text:
EX-99.1
2
dp143166_ex9901.htm
EXHIBIT 99.1
Exhibit
99.1
VF CORPORATION
COMPLETES ACQUISITION OF SUPREME®
DENVER, Colo., December
28, 2020 -
VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories,
today announced that it has completed its previously announced acquisition of
Supreme
®
, a privately-owned
global streetwear brand, for an aggregate base purchase price of $2.1 billion subject to customary adjustments for cash, indebtedness,
working capital and transaction expenses. As a result of the transaction,
Supreme
®
has become a wholly owned
subsidiary of VF Corporation.
The acquisition of the
Supreme
®
brand accelerates
VF's consumer-minded, retail-centric, hyper-digital business model transformation and builds on a long-standing relationship
between
Supreme
®
and VF, with the
Supreme
®
brand being a regular collaborator with
VF's
Vans
®
,
The North Face
®
and
Timberland
®
brands.
Supreme
®
is expected to be modestly accretive
to VF's revenue and adjusted earnings per share in fiscal 2021. The
Supreme
®
brand is expected to contribute
at least $500 million of revenue and $0.20 of adjusted EPS in fiscal 2022.
Forward-looking Statements
Certain statements included in this release are "forward-looking
statements" within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations
and beliefs concerning future events impacting VF and therefore involve several risks and uncertainties. You can identify these
statements by the fact that they use words such as "will", "anticipate", "estimate", "expect,"
"should", and "may" and other words and terms of similar meaning or use of future dates, however, the absence
of these words or similar expressions does not mean that a statement is not forward-looking. All statements regarding VF's
plans, objectives, projections and expectations relating to VF's operations or financial performance, and assumptions related
thereto are forward-looking statements. We caution that forward-looking statements are not guarantees and that actual results could
differ materially from those expressed or implied in the forward-looking statements. VF undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required
by law. Potential risks and uncertainties that could cause the actual results of operations or financial condition of VF to differ
materially from those expressed or implied by forward-looking statements include, but are not limited to: risks arising from the
widespread outbreak of an illness or any other communicable disease, or any other public health crisis, including the coronavirus
(COVID-19) global pandemic; the level of
consumer demand for apparel, footwear and accessories; disruption
to VF's distribution system; the financial strength of VF's customers; fluctuations in the price, availability and
quality of raw materials and contracted products; disruption and volatility in the global capital and credit markets; VF's
response to changing fashion trends, evolving consumer preferences and changing patterns of consumer behavior; intense competition
from online retailers; manufacturing and product innovation; increasing pressure on margins; VF's ability to implement its
business strategy; VF's ability to grow its international and direct-to-consumer businesses; retail industry changes and
challenges; VF's and its vendors' ability to maintain the strength and security of information technology systems;
the risk that VF's facilities and systems and those of our third-party service providers may be vulnerable to and unable
to anticipate or detect data security breaches and data or financial loss; VF's ability to properly collect, use, manage
and secure consumer and employee data; foreign currency fluctuations; stability of VF's manufacturing facilities and foreign
suppliers; continued use by VF's suppliers of ethical business practices; VF's ability to accurately forecast demand
for products; continuity of members of VF's management; VF's ability to protect trademarks and other intellectual property
rights; possible goodwill and other asset impairment; maintenance by VF's licensees and distributors of the value of VF's
brands; VF's ability to execute and integrate acquisitions; changes in tax laws and liabilities; legal, regulatory, political
and economic risks; the risk of economic uncertainty associated with the exit of the United Kingdom from the European Union ("Brexit")
or any other similar referendums that may be held; adverse or unexpected weather conditions; VF's indebtedness and its ability
to obtain financing on favorable terms, if needed, could prevent VF from fulfilling its financial obligations; climate change and
increased focus on sustainability issues; and risks associated with the spin-off of our Jeanswear business completed on May 22,
2019, including the risk that VF will not realize all of the expected benefits of the spin-off; the risk that the spin-off will
not be tax-free for U.S. federal income tax purposes; and the risk that there will be a loss of synergies from separating the businesses
that could negatively impact the balance sheet, profit margins or earnings of VF. More information on potential factors that could
affect VF's financial results is included from time to time in VF's public reports filed with the SEC, including VF's
Annual Report on Form 10-K, and Quarterly Reports on Form 10-Q, and Forms 8-K filed or furnished with the SEC.
About VF
Founded in 1899, VF Corporation
is one of the world's largest apparel, footwear and accessories companies connecting people to the lifestyles, activities
and experiences they cherish most through a family of iconic outdoor, active and workwear brands including
Vans
®
, The
North Face
®
, Timberland
®
and Dickies
®
.
Our purpose is to power
movements of sustainable and active lifestyles for the betterment of people and our planet. We connect this purpose with a relentless
drive to succeed to create value for all stakeholders and use our company as a force for good. For more information, please visit
vfc.com
.
VF Corporation Contacts
Joe Alkire
Craig Hodges
Vice President, Corporate Development,
Vice President,
Investor Relations and Treasury
Corporate Affairs
Joe_Alkire@vfc.com
Craig_Hodges@vfc.com

text: VF CORPORATION

text: SUPREME

text: VF Corporation

text:
Supreme
®

text:
Supreme
®

text: VF Corporation

text: Supreme

text:
Supreme
®

text:
Supreme
®

text:
Supreme
®

text:
Supreme
®

text: VF Corporation

text: VF Corporation

text: Craig Hodges


dataset: buster

text:
EX-99.1
2
pressrelease.htm
pressrelease.htm
News Release
Audiovox Completes its Acquisition of Audio Leader Klipsch
HAUPPAUGE, N.Y., March 2, 2011 /PRNewswire via COMTEX/ --
Audiovox Corporation (Nasdaq: VOXX) announced today that it has completed the acquisition of the global leader in high performance audio solutions, Klipsch Group, Inc. and its worldwide subsidiaries ("Klipsch") for a total purchase price of $166 million, plus related transaction fees and expenses.
The acquisition of Klipsch is expected to be immediately accretive to cash flow and earnings per diluted share ("EPS"). Audiovox anticipates this acquisition will generate approximately $170 million in net sales and $25 million in EBITDA in Fiscal 2012 (March 1, 2011 - February 28, 2012). The Company also anticipates that revenue for the combined companies in Fiscal 2012 (March 1, 2011 - February 28, 2012) will be approximately $730 million, with potential upside for growth based on market conditions and continued execution of strategic growth initiatives.
Patrick Lavelle, President and CEO of Audiovox Corporation stated, "We are very excited to close this acquisition because it not only adds world-class brands with strong distribution, both domestically and abroad, but it also gives us entre into the high-end installation market at both the residential and commercial level. In addition to #1 market positions in the U.S., Klipsch brands are recognized throughout EMEA, the Americas, and the Asia-Pacific region, and we plan to continue expansion into other key international markets." Lavelle continued, "Klipsch R&D capabilities and its quality reputation are second to none, and we intend for that to continue as we welcome the Klipsch team to Audiovox".
Fred Klipsch, Klipsch Group Chairman and CEO, stated, "I too am excited about this acquisition and have no doubt that together we will successfully execute on our growth plans, expand our market positions in both our core areas and new markets, while never losing sight of the brand, the quality and our customers. Klipsch will always be dedicated to providing consumers with the best speaker solutions the industry has to offer, while supporting our worldwide customers at the very highest level. Our team is excited to become part of Audiovox and looks forward to the opportunities ahead".
For over 65 years, Klipsch has led the market through innovation, and today, Klipsch is recognized as the #1 speaker company with leading market positions across all of its primary categories. As a result of this transaction, Klipsch has become a wholly owned subsidiary of Audiovox Corporation and will operate as a stand-alone entity, headquartered in Indianapolis and run by its current management team.
This transaction was financed through a combination of existing Audiovox cash and a new $175 million asset-based revolving credit facility led by Wells Fargo Capital Finance. The combined assets of Audiovox and Klipsch will secure the borrowings under the facility, which will also be used for general corporate purposes.
Wells Fargo Securities, LLC acted as exclusive financial advisor to the Company and Wells Fargo Capital Finance provided the committed debt financing. Houlihan Lokey Howard & Zukin acted as financial advisor to Klipsch and Vantage Point Venture Partners. Barnes & Thornburg LLP served as legal counsel for Klipsch. Duane Morris LLP assisted as legal counsel for Audiovox Corp.
1
CONFERENCE CALL AND WEBCAST INFORMATION:
The Company will be hosting its conference call on Tuesday, March 8, 2011 at 10:00 a.m. Eastern. Interested parties can participate by visiting www.audiovox.com, and clicking on the webcast in the Investor Relations section or via teleconference (toll-free number: 866-783-2137; international number: 857-350-1596; pass code: 20569057). For those who will be unable to participate, a replay will be available approximately one hour after the call has been completed and will last for one week thereafter (replay number: 888-286-8010; international replay number: 617-801-6888; pass code: 20721385).
Wells Fargo Securities, LLC acted as exclusive financial advisor to the Company and Wells Fargo Capital Finance, LLC provided the committed debt financing. Houlihan Lokey Howard & Zukin acted as financial advisors to the Klipsch Group and Vantage Point Venture Partners. Barnes & Thornburg LLP served as legal counsel for Klipsch Group. Duane Morris LLP and Levy, Stopol and Camelo assisted as legal counsel for Audiovox Corp.
About Audiovox
Audiovox (NASDAQ: VOXX) is a recognized leader in the marketing of mobile and consumer electronics products and accessories. The Company has a substantial International operation selling products through offices in Europe, Asia, Venezuela and Mexico. In addition, the Company is a supplier of Original Equipment (OE) both domestically and internationally to a significant number of the major vehicle manufacturers in the world.
Among the lines marketed by Audiovox are its mobile entertainment products including rear seat entertainment systems, mobile multimedia systems and satellite radio. Vehicle security, remote start and collision avoidance products round out our mobile electronic lines. Our consumer electronics products include digital camcorders, DVRs and Internet radios. We also supply high-end TV remote controls, wireless speakers, headphones, the leading line of HD indoor/outdoor antennas, connectivity products, and personal sound amplifiers.
You can find Audiovox products in virtually every distribution channel from the world's largest retailers to car dealers to small independents. The Company owns over twenty global brands and markets its products domestically primarily under Audiovox, RCA, Jensen, Acoustic Research, and Advent. Key European brands include Magnat, Mac Audio, Heco, Schweiger and Oehlbach. For additional information, visit our Web site at www.audiovox.com.
About Klipsch Group, Inc.
Founded in 1946 by Paul W. Klipsch, one of America's most celebrated audio pioneers, and then acquired by Fred and Judy Klipsch in 1989, Klipsch has long been a high-end name in speaker design. Today, the brand continues its success as a leading global manufacturer of premium speaker solutions for home, personal and commercial use. From massive professional cinema speakers to tiny headphones, Klipsch remains committed to delivering the most powerful, detailed and emotional sound experiences.
2
The products sold by Klipsch include home theater systems, floor standing speakers, bookshelf speakers, center speakers, surround speakers and 5.1 systems, subwoofers, headphones, flat panel speakers, architectural speakers, outdoor speakers, iPod/Computer speakers, cinema speakers, business music systems, accessory products and more. For more information, visit www.klipsch.com.
Safe Harbor Statement
Except for historical information contained herein, statements made in this release that would constitute forward-looking statements may involve certain risks and uncertainties. All forward-looking statements made in this release are based on currently available information and the Company assumes no responsibility to update any such forward-looking statement. The following factors, among others, may cause actual results to differ materially from the results suggested in the forward-looking statements. The factors include, but are not limited to risks that may result from changes in the Company's business operations; our ability to keep pace with technological advances; significant competition in the mobile and consumer electronics businesses as well as the accessories business; our relationships with key suppliers and customers; quality and consumer acceptance of newly introduced products; market volatility; non-availability of product; excess inventory; price and product competition; new product introductions; the possibility that the review of our prior filings by the SEC may result in changes to our financial statements; and the possibility that stockholders or regulatory authorities may initiate proceedings against Audiovox and/or our officers and directors as a result of any restatements. Risk factors associated with our business, including some of the facts set forth herein, are detailed in the Company's Form 10-K for the fiscal year ended February 28, 2010.
Company Contact:
GW Communications
Glenn Wiener, President
Tel: 212-786-6011
Email: gwiener@GWCco.com
SOURCE Audiovox Corporation
3

