CRA International, Inc. ( NASDAQ:CRAI – Get Free Report )’s stock price reached a new 52-week high on Thursday . The company traded as high as $216.88 and last traded at $216.88, with a volume of 765 shares traded. The stock had previously closed at $192.62. Analyst Ratings Changes A number of research analysts recently issued reports on CRAI shares. Barrington Research lifted their price target on shares of CRA International from $194.00 to $212.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. StockNews.com downgraded shares of CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. View Our Latest Stock Analysis on CRA International CRA International Stock Up 2.4 % CRA International ( NASDAQ:CRAI – Get Free Report ) last announced its quarterly earnings data on Thursday, October 31st. The business services provider reported $1.77 EPS for the quarter, beating the consensus estimate of $1.58 by $0.19. The company had revenue of $167.75 million for the quarter, compared to the consensus estimate of $166.83 million. CRA International had a net margin of 6.41% and a return on equity of 24.46%. During the same period in the prior year, the firm posted $1.13 EPS. As a group, equities analysts expect that CRA International, Inc. will post 7.08 earnings per share for the current fiscal year. CRA International Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, November 26th will be given a dividend of $0.49 per share. The ex-dividend date is Tuesday, November 26th. This represents a $1.96 annualized dividend and a dividend yield of 1.01%. This is an increase from CRA International’s previous quarterly dividend of $0.42. CRA International’s dividend payout ratio (DPR) is 27.18%. Insider Activity at CRA International In other news, CEO Paul A. Maleh sold 7,500 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $191.55, for a total transaction of $1,436,625.00. Following the transaction, the chief executive officer now directly owns 151,712 shares of the company’s stock, valued at $29,060,433.60. This represents a 4.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website . 5.20% of the stock is currently owned by insiders. Hedge Funds Weigh In On CRA International Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in CRA International in the 1st quarter worth approximately $115,000. Quantbot Technologies LP bought a new stake in shares of CRA International during the 3rd quarter valued at about $164,000. Marshall Wace LLP purchased a new stake in shares of CRA International during the 2nd quarter valued at about $221,000. Arkadios Wealth Advisors lifted its stake in shares of CRA International by 2.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 3,000 shares of the business services provider’s stock worth $517,000 after purchasing an additional 74 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of CRA International by 12.1% in the second quarter. Harbor Capital Advisors Inc. now owns 3,009 shares of the business services provider’s stock worth $518,000 after buying an additional 324 shares during the last quarter. Institutional investors own 84.13% of the company’s stock. About CRA International ( Get Free Report ) CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues. See Also Receive News & Ratings for CRA International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CRA International and related companies with MarketBeat.com's FREE daily email newsletter .Shohei Ohtani to become a father for the 1st time in 2025 LOS ANGELES (AP) — Shohei Ohtani is adding a newcomer to his family lineup. The 30-year-old Los Angeles Dodgers superstar posted on his Instagram account Saturday that he and his 28-year-old wife, Mamiko Tanaka, are expecting a baby in 2025. Beth Harris, The Associated Press Dec 28, 2024 2:15 PM Dec 28, 2024 2:20 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE - Los Angeles Dodgers' Shohei Ohtani celebrates as he heads to first for a solo home run during the ninth inning of a baseball game against the Colorado Rockies, Sunday, Sept. 22, 2024, in Los Angeles. (AP Photo/Mark J. Terrill, File) LOS ANGELES (AP) — Shohei Ohtani is adding a newcomer to his family lineup. The 30-year-old Los Angeles Dodgers superstar posted on his Instagram account Saturday that he and his 28-year-old wife, Mamiko Tanaka, are expecting a baby in 2025. “Can't wait for the little rookie to join our family soon!” it said. The photo showed the couple's beloved dog, Decoy, as well as a pink ruffled onesie along with baby shoes and a sonogram that was covered by a baby emoji. Ohtani, recently named The Associated Press Male Athlete of the Year for the third time, announced in February that he had married Tanaka, a former professional basketball player from his native Japan. The news from the intensely private player stunned Ohtani's teammates and his fans. ___ AP MLB: https://apnews.com/hub/mlb Beth Harris, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up More Baseball Red Sox sign Dodgers World Series clincher Walker Buehler to one-year deal Dec 28, 2024 10:34 AM Dodgers set to re-sign outfielder Teoscar Hernández for $66 million over 3 years, AP source says Dec 28, 2024 1:01 AM Corbin Burnes and Arizona Diamondbacks agree to $210 million, 6-year deal, AP source says Dec 27, 2024 11:37 PMWest Palm Beach (FL), Dec 1 (AP) President-elect Donald Trump on Saturday threatened 100 per cent tariffs against a bloc of nine nations if they act to undermine the US dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates. Also Read | Bangladesh: ISKCON Claims Arrest of 2 More Monks, Ranganath Das Brahmachari and Chinmoy Krishna Das' Assistant Adipurush Shyamdas Without Warrant Amid Row. