaction expected to close in the second half of 2025, pending regulatory approvals [3] Company Information - FARO has been a leader in technology solutions for over 40 years, focusing on enabling customers to measure their world and make informed decisions [5] - The company is recognized for its innovative approach in bridging digital and physical realities through reliable data accuracy and immediacy [5] Advisory Information - Evercore is serving as the exclusive financial advisor, while Foley & Lardner LLP is acting as the legal advisor to FARO during this merger process [4]

BOSTON, July 11, 2025 (GLOBE NEWSWIRE) -- Ikena Oncology, Inc. (Nasdaq: IKNA, “Ikena,” the “Company”) today announced that Institutional Shareholder Services Inc. (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”) recommend that stockholders vote FOR the issuance of shares in connection with the previously disclosed proposed merger with Inmagene Biopharmaceuticals (“Inmagene”) at Ikena’s upcoming Annual Meeting of Stockholders on July 15, 2025. ISS and Glass Lewis are leading U.S. institutional voting advisory ...

Indonesian telecommunications tower company Dayamitra Telekomunikasi is considering reviving a merger with rival Tower Bersama Infrastructure, sources say https://t.co/ghZyBtPRvl ...

All-stock merger deals are complicated enough before mixing in AI, crypto and retail shareholders, says @hughes_chris (via @opinion) https://t.co/rFAjtiz6lS ...

Merger Overview - Uniti and Windstream are merging to create a premier fiber provider with approximately $4 billion in revenue and 240,000 fiber route miles across 47 US states[13] - Existing Uniti shareholders will own roughly 62% and Windstream shareholders will own about 38% of the combined company's common equity[13] - The combined company has approximately 44 million residential households, 240,000 fiber route miles, and 150,000 on-net locations[8] Financial Profile & Growth - The combined company anticipates core fiber revenue between $2845 million and $2865 million, and total revenue between $3745 million and $3780 million in 2025[25] - The combined company anticipates total adjusted EBITDA between $1545 million and $1575 million, and total net Capex between $1210 million and $1220 million in 2025[25] - Kinetic consumer revenue is expected to grow approximately 2% in 2025, and strategic fiber infrastructure revenue is expected to grow approximately 5% in 2025[28] - Uniti is targeting strategic recurring revenue growth of approximately 4% to 6% and strategic recurring adjusted EBITDA growth of approximately 8% to 10% in 2025[35] Strategic Priorities - Uniti aims to pass an incremental 325,000 homes with fiber in 2025, reaching approximately 2 million homes in total[35] - Consolidated new sales bookings MRR was $08 million in Q1 2025, up approximately 40% from the prior year period[49] - The company's debt yielded approximately 125% in February 2023, which has improved to approximately 75% currently[52] AI Opportunity - The total AI TAM is projected to be $300 billion by 2030, with digital infrastructure TAM at $40 billion and fiber/network TAM at $15 billion[19]

Core Viewpoint - Old Point Financial Corporation's shareholders have approved the merger with TowneBank, marking a significant step towards the completion of the transaction, which is expected to finalize in the second half of 2025, pending regulatory approvals [1][2]. Company Overview - Old Point Financial Corporation (NASDAQ: OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, serving the Hampton Roads and Richmond regions of Virginia [3]. - Old Point National Bank is a community bank offering a variety of financial services, including checking, insurance, mortgage products, and commercial lending [3]. - Old Point Wealth Management is the largest wealth management provider in Hampton Roads, focusing on local asset management [3]. Merger Details - The merger is seen as a strategic partnership that will enhance value for shareholders and support community growth [2]. - The completion of the merger is subject to customary closing conditions, including regulatory approvals [1].