label: organization

text: Audiovox

text: Klipsch

text: Audiovox Corporation

text: Klipsch Group, Inc.

text: Klipsch

text: Klipsch

text: Audiovox

label: person

text: Patrick Lavelle

text: Audiovox Corporation

text: Klipsch

text: Klipsch

text: Klipsch

text: Audiovox

text: Klipsch

text: Klipsch

text: Audiovox

text: Klipsch

text: Klipsch

text: Klipsch

text: Audiovox Corporation

text: Audiovox

text: Audiovox

text: Klipsch

text: Wells Fargo Securities, LLC

text: Houlihan Lokey Howard & Zukin

text: Klipsch

text: Barnes & Thornburg LLP

text: Klipsch

text: Duane Morris LLP

text: Audiovox

text: Wells Fargo Securities, LLC

text: Houlihan Lokey Howard & Zukin

text: Barnes & Thornburg LLP

text: Duane Morris LLP

text: Levy, Stopol and Camelo

text: Audiovox

text: Audiovox

text: Audiovox

text: Audiovox

text: Audiovox

text: Audiovox

text: Klipsch Group, Inc.

text: Klipsch

text: Klipsch

text: Klipsch

text: Klipsch

text: Klipsch

text: Audiovox

text: Glenn Wiener

text: Audiovox Corporation

source_dataset: expertai/BUSTER

annotation_scope: BUSTER company-role spans plus reviewed organization, fund, person, and event additions with document-local surface projection; annotations remain non-exhaustive


text:
EX-99.1
3
a17-18183_1ex99d1.htm
EX-99.1
Exhibit 99.1
NEW YORK, NY - July 20, 2017
- Virtu Financial, Inc. (NASDAQ: VIRT) today said it completed its acquisition of KCG Holdings, Inc. (NYSE: KCG) on Thursday, July 20, in a cash transaction valued at $20.00 per KCG share, or a total of approximately $1.4 billion.
"The leadership of both firms have worked tirelessly to develop a seamless integration plan to apply Virtu's leading edge technology, risk management and rigorous cost discipline to KCG's tremendous client franchises. We are excited to combine two exceptionally talented workforces to execute and deliver on this plan", said Douglas Cifu, Virtu Financial Inc. Chief Executive Officer.
As previously announced, Mr. Cifu will continue to serve as Virtu's Chief Executive Officer and Joseph Molluso will continue to serve as Virtu's Chief Financial Officer. As of the close of the transaction, Virtu's board of directors has been expanded to include two additional board members. Bob Greifeld, formerly the CEO of NASDAQ, has been appointed Chairman and will serve on the board's newly formed Strategy Committee along with fellow new appointee Glenn Hutchins, co-founder of Silver Lake Partners. Founder and outgoing Chairman, Vincent Viola, will continue to serve on Virtu's board of directors and Nominating and Corporate Governance Committee, and will also serve as Founder and Chairman Emeritus and on Virtu's new Strategy Committee.
About Virtu Financial, Inc.
Virtu is a leading technology-enabled market maker and liquidity provider to the global financial markets. We stand ready, at any time, to buy or sell a broad range of securities and other financial instruments, and we generate revenue by buying and selling securities and other financial instruments and earning small amounts of money on individual transactions based on the difference between what buyers are willing to pay and what sellers are willing to accept, which we refer to as "bid/ask spreads", across a large volume of transactions. We make markets by providing quotations to buyers and sellers in more than 19,000 securities and other financial instruments on more than 235 unique exchanges, markets and liquidity pools in 36 countries around the world. We believe that our broad diversification, in combination with our proprietary technology platform and low-cost structure, enables us to facilitate risk transfer between global capital markets participants by supplying liquidity and competitive pricing while at the same time earning attractive margins and returns. www.virtu.com
Forward-Looking Statements
Statements made in this release, which are not historical facts, including statements about Virtu's plans, projected financial results and liquidity, strategies, focus, beliefs
1
and expectations, are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements speak only as of the date they are made and, except for Virtu's ongoing obligations under the U.S. federal securities laws, Virtu undertakes no obligation to publicly update any forward-looking statement, whether to reflect actual results of operations; changes in financial condition; changes in expectation of results of operations and liquidity; changes in general U.S. or international economic or industry conditions; changes in estimates, expectations or assumptions; or other circumstances, conditions, developments or events arising after this release. Such forward-looking statements include, without limitation, Virtu's beliefs, expectations, guidance, focus and/or plans regarding future events. Actual results may differ materially from such forward-looking statements for a number of reasons, including as a result of the risks described and other items in Virtu's filings with the SEC, including Virtu's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the SEC during 2017. Additional important factors that could cause actual results to differ materially from those indicated by forward-looking statements include risks and uncertainties relating to: the parties being unable to successfully implement integration strategies or realize the anticipated benefits of the acquisition, including the possibility that the expected synergies and cost reductions from the acquisition will not be realized or will not be realized within the expected time period. Factors other than those referred to above could also cause Virtu's results to differ materially from expected results. Additionally, the business and financial materials and any other statement or disclosure on, or made available through, Virtu's websites or other websites referenced herein shall not be incorporated by reference into this release.
2

text: Virtu Financial, Inc.

text: KCG Holdings, Inc.

text: Virtu Financial, Inc.


text:
EX-99.1
3
exhibit99_1.htm
EXHIBIT99_1
exhibit99_1
NEWS
RELEASE
NASDAQ
Symbol: "STRS"
Stratus
Properties Inc.
Financial
and Media Contact:
98
San Jacinto Blvd. Suite 220
William
H. Armstrong III
Austin,
Texas 78701
(512)
478-5788
STRATUS
PROPERTIES INC.
ANNOUNCES
COMPLETION OF SALE OF
7000
WEST
AUSTIN,
TX,
March
29, 2006 - Stratus Properties Inc. (NASDAQ: STRS) announced today the completion
of the sale of its two 70,000-square-foot
office buildings at 7000 West William Cannon Drive (7000 West), known as the
Lantana Corporate Center, to
CarrAmerica Lantana, LP for
$22.3
million. The purchaser
paid $10.6 million cash to Stratus at closing and assumed the $11.7 million
principal balance remaining under Stratus' 7000 West project loan. Stratus
intends to use the net proceeds from the sale to reduce its other
outstanding debt. Stratus will report an approximate $10 million gain on the
transaction in its first-quarter 2006 results.
William
H. Armstrong III, Chairman of the Board, President and Chief Executive Officer
stated "The sale of 7000 West is consistent with our commitment to create value
by securing and maintaining development entitlements and then developing and
building high-quality real estate projects on our properties".
Stratus
is a diversified real estate company engaged in the acquisition, development,
management and sale of commercial, multi-family and residential real estate
properties located primarily in the Austin, Texas area.
____________________________
A
copy of
this press release and additional information about our company are available
on
our website at http://www.stratusproperties.com.
# # #

text:
Stratus
Properties Inc.

text:
William
H. Armstrong III

text:
STRATUS
PROPERTIES INC.

text: Stratus Properties Inc.