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. While the US dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America's dominance of the global financial system. Also Read | Gautam Adani Breaks Silence on US Fraud Charges, Says 'Every Attack Makes Us Stronger, Every Obstacle Becomes Stepping Stone for More Resilient Adani Group'. The dollar represents roughly 58 per cent of the world's foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. The dollar's dominance is threatened, however, with BRICS' growing share of GDP and the alliance's intent to trade in non-dollar currencies — a process known as de-dollarisation. Trump, in a Truth Social post, said: "We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy." At a summit of BRIC nations in October, Russian President Vladimir Putin accused the US of "weaponising" the dollar and described it as a "big mistake." "It's not us who refuse to use the dollar," Putin said at the time. "But if they don't let us work, what can we do? We are forced to search for alternatives." Russia has specifically pushed for the creation of a new payment system that would offer an alternative to the global bank messaging network, SWIFT, and allow Moscow to dodge Western sanctions and trade with partners. Trump said there is "no chance" BRICS will replace the US dollar in global trade and any country that tries to make that happen "should wave goodbye to America." Research shows that the US dollar's role as the primary global reserve currency is not threatened in the near future. An Atlantic Council model that assesses the dollar's place as the primary global reserve currency states the dollar is "secure in the near and medium term" and continues to dominate other currencies. Trump's latest tariff threat comes after he threatened to slap 25 per cent tariffs on everything imported from Mexico and Canada, and an additional 10 per cent tax on goods from China, as a way to force the countries to do more to halt the flow of illegal immigration and drugs into the US. He has since held a call with Mexican President Claudia Sheinbaum, who said Thursday she is confident that a tariff war with the United States can be averted. Canadian Prime Minister Justin Trudeau returned home Saturday after meeting Trump, without assurances the president-elect will back away from threatened tariffs on Canada. (AP) (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)Ex-Raiders great makes final cut for Pro Football Hall of Fame
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The US dollar has surged since Trump's election win, impacting consumers and their investments. A stronger dollar boosts consumers' purchasing power and can even help lower inflation, but it hurts US exports. S&P 500 firms face profit headwinds due to currency conversion challenges, which could ding stock prices. The dollar has soared since Donald Trump's election win earlier this month, and a stronger US currency can have a big impact on consumers' wallets. The dollar index, which measures the US dollar against a basket of currencies, has surged as much as 5% since Trump's win and is up as much as 8% since October 1, trading at its highest level in two years. The dollar has gained on expectations for Trump's policies to potentially stoke inflation, which would force the Federal Reserve to keep interest rates elevated to counteract higher prices. Higher rates spur greater demand for dollars from overseas investors, who invest them into higher-yielding US assets like Treasurys and other debt securities. Higher interest rates also lower the overall supply of dollars in the system by discouraging borrowing. Here's how a stronger US dollar can impact consumers. Consider a foreign vacation A stronger US dollar ultimately means that your greenbacks have more purchasing power when paying for goods and services priced in other currencies. This is especially felt when traveling abroad and dealing with exchange rates. A stronger dollar means that when you convert money into pesos, euros, or yen, you ultimately receive more of the foreign currency than you would under a weak dollar regime. "A stronger dollar may help you feel like a free-spending prince with a hefty traveling budget while on an overseas vacation as the value of your dollar will go a lot further when converted to local currency, allowing you to enjoy upgrades to your lodging, food, entertainment, and excursions," Sam Stovall, chief investment strategist at CFRA Research told BI. Get more 'bang for your buck' buying foreign goods You don't even need to leave the country to benefit from a stronger dollar. According to Rob Haworth, senior investment strategist at US Bank Wealth Management, foreign goods bought with a stronger dollar are typically "less costly given the rising purchasing power." It is even possible that a stronger dollar could help lower domestic inflation, at least in the short term. "In the near term, US dollar strength is pressing down on inflation and commodity prices in particular," Haworth told BI. "The stronger US dollar makes dollar-priced commodities more expensive for foreign buyers, hurting demand." And lower demand ultimately means lower prices if supply is steady. The price of a barrel of WTI crude oil is down 13% since it peaked at about $78 in early October. Other commodities like gasoline, copper, and soybeans, all key inputs for various goods, have moved lower since the dollar