Unit Corporation (UNTC)
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WaFd & Its Unit Receive Ratings From KBRA With Stable Outlook
Kroll Bond Rating initiates ratings for WaFd with a stable outlook. This reflects a well-managed portfolio with low risk and better performance than its peers.
BP Taps Houston Firms for Gulf of Mexico Production Unit Design
BP has chosen Audubon and Exmar Offshore to design the topside and hull for its new Gulf of Mexico floating production unit, set to start in 2029.
Baxter To Sell Its Kidney Care Unit To Carlyle For $3.8 Billion
On August 13, 2024, Baxter International Inc. (NYSE: BAX, $36.12, Market Capitalization: $18.4 billion), a global medtech leader, and funds managed by global investment firm Carlyle (NASDAQ: CG) announced that they have signed a definitive agreement under which Carlyle will acquire Baxter's Kidney Care segment, to be named Vantive, for $3.8 billion (For details refer to spinoffresearch.com). Under the terms of the definitive agreement, subject to certain closing adjustments, Baxter will receive approximately $3.5 billion in cash, with net after-tax proceeds currently estimated to be approximately $3 billion.
Apex Critical Metals Corp. Completes Final Tranche of Private Placement for Proceeds of $1,000,000
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESSWIRE / August 19, 2024 / Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF) ("Apex" or the "Company"), is pleased to announce that it has completed the final tranche of a non-brokered private placement (see news releases dated June 12, 2024 and July 5, 2024), issuing a total of 2,500,000 units (each, a "Unit") at a price of $0.40 per Unit, raising aggregate proceeds of $1,000,000 (the "Offering"). Each Unit consisted of one common share of the Company (each, a "Share") and one common share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder to purchase one Share at a price of $0.60 per Share for a period of one (1) year from closing of the Offering (the "Closing").
GM Cutting Jobs at Its Software and Services Unit
General Motors (GM), the biggest U.S. automaker, reportedly will be laying off more than 1,000 salaried employees globally at its Software and Services business.
GM Streamlines Software and Services Unit, Lays Off 1,000
General Motors laid off over 1,000 salaried employees in Software and Services, its division focused on infotainment, OnStar, subscriptions and other emerging features. The employees impacted by the layoffs were notified Monday (Aug. 19), CNBC reported, citing unnamed sources.
Nextech3D.ai Announces Proposed Non-Brokered Private Placement (the "Offering") of Up to 20,000,000 Units ("Units") at a Price of C$0.14 per Unit, to Raise Aggregate Gross Proceeds of Up to C$2,800,000
TORONTO, ON / ACCESSWIRE / August 16, 2024 / Nextech3D.AI (the "Company") (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2) is pleased to announce that it proposes to complete a non-brokered private placement (the "Offering") pursuant to which it will issue up to 20,000,000 units ("Units") at a price of C$0.14 per Unit, to raise aggregate gross proceeds of up to C$2,800,000. Each Unit will be comprised of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"); with each whole Warrant exercisable to acquire one additional Share at a price of $0.2475 for a period of 24 months from the date of issuance thereof, provided that if the daily volume weighted average trading price of the Shares on the Canadian Securities Exchange exceeds $0.50 for ten consecutive trading days, the Company may accelerate the expiry date of the Warrants to the date which is 30 days following the date upon which the Company provides notice of such acceleration to the holders of the Warrants.
Citi Digital Assets Exec Shobhit Maini Reportedly Leaving Bank's Market Unit
The head of digital assets for Citi's markets unit is reportedly stepping down. Shobhit Maini, who has held that job since 2021, is leaving the banking giant after more than 14 years, Reuters reported Tuesday (Aug. 13), citing an internal memo.
Citi Executive Suddenly Exits Amid Jane Fraser's Wealth Unit Turnaround
Don Plaus was named head of North America for Citi's private bank earlier this year.
Amazon Sales Rise as Cloud Unit Shows Strength
Amazon.com's AMZN -1.56%decrease; red down pointing triangle sales rose last quarter, benefitting from its cloud computing unit, which showed steady growth and propelled the company to strong earnings.
Amazon Sales Rise as Cloud Unit Shows Strength
Amazon.com's AMZN -1.56%decrease; red down pointing triangle sales rose last quarter, benefitting from its cloud computing unit, which showed steady growth and propelled the company to strong earnings.
PPX Mining Announces Extension to Private Placement
TORONTO, ON / ACCESSWIRE / July 31, 2024 / PPX Mining Corp. (the "Company" or "PPX") announces that it is extending its non-brokered private placement of up to 62,500,000 units of the Company (each, a "Unit") at a price of Cdn$0.062 per Unit for gross proceeds of up to Cdn$3,875,000 (the "Offering"), as previously announced in the Company's press release on June 17, 2024, until September 16, 2024. The Company anticipates that the Offering will consist of multiple investors, instead of a single investor as previously announced.