text: CarrAmerica Lantana, LP

text:
William
H. Armstrong III


text:
EX-99.1
2
f8k021514ex99i_nextfuel.htm
PRESS RELEASE OF NEXT FUEL, INC.
f8k021514ex99i_nextfuel.htm
Exhibit 99.1
FOR IMMEDIATE RELEASE
Next Fuel, Inc. divests its Coal-to-Gas Technology to concentrate on its core Water Treatment Business
SHERIDAN, Wyo., February 26, 2014 -- Next Fuel, Inc. (OTCQB:NXFI) announced that it has sold the Company's Coal to Gas Technology.
Next Fuel, Inc has sold it's Coal to Gas technology to Star Holding (U. K.) Ltd., which is controlled by Mr. Guangwei Guo, a member of the Board of Directors of the Company who also controls the Company's China licensee. The transaction was approved by the Company's Board of Directors at a meeting held on February 21, 2014.
The primary terms of the sale are that Mr. Guo is transferring back to the Company 600,000 shares of Common Stock of the Company and terminate the Company's obligation to maintain a registration statement for resale of the remaining 1,851,666 shares of the Company Mr. Guo and his business associates own. The Company will retain an exclusive license to rights in the United States to the CTG technology being sold. The license is royalty free for all transactions entered into by the Company on or before August 1, 2014. The Company and the buyer will negotiate a royalty to be paid by the Company for contracts in the United States entered into by the Company after August 1, 2014. The Company also agreed to nominate Mr. Guo to continue as a member of the Company's Board of Directors at the next annual meeting of the shareholders of the Company.
Robert Craig, Chairman and CEO of Next Fuel, Inc., stated, "
The Company's Board of Directors approved this transaction as part of our restructuring efforts so that our limited financial resources required to support efforts to commercialize the Company's Coal to Gas Technology can be reallocated to other business opportunities".
About Next Fuel, Inc.
We are a technology provider and service company with a current focus on technology and products that have immediate and future promise in the water treatment industry. We are continuing development of our LPV technology and are evaluating several other water treatment technologies that we may have the opportunity to license or purchase to give the company a wide range of water treatment options.
Our technology and services are all in various stages of development or are being investigated by the Company as targets for acquisition. None have generated substantial revenue for us to date and we face substantial challenges in completing development or acquisition of these technologies and services businesses.
Forward-Looking Statements
This announcement contains forward-looking statements, including statements regarding future business to be conducted by the Company, all of which involve risks and uncertainties. Actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, our need ot raise capital and other factors discussed in our filings with the Securities and Exchange Commission.. All forward-looking statements are based on information available to us on the date hereof, and we assume no obligation to update such statements.
Contact Details:
Investor Relations Contact
Rob Kindle
Tel: 1.307.674.2145.
E-mail: rkindle@next-fuel.com
2

text: NEXT FUEL, INC.

text: Next Fuel, Inc.

text: Next Fuel, Inc.

text: Coal to Gas Technology

text: Next Fuel

text: Coal to Gas technology

text: Star Holding

text: Guangwei Guo

text: Robert Craig

text: Next Fuel, Inc.

text: Coal to Gas Technology

text: Next Fuel, Inc.


text:
EX-99.1
3
a5456384ex99_1.txt
EXHIBIT 99.1
Exhibit 99.1
Thomas & Betts Corporation Completes
Acquisition of Joslyn Hi-Voltage and Power Solutions Businesses from
Danaher Corporation
MEMPHIS, Tenn.--(BUSINESS WIRE)--July 25, 2007--Thomas & Betts
Corporation (NYSE:TNB) today announced that it has completed its
acquisition of the Joslyn Hi-Voltage and Power Solutions businesses
from Danaher Corporation for $280 million in cash.
Joslyn Hi-Voltage offers a broad range of high voltage electric
switches, reclosers, vacuum interrupter attachments and related
products used mainly by electric utilities. Power Solutions offers a
broad range of products and services designed to ensure a high
quality, reliable flow of power to commercial and industrial customers
for mission critical applications such as datacenters.
In a separate transaction, which closed on July 6, 2007, Thomas &
Betts acquired Drilling Technical Supply SA (DTS), a privately held
French manufacturer of explosion-proof lighting and electrical
protection equipment, for approximately $20 million.
Thomas & Betts Corporation is a leading manufacturer of electrical
components used in construction, industrial and utility markets. The
company is also a leading producer of commercial heating and
ventilation units and highly engineered steel structures used
primarily for utility transmission. Headquartered in Memphis, Tenn.,
the company has manufacturing, distribution and office facilities
worldwide. In 2006, the company reported $1.9 billion in revenues.
More information on the company, its products and markets can be found
at www.tnb.com.
CAUTIONARY STATEMENT
This press release includes "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are not historical facts and are typically
identified by terms such as "optimistic", "trend", "will", and
"believe." These statements discuss business strategies, economic
outlook and future performance. These forward-looking statements make
assumptions regarding the company's operations, business, economic and
political environment, including, without limitation, customer demand,
government regulation, terrorist acts and acts of war. The actual
results may be materially different from any future results expressed
or implied by such forward-looking statements. Please see the "Risk
Factors" section of the company's Form 10-K for the fiscal year ended
December 31, 2006 for further information related to these
uncertainties. The company undertakes no obligation to publicly
release any revisions to any forward-looking statements contained in
this press release to reflect events or circumstances occurring after
the date of this release or to reflect the occurrence of unanticipated
events.
CONTACT: Thomas & Betts Corporation
Tricia Bergeron, 901-252-8266
tricia.bergeron@tnb.com

text: Thomas & Betts Corporation

text: Joslyn Hi-Voltage

text: Danaher Corporation

text:
Thomas & Betts
Corporation

text: Joslyn Hi-Voltage

text: Danaher Corporation

text: Joslyn Hi-Voltage

text:
Thomas &
Betts

text: Drilling Technical Supply SA

text: Thomas & Betts Corporation

text: Thomas & Betts Corporation


text:
EX-99.1
2
tm2017819d2_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
News
Release
Silicon
Labs Completes Acquisition of Redpine Signals' Connectivity
Business, Expanding Its IoT Wireless Technology Leadership
--
Strategic Acquisition Strengthens Industry's Broadest Low-Power Connectivity
Portfolio and Accelerates Wi-Fi® Roadmap
--
AUSTIN,
Texas and SAN JOSE, Calif. - April 28, 2020 -
Silicon Labs (NASDAQ:
SLAB), a leading provider of silicon, software and solutions for a smarter, more connected world, today announced the completion
of its acquisition of Redpine Signals' Wi-Fi® and Bluetooth® business, development center in Hyderabad, India, and
extensive patent portfolio for $308 million in cash.
"This
acquisition brings critical connectivity technology and talent to help us accelerate our low-power Wi-Fi connectivity roadmap
for the Internet of Things while increasing scale and breadth", said Tyson Tuttle, CEO of Silicon Labs. "The world
increasingly depends on wireless technology to stay connected. The acquired Redpine connectivity business enables people, teams
and businesses around the world to remain safe, productive and in touch".
Redpine's
low-power Wi-Fi assets and intellectual property provide important technology for IoT connectivity. Wi-Fi 6 (802.11ax), the latest
evolution of the Wi-Fi standard, is designed to meet the low power, performance, security and interoperability requirements needed
in environments with hundreds or thousands of connected IoT devices. The integration of Redpine Signals' assets will accelerate
Silicon Labs' roadmap for Wi-Fi 6 technology. The acquisition also adds Bluetooth Classic IP for audio applications such
as wearables, hearables, voice assistants and smart speakers.
The Redpine
Signals acquisition includes an at-scale design center with approximately 200 employees in Hyderabad, India. The addition of Redpine's
multidisciplinary, high-performing team will help Silicon Labs scale R&D faster and more efficiently in one of India's
most engineering talent-rich regions.
For more information
about the Redpine Wi-Fi and Bluetooth products acquired by Silicon Labs, visit
silabs.com/redpine-signals
.
1
Silicon
Labs
Silicon
Labs (NASDAQ: SLAB) is a leading provider of silicon, software and solutions for a smarter, more connected world. Our award-winning
technologies are shaping the future of the Internet of Things, Internet infrastructure, industrial automation, consumer and automotive
markets. Our world-class engineering team creates products focused on performance, energy savings, connectivity and simplicity.
silabs.com
Redpine
Signals
Redpine
Signals, Inc., is a global semiconductor and system solutions company founded in 2001 and headquartered in San Jose, California.
It is focused on innovative development of ultra-low power and high-performance wireless and MCU products for next-generation
IoT, wearable, home automation, medical, industrial and automotive applications.
Forward-Looking
Statements
This announcement
contains forward-looking statements (including within the meaning of Section 21E of the United States Securities Exchange Act
of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) concerning Silicon Labs ("Silicon
Labs") and its acquisition (the "Acquisition") of the Wi-Fi® and Bluetooth® business (the "Business")
from Redpine Signals and related matters. These statements include, but are not limited to, statements that address Silicon Labs'
expected future business and financial performance and statements about (i) the timing, completion and expected benefits of the
Acquisition, (ii) plans, objectives and intentions with respect to future operations and products, (iii) competitive position
and opportunities, (iv) the impact of the Acquisition on the market for Silicon Labs products, (v) other information relating
to the Acquisition and (vii) other statements identified by words such as "will", "expect", "intends",
"believe", "anticipate", "estimate", "should", "intend", "plan", "potential",
"predict" "project", "aim", and similar words, phrases or expressions. These forward-looking statements
are based on current expectations and beliefs of the management of Silicon Labs, as well as assumptions made by, and information
currently available to, management, current market trends and market conditions and involve risks and uncertainties, many of which
are outside the management's control, and which may cause actual results to differ materially from those contained in forward-looking
statements. Accordingly, you should not place undue reliance on such statements.
Particular
uncertainties that could materially affect future results include any risks associated with the Acquisition such as: (1) problems
integrating the acquired operations, technologies or products with Silicon Labs' existing business and products; (2) litigation
relating to the Acquisition; (3) tax issues associated with the Acquisition; (4) need for financial resources above Silicon Labs'
planned investment levels; (5) the ability of Silicon Labs to retain and hire key personnel; (6) competitive responses to the
Acquisition; (7) unexpected or increased costs, charges or expenses resulting from the Acquisition; (8) potential adverse reactions
or changes to business relationships resulting from the announcement or completion of the Acquisition; (9) risks associated with
the transfer of licenses of intellectual property in connection with the Acquisition; (10) Silicon Labs' ability to achieve the
growth prospects and synergies expected from the Acquisition, as well as delays, challenges and expenses associated with integrating
the Acquisition; and (10) legislative, regulatory and economic developments, particularly in light of the impact of COVID-19 on
the U.S. and global economy, including the restrictions on travel and transportation and other actions that may be taken by governmental
authorities and disruptions to the business of our customers or our global supply chain.
2
The foregoing
review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive and
should be read in conjunction with Silicon Labs' filings with the Securities and Exchange Commission ("SEC"), which
you may obtain for free at the SEC's website at
sec.gov
, and which discuss additional important risk factors that may affect
the business, results of operations and financial conditions. Silicon Labs does not undertake an obligation to publicly update
or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, except
as required by law.
#
# #
Note
to editors: Silicon Labs, Silicon Laboratories, the "S" symbol, the Silicon Laboratories logo and the Silicon Labs logo
are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders.
Connect
with Silicon Labs
Investor
Relations: Jalene Hoover +1-512-428-1610,
jalene.hoover@silabs.com
Public Relations:
Dale Weisman +1-512-532-5871,
dale.weisman@silabs.com
3