surge. Foreign companies that export their goods to the US also have room to lower their prices, which could ultimately result in lower costs for consumers. "With a strengthening dollar those countries experiencing a weaker local currency versus the USD will have a competitive advantage exporting to the US. We can buy their products for less than before solely due to the USD appreciation," Arthur Laffer Jr., president at Laffer Tengler Investments, told BI. Stovall echoed those comments, saying consumers should "get more bang for your buck" when purchasing everyday items made overseas. A strong dollar might not be great news for your investment portfolio While a strong US dollar could be a boon for consumers' wallets when traveling abroad or buying foreign goods, it could be detrimental to investment returns. That's especially true for US-based companies that generate revenues overseas. Multinational companies sell their goods or services overseas in the country's local currency and then convert those profits into US dollars when reporting earnings. But if the dollar is strong and the local currency is weak, then they'll ultimately see weaker profits when converting the foreign currency into dollars — and lower profitability will weigh on stock prices. It can be especially painful for US companies that produce their goods in America and then ship them overseas, as they likely have to pay for their input costs with a strong US dollar, sell them overseas in the weaker local currency, and then convert that currency back to dollars. "Because the USD is getting stronger, US exports to those countries will be more expensive on a relative basis than before the currency appreciation of the USD," Laffer Jr. explained. According to Stovall, about 40% of revenues from S&P 500 companies come from overseas operations. "As a result, the higher dollar will likely result in lower profits from overseas operations, depressing the company's overall earnings," Stovall said. Lower profits could negatively impact the economy if the strong dollar move is sustained and economic growth doesn't make up for the shortfall. "In the long run, this could result in an economic slowdown, which may jeopardize one's job at a company with many overseas clients. As a result, the change in the value of the US dollar is typically a double-edged sword, helping your wallet in one way while adversely affecting your portfolio and livelihood in another," Stovall said. While the dollar is higher since the election, it is still well below its 2022 peak of nearly $115 and 2001 peak of about $120.
‘Can’t Be Much’: Donald Trump Jr. Floats Buying MSNBC to Elon MuskXRAY LEGAL UPDATE: A Lawsuit has been Filed Against Dentsply Sirona Inc. for Securities Fraud - Contact BFA Law before Court Deadline (NASDAQ:XRAY)
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Atria Investments Inc lowered its position in shares of Hancock Whitney Co. ( NASDAQ:HWC – Free Report ) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,147 shares of the company’s stock after selling 427 shares during the quarter. Atria Investments Inc’s holdings in Hancock Whitney were worth $315,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also added to or reduced their stakes in HWC. AlphaMark Advisors LLC boosted its position in shares of Hancock Whitney by 5.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 6,622 shares of the company’s stock worth $317,000 after purchasing an additional 356 shares in the last quarter. Blue Trust Inc. boosted its holdings in Hancock Whitney by 19.1% in the third quarter. Blue Trust Inc. now owns 2,971 shares of the company’s stock worth $142,000 after acquiring an additional 476 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Hancock Whitney by 5.5% in the second quarter. SG Americas Securities LLC now owns 10,865 shares of the company’s stock worth $520,000 after acquiring an additional 568 shares in the last quarter. Trust Point Inc. increased its holdings in shares of Hancock Whitney by 10.6% during the third quarter. Trust Point Inc. now owns 6,005 shares of the company’s stock valued at $307,000 after acquiring an additional 577 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Hancock Whitney by 3.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,147 shares of the company’s stock worth $868,000 after purchasing an additional 618 shares during the last quarter. Hedge funds and other institutional investors own 81.22% of the company’s stock. Insider Transactions at Hancock Whitney In related news, CEO John M. Hairston sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $59.44, for a total value of $1,069,920.00. Following the transaction, the chief executive officer now owns 254,026 shares of the company’s stock, valued at approximately $15,099,305.44. This trade represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link . Also, CFO Michael M. Achary sold 8,431 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $52.55, for a total transaction of $443,049.05. Following the sale, the chief financial officer now owns 54,380 shares of the company’s stock, valued at $2,857,669. This trade represents a 13.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold a total of 27,994 shares of company stock worth $1,593,710 in the last ninety days. Insiders own 1.10% of the company’s stock. Analysts Set New Price Targets Check Out Our Latest Research Report on Hancock Whitney Hancock Whitney Price Performance HWC opened at $59.97 on Friday. The company’s 50-day simple moving average is $53.39 and its two-hundred day simple moving average is $50.48. