Exclusive: Rayonier and PotlatchDeltic plan to combine in an all-stock deal that would create a more than $7 billion forestry giant, according to people familiar with the matter https://t.co/Ex4O6PMuxw ...

Core Viewpoint - FLINT Corp. has successfully completed a recapitalization transaction aimed at optimizing its capital structure and significantly reducing its debt profile and annual interest costs [3][4]. Group 1: Recapitalization Details - The recapitalization involved a consolidation of common shares at a ratio of one post-consolidation share for every 40 pre-consolidation shares [2]. - Senior secured notes totaling approximately $135.3 million were exchanged for about 99 million newly issued common shares, while preferred shares were exchanged for approximately 8.25 million newly issued common shares [2]. - The recapitalization was approved by holders of common shares, preferred shares, and senior secured notes during meetings held on September 23, 2025, followed by final approval from the Alberta Court of King's Bench [3]. Group 2: Shareholder and Control Changes - Canso Investment Counsel Ltd., the largest shareholder and primary lender, controlled approximately 97% of the senior secured notes and 99% of the outstanding preferred shares prior to the recapitalization [4]. - Post-recapitalization, Canso is expected to control approximately 107.7 million common shares, representing about 97.8% of the outstanding common shares [4]. Group 3: Financial Facilities and Future Outlook - Concurrent with the recapitalization, FLINT extended the maturity dates of its Asset-Based Revolving Credit Facility to April 14, 2030, and its Term Loan Facility to October 14, 2030 [5]. - The CEO of FLINT stated that the successful completion of the recapitalization positions the company to pursue strategic growth opportunities and deliver long-term value to shareholders [6].

Tornator Oyj Stock Exchange Release, 19 September 2025 at 4 PM Tornator secures €450 million bank loan financing arrangement to refinance debt maturing in 2026 and to strengthen investment capacity Forestry company Tornator Oyj has signed two new green secured bank loan agreements. The €200 million term loan, to be withdrawn in September 2025 with a five-year maturity, will be used for the early prepayment of a €50 million bank loan maturing in June 2026, paying back commercial papers used to finance forest ...

Core Viewpoint - FLINT Corp. has received favorable recommendations from leading independent proxy advisors ISS and Glass Lewis for a proposed recapitalization transaction aimed at reducing debt, lowering annual interest costs, simplifying capital structure, and improving liquidity [1][4][7] Group 1: Recapitalization Transaction - The Recapitalization Transaction is designed to protect shareholder value, strengthen FLINT's financial position, and position the company for future growth [2][7] - The special meeting for common shareholders to vote on the Recapitalization Transaction is scheduled for September 23, 2025, with a voting cutoff on September 19, 2025 [3][5][7] Group 2: Proxy Advisors' Recommendations - ISS and Glass Lewis provided independent recommendations after reviewing the strategic rationale, credible process, and valuation of the Recapitalization Transaction [4][7] - ISS highlighted that the elevated non-approval risk warranted a favorable recommendation, while Glass Lewis supported the transaction based on the factors presented by FLINT [7]

Core Viewpoint - FLINT Corp. has received favorable recommendations from leading independent proxy advisors ISS and Glass Lewis for its proposed recapitalization transaction, which aims to reduce debt, lower annual interest costs, simplify capital structure, and enhance liquidity [1][4][7] Group 1: Recapitalization Transaction - The Recapitalization Transaction is designed to protect shareholder value, strengthen FLINT's financial position, and position the company for future growth [2] - The special meeting for common shareholders to vote on the Recapitalization Transaction is scheduled for September 23, 2025, with a voting cutoff on September 19, 2025 [3][5][7] Group 2: Proxy Advisors' Recommendations - ISS and Glass Lewis have independently reviewed the Recapitalization Transaction and determined that its strategic rationale and potential benefits warrant a favorable recommendation [4][7] - ISS highlighted the credible process and valuation, as well as the elevated non-approval risk, as reasons for their support [7] Group 3: Company Background - FLINT Corp. has over 100 years of experience providing solutions in the Energy and Industrial markets, including sectors such as Oil & Gas, Petrochemical, Mining, and Water Treatment [5]

