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Best's Review Explores Latest Insurance Industry Innovations

Lastest from Businesswire - Fri, 02/07/2025 - 09:40
OLDWICK, N.J.--(BUSINESS WIRE)--The February issue of Best’s Review examines progress and initiatives in an industry that’s often viewed as resistant to change: “Insurers Discover Value in Innovation Culture” provides insight from several industry leaders on how innovation is now seen as necessary to a company’s survival. “Innovation Hubs Attract Interest, Support From Insurance Companies” looks at several initiatives to foster insurtech startups, spur new product development and enhance data a

KBRA Releases Research – Private Credit: The ABCs of Revolving Credit Facilities

Lastest from Businesswire - Fri, 02/07/2025 - 09:40
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases a report exploring the mechanics, benefits, and challenges of revolving credit facilities (RCF) within the structured credit market. Low-levered RCFs, often executed privately, have become a common tool in the rated structured credit universe. RCFs are a flexible source of financing that allows issuers and lenders to manage credit risk while optimizing financing availability through its dynamic structure, which often incorporates a “borrowing base” overc

SolarWinds to Be Acquired by Turn/River Capital

Lastest from Businesswire - Fri, 02/07/2025 - 09:40
AUSTIN, Texas--(BUSINESS WIRE)--SolarWinds Corporation (NYSE:SWI) (“SolarWinds” or the “Company”), a leading provider of simple, powerful, secure observability and IT management software, today announced that it has entered into a definitive agreement to be acquired by Turn/River Capital in an all-cash transaction for $18.50 per share or approximately $4.4 billion. The per-share price represents a premium of approximately 35% to the volume-weighted average closing price of SolarWinds stock for

Freedom Holding Corp. Reports Third Quarter Fiscal Year 2025 Financial Results

Lastest from Businesswire - Fri, 02/07/2025 - 09:40
NEW YORK--(BUSINESS WIRE)--Freedom Holding Corp. (the “Company”) (NASDAQ: FRHC), a multinational diversified financial services holding company with a presence through its subsidiaries in 22 countries, today announced the financial results for their third quarter and first nine months of fiscal 2025. Highlights include the following: $655 million in revenue for the quarter Net income of $1.29 earnings per share, diluted, and $1.32 earnings per share, basic Total expenses of $557 million $9.1 bi

Market News Alert: DarioHealth Secures Significant New Agreement, Expanding Growth in the $1.2 Trillion Dollar Cardiometabolic Market

Lastest from Businesswire - Fri, 02/07/2025 - 09:40
NEW YORK--(BUSINESS WIRE)---- $DRIO #AI--Market News Alerts Updates: DarioHealth Corp. (Nasdaq: DRIO)* has announced a significant new agreement with a Blue Cross Blue Shield (BCBS) health plan, marking a pivotal expansion in the fast-growing digital health landscape. This move integrates Dario's AI-driven cardiometabolic digital health solutions, covering diabetes, hypertension, and weight management, into the offerings of one of America’s most trusted health insurers. According to a recent report, the card

Marcus & Millichap Declares Regular Semi-Annual Dividend of $0.25 Per Share

Lastest from Businesswire - Fri, 02/07/2025 - 09:40
CALABASAS, Calif.--(BUSINESS WIRE)--Marcus & Millichap Inc. (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today that its Board of Directors has declared a regular semi-annual dividend of $0.25 per share, or approximately $9.8 million. The dividend will be payable on April 4, 2025 to shareholders of record as of the close of business on March 12, 2025. Any and all future dividends are subjec

FedEx Announces Extension of Expiration Date and Amendment of Exchange Offers and Consent Solicitations for Senior Notes

Lastest from Businesswire - Fri, 02/07/2025 - 09:40
MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) (“FedEx”) announced today the extension of the expiration date of the offers to exchange (each an “Exchange Offer” and, collectively, the “Exchange Offers”) any and all of its outstanding senior notes of the series listed in the tables below (collectively, the “Existing Notes”) for new notes (the “New Notes”) and the related consent solicitations (each, a “Consent Solicitation” and, collectively, the “Consent Solicitations”) to adopt cert

FIS Continues Awards Momentum With New Chartis Research Accolades for Lending and Credit Risk Solutions

Lastest from Businesswire - Fri, 02/07/2025 - 09:40
JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE: FIS), a global leader in financial technology, today announced a host of new recognitions from Chartis Research for its portfolio of lending and credit risk solutions. FIS won the Lending Operations – LOS (Loan Origination Systems) category in the 2025 Chartis RiskTech100 ranking report for the second year in a row, was positioned among industry leaders in two new Chartis report RiskTech Quadrants and was named a “Category Leader” five times in C

Empower Achieves Record Base Earnings of $973M in 2024, up 30% From Prior Year

Lastest from Businesswire - Fri, 02/07/2025 - 09:40
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--Empower today announced it broke into record earnings territory by achieving $973 million in base earnings,1,2 up 30% from 2023, through business growth and sales momentum in both its workplace and wealth management businesses in 2024. Base return-on-equity1,3 has increased from approximately 12% to 16% in the past 12 months. Net earnings growth was 42% for 2024. Empower, a leading provider of retirement and wealth management services, released results