text:
Silicon
Labs

text:
Redpine Signals' Connectivity
Business

text: Silicon Labs

text: Redpine Signals' Wi-Fi® and Bluetooth®

text: Tyson Tuttle

text: Silicon Labs

text: Silicon Labs

text: Silicon Labs

text: Silicon Labs

text:
Silicon
Labs

text:
Silicon
Labs

text: Silicon Labs

text:
Silicon
Labs

text: Silicon Labs

text: Silicon Labs

text: Silicon Labs

text: Silicon Labs

text: Silicon Labs

text: Silicon Labs

text: Silicon Labs

text: Silicon Labs

text: Silicon Labs

text: Silicon Labs

text: Silicon Labs

text: Silicon Labs


text:
EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
Exhibit 99.1
Teleflex ®
NEWS
155 South Limerick Road, Limerick, PA 19468 USA - Phone: 610-948-5100 - Fax: 610-948-0811
Contact: Julie McDowell
Vice President, Corporate Communications
610-948-2836
FOR IMMEDIATE RELEASE
October 1, 2007
TELEFLEX COMPLETES ARROW INTERNATIONAL ACQUISITION
Expands Teleflex Medical Business to $1.4 billion
Establishes Teleflex Medical as a global leader in disposables for critical care and surgical
applications
Limerick, PA -Teleflex Incorporated (NYSE: TFX) today announced that it has completed its
acquisition of Arrow International, Inc. (NASDAQ: ARRO), a leading global provider of
catheter-based access and therapeutic products for critical and cardiac care. Under terms of the
transaction, which was announced on July 23, 2007, Arrow International shareholders will receive a
cash payment of $45.50 for each outstanding share of Arrow common stock.
"Completing the Arrow acquisition is a significant milestone in our strategy to position Teleflex
as a diversified company defined by its medical business", commented Jeffrey P. Black, Chairman of
the Board and Chief Executive Officer of Teleflex. "Combining these businesses creates a $1.4
billion global medical technology business with a leadership position in disposable products for
critical care and surgery that will represent more than 45% of Teleflex revenues and approximately
70% of segment operating profits in 2008".
Mr. Black continued, "Our goal now is to accelerate the growth of our medical business while
capturing cost savings and other synergies that create value for our customers and shareholders.
We believe this transformed medical technology business will achieve enhanced growth both
organically and through bolt-on acquisitions. Arrow's robust R&D
capabilities will be leveraged to accelerate the development of products with the goal of offering
healthcare providers less invasive access, enhanced patient safety and improved infection control.
We also see significant opportunities for cost savings and operational improvements as we combine
the infrastructure and resources of both companies".
(MORE)
The company expects synergies from the transaction could reach $70 to $75 million by fiscal year
2010 through, among other actions, reducing administrative and global infrastructure expenses,
increasing operational efficiencies and creating additional revenue opportunities. In total,
approximately 80% of the synergies are expected to come from cost savings initiatives, with the
balance from revenue growth initiatives.
In regard to the financing of this transaction, Kevin K. Gordon, Executive Vice President and Chief
Financial Officer of Teleflex, said, "We are pleased with the structure of our permanent financing
and the success of our bank syndication which was oversubscribed. With recent volatility in the
financing markets, we considered several options for the capital structure and were successful in
securing financing at aggregate borrowing costs that were in line with our original expectations".
The transaction has been financed with cash, a senior secured syndicated bank loan and issuance of
private placement notes. The syndicated bank loan agreement includes a $1.4 billion term loan and
a $400 million revolving line of credit, both of which carry initial interest rates of LIBOR + 150
basis points. The company executed an interest rate swap for $600 million of the term loan from
floating to a fixed rate of 6.25%. In addition, Teleflex amended its existing private placement
notes and issued $200 million in new private placement notes with a blended interest rate of under
8% and terms substantially similar to the syndicated bank agreement.
In commenting on the outlook, Mr. Black added, "Teleflex's current businesses continue to perform
in line with our previously-outlined expectations for the full year. However, repatriation of
overseas cash balances in connection with the acquisition, and expected future cash repatriation,
will result in a principally non-cash charge for income taxes during the third quarter. As
previously discussed, we expect to record additional charges in connection with the fourth quarter
closing of the transaction. We continue to expect the transaction will be meaningfully accretive
to earnings per share in 2009".
The company expects to report third quarter 2007 earnings on October 31, 2007 and to hold a
conference call with investors on November 1, 2007.
About Teleflex Medical:
Teleflex Medical is a global leader in disposable medical products for critical care and surgery
and a business segment of Teleflex Incorporated. The company also produces surgical instruments
and devices and cardiac devices and disposables. Teleflex Medical derives more than 80% of its
revenue from a recurring stream of disposable medical product sales. Teleflex Medical has over
11,000 global employees in more than 20 countries outside the United States.
(MORE)
About Teleflex:
Teleflex Incorporated is a diversified company with pro forma annual revenues over $3.1 billion.
The company designs, manufactures and distributes quality-engineered products and services for the
medical, commercial, and aerospace markets worldwide. Teleflex employs more than 23,000 people
worldwide who focus on providing innovative solutions for customers.
Caution Concerning Forward-looking Information:
This press release contains forward-looking statements, including, but not limited to, statements
relating to anticipated future revenue and segment operating profit, pro forma revenues of the
combined companies, expected growth of our medical business, expected synergies from revenues and
cost actions, expected income tax charges, expected accretion or dilution of earnings created by
the transaction, anticipated improvements in business and financial performance of the companies as
a result of the transaction and expectations of business performance from current businesses.
Actual results could differ materially from those in these forward-looking statements due to, among
other things, unanticipated expenditures in connection with integration programs; unanticipated
difficulties in connection with integration programs; customer and shareholder reaction, market
conditions and other factors described in Teleflex's and Arrow's filings with the Securities and
Exchange Commission.
###

text: Teleflex

text: TELEFLEX

text: ARROW INTERNATIONAL

text: Teleflex

text: Teleflex

text: Teleflex Incorporated

text: Arrow International, Inc.

text: Arrow International

text: Arrow

text: Arrow

text: Teleflex

text: Jeffrey P. Black

text: Teleflex

text: Teleflex

text: Arrow

text: Teleflex

text: Teleflex

text: Teleflex

text: Teleflex

text: Teleflex

text: Teleflex Incorporated

text: Teleflex

text: Teleflex

text: Teleflex

text: Teleflex Incorporated

text: Teleflex

text: Teleflex

text: Arrow


text:
EX-99.1
2
tv484053_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Press Release
For Further Information Contact:
INVESTORS:
MEDIA:
Byron Purcell
Susan Henderson
(717) 975-5809
(717) 730-7766
or
investor@riteaid.com
FOR IMMEDIATE RELEASE
Rite Aid Announces Continued Progress
in Sale of Assets to Walgreens Boots Alliance
CAMP HILL, Pa. (Feb. 8, 2018) - Rite Aid Corporation (NYSE:
RAD) today provided an update on the progress of its plans to sell stores to Walgreens Boots Alliance, Inc. (Nasdaq: WBA) pursuant
to the previously disclosed Amended and Restated Asset Purchase Agreement, dated as of September 18, 2017 (the "Asset Purchase
Agreement"). As of February 8, 2018, Rite Aid has transferred 1,114 stores and related assets to WBA, and has received cash
proceeds of $2,424 million, which the Company continues to use to reduce debt. Under the Asset Purchase Agreement, WBA will purchase
a total of 1,932 stores, three distribution centers and related inventory from Rite Aid for an all-cash purchase price of $4,375
million on a cash-free, debt-free basis.
"We have now completed more than half of the planned store
transfers and remain on track to finish the process in the spring of this year", said Rite Aid Chairman and CEO John Standley.
"As we work to complete this process, we remain focused on opportunities to build our business while delivering a great experience
to our customers and patients and driving value for our shareholders".
The majority of the closing conditions have been satisfied,
and the subsequent transfers of Rite Aid stores and related assets remain subject to minimal customary closing conditions applicable
only to the stores being transferred at such subsequent closing, as specified in the Asset Purchase Agreement. Additional details
regarding today's announcement have been filed with the Securities and Exchange Commission on Form 8-K.
Rite Aid is one of the nation's leading drugstore chains with
fiscal 2017 annual revenues of $32.8 billion. Information about Rite Aid, including corporate background and press releases, is
available through the company's website at
www.riteaid.com
.
-MORE-
Rite Aid Press Release - page 2
Cautionary Statement Regarding Forward Looking Statements
Statements in this release that are not historical, are forward-looking
statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements
include, but are not limited to, statements regarding the expected timing of subsequent closings of the sale of Rite Aid stores
and assets to WBA; the ability of the parties to complete each of the subsequent closings for sale and related subsequent transactions
considering the various closing conditions applicable to the stores, related assets and/or distribution centers being transferred
at such subsequent closing; the outcome of legal and regulatory matters in connection with the sale of stores and assets of Rite
Aid to WBA; the expected benefits of the transactions such as improved operations, growth potential, market profile and financial
strength; the competitive ability and position of Rite Aid following completion of the proposed transactions; the ability of Rite
Aid to implement new business strategies following the completion of the proposed transactions; the ability of Rite Aid to repay
its debt using the proceeds from the proposed transactions and any assumptions underlying any of the foregoing. Words such as "anticipate,"
"believe", "continue", "could", "estimate", "expect", "intend,"
"may", "plan", "predict", "project", "should", and "will"
and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking
statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including, but not limited
to, our high level of indebtedness and our ability to make interest and principal payments on our debt and satisfy the other covenants
contained in our debt agreements; general economic, industry, market, competitive, regulatory and political conditions; our ability
to improve the operating performance of our stores in accordance with our long term strategy; the impact of private and public
third-party payers continued reduction in prescription drug reimbursements and efforts to encourage mail order; our ability to
manage expenses and our investments in working capital; outcomes of legal and regulatory matters; changes in legislation or regulations,
including healthcare reform; our ability to achieve the benefits of our efforts to reduce the costs of our generic and other drugs;
risks related to the proposed transactions, including the possibility that the subsequent transactions may not close, including
because a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the transactions, or may
require conditions, limitations or restrictions in connection with such approvals, the risk that there may be a material adverse
change of Rite Aid, or the business of Rite Aid may suffer as a result of uncertainty surrounding the proposed transactions; risks
related to the ability to realize the anticipated benefits of the proposed transactions; risks associated with the financing of
the proposed transaction; disruption from the proposed transaction making it more difficult to maintain business and operational
relationships; the effect of the pending sale on Rite Aid's business relationships (including, without limitation, customers
and suppliers), operating results and business generally; risks related to diverting management's or employees' attention
from ongoing business operations; the risk that Rite Aid's stock price may decline significantly if the proposed transaction
is not completed; significant transaction costs; unknown liabilities; the risk of litigation and/or regulatory actions related
to the proposed transactions; potential changes to our strategy in the event the remaining proposed transactions do not close,
which may include delaying or reducing capital or other expenditures, selling assets or other operations, attempting to restructure
or refinance our debt, or seeking additional capital, and other business effects.
-MORE-
Rite Aid Press Release - page 3
These and other risks, assumptions and uncertainties are
more fully described in Item 1A (Risk Factors) of our most recent Annual Report on Form 10-K, and in other documents that we file
or furnish with the Securities and Exchange Commission, which you are encouraged to read.
Should one or more of these risks or uncertainties materialize,
or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such
forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward- looking statements, which
speak only as of the date they are made. Rite Aid expressly disclaims any current intention to update publicly any forward-looking
statement after the distribution of this release, whether as a result of new information, future events, changes in assumptions
or otherwise.
###

text: Rite Aid

text: Rite Aid Corporation

text: Walgreens Boots Alliance, Inc.

