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Workhorse Group Recommends Shareholders Follow Recommendations of Leading Independent Proxy Advisory Firms to Vote FOR Motiv Transaction Today
Globenewswire· 2025-11-04 21:05
Core Viewpoint - Workhorse Group, Inc. has received recommendations from leading independent proxy advisory firms ISS and Glass Lewis to vote in favor of its transaction with Motiv Electric Trucks, highlighting the potential value this merger could deliver to shareholders [1][2]. Company Overview - Workhorse Group, Inc. is focused on the transition to zero-emission commercial vehicles, designing and building vehicles in the United States [7]. Transaction Details - The transaction with Motiv is seen as a significant milestone, providing shareholders with the opportunity to benefit from the growth potential in the medium-duty electric vehicle market [2][5]. - The merger is expected to create a platform for scalable growth, leveraging a diverse product portfolio and strong fleet relationships [5]. Strategic Rationale - The strategic rationale for the merger includes complementary businesses, expected scale benefits, and material cost synergies [5]. - The combined company aims to reduce unit costs and enhance competitiveness against both pure-play electric and legacy OEMs [5]. Financial Implications - The merger is projected to achieve at least $20 million in cost synergies by the end of 2026, through reductions in R&D, general and administrative expenses, and facility costs [5]. - A simplified capital structure and access to new financing are anticipated to support growth and margin expansion post-merger [5]. Market Position - Together, Workhorse and Motiv have served 10 of the largest medium-duty fleets in North America, enhancing customer confidence and market reach [5].
$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of REV Group, Inc. (NYSE: REVG)
Prnewswire· 2025-11-04 05:28
Core Viewpoint - Monteverde & Associates PC is investigating the merger between REV Group, Inc. and Terex Corporation, questioning the fairness of the deal for REV Group shareholders, who will receive 0.9809 shares of the combined company and $8.71 in cash for each share [1]. Group 1: Company Overview - Monteverde & Associates PC is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report and has successfully recovered millions for shareholders [1]. - The firm operates from the Empire State Building in New York City and specializes in class action securities litigation [2]. Group 2: Merger Details - Under the proposed merger terms, REV Group shareholders will receive 0.9809 shares of the new entity and $8.71 in cash for each share held [1]. - The investigation aims to determine if the compensation offered to shareholders is fair [1].
MidWestOne Financial Group, Inc. (NASDAQ: MOFG) Sees Notable Insider Purchase and Discusses M&A Strategies
Financial Modeling Prep· 2025-10-31 23:03
Core Insights - MidWestOne Financial Group, Inc. (MOFG) is actively engaging in strategic mergers and acquisitions, indicating a focus on growth within the financial sector [2][5] - CEO Charles N. Reeves has demonstrated confidence in the company by purchasing 1,450 shares, increasing his total holdings to 61,992 shares [1][5] - MOFG's stock has shown resilience with a 1.73% increase, reflecting investor interest amid market volatility [3][5] Company Overview - MOFG operates primarily in the Midwest region of the United States, providing a range of banking products and services [1] - The company has a market capitalization of approximately $768.4 million, positioning it as a significant player in the regional banking sector [4] Stock Performance - The current stock price of MOFG is $36.99, with a trading range for the day between $36.11 and $37.09 [3] - Over the past year, the stock has fluctuated between a high of $40.25 and a low of $24.62, indicating a dynamic market environment [3] Investor Activity - The trading volume for MOFG reached 380,961 shares on the NASDAQ exchange, suggesting active investor interest and close monitoring of the company's performance [4]
Columbia eschews more M&A amid activist investor heat
American Banker· 2025-10-31 18:49
Key insight: Columbia Banking System announced the latest move on its capital strategy just days after an activist investor published a related ultimatum.What's at stake: HoldCo Asset Management has staged public campaigns against four banks this year, as it pushes the companies to pursue strategies ranging from buybacks to being acquired.Supporting data: Columbia said it will repurchase up to $700 million of its own shares over the next 12 months. It had earlier said that it would probably steer away from ...
NLS Pharmaceutics Ltd. (NASDAQ:NLSP) Undergoes Significant Transformation with Reverse Stock Split and Merger
Financial Modeling Prep· 2025-10-31 08:02
Core Viewpoint - NLS Pharmaceutics Ltd. has undergone a significant transformation through a reverse stock split and a merger with Kadimastem Ltd., resulting in the formation of NewcelX Ltd. to enhance its focus on developing therapies for central nervous system disorders [1][2][5]. Group 1: Merger and Corporate Changes - The merger between NLS Pharmaceutics and Kadimastem was finalized on October 30, 2025, leading to the creation of NewcelX Ltd., which will trade on the Nasdaq Capital Market under the ticker symbol "NCEL" starting October 31, 2025 [2]. - The reverse stock split executed at a ratio of 10 for 1 is part of a broader strategy to strengthen the company's market position [1][3]. - The traded warrants of the company will be delisted following the merger [3]. Group 2: Financial Performance - Currently, NLSP's stock price is $0.762, reflecting an increase of 2.97% or $0.022, with a trading volume of 30.3 million shares on the NASDAQ exchange [4][5]. - The company's market capitalization stands at approximately $2.4 million, with the stock having traded between a low of $0.76 and a high of $0.83 on the day of reporting [4]. - Over the past year, the stock has reached a high of $47.4 and a low of $0.76 [4].