Pipedrive Donates $236,000 to Provide Light and Warmth to Ukrainian Schools

Lastest from Businesswire - Fri, 02/07/2025 - 09:40
NEW YORK--(BUSINESS WIRE)--Pipedrive, the easy and effective sales CRM for small businesses, continues its partnership with UNITED24, the fundraising platform founded by Ukraine’s president Volodymyr Zelenskyy, by donating $236,000 to the Bring Light Back fundraiser. This initiative aims to provide essential power solutions to schools affected by the ongoing war in Ukraine, delivering 112 power generators to ensure that around 30,000 children can study in warm and lit classrooms during blackout

Media Advisory: FHLB Dallas and Bonvenu Bank Award $25K Grant to The Fuller Center for Housing of Northwest Louisiana

Lastest from Businesswire - Fri, 02/07/2025 - 06:40
DALLAS--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Bonvenu Bank will award $25,000 in Heirs’ Property Program grants to Fuller Center for Housing of Northwest Louisiana (the Fuller Center) during a ceremonial check presentation Monday, February 10. The funds will expand Fuller Center’s ability to assist low- to moderate-income homeowners with wills, succession and education. The media is encouraged to attend the check presentation, which will in

Banc of California, Inc. Announces Quarterly Dividends

Lastest from Businesswire - Fri, 02/07/2025 - 06:40
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (the “Company”) (NYSE: BANC) announced today that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its outstanding common stock. The dividend will be payable April 1, 2025, to stockholders of record as of March 14, 2025. The Board of Directors also declared a quarterly cash dividend of $0.4845 per depositary share on its 7.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series F. The dividend will be

Bain Capital to Acquire Mitsubishi Tanabe Pharma Corporation

Lastest from Businesswire - Fri, 02/07/2025 - 06:40
TOKYO & BOSTON--(BUSINESS WIRE)--Bain Capital, a leading global private investment firm, today announced it has signed a definitive agreement to acquire Mitsubishi Tanabe Pharma Corporation (“Tanabe Pharma”, “MTPC” or “the Company”) in a carve-out transaction from Mitsubishi Chemical Group Corporation. The investment is being led by Bain Capital’s Private Equity teams in Asia and North America together with the firm’s Life Sciences team and values the business at approximately 510 billion JPY (

Salience Labs Closed Series A Round Led by Applied Ventures and ICM HPQC Fund

Lastest from Businesswire - Fri, 02/07/2025 - 03:40
OXFORD, England--(BUSINESS WIRE)-- #AI--Salience Labs Limited, a leader in photonic solutions targeting connectivity for AI datacenter infrastructure, today announced the successful close of $30 million in Series A financing led by ICM HPQC Fund and Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., to further the development of its optical switches for large scale AI connectivity. Applied Ventures and ICM HPQC Fund are joined by Strategic Investment Fund, Braavos, and continu

Shareholder Alert: Ademi & Fruchter LLP investigates whether Altus Power, Inc. is obtaining a Fair Price for its Public Shareholders

Lastest from Businesswire - Fri, 02/07/2025 - 00:40
MILWAUKEE--(BUSINESS WIRE)--Ademi & Fruchter LLP is investigating Altus Power (NYSE: AMPS) for possible breaches of fiduciary duty and other violations of law in its transaction with TPG Rise Climate. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Altus Power stockholders will receive only $5.00 per share of its Class A common stock

ALMS Stock Alert: Halper Sadeh LLC is Investigating Whether the Merger of Alumis Inc. is Fair to Shareholders

Lastest from Businesswire - Fri, 02/07/2025 - 00:40
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Alumis Inc. (NASDAQ: ALMS) and ACELYRIN, INC. is fair to Alumis shareholders. Upon closing of the proposed transaction, Alumis shareholders will own approximately 55% of the combined company. Halper Sadeh encourages Alumis shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com

SLRN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of ACELYRIN, Inc. Is Fair to Shareholders

Lastest from Businesswire - Fri, 02/07/2025 - 00:40
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of ACELYRIN, INC. (NASDAQ: SLRN) to Alumis Inc. for 0.4274 shares of Alumis common stock for each share of ACELYRIN common stock is fair to ACELYRIN shareholders. Halper Sadeh encourages ACELYRIN shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The

Titan America Announces Pricing of Initial Public Offering

Lastest from Businesswire - Thu, 02/06/2025 - 21:40
NORFOLK, Va.--(BUSINESS WIRE)--Titan America SA (“Titan America”), a subsidiary of Titan Cement International SA and parent company of its U.S. operations, today priced its initial public offering (“IPO”) of 24,000,000 common shares at a price to the public of $16.00 per share. The IPO consists of 9,000,000 new common shares to be issued and sold by Titan America and 15,000,000 existing common shares to be sold by Titan Cement International SA. Titan Cement International SA has granted the unde

Cencora Announces Common Share Repurchase From Walgreens Boots Alliance

Lastest from Businesswire - Thu, 02/06/2025 - 21:40
CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Cencora, Inc. (NYSE: COR) today announced that it has agreed to repurchase shares of its common stock from Walgreens Boots Alliance Holdings LLC in the amount of approximately $50 million in concurrence with Walgreens Boots Alliance’s sale of Cencora shares pursuant to Rule 144 under the Securities Act of 1933, as amended. Cencora intends to repurchase shares from Walgreens Boots Alliance at the price per share equal to the price in the Rule 144 sale. The con

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