text: WBA

text: Rite Aid

text: WBA

text: WBA

text: Rite Aid

text: Rite Aid

text: Rite Aid

text: Rite Aid

text: Rite Aid

text: Rite Aid

text: Rite Aid

text: WBA

text:
Rite
Aid

text: WBA

text: Rite Aid

text:
Rite
Aid

text: Rite Aid

text: Rite Aid

text: Rite Aid

text: Rite Aid

text: Rite Aid

text: Rite Aid

text: Rite Aid


text:
EX-99.2
3
exhibit992-unauditedadjust.htm
EXHIBIT 99.2
Exhibit 99.2 - Unaudited Adjusted Condensed Consolidated Financial Statements
Exhibit 99.2
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
On February 9, 2015, the Board of Directors of Anixter International Inc. (the "Company") approved the disposition of its OEM Supply - Fasteners ("Fasteners") business. On February 11, 2015, the Company, through its wholly-owned subsidiary Anixter Inc., entered into a definitive asset purchase agreement with American Industrial Partners ("AIP") to sell its Fasteners business for $380.0 million in cash, subject to certain post-closing adjustments. On June 1, 2015, the Company, through its wholly-owned subsidiary Anixter Inc., completed the previously announced sale of its Fasteners business to AIP.
The following Unaudited Pro Forma Condensed Consolidated Financial Statements have been derived by the application of adjustments to the Company's historical consolidated financial statements. The Unaudited Pro Forma Condensed Consolidated Statement of Income for the fiscal year ended January 2, 2015 is presented as if the disposition had occurred at the beginning of the fiscal year. The Unaudited Pro Forma Condensed Consolidated Balance Sheet as of April 3, 2015 is presented as if the disposition had occurred on April 3, 2015. As a result of the decision to dispose of the Company's Fasteners business, the operating results of the Fasteners business were reflected as discontinued operations for the entire period in the first quarter of 2015, as reported in the Condensed Consolidated Statement of Income in the Company's Quarterly Report on Form 10-Q for the three months ended April 3, 2015. Therefore, an Unaudited Pro Forma Condensed Consolidated Statement of Income for the first quarter of 2015 has not been included.
The Unaudited Pro Forma Condensed Consolidated Financial Statements are being provided for informational purposes only and are not necessarily indicative of the results of operations or financial position that would have resulted if the disposition had actually occurred on the dates indicated and are not intended to project the Company's results of operations or financial position for any future period. The unaudited adjustments are based on estimates, available information and certain assumptions that the Company believes are reasonable, as described in the accompanying notes. The Unaudited Pro Forma Condensed Consolidated Financial Statements and the accompanying notes should be read in conjunction with the historical consolidated financial statements and accompanying notes included in the Company's Annual Report on Form 10-K for the fiscal year ended January 2, 2015 and the Company's Quarterly Report on Form 10-Q for the three months ended April 3, 2015.
ANIXTER INTERNATIONAL INC.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF INCOME
Year Ended January 2, 2015
As Reported
Pro Forma Adjustments
Pro Forma
(In millions, except per share amounts)
Net sales
$
6,445.5
$
(938.5
)
$
5,507.0
Cost of goods sold
4,977.1
(709.4
)
4,267.7
Gross profit
1,468.4
(229.1
)
1,239.3
Operating expenses
1,107.5
(178.3
)
929.2
Operating income
360.9
(50.8
)
310.1
Other expense:
Interest expense
(48.1
)
3.6
(a)
(44.5
)
Other, net
(18.0
)
2.0
(16.0
)
Income before income taxes
294.8
(45.2
)
249.6
Income tax expense
100.0
(13.8
)
86.2
Net income
$
194.8
$
(31.4
)
$
163.4
Income per share:
Basic
$
5.90
$
4.95
Diluted
$
5.84
$
4.90
Weighted-average common shares outstanding:
Basic
33.0
33.0
Diluted
33.3
33.3
(a) Reflects the assumed interest costs that would not have been incurred if the Company had the proceeds from the sales of the Fasteners business at the beginning of the period.
The Unaudited Pro Forma Condensed Consolidated Statement of Income does not include adjustments for income from transition services which are expected to approximate $2 million to $4 million pretax over the next 12 months.
ANIXTER INTERNATIONAL INC.
UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET
April 3, 2015
As Reported
Pro Forma Adjustments
Pro Forma
(In millions, except share and per share amounts)
ASSETS
Current assets:
Cash and cash equivalents
$
101.2
$
320.0
(b)
$
421.2
Accounts receivable (Includes $480.7 at April 3, 2015 associated with securitization facility)
1,109.4
-
1,109.4
Inventories
839.0
-
839.0
Deferred income taxes
33.4
-
33.4
Other current assets
51.5
-
51.5
Current assets held for sale
419.1
(419.1
)
-
Total current assets
2,553.6
(99.1
)
2,454.5
Property and equipment, at cost
308.3
-
308.3
Accumulated depreciation
(200.7
)
-
(200.7
)
Net property and equipment
107.6
-
107.6
Goodwill
577.1
-
577.1
Other assets
270.9
-
270.9
Total assets
$
3,509.2
$
(99.1
)
$
3,410.1
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
$
682.5
$
-
$
682.5
Accrued expenses
169.7
-
169.7
Current liabilities of discontinued operations
131.8
(131.8
)
-
Total current liabilities
984.0
(131.8
)
852.2
Long-term debt (Includes $190.0 at April 3, 2015 associated with securitization facility)
1,202.0
-
1,202.0
Other liabilities
208.7
-
208.7
Total liabilities
2,394.7
(131.8
)
2,262.9
Stockholders' equity:
Common stock - $1.00 par value, 100,000,000 shares authorized, 33,238,071 shares issued and outstanding at April 3, 2015
33.2
-
33.2
Capital surplus
240.6
-
240.6
Retained earnings
1,018.9
32.7
(c)
1,051.6
Accumulated other comprehensive loss:
Foreign currency translation
(100.1
)
-
(100.1
)
Unrecognized pension liability, net
(78.1
)
-
(78.1
)
Total accumulated other comprehensive loss
(178.2
)
-
(178.2
)
Total stockholders' equity
1,114.5
32.7
1,147.2
Total liabilities and stockholders' equity
$
3,509.2
$
(99.1
)
$
3,410.1
(b) Reflects the receipt of cash proceeds of $380.0 million, net of transaction fees and taxes. The Company expects to use the net proceeds to reduce outstanding debt balances and for general corporate purposes.
(c) Reflects the adjustment to stockholders' equity related to the sale of the Fasteners business.

text: Anixter International Inc.

text: Fasteners

text: Fasteners

text: Anixter Inc.

label: fund

text: American Industrial Partners

override: fund

text: AIP

text: Fasteners

text: Anixter Inc.

text: Fasteners

text: AIP

text: Fasteners

text: Fasteners

text: ANIXTER INTERNATIONAL INC.

text: Fasteners

text: ANIXTER INTERNATIONAL INC.

text: Fasteners


text:
EX-99.1
2
a04_01x2015silverbayrealty.htm
EXHIBIT 99.1
04_01_2015SilverBayRealtyTrustCorpCompletesAcquisitionofTheAmericanHomePortfolio
Silver Bay Realty Trust Corp. Completes Acquisition of The American Home Portfolio
NEW YORK, April 1, 2015 - Silver Bay Realty Trust Corp. (NYSE: SBY) (the "Company" or "Silver Bay") announced today that it completed the previously announced acquisition of the portfolio of properties from The American Home. The Company acquired 2,373 properties in the transaction and has an additional 89 properties under contract with Seller to acquire at subsequent closings. The Company paid a purchase price for the acquired properties of $252.2 million in cash using proceeds obtained under its revolving credit facility. The properties are primarily located in Atlanta, Charlotte, Tampa and Orlando.
Silver Bay Realty Trust Corp.
Silver Bay Realty Trust Corp. is a Maryland corporation focused on the acquisition, renovation, leasing and management of single-family properties for rental income and long-term capital appreciation. Silver Bay owns single-family properties in Arizona, California, Florida, Georgia, Nevada, North Carolina, Ohio and Texas. Silver Bay has elected to be taxed as a REIT for U.S. federal tax purposes. Additional information can also be found on the company's website: www.silverbayrealtytrustcorp.com.
Additional Information
Stockholders of Silver Bay, and other interested persons, may find additional information regarding Silver Bay at the SEC's Internet site at www.sec.gov or by directing requests to: Silver Bay Realty Trust Corp., Attn: Investor Relations, 3300 Fernbrook Lane North, Suite 210, Plymouth, MN 55447, telephone (952) 358-4400.
Contact
Anh Huynh, Director of Investor Relations, Silver Bay Realty Trust Corp., ahuynh@silverbaymgmt.com, 952-358-4400.

text: Silver Bay Realty Trust Corp.

text: The American Home

text: Silver Bay Realty Trust Corp.

text: The American Home

text: Silver Bay Realty Trust Corp.

text: Silver Bay Realty Trust Corp.

text: Silver Bay Realty Trust Corp.

text: Anh Huynh

text: Silver Bay Realty Trust Corp.