Core Viewpoint - Radius Recycling, Inc. reported significant improvements in its financial performance for the third quarter of fiscal 2025, with higher sales volumes across ferrous, nonferrous, and finished steel products, leading to a notable reduction in losses compared to previous quarters [2][3][4]. Financial Performance - The company reported a loss per share from continuing operations of $(0.59) and a net loss of $(16) million for the third quarter, an improvement from $(1.15) and $(33) million in the second quarter [2][3]. - Adjusted EBITDA was $22 million in the third quarter, a significant improvement from approximately break-even in the prior quarter [3][33]. - The adjusted loss per share from continuing operations was $(0.39) in the third quarter, compared to $(0.99) in the second quarter [3][32]. Sales Volumes and Market Conditions - Nonferrous sales volumes increased by 23% sequentially, driven by strong domestic demand and higher average net selling prices, which rose by 7% [4][5]. - Ferrous sales volumes were up 4% sequentially, with average net selling prices increasing by 3% despite a volatile market environment [5][6]. - Finished steel sales volumes increased by 15% sequentially, attributed to stronger construction activity and healthy demand in Western markets [6][7]. Operational Metrics - Rolling mill utilization reached 107%, significantly higher than 88% in the prior quarter, contributing to improved operating leverage and margin expansion [6][7]. - The company generated positive operating cash flow of $3 million during the third quarter [7]. Debt and Capital Management - Total debt at the end of the quarter was $454 million, with net debt (debt minus cash) at $438 million [7][35]. - Capital expenditures for the quarter were $10 million [7]. Dividend Declaration - The Board of Directors declared a cash dividend of $0.1875 per common share, marking the 125th consecutive quarterly dividend [9][10]. Merger Activity - The company is in the process of merging with Toyota Tsusho America, Inc., with shareholder approval already obtained, and the merger expected to close in the second half of calendar year 2025, pending regulatory approvals [10][11].

Company Overview - The merger between Shyft Group, Inc. and Aebi Schmidt Holding AG has been completed, resulting in the formation of Aebi Schmidt Group, a leader in the specialty vehicles sector [1][2] - The combined company reported a pro forma revenue of $1.9 billion and adjusted EBITDA of $148 million for 2024 [4] Leadership and Governance - Barend Fruithof has been appointed as the Group Chief Executive Officer, while James Sharman serves as the Chairman of the Board of Directors [5] - The leadership team combines expertise from both legacy organizations to ensure effective integration and performance [5] Market Position and Strategy - Aebi Schmidt Group is positioned as a differentiated global leader with expanded reach across North America and Europe, complemented by enhanced operational capabilities [2][3] - The merger aims to accelerate innovation and enhance global market leadership, focusing on delivering customer-driven solutions [3] Stock and Trading Information - Shares of Aebi Schmidt Group are set to begin trading on NASDAQ under the ticker symbols "AEBIV" on a "when-issued" basis and "AEBI" on a "regular-way" basis starting July 1 and July 2, 2025, respectively [2] - Shyft's common stock has been delisted from NASDAQ as part of the merger process [6][7]

Core Viewpoint - Portman Ridge Finance Corporation (PTMN) has received shareholder approval for the merger with Logan Ridge Finance Corporation (LRFC), with the transaction expected to close around July 15, 2025, following overwhelming support from PTMN shareholders [1][2][3]. Company Overview - PTMN is a publicly traded, externally managed closed-end investment company regulated as a business development company under the Investment Company Act of 1940, focusing on middle market investments [6]. - LRFC is also a business development company that primarily invests in first lien loans and equity securities of lower middle-market companies [9]. Merger Details - Approximately 88% of PTMN shareholders voted in favor of the merger, while LRFC stockholders approved the merger on June 20, 2025 [2]. - Upon closing, the combined entity will be rebranded as BCP Investment Corporation and will trade under the new ticker symbol "BCIC" [4][7]. Financial Initiatives - The new company will transition to a monthly distribution framework starting in 2026, while maintaining the potential for quarterly supplemental distributions [7]. - Over the next 24 months, the company plans to repurchase up to 20% of its outstanding common stock if shares trade below 80% of net asset value, with an authorized stock repurchase program of up to $10 million [7]. Leadership Statements - The CEO of PTMN and LRFC expressed gratitude for shareholder support, emphasizing the strategic vision behind the merger and the goal of creating a larger, more efficient platform for long-term growth [3].

Logan Ridge Finance (LRFC) 2025 Extraordinary General Meeting June 20, 2025 10:30 AM ET Speaker0 Good morning, ladies and gentlemen, and welcome to the special meeting of stockholders of Logan Ridge Finance Corporation. My name is Ted Goldthorpe, Director, President and Chief Executive Officer of the company, and I will act as Chair of this meeting. We're excited to be hosting our virtual meeting, which allows us to be more inclusive and reach a greater number of stockholders. We have stockholders attending ...