Core Insights - A total of 1526 A-share listed companies disclosed their 2025 semi-annual reports, with 921 companies achieving year-on-year net profit growth, representing approximately 60.35% [1] - The electronic, transportation, agriculture, automotive, machinery, non-ferrous metals, home appliances, and social services sectors showed strong performance [1] Group 1: Company Performance - Among the 1526 companies, 761 reported net profit growth exceeding 10%, 501 exceeded 30%, 359 exceeded 50%, 210 exceeded 100%, and 66 exceeded 300% [1] - Notable companies with significant net profit growth include Shumatech, XianDa Co., Zhimingda, Rongzhi Rixin, Shijia Photon, and Suotong Development [1] - 567 companies reported net profits over 100 million yuan, 180 over 500 million yuan, 88 over 1 billion yuan, 19 over 5 billion yuan, and 8 over 10 billion yuan [2] - China Mobile, Kweichow Moutai, CATL, China Telecom, Sinopec, Industrial Fulian, Muyuan Foods, Huaneng International, and Luoyang Molybdenum were among the top net profit earners [2] Group 2: Industry Performance - The electronic, transportation, agriculture, automotive, machinery, non-ferrous metals, home appliances, and social services sectors showed strong revenue performance [3] - In the electronic sector, companies in consumer electronics and semiconductors performed exceptionally well [3] - In agriculture, companies in breeding and animal health sectors showed significant performance improvements [3] - Muyuan Foods achieved revenue of 764.63 billion yuan, a year-on-year increase of 34.46%, and net profit of 107.9 billion yuan, a year-on-year increase of 952.92% [3] Group 3: Dividend Announcements - A total of 265 A-share listed companies announced their 2025 mid-term dividend plans [4] - 188 companies plan to distribute cash dividends exceeding 1 yuan per 10 shares, 77 companies exceeding 3 yuan, 38 companies exceeding 5 yuan, and 15 companies exceeding 10 yuan [4] - Notable companies with high cash dividends include JiBit, Ninebot, Shuoshi Bio, China Mobile, Dongpeng Beverage, Siwei Liekong, Dong'a Ejiao, and Aimeike [4] - Among the 265 companies, 111 plan to distribute over 100 million yuan, 77 over 200 million yuan, and 37 over 500 million yuan in dividends [4] Group 4: Specific Company Announcements - China CNR announced revenue of 1197.58 billion yuan, a year-on-year increase of 32.99%, and net profit of 72.46 billion yuan, a year-on-year increase of 72.48% [5] - The company plans to distribute cash dividends of 31.57 billion yuan [5]

Core Viewpoint - Tornator reported a significant growth in revenue and profit for the first half of 2025, with a focus on sustainable growth and strategic partnerships, particularly in the timber market [1][6][9]. Financial Performance - Net sales increased by 23% to €104.5 million compared to €85.1 million in H1 2024 [2][5]. - Operating profit (IFRS) rose by 39% to €84.4 million from €60.8 million [2][5]. - Profit for the period (IFRS) increased by 44% to €57.7 million from €40.1 million [2][5]. - Return on equity improved to 5.1% from 3.7%, while return on capital employed rose to 5.5% from 4.2% [2][5]. Operational Highlights - The volume of wood deliveries remained stable, but strong demand led to increased unit prices [6]. - Tornator acquired nearly 12,000 hectares of new forest, with investments totaling approximately €60 million [6][9]. - Timber deliveries reached approximately 1.6 million cubic meters, generating €95.5 million in revenue [18]. Strategic Vision - Tornator aims to grow its forest assets to one million hectares by 2035, representing a 25% increase, with projected annual revenue exceeding €400 million [6][15]. - The updated growth strategy focuses on quality, added value, and sustainability, emphasizing human well-being and responsible partnerships [8][15]. Market Environment - The demand for renewable and sustainably produced wood remains positive, with timber market prices in Finland continuing to rise due to high demand [9][21]. - The forest industry is experiencing moderate improvement, with competition for raw wood expected to remain tight [20][26]. Sustainability Initiatives - Tornator is committed to biodiversity and climate programs, including the restoration of peatlands and partnerships with organizations like WWF Finland [11][13]. - The company emphasizes responsible treatment of the workforce throughout its contractor chain, ensuring good working conditions [12]. Financial Position - The financial position remains strong, with cash flow from operations before financial items and taxes at €42.0 million, up from €34.8 million [23]. - Interest-bearing debt totaled €1,043.6 million, with a significant portion being long-term [23][24]. Future Outlook - Tornator expects strong and stable cash flow and debt servicing capacity for the remainder of the year, with continued positive demand for wood [25][26]. - The company plans to advance wind and solar power projects where feasible, despite current market uncertainties [10][26].