text:
EX-99.1
6
blackwater_8k-ex9901.txt
PRESS RELEASE
Exhibit 99.1
BLACKWATER MIDSTREAM CORP. COMPLETES ACQUISITION OF
BULK LIQUID STORAGE TERMINAL IN PORT OF NEW ORLEANS
Published: December 24, 2008
NEW ORLEANS--(BUSINESS WIRE)-- Blackwater New Orleans, LLC, a wholly-owned
entity of Blackwater Midstream Corp. (OTCBB:BWMS), has completed the acquisition
of an 855,000 barrel, 26.5 acre bulk liquid storage terminal in Westwego, LA at
mile marker 101.4 on the Mississippi River. Blackwater purchased the terminal
from NuStar Terminal Operations Partnership L.P. for a purchase price of $4.8
million. The facility includes a deep water marine dock, a rail system, and
multiple truck loading/unloading stations. The company intends to consolidate
its business and operational headquarters at the facility in Westwego, LA.
The Company received favorable financing through JPMorgan Chase in New Orleans
and private placement investor funding.
The Company has already finalized a storage lease with a chemical company that
will bring in revenue. In addition, Blackwater New Orleans is marketing the
facility to numerous petroleum and chemical companies.
According to Blackwater's Chief Commercial Officer Frank Marrocco, "We have
received great commercial interest in the facility. Tight supply in the Port of
New Orleans storage market, coupled with the outstanding customer focus and
responsiveness that the Blackwater Midstream management team offers to our
clients, will make this acquisition a great success for our company. Our
business plan is simple: to forge outstanding, long term customer relationships
through diligent stewardship and exceptional customer service of our clients'
supply chain requirements".
The Westwego acquisition is the first step in Blackwater's strategy of acquiring
niche, third party terminal assets around the country, and building a
diversified asset base that promotes its business plan.
The information in this press release includes certain "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements relating to prospective acquisitions or
anticipated future results. Forward-looking statements relate to expectations or
forecasts of future events. Blackwater Midstream does not assume the obligation
to update any forward-looking statement. Many factors could cause actual results
to differ materially from Blackwater Midstream's forward-looking statements,
including market forces, economic factors, the availability of capital and
credit, current and future competition and other uncertainties. For further
details about these and other factors that may impact the forward-looking
statements, see Blackwater Midstream's Securities and Exchange Commission
filings, including the "Risk Factors" in the Annual Report on Form 10-K.
Source: Blackwater Midstream Corp.

text: BLACKWATER MIDSTREAM CORP.

text: Blackwater New Orleans, LLC

text: Blackwater Midstream Corp.

text: Blackwater

text: JPMorgan

text: private placement investor funding

text: Blackwater

text: Blackwater

text: Blackwater Midstream Corp.


text:
EX-99.I
23
c50007_ex99-1.htm
Exhibit 99.1
1140 Pearl Street, Boulder, Colorado 80302
NEWS RELEASE
for August 20, 2007 at 7:30 AM EDT
Contacts for Incentra Solutions:
Allen & Caron Inc.
Incentra
Solutions, Inc.
Jill Bertotti (investors)
Tom Sweeney
jill@allencaron.com
Chief
Executive Officer
Len Hall (financial media)
tsweeney@incentrasolutions.com
len@allencaron.com
(303)
449-8279
(949) 474-4300
INCENTRA SOLUTIONS ACQUIRES HELIO SOLUTIONS,
LEADING PROVIDER OF IT AND DATA CENTER SOLUTIONS IN CALIFORNIA/ARIZONA
Boulder,
CO, August 20, 2007
- Incentra Solutions, Inc. (OTCBB:
ICNS), a provider of complete IT and storage management solutions to
enterprises and managed service providers in North America and Europe, today
announced that it has acquired Santa Clara, CA-based Helio Solutions, Inc. (
www.heliosolutions.com
)
for approximately $10.3 million, subject to certain post-closing working
capital adjustments. The price paid at closing included $5 million in cash, six
million restricted shares of Incentra common stock and the issuance of an
unsecured, convertible three-year note for $770,000. Based on meeting certain
performance thresholds in each of the three years following closing, the
sellers are eligible to receive additional consideration consisting of a combination
of cash and restricted shares of Incentra common stock. The sellers have
entered into a multi-year year lockup and voting agreement covering all
Incentra common stock received in the transaction.
Privately-held
Helio, which is a premier provider of IT and secure data center solutions to
mid-tier enterprises and Fortune 1000 companies, had sales of approximately $75
million for the 12 months ended June30, 2007.
Helio
will become a wholly-owned subsidiary of Incentra Solutions and continue to
operate from its offices in Santa Clara, San Jose, San Francisco, Los Angeles,
and Phoenix, AZ. The acquisition will add a staff of approximately 60
professionals and more than 350 customers to Incentra's existing operations,
and Helio president Dave Condensa will remain with the business and report
directly to Incentra Solutions President and Chief Operating Officer Shawn
O'Grady.
Incentra
Solutions Chairman and CEO Thomas P. Sweeney said that acquiring Helio will
significantly strengthen Incentra's presence in California and Arizona. The
acquisition is another important step in the Company's strategy to rapidly grow
revenues by acquiring systems integrators with existing direct sales
organizations serving the enterprise market. With the addition of Helio
revenue, Incentra is well positioned to enter 2008 with an annual revenue run
rate of more than $200 million.
"In
addition to the investments we are making in organic growth, as we have
previously demonstrated we will continue to seek strategic opportunities to
grow through acquisition, when appropriate", Sweeney said. "Helio brings to
Incentra experienced management and an excellent professional staff with a
successful track record. With its large base of well established customers, it
meets our strategic goal of providing significant opportunities to increase
sales of our value
added services
including First Call and Enhanced First Call support services, professional
services and our GridWorks remote monitoring and management system".
Dave
Condensa said, "Joining Incentra Solutions is a significant move for our
employees and our customer base. It not only creates attractive career
opportunities for our professional staff, it adds critically important service
offerings to our product line to help solve our customer's growing data
management requirements. The entire Helio organization is very excited about
becoming part of Incentra for we believe this business combination positions
the Company as the most complete provider of IT products and value added
service solutions on the west coast".
Pagemill
Partners, headquartered in Palo Alto, CA, advised Incentra Solutions regarding
the acquisition.
About Incentra Solutions, Inc.
Incentra
Solutions, Inc. (www.incentrasolutions.com) (OTCBB:ICNS) is a provider of
complete IT & storage management solutions to enterprises and managed
service providers in North America and Europe. Incentra's complete solution
includes managed services, professional services, hardware and software
products with the Company's First Call and Enhanced First Call support
services, IT outsourcing solutions and financing options.
Incentra Solutions Forward Looking Statements
Certain
information discussed in this press release may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act
of 1995 and the federal securities laws. Although the Company believes that the
expectations reflected in such forward-looking statements are based upon
reasonable assumptions at the time made, it can give no assurance that its
expectations will be achieved. Readers are cautioned not to place undue
reliance on these forward-looking statements. Forward-looking statements are
inherently subject to unpredictable and unanticipated risks, trends and
uncertainties such as the Company's inability to accurately forecast its
operating results; the Company's potential inability to achieve profitability
or generate positive cash flow; the availability of financing; and other risks
associated with the Company's business. For further information on factors
which could impact the Company and the statements contained herein, reference
should be made to the Company's filings with the Securities and Exchange Commission,
including Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and
Current Reports on Form 8-K. The Company assumes no obligation to update or
supplement forward-looking statements that become untrue because of subsequent
events.
# # # #

text: Incentra Solutions

text:
Incentra
Solutions, Inc.

text: INCENTRA SOLUTIONS

text: HELIO SOLUTIONS

text: Incentra Solutions, Inc.

text: Helio Solutions, Inc.

text: Incentra

text: Incentra

text: Incentra

text: Helio

text: Helio

text: Incentra Solutions

text: Incentra

text: Helio

text: Incentra Solutions

text:
Incentra
Solutions

text: Helio

text: Incentra

text: Helio

text: Incentra

text: Helio

text: Incentra

text: Incentra Solutions

text: Helio

text: Incentra

text: Incentra Solutions

text: Incentra Solutions, Inc.

text:
Incentra
Solutions, Inc.