MDA SPACE PROVIDES MARKET UPDATE
Prnewswire· 2025-10-30 20:31
Core Insights - MDA Space Ltd. is currently monitoring share price fluctuations attributed to unconfirmed media reports regarding mergers and acquisitions within its customer base [1] - The company has a policy of not commenting on rumors or speculation and plans to provide a comprehensive business outlook during its next earnings release on November 14, 2025 [1] Company Overview - MDA Space is a leader in the global space industry, specializing in robotics, satellite systems, and geointelligence, with over 55 years of experience and more than 450 missions [2] - The company employs over 3,800 experts across Canada, the US, and the UK, focusing on communications satellites, Earth and space observation, and space exploration [2] - MDA Space aims to transform ambitious customer visions into achievable missions, leveraging a unique blend of experience and engineering excellence [2]
First Mid Bancshares, Inc. Announces Acquisition of Two Rivers Financial Group, Inc.
Globenewswire· 2025-10-30 12:00
Core Viewpoint - First Mid Bancshares, Inc. is set to merge with Two Rivers Financial Group, Inc. in a 100% stock transaction, enhancing First Mid's market presence in Iowa [1][3]. Company Overview - Two Rivers Financial Group, Inc. operates 14 branches in central and southeastern Iowa, with total assets of approximately $1.1 billion, $901 million in loans, and $988 million in deposits as of September 30, 2025 [2]. - First Mid Bancshares, Inc. is a community-focused organization with $7.8 billion in assets, providing a range of financial services across multiple states [11]. Transaction Details - Under the merger agreement, Two Rivers shareholders will receive 1.225 shares of First Mid common stock for each share of Two Rivers common stock, valuing the transaction at approximately $94.1 million based on First Mid's share price of $36.80 [3]. - The transaction is expected to be 12.3% accretive to First Mid's earnings per share by 2027, with tangible book value dilution expected to be recovered in 2.1 years [4]. Strategic Rationale - The merger is aimed at expanding First Mid's geographic footprint and enhancing its commitment to community banking [5][6]. - First Mid anticipates achieving cost savings of approximately 27% of Two Rivers' noninterest expenses, with potential revenue synergies not yet included in the estimates [4]. Leadership and Governance - The transaction has received unanimous approval from both companies' boards and is expected to close in the first quarter of 2026, pending regulatory and shareholder approvals [8]. - Shane Zimmerman, CEO of Two Rivers Bank & Trust, will join First Mid as an Executive Vice President and Divisional President post-merger [7]. Advisory and Legal Support - D.A. Davidson & Co. served as the exclusive financial advisor to Two Rivers, while Keefe, Bruyette & Woods, Inc. acted as the financial advisor for First Mid [9].
Prosperity Bancshares(PB) - 2025 Q3 - Earnings Call Presentation
2025-10-29 15:30
Financial Performance - Net income reached $137.6 million, with diluted earnings per share at $1.45 for the three months ended September 30, 2025, an 8.2% increase compared to Q3 2024[10] - Total assets amounted to $38.3 billion, with total loans at $22.0 billion and deposits at $27.8 billion as of September 30, 2025[10] - Deposits increased by $308.7 million during Q3 2025, representing a 4.5% annualized growth rate[10] - Noninterest-bearing deposits totaled $9.5 billion, accounting for 34.3% of total deposits[10] - Net interest margin increased by 29 basis points to 3.24%, compared to 2.95% in Q3 2024[10] Capital & Asset Quality - Common equity tier 1 ratio stood at 17.53% and the leverage ratio at 11.90% as of September 30, 2025[10] - Annualized net charge-offs relative to quarterly average loans were low at 0.12%[10] - Nonperforming assets to average earning assets remained low at 0.36%[10] - Allowance for credit losses on loans and off-balance sheet credit exposures totaled $377.3 million, with the allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, at 1.64%[10] Strategic Initiatives - The company announced a definitive merger agreement with Southwest Bancshares, Inc headquartered in San Antonio[10] - The company has a pending acquisition of American Bank Holding Corporation, headquartered in Corpus Christi, Texas[10] - The company increased its cash dividend by 3.5% to $0.60 per share for Q4 2025, marking the 22nd consecutive annual increase with a compound annual growth rate of 10.7%[10]
Qorvo (NasdaqGS:QRVO) M&A Announcement Transcript
2025-10-28 13:00
Qorvo (NasdaqGS:QRVO) M&A Announcement October 28, 2025 08:00 AM ET Speaker0Good day and welcome to the Skyworks Investor Update Conference Call. At this time, all participants are in a listen only mode. After the speakers' presentation, there will be a question and answer session. Instructions will be given at that time. As a reminder, this call may be recorded.I will now turn the call over to Roger Gill, Vice President of Investor Relations and Corporate Strategy. Please go ahead.Speaker1Thank you, operat ...
Skyworks Solutions (NasdaqGS:SWKS) Earnings Call Presentation
2025-10-28 12:00
U.S.-Based Leader in High-Performance RF, Analog and Mixed-Signal Solutions Two Proven Teams | One Stronger Future Today's Presenters Phil Brace Chief Executive Officer and President, Skyworks $22B Combined Ent. Value1 $7.7B Revenue $2.6B Broad Markets Revenue2 $2.1B Adj. EBITDA (excl. Synergies)5 $1.5B R&D3 $500M or more Annual Cost Synergies4 Immediately & meaningfully Bob Bruggeworth Chief Executive Officer and President, Qorvo Two Proven Teams | One Stronger Future 2 United in Purpose Built for What's N ...