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.81 and a current ratio of 0.82. The stock has a market capitalization of $5.16 billion, a P/E ratio of 13.45 and a beta of 1.25. Hancock Whitney Co. has a 52-week low of $39.38 and a 52-week high of $61.41. Hancock Whitney ( NASDAQ:HWC – Get Free Report ) last issued its quarterly earnings data on Tuesday, October 15th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.02. Hancock Whitney had a net margin of 19.30% and a return on equity of 11.47%. The company had revenue of $525.37 million for the quarter, compared to the consensus estimate of $363.54 million. During the same quarter in the prior year, the firm earned $1.12 earnings per share. As a group, analysts predict that Hancock Whitney Co. will post 5.19 EPS for the current year. Hancock Whitney Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.67%. Hancock Whitney’s dividend payout ratio (DPR) is currently 35.87%. About Hancock Whitney ( Free Report ) Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It offers various transaction and savings deposit products consisting of brokered deposits, time deposits, and money market accounts; treasury management services, secured and unsecured loan products including revolving credit facilities, and letters of credit and similar financial guarantees; and trust and investment management services to retirement plans, corporations, and individuals, and investment advisory and brokerage products. See Also Want to see what other hedge funds are holding HWC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hancock Whitney Co. ( NASDAQ:HWC – Free Report ). Receive News & Ratings for Hancock Whitney Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hancock Whitney and related companies with MarketBeat.com's FREE daily email newsletter .In a sigh of relief to local film communities, Louisiana will not eliminate its tax credit for filming after the state’s Congress voted to lower the current cap instead of eliminate it. The state will now allot just $125 million in tax credits to film and TV production, down $25 million from its prior level of $150 million. The Senate nearly unanimously voted to lower the cap on Friday, November 22 ahead of the current session of Congress ending next week, and the House, which had previously voted to eliminate the tax-credit program entirely , approved the new bill in a wide margin. Landry had initially called for the film tax credit to be eliminated completely as part of sweeping tax reform in the state, but tax reforms will now move forward with the filming credit still intact. Had the tax credit been eliminated, it would’ve been sunsetted by June 30. It would have been a blow to the local film hub in Louisiana, the first state in the country to set up a tax credit for film production back in 1992. Speaking with IndieWire after the vote, Film Louisiana president Jason Waggenspack said the “film industry did their part” and were willing to reduce the budget to help the state’s other economic goals but continue to support the 10,000 jobs the film industry brings to the state. “We went to the table and gave up a little bit of money to allow for them to figure out their budget woes,” Waggenspack said. “But we do feel that we can significantly increase, if not improve, this program once we start to see more bigger business coming to Louisiana.” Waggenspack said the benefits the film industry provides speak for themselves, and he cited a 2023 economic survey showing that for every $1 offered in tax credits, $6.32 goes back into the local economy. He also said a database of casting information estimated that nearly 90,000 people in Louisiana are registered as background actors and are looking for work in the film industry. “All of those numbers obviously just become a proof-positive in the eyes of legislative bodies. And once they actually get to a film set and see the beehive of activity, it just is a no brainer,” he said. “This small haircut for us to do our part here in the state is going to be helpful politically and obviously economically. But we do feel like we’re still one of the strongest programs in the United States.” Louisiana’s tax credit is far from the level that some other states have established in recent years, and it has basically halved now from its 2013 height of $260 million. California has a $330 million tax credit that Gavin Newsom wants to more than double to $750 million , while Georgia has no cap on its tax incentives and offers $1 billion in incentives each year. Katie Pryor, the executive director of the Baton Rouge Film Commission, told IndieWire the tax credit staying in place was a “relief,” but also acknowledged that Governor Landry was not specifically targeting the film industry but the tax system more broadly. She saw it as a silver lining for other state governments looking to make changes that, even amid all the tax reform, the film tax credit is remaining intact. She also acknowledged that the downturn in production is something that’s happening nationwide , not just on a state level. “Business has been moving out of the country, and so I think it has affected Louisiana, but no more so than it’s affected every other state,” Pryor said. “They’re all feeling it. Georgia would tell you the same thing.” No other changes were made to the structure of the tax credits and how they’re issued. Productions in Louisiana can earn up to a 40 percent rebate on in-state, qualified spend, including a 25 percent base credit.