text: Incentra

text: Incentra Solutions


text:
EX-99.1
15
d185405dex991.htm
EX-99.1
EX-99.1
Exhibit 99.1
Holley Announces Closing of Business Combination with Empower
Holley, the leading performance automotive enthusiast platform, will be listed on the New
York Stock Exchange under the ticker "HLLY"
Bowling Green, KY
- July
16, 2021 -
Holley Inc. ("Holley" or the "Company"), the largest and
fastest growing platform in the enthusiast branded performance automotive aftermarket category, today announced the closing of its previously announced business combination with Empower Ltd. ("Empower"), a publicly traded special purpose
acquisition company formed by MidOcean Partners. The business combination was approved by Empower's stockholders on July 14, 2021. Holley is a portfolio company of Sentinel Capital Partners, who will continue to have a significant stake in
the Company. Beginning July 19, 2021, Holley's shares will trade on the New York Stock Exchange under the ticker symbol "HLLY".
Holley's President and Chief Executive Officer, Tom Tomlinson, and the current management team will continue to lead the Company. Matthew Rubel, Chief
Executive Officer and Executive Chairman of the Board of Directors of Empower, will serve as Chairman of the Board of Directors at Holley.
Holley plans
to continue investing in the Company's growth initiatives by accelerating its penetration across categories and platforms; supporting strategic M&A activity; and further expanding its unique event based experiential and digital marketing
efforts.
Tom Tomlinson, Holley CEO, stated "This is an exciting day for our Company and marks an important milestone in our history. We are
enthusiasts and we built this business for our enthusiast customers. As we look to the future, we will remain relentlessly focused on our performance automotive enthusiast community, innovative and exciting new product, and accretive M&A".
"We are pleased to close the business combination with Holley and officially list the Company on the New York Stock Exchange", said Matthew
Rubel, the Chairman of Holley's Board of Directors. "Together, with our respective strengths, we look forward to the growth opportunities ahead, further building the business for future success, gaining additional market share and
continuing to grow as a leader in the enthusiast performance automotive industry".
Since announcing the planned business combination Holley acquired
substantially all of the assets of Advanced Engine Management, Inc. (dba AEM Performance Electronics), a leading developer and supplier of electronic control and monitoring systems for performance automotive applications. Additionally, Holley
appointed two key executives in an effort to further drive long-term growth, Chief Financial Officer, Dominic Bardos, and Executive Vice President of Corporate Development and New Ventures, Vinny Nimmagadda, and continues to see strong financial
performance, recently reporting first quarter 2021 results which saw robust organic and acquired growth.
Following the closing of the business combination, Holley's Board of Directors now consists of seven
directors who bring decades of deep industry experience and leadership roles scaling billion-dollar enterprises at various stages. The newly appointed Board will serve as a valuable asset to the Company as it seeks to drive growth and maximize
shareholder value. The Board of Directors includes:
.
Matthew Rubel, Chief Executive Officer and Executive Chairman of the Board of Empower Ltd.
.
Tom Tomlinson, President and Chief Executive Officer of Holley
.
Gina Bianchini, Founder and Chief Executive Officer of Mighty Network
.
Owen M. Basham, Principal of Sentinel Capital Partners
.
James D. Coady, Partner of Sentinel Capital Partners
.
Michelle Gloeckler, former Executive Vice President, Chief Merchant & President of International for
Academy Sports + Outdoors
.
Ginger Jones, former Vice President, Chief Financial Officer of Cooper Tire & Rubber Company
About Holley
Holley is a leading
designer, marketer, and manufacturer of high-performance products for car and truck enthusiasts. Holley offers the largest portfolio of iconic brands that deliver innovation and inspiration to a large and diverse community of millions of avid
automotive enthusiasts who are passionate about the performance and personalization of their classic and modern cars. Holley has disrupted the performance category by putting the enthusiast consumer first, developing innovative new products, and
building a robust M&A process that has added meaningful scale and diversity to its platform. For more information on Holley, visit
www.holley.com
.
About Empower Ltd.
Empower was a blank check company
formed by MidOcean Partners whose business purpose was to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Empower's management team was led
by Mr. Rubel, its Chief Executive Officer and Executive Chairman of its Board of Directors, and Mr. Clempson, Empower's President. Empower raised $250,000,000 in its initial public offering in October 2020 and was listed on the NYSE
under the ticker symbols "EMPW",
"EMPW-UN"
and
"EMPW-WT".
About Sentinel Capital Partners
Sentinel specializes in
buying and building lower midmarket businesses in the United States and Canada in partnership with management. Sentinel targets business services, consumer, healthcare services, and industrial businesses. Sentinel invests in management buyouts,
recapitalizations, corporate divestitures, going-private transactions, and structured equity investments of established businesses with EBITDA of up to $80 million. Sentinel also invests in special situations, including balance sheet
restructurings and operational turnarounds. For more information about Sentinel, visit
www.sentinelpartners.com
.
Forward Looking Statement
Certain statements in this press release may be considered "forward-looking statements" within the meaning of the "safe harbor"
provisions of the United States Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27a of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking
statements generally relate to future events or Holley's future financial or operating performance. For
example, projections of future sales and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expect", "intend,"
"will", "would", "will continue", "will be", "will likely result", "estimate", "anticipate", "believe", "predict", "project", "strategy,"
"future", "opportunity", "plan", or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause
actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Holley and its management, are
inherently uncertain factors that may cause actual results to differ materially from current expectations include, but are not limited to: 1) the outcome of any legal proceedings that may be instituted against Holley or others following the closing
of the business combination; 2) the ability to meet the NYSE's listing standards following the consummation of the business combination; 3) the risk that the business combination disrupts current plans and operations of Holley as a result of
consummation of the business combination; 4) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, the ability of the combined company to grow and manage growth profitably,
maintain relationships with customers and suppliers and retain its management and key employees; 5) costs related to the business combination; 6) changes in applicable laws or regulations; 7) the possibility that Holley may be adversely affected by
other economic, business and/or competitive factors; and 8) other risks and uncertainties set forth in the section entitled "Risk Factors" and "Forward-Looking Statements; Market, Ranking and Other Industry Data" in
Empower's Registration Statement on Form
S-4
filed with the U.S. Securities and Exchange Commission ("SEC"), and other documents of Empower filed, or of Holley, to be filed, with the SEC.
Although Holley believes the expectations reflected in the forward-looking statements are reasonable, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be
achieved or that any of the contemplated results of such forward looking statements will be achieved. There may be additional risks that Holley presently does not know or that Holley currently believes is immaterial that could also cause actual
results to differ from those contained in the forward-looking statements. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Holley does not undertake any duty to update these
forward-looking statements, except as otherwise required by law.
Contacts
Empower:
Phil Denning / Michael Wolfe
ICR, Inc.
EmpowerPR@icrinc.com
(646)
277-1200
Holley:
Ross Collins / Stephen Poe
Alpha IR Group.
HLLY@alpha-ir.com
(312)
455-2870

text: Holley

text: Empower

text: Holley

text: Holley Inc.

text: Holley

text: Empower Ltd.

text: Empower

text: MidOcean Partners

text: Empower

text: Holley

text: Sentinel Capital Partners

text: Holley

text: Holley

text: Tom Tomlinson

text: Matthew Rubel

text: Empower

text: Holley

text: Holley

text: Tom Tomlinson

text: Holley

text: Holley

text:
Matthew
Rubel

text: Holley

text: Holley

text: Advanced Engine Management, Inc.

text: Holley

text: Holley

text: Matthew Rubel

text: Empower Ltd.

text: Tom Tomlinson

text: Holley

text: Gina Bianchini

text: Owen M. Basham

text: Sentinel Capital Partners

text: James D. Coady

text: Sentinel Capital Partners

text: Holley

text: Holley

text: Holley

text: Holley

text: Holley

text: Empower Ltd.

text: Empower

text: MidOcean Partners

text: Empower

text: Empower

text: Empower

text: Sentinel Capital Partners

text: Holley

text: Holley

text: Holley

text: Holley

text: Holley

text: Empower

text: Empower

text: Holley

text: Holley

text: Holley

text: Holley

text: Holley

text: Empower

text: Holley


text:
EX-99.1
13
ex991prcarriagehouse.htm
EXHIBIT 99.1
SEC Exhibit
EXHIBIT 99.1
18100 Von Karman Avenue
Suite 500
Irvine, CA 92612
949.852.0700
NEWS RELEASE
Contact: Jennifer Franklin
Phone: 949.333.1721
Email: jfranklin@steadfastcmg.com
STEADFAST APARTMENT REIT III, INC.
ACQUIRES FIRST ASSET FOR $7.6 MILLION
IRVINE, Calif., May 23, 2016 - Steadfast Apartment REIT III, Inc. (STAR III) announced today the acquisition of its first community, Carriage House Apartments, a 136-unit complex located in Gurnee-43 miles outside of Chicago-for $7.6 million. In connection with the property acquisition, authorized cash distributions equal to $0.004098 per share of Class A common stock and $0.003366 per share of the Company's Class T common stock will begin being paid.
"We are very pleased to kick off Steadfast Apartment REIT III with the purchase of Carriage House. The community is approximately 98 percent occupied and well-positioned within the market", said Ella Shaw Neyland, president of Steadfast Apartment REIT III. "We intend to target quality, mid-tier assets and seek opportunities to convert good properties into better ones by introducing our extensive institutional resources".
Constructed in 1970 on 8.44 acres, Carriage House comprises 17 two-story buildings with one- and two-bedroom layouts that average 653 square feet. Average in-place rents are $741 per month. Community amenities include a swimming pool with sundeck, pool house with a locker room, picnic area, laundry facilities and additional storage.
STAR III will initiate a moderate value enhancement strategy for all unit interiors, including new appliances, upgraded bathroom and kitchen counters, fresh paint and upgraded flooring. Select improvements to the common areas will include improving the community's curb appeal.
Just minutes off I-94, I-88, I-294 and I-90, Carriage House is in a prime location within Chicago's Lake County submarket, which has become a premier business location for companies such as Abbott Laboratories, AbbVie, Solo Cup Company, HSBC Finance, Swingline and Diners Club International. Additionally, two area schools are in walking distance and residents enjoy easy access to Gurnee Mills, the largest outlet destination in Illinois, Six Flags Great America and other major metro areas.
In general, STAR III believes the Chicago area is well-positioned for long-term success thanks to its talent pool, institutions and infrastructure, and diversified economies generating an annual gross regional product of more than $575 billion.
About Steadfast Apartment REIT III Steadfast Apartment REIT III is sponsored by Steadfast REIT Investments, LLC, an affiliate of Steadfast Companies, an Orange County, Calif.-based group of affiliated real estate investment and operating companies that acquire, develop and manage real estate in the U.S. and Mexico.
This release contains certain forward-looking statements. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements and you should not place undue reliance on any such statements. A number of important factors could cause actual results to differ materially from the forward-looking statements contained in this release. Such factors include those described in the Risk Factors sections of STAR III's prospectus and other reports filed with the Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and the company undertakes no obligation to update any such statements that may become untrue because of subsequent events. Such forward-looking statements are subject to the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY SECURITIES.

text: STEADFAST APARTMENT REIT III, INC.

text: Steadfast Apartment REIT III, Inc.

