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Franklin Templeton Announces Distribution Rates for Putnam Closed-End Funds
BOSTON--(BUSINESS WIRE)--The Trustees of The Putnam Funds have declared the following distributions. EX RECORD PAYMENT FUND NAME AND DISTRIBUTIONS* DATE DATE DATE Putnam Master Intermediate Income Trust (NYSE:PIM) (CUSIP: 746909-10-0) $0.0220 per share 6/16/25 6/16/25 6/30/25 Putnam Managed Municipal Income Trust (NYSE:PMM) (CUSIP: 746823-10-3) $0.0265 per share 6/16/25 6/16/25 6/30/25 Putnam Municipal Opportunities Trust (NYSE:PMO) (CUSIP: 746922-10-3) $0.0393 per share 6/1
The Change Company Secures $94 Million Judgement
ANAHEIM, Calif.--(BUSINESS WIRE)-- #africanamerican--The Change Company CDFI, LLC (“The Change Company”) announced today that it was awarded judgment from a state court in New York for over $94 million from Yeti Global Services (“YGS”). Former employee of The Change Company, Adam Levine, formed YGS and is its sole owner. The complaint filed by The Change Company alleged that YGS received documents stolen by Mr. Levine from The Change Company and facilitated Mr. Levine’s scheme to extort The Change Company by plan
Sandisk Announces Pricing of Upsized Secondary Offering of Common Stock
MILPITAS, Calif.--(BUSINESS WIRE)--Sandisk Corporation (Nasdaq: SNDK) (the “Company” or “Sandisk”) announced today the pricing of a secondary public offering (the “Offering”) of 18,534,581 shares of its common stock (the “SNDK Shares”) currently owned by Western Digital Corporation, the Company’s former parent (“WDC”). The size of the offering reflects an increase from the 17,000,000 shares of common stock originally proposed to be sold. The SNDK Shares will be offered at a public offering pric
Strategy Announces Pricing of Initial Public Offering of STRD Stock
TYSONS CORNER, Va.--(BUSINESS WIRE)--Strategy™ (Nasdaq: MSTR/STRK/STRF) today announced the pricing of its initial public offering on June 5, 2025 of 11,764,700 shares of 10.00% Series A Perpetual Stride Preferred Stock (the “STRD Stock”), at a public offering price of $85.00 per share. The issuance and sale of the STRD Stock are scheduled to settle on June 10, 2025, subject to customary closing conditions. Strategy estimates that the net proceeds to it from the offering will be approximately $
Engine Capital Sends Letter to Parkland’s Board of Directors Regarding its Intention to Vote Against the Sunoco Transaction
NEW YORK--(BUSINESS WIRE)--Engine Capital LP today announced that it has sent the following letter to Parkland Corporation’s (TSX: PKI) Board of Directors. *** Dear Members of the Board of Directors (the “Board”): Engine Capital LP (together with its affiliates, “Engine” or “we”) is a long-term shareholder of Parkland Corporation (“Parkland” or the “Company”), currently owning approximately 2.5% of the Company’s outstanding shares. This makes us one of Parkland’s largest owners. We are writing
Best's Review Explores the Growth of the Residual Property Market
OLDWICK, N.J.--(BUSINESS WIRE)--The June issue of Best’s Review examines how the impact of climate risk and severe weather events has reshaped the insurance industry, even causing homeowners to turn to the so-called insurers of last resort, FAIR Plans: “The Last Resort: As Private Insurers Exit High-Risk Areas, FAIR Plans Find Competitive Foothold” reports how homeowners are turning to the residual market because of the decline in availability of coverage, even though FAIR Plan policies may cos
Shift4 Further Extends Previously Announced Tender Offer to Acquire Global Blue
CENTER VALLEY, Pa.--(BUSINESS WIRE)---- $FOUR--Shift4 Payments, Inc. (“Shift4”) (NYSE: FOUR), announced today that it is further extending its previously announced all-cash tender offer through its indirect wholly owned subsidiary, GT Holding 1 GmbH, a Swiss limited liability company (“Merger Sub”), to purchase all of the outstanding shares of Global Blue Group Holding AG (“Global Blue”) (NYSE: GB) pursuant to the previously announced transaction agreement, dated as of February 16, 2025 between Global Bl
Allvue Systems Announces White Oak Management S.A. Is Live on Fund Administration Essentials Platform
NEW YORK--(BUSINESS WIRE)--Allvue Systems, a leading provider of cloud-based technology for investment managers and fund administrators, today announced that Luxembourg-based White Oak Management S.A. has officially gone live on Allvue’s Fund Administration platform. White Oak Management selected Allvue to power its fund administration offering, enabling the firm to deliver streamlined operations, automated workflows, and superior reporting capabilities to its customers. As White Oak Management
Fiserv to Acquire AIB Merchant Services
MILWAUKEE & DUBLIN--(BUSINESS WIRE)--Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, announced today that it has agreed to acquire the remaining 49.9% of AIB Merchant Services (AIBMS), its joint venture with AIB Group, in a transaction focused on driving continued growth in Ireland and the broader European market. Founded in 2007, AIBMS is one of Ireland’s largest payment solution providers and one of Europe’s largest e-commerce acquirers. AIBMS
JETRO and CIC to Showcase Promising Japanese Biotech Startups at "Japan Innovation Night" during BIO International Convention 2025 in Boston