No. 25 UConn working on climbing back up poll, faces No. 15 BaylorDEERFIELD — On Dec. 1, 1949, WKTV made history as it aired its first broadcast, becoming the 93rd television station in the United States to go on the air. Perched at the top of Smith Hill Road in Deerfield, the station has been a steadfast presence in the Mohawk Valley, bringing news, weather, and entertainment to local viewers for 75 years. WKTV originally was affiliated with all four networks in operation at the time: NBC, ABC, CBS, and DuMont. Its affiliations changed over time, as DuMont ceased operations, ABC became affiliated with the competing local station WUTR, and CBS went to a Syracuse station before joining WKTV again. For 75 years, WKTV has kept its NBC affiliation, becoming one of the oldest stations in the NBC family. While WKTV is best known today for its local news coverage, the station aired a variety of entertainment shows in its early years. Longtime WKTV viewers have fond memories of productions like cooking shows with Jean Phair, “High School Quiz” with Lyle Bosley, and the daily after-school show with Bozo the Clown. Local entertainment productions ended by the 1970s, as the station shifted its focus to local news. Alongside local print media, WKTV joined the ranks to become a staple of local journalism, as the station covered some of the biggest local news stories that affected the community over the past 75 years. Steve McMurray, vice president and general manager of WKTV, noted that the station allowed the community to see the changes as they were happening, and that it’s the “biggest role the station has played and will continue to play as it goes forward.” “We always treat this as the community’s TV station. There’s a level of responsibility that goes with that, to give folks what they need and give them what they deserve. That’s a very humbling and daunting job, but it’s an incredibly rewarding one, as well,” McMurray said. “News isn’t always positive, but we certainly have the community’s best interests at heart.” From Jerry Fiore, to Bill Worden, as well as Jason Powles and Kristen Copeland, the station’s 75 years saw numerous reporters and anchors who became the face of local news across the Mohawk Valley. Outside of the region, WKTV is known for kickstarting the television career of Dick Clark, as the station was his first television job. Then known as Dick Clay, he left WKTV in 1952 for a job in Philadelphia and later became the host of “American Bandstand,” putting Clark in the national spotlight and earning the nickname “world’s oldest teenager.” In an era of emerging and advancing technology, the station has adapted to meet the needs of multiple generations who consume content through different mediums. While most of WKTV’s history involves broadcasting the news to people’s televisions, the station’s newscasts and coverage are also consumed online through livestreaming and social media. “You don’t survive and flourish 75 years by doing the same thing all the time. We have to position ourselves for the future and be able to pivot at a moment’s notice,” McMurray said. “I think for us, the content is always going to be king. The traditional legacy television numbers are still strong, but we have a lot more folks that are now getting us via social media and our digital media options. Now we’re in the streaming world. Our mantra going forward is going to have to be give our viewers and our consumers the product that they want on the platforms that they desire to get it on.” The station’s newscast schedule airs weekdays from 5 to 7 a.m., noon to 1 p.m., 5 to 6 p.m., 6 to 6:30 p.m., 10 to 10:30 p.m., and 11 to 11:35 p.m. The newscast schedule airs on weekends from 9 to 10 a.m., 6 to 6:30 p.m., and 11 to 11:30 p.m.Hope Adebayo, Tak Tateoka help St. Thomas-Minnesota end season with 32-9 victory over Dayton
Thrivent Financial for Lutherans grew its stake in Gaming and Leisure Properties, Inc. ( NASDAQ:GLPI – Free Report ) by 147.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,850 shares of the real estate investment trust’s stock after purchasing an additional 102,858 shares during the period. Thrivent Financial for Lutherans owned approximately 0.06% of Gaming and Leisure Properties worth $8,893,000 at the end of the most recent reporting period. Other large investors have also modified their holdings of the company. Lazard Asset Management LLC raised its holdings in Gaming and Leisure Properties by 5.0% during the first quarter. Lazard Asset Management LLC now owns 239,225 shares of the real estate investment trust’s stock worth $11,020,000 after purchasing an additional 11,387 shares in the last quarter. Magnetar Financial LLC purchased a new position in shares of Gaming and Leisure Properties during the 1st quarter worth approximately $3,040,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Gaming and Leisure Properties by 36.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,910,169 shares of the real estate investment trust’s stock valued at $134,074,000 after buying an additional 781,906 shares during the period. Caxton Associates LP boosted its stake in shares of Gaming and Leisure Properties by 72.5% in the first quarter. Caxton Associates LP now owns 24,282 shares of the real estate investment trust’s stock valued at $1,119,000 after buying an additional 10,209 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in Gaming and Leisure Properties by 4.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 10,286 shares of the real estate investment trust’s stock worth $469,000 after acquiring an additional 470 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock. Insiders Place Their Bets In other Gaming and Leisure Properties news, CFO Desiree A. Burke sold 12,973 shares of Gaming and Leisure Properties