Core Insights - Deere (NYSE: DE) is expected to release earnings on August 14, 2025, with analysts predicting earnings of $4.59 per share and revenues of $10.33 billion, a decline from the previous year's earnings of $6.29 per share and revenues of $11.39 billion [4] - Over the past five years, Deere's stock has increased by 100%, outperforming the S&P 500, which gained around 70% during the same period, indicating a better fit for long-term investors rather than short-term traders [3] - The company's current market capitalization stands at $138 billion, with $44 billion in revenue over the past twelve months, yielding an operating profit of $9.4 billion and a net income of $5.7 billion [5] Trading Strategies - For event-driven traders, two main strategies are suggested: assessing historical probabilities to take positions before earnings and analyzing immediate and medium-term returns post-earnings to adjust positions accordingly [7] - Historical data shows that in the past five years, Deere's stock had a balanced distribution in one-day performance post-earnings, with 50% of cases resulting in negative returns (median -3.1%) and 50% in positive returns (median +5.2%) [10] Correlation and Performance - There is a correlation between short-term (1D) and medium-term (5D, 21D) returns following earnings, which can be leveraged for trading strategies [8] - The performance of peers can influence Deere's stock reaction post-earnings, with historical comparisons showing how peer earnings impact stock performance [9]

Core Viewpoint - FLINT Corp. is initiating a recapitalization transaction aimed at significantly reducing debt and annual interest costs, simplifying its capital structure, and improving liquidity, ultimately positioning the company for future growth opportunities [1][5][10] Recapitalization Details - The recapitalization will be executed through a plan of arrangement under the Business Corporations Act (Alberta), involving the exchange of $135,335,053 in senior secured debentures for new common shares, which will represent approximately 90% of the total shares post-recapitalization [3][6] - Existing preferred shares will be extinguished, and holders will receive new common shares representing about 7.5% of the total shares post-recapitalization [3][6] - A share consolidation will occur at a ratio of one post-consolidation common share for every 40 pre-consolidation shares, resulting in existing common shareholders retaining approximately 2.5% of the total shares post-recapitalization [3][6] - Total debt will be reduced by approximately C$135,335,053, and annual cash interest expense will decrease by about C$10,826,804 [3][6] Stakeholder Support - Canso Investment Counsel Ltd., the largest shareholder and primary lender, has entered into a support agreement to vote in favor of the recapitalization [4][10] - Directors holding common and preferred shares have also agreed to vote in favor, representing approximately 6.9% of the issued common shares [4][12] Financial Advisory and Fairness Opinion - ATB Capital Markets has been engaged as a financial advisor, determining that the recapitalization is the most viable option for reducing debt and enabling growth [8] - Origin Merchant Partners has provided a fairness opinion to the Independent Committee, stating that the recapitalization is fair from a financial perspective for common and preferred shareholders [9][10] Required Approvals - The recapitalization requires approval from securityholders at separate meetings, with at least two-thirds of votes needed from each class of securityholders [13][15] - Regulatory approvals, including from the TSX and the Court of King's Bench of Alberta, are also necessary for the implementation of the recapitalization [15][14]

“Forest investors are typically not looking for high risk and high return,” Angela Davis, president of Campbell Global in Portland, says. What are they looking for? Four other things: https://t.co/kcRVuFfXgs https://t.co/kcRVuFfXgs ...