BOSTON--(BUSINESS WIRE)-- #accelerator--The Japan External Trade Organization (JETRO) and CIC Japan Desk will once again host "Japan Innovation Night: Best in Biotech" - a groundbreaking event showcasing the latest advancements in biotechnology from Japanese startups. This exclusive gathering will take place on Wednesday, June 18th, 2025, from 5:30pm to 8pm in Venture Café at CIC Cambridge. This event provides a unique opportunity for U.S. venture capital firms and pharmaceutical companies, particularly those
NORDAM Completes Comprehensive Debt Refinancing
TULSA, Okla.--(BUSINESS WIRE)--The NORDAM Group LLC (“NORDAM” or the “Company”) announced it repaid the remaining outstanding principal amount of its Term Loan B issued on 9 April 2019. The instrument was refinanced by the issuance of a new $225mm private credit term loan, due 2031. The new term loan was provided by a group of lenders led by Crestline Investors, Inc. with Crestline Direct Finance, L.P. serving as the Administrative Agent. JPMorgan Chase Bank, N.A. and Huntington Business Credit
Acrisure Announces Pricing of Notes Offering
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--Acrisure, LLC (the “Company”) and Acrisure Finance, Inc. (together with the Company, the “Issuers”) announced today the pricing of $550,000,000 aggregate principal amount of 6.750% secured senior notes due 2032 (the “notes”). The Issuers intend to use a portion of the net proceeds from the notes offering, together with the proceeds from a new tranche of refinancing term loans in an aggregate principal amount of approximately $1,343,000,000, the proceeds fro
First Interstate BancSystem, Inc. Announces Pricing of Subordinated Notes Offering
BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) (the “Company”) today announced the pricing of its public offering of $125 million aggregate principal amount of 7.625% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “Notes”). The price to the public for the Notes was 100% of the principal amount of the Notes. Interest on the Notes will accrue at a rate equal to (i) 7.625% per annum from the original issue date to, but excluding, June 15, 2030, payable
DMRC INVESTOR ALERT: Kirby McInerney LLP Notifies Digimarc Corporation Investors of Upcoming Lead Plaintiff Deadline in Class Action Lawsuit
NEW YORK--(BUSINESS WIRE)---- $DMRC #CLASSACTIONLAWSUIT--The law firm of Kirby McInerney LLP reminds investors of the July 8, 2025, deadline to seek the role of lead plaintiff in a federal securities class action filed on behalf of investors who acquired Digimarc Corporation (“Digimarc” or the “Company”) (NASDAQ:DMRC) securities during the period from May 3, 2024, through February 26, 2025 (“the Class Period”). [LEARN MORE ABOUT THE CLASS ACTION] On February 26, 2025, Digimarc announced its financial results for the fourth
FLOWSERVE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Flowserve Corporation - FLS
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Flowserve Corporation (NYSE: FLS) and Chart Industries, Inc. (NYSE: GTLS). Upon closing of the proposed transaction, Flowserve shareholders will own approximately 46.5% of the combined company, on a fully diluted basis. KSF is seeking to determine whether the merger and the process that led to it
RECKITT BENCKISER SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Reckitt Benckiser Group PLC - RBGLY
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 4, 2025 to file lead plaintiff applications in a securities class action lawsuit against Reckitt Benckiser Group PLC (“Reckitt” or the “Company”) (OTC: RBGLY), if they purchased the Company’s American Depositary Shares (“ADSs”) between January 13, 2021 and July 28, 2024, inclusive (the “Class Period”
SITIO ROYALTIES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Sitio Royalties Corp. - STR
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Sitio Royalties Corp. (NYSE: STR) to Viper Energy, Inc. (NasdaqGS: VNOM). Under the terms of the proposed transaction, the consideration will consist of 0.4855 shares of Class A common stock of a new holding company (“pro forma Viper”) for each share of Sitio Class A common stock, 0.4855 units
PVBC Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Provident Bancorp, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Provident Bancorp, Inc. (NASDAQ: PVBC) to NB Bancorp, Inc. is fair to Provident shareholders. Under the terms of the proposed transaction, Provident shareholders will receive for each share of Provident common stock, at the holder’s election, either (i) 0.691 shares of NB Bancorp common stock or (ii) $13.00 in cash. Halper Sadeh encourages Provident shareholders to click here to learn
Hilgers Graben and Two Partners Earn Prestigious Chambers USA Honors
LINCOLN, Neb.--(BUSINESS WIRE)--National commercial litigation and discovery counsel law firm Hilgers Graben is pleased to announce that the firm and two of its partners have earned recognition from Chambers USA, a guide published by Chambers & Partners that identifies and ranks the best legal talent globally. For the first time, the firm earned a nod for its litigation practice in Dallas/Fort Worth. Firm partner Scott Mascianica again earned recognition for white-collar crime and governmen
Jury Awards $9.45 Million to Man Injured at Dallas’ Hotel Crescent Court
DALLAS--(BUSINESS WIRE)--A Dallas County jury has awarded $9.45 million to a man who suffered a serious fall at Hotel Crescent Court in Dallas’ Uptown district. The verdict comes after a week-long trial in the 162nd Judicial District Court, where jurors heard evidence that the hotel failed to secure or warn guests about a dangerous condition in its courtyard that led to a guest’s fall. “Hotel operators failed to provide minimum lighting required by building codes and failed to take basic steps