text: Carriage House Apartments

text: Ella Shaw Neyland


text:
EX-99.1
2
ex991.htm
PRESS RELEASE
ex991.htm
EXHIBIT 99.1
NEWS RELEASE
JDSU Completes Acquisition
of American Bank Note Holographics, Inc.
Milpitas, California, February 13,
2008
- JDSU today announced that it has completed the acquisition of
American Bank Note Holographics, Inc. ("ABNH"), a market leader in the
origination, production and marketing of holograms for security applications and
the leading supplier of optical security devices for the transaction card
market. ABNH will be integrated into JDSU's Advanced Optical
Technologies segment.
"With the
completion of the acquisition of ABNH, our combined customers in the
fast-growing brand security market now have the benefit of an expanded set of
overt and covert authentication options", said Roy Bie, senior vice president
and general manager of JDSU's Advanced Optical Technologies business
segment.
As a
result of the acquisition, each share of ABNH common stock has been converted
into the right to receive 0.4479 shares of JDSU common stock and $1.00 of
cash.
About
JDSU
JDSU
(NASDAQ: JDSU; and TSX: JDU) enables broadband and optical innovation in the
communications, commercial and consumer markets. JDSU is a leading provider of
communications test and measurement solutions and optical products for
telecommunications service providers, cable operators, and network equipment
manufacturers. JDSU is also a leading provider of innovative optical
solutions for medical/environmental instrumentation, semiconductor processing,
display, brand authentication, aerospace and defense, and decorative
applications. More information is available at
www.jdsu.com
.
The
statements contained in this press release that are not purely historical are
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Act of 1934. Such forward-looking
statements include, but are not limited to any statement or implication that the
brand security market will grow, or grow at the rate predicted by third parties
or that ABNH's operations, sales channels and business will be successfully
integrated into JDSU. Such forward-looking statements involve risks and
uncertainties that, if realized, could materially impair the Company's results
of operations, business, and financial condition. These risks and uncertainties
include the following, among other things: (a) our current visibility as
to customer demand levels, future market growth and the timing, extent,
location, requirements and nature of the authentication and security market, is
limited; and (b) the products may not (i) perform as expected without
material defects, (ii) be manufactured at acceptable volumes, yields, and cost,
(iii) be qualified and accepted by our customers, and (iv) successfully
compete with products offered by our competitors, and (d) factors discussed from
time to time in reports filed by the Company with the Securities and Exchange
Commission. The forward-looking statements contained in this news release are
made as of the date hereof, and the Company does not assume any obligation to
update or qualify any of the statements made herein. Source: JDS Uniphase
Corporation.
Contact
Information
Investors:
Michelle
Levine, 408-546-4421 or
michelle.levine@jdsu.com
Press:
Kathleen
Greene, 408-546-5852 or
kathleen.greene@jdsu.com

text: JDSU

text: American Bank Note Holographics, Inc.

text: JDSU

text: American Bank Note Holographics, Inc.

text: ABNH

text: ABNH

text: JDSU

text: ABNH

text: JDSU

text: ABNH

text: JDSU

text: JDSU

text: JDSU

text: JDSU

text: JDSU

text: JDSU

text: ABNH

text: JDSU


text:
EX-99.1
3
b407758_ex991.htm
PRESS RELEASE
Prepared and filed by St Ives Financial
Exhibit 99.1
CONTACT: FELDMAN MALL PROPERTIES,
INC.
Larry Feldman
Chairman & Chief Executive Officer
-or-
Thomas E. Wirth
Executive Vice President, Chief Financial Officer
(516) 684 -1239
1010 Northern Blvd, Suite 314
Great Neck, NY 11021
FELDMAN MALL PROPERTIES, INC. ACQUIRES
NORTHGATE MALL IN CINCINNATI, OHIO
GREAT NECK, N.Y.-(BUSINESS WIRE)-July 12, 2005-Feldman Mall Properties, Inc. (NYSE:FMP), a real estate investment trust focused on the renovation and repositioning of enclosed regional shopping malls, today announced the acquisition of the Northgate Mall, a 1.1 million square foot mall located in the northwest suburbs of Cincinnati, Ohio for $110.0 million.
The purchase price of $110.0 million includes the assumption of the existing mortgage loan in the approximate amount of $79.6 million plus cash in the amount of approximately $30.4 million.
Northgate Mall, located in Colerain Township, is a super-regional enclosed mall featuring anchor tenants Macy's, Dillard's, Sears and JC Penney. Of the 1.1 million total square feet, approximately 577,000 square feet including the Macy's building are being purchased, with the remaining square footage belonging to the three other anchor tenants. Excluding anchor tenants and excluding temporary tenants, the shop occupancy is 78%. Including temporary tenants the shop occupancy is 90%. Overall occupancy at Northgate is 93% including anchor tenants.
Financing for the equity portion of the acquisition was funded with proceeds from a six-month first mortgage loan financing collateralized by Colonie Center.
With the completion of this transaction, the Company's portfolio, including non-owned anchor tenants, consists of six regional malls aggregating approximately 6.2 million square feet.
To receive the Company's latest news releases and other corporate documents, please contact the Company at (516) 684-1239. All releases and supplemental data can also be downloaded directly from the Feldman Mall Properties website at: www.FeldmanMall.com.
About Feldman Mall Properties, Inc.
Feldman Mall Properties, Inc. acquires, renovates and repositions enclosed retail shopping malls. Feldman Mall Properties Inc.'s investment strategy is to opportunistically acquire underperforming malls and transform them into physically attractive and profitable Class A or near Class A malls through comprehensive renovation and re-tenanting efforts aimed at increasing shopper traffic and tenant sales.
Forward-looking Information:
This press release contains forward-looking statements that involve risks and uncertainties regarding various matters, including without limitation the success of our business strategy, including our acquisition, renovation and repositioning plans; our ability to close pending acquisitions and the timing of those acquisitions; our ability to obtain required financing; our understanding of our competition; market trends; our ability to implement our repositioning plans on time and within our budgets; projected capital and renovation expenditures; demand for shop space and the success of our lease-up plans; availability and creditworthiness of current and prospective tenants; and lease rates and terms. The forward-looking statements are based on
our assumptions and current expectations of future performance. These assumptions and expectations may be inaccurate or may change as a result of many possible events or factors, not all of which are known to us. If there is any inaccuracy or change, actual results may vary materially from our forward-looking statements.
CONTACT: Feldman Mall Properties, Inc. Larry Feldman or Thomas E. Wirth, 516-684 -1239
SOURCE: Feldman Mall Properties, Inc.

text:
FELDMAN MALL PROPERTIES,
INC.

text: Larry Feldman

text: FELDMAN MALL PROPERTIES, INC.

text: NORTHGATE MALL

text: Feldman Mall Properties, Inc.

text: Northgate Mall

text: Northgate Mall

text: Feldman Mall Properties, Inc.

text: Feldman Mall Properties, Inc.

text: Feldman Mall Properties, Inc.

text: Larry Feldman

text: Feldman Mall Properties, Inc.


text:
EX-99.2
3
cognexnewsrelease.htm
EXHIBIT 99.2
Cognexnewsrelease
FOR IMMEDIATE RELEASE
INVESTOR CONTACT:
MEDIA CONTACT:
Susan Conway
Sarah Laskowski
Senior Director of Investor Relations
Corporate Communications Manager
Cognex Corporation
Cognex Corporation
Phone: (508) 650-3353
Phone: (508) 650-3347
Email: susan.conway@cognex.com
Email: sarah.laskowski@cognex.com
COGNEX COMPLETES THE SALE OF ITS
SURFACE INSPECTION SYSTEMS DIVISION
NATICK, MA, July 7, 2015 - Cognex Corporation (NASDAQ: CGNX) today announced that it has completed the sale of its Surface Inspection Systems Division (SISD) to AMETEK, Inc. (NYSE: AME) on July 6, 2015 for $160 million in cash, subject to customary working capital and other purchase price adjustments. Cognex expects to report a pre-tax gain from the transaction of approximately $125 million in Q3 2015, and to report the financial results of SISD for Q2 2015, which ended on July 5th, as a discontinued operation. Cognex plans to discuss the sale of SISD in its upcoming quarterly earnings conference call described below.
Analyst Conference Call and Simultaneous Webcast
Cognex will host a conference call on Monday, August 3, 2015 at 5:00 p.m. Eastern Time (ET). The telephone number is (866) 256-9239 (or (703) 639-1213 if outside the United States). A replay will begin that night at 8:00 p.m. ET and will run continuously until 11:59 p.m. ET on Thursday, August 6, 2015. The telephone number for the replay is (888) 266-2081 (or (703) 925-2533 if outside the United States). The access code for both the live call and the replay is 1657881.
Internet users can listen to a real-time audio broadcast of the conference call or an archived recording on the Cognex Investor Relations website: http://www.cognex.com/Investor.
(more)
Cognex Completes Sale of its Surface Inspection Systems Division, Page 2
About Cognex Corporation
Cognex Corporation designs, develops, manufactures and markets a range of products that incorporate sophisticated machine vision technology that gives them the ability to "see." Cognex products include barcode readers, machine vision sensors and machine vision systems that are used in factories, warehouses and distribution centers around the world to guide, gauge, inspect, identify and assure the quality of items during the manufacturing and distribution process. Cognex is the world's leader in the machine vision industry, having shipped more than 1 million vision-based products, representing over $4 billion in cumulative revenue, since the company's founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has regional offices and distributors located throughout the Americas, Europe and Asia. For details visit Cognex online at http://www.cognex.com.
Certain statements made in this news release, which do not relate solely to historical matters, are forward-looking statements. These statements can be identified by use of the words "expects", "anticipates", "estimates", "believes", "projects", "intends", "plans", "will", "may", "shall", "could", "should", and similar words and other statements of a similar sense. These forward-looking statements, which include statements regarding business and market trends, future financial performance, expected areas of growth and strategic plans, involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include: (1) the loss of a large customer; (2) current and future conditions in the global economy; (3) the reliance on revenue from the consumer electronics or automotive industries; (4) the inability to penetrate new markets; (5) the cyclicality of the semiconductor and electronics industries; (6) the inability to achieve significant international revenue; (7) fluctuations in foreign currency exchange rates and the use of derivative instruments; (8) the inability to attract and retain skilled employees; (9) the reliance upon key suppliers to manufacture and deliver critical components for our products; (10) the failure to effectively manage product transitions or accurately forecast customer demand; (11) the inability to design and manufacture high-quality products; (12) the technological obsolescence of current products and the inability to develop new products; (13) the failure to properly manage the distribution of products and services; (14) the inability to protect our proprietary technology and intellectual property; (15) our involvement in time-consuming and costly litigation; (16) the impact of competitive pressures; (17) the challenges in integrating and achieving expected results from acquired businesses; (18) potential impairment charges with respect to our investments or for acquired intangible assets or goodwill; (19) exposure to additional tax liabilities; (20) information security breaches or business system disruptions; and (21) the other risks detailed in Cognex reports filed with the SEC, including its Form 10-K for the fiscal year ended December 31, 2014. You should not place undue reliance upon any such forward-looking statements, which speak only as of the date made. Cognex disclaims any obligation to update forward-looking statements after the date of such statements.
###

text: Cognex Corporation

text: Cognex Corporation

text: COGNEX

text: Cognex Corporation

text: AMETEK, Inc.

text: Cognex

text: Cognex

text: Cognex

text: Cognex

text: Cognex

text: Cognex Corporation

text: Cognex Corporation

text: Cognex

text: Cognex

text: Cognex

text: Cognex

text: Cognex

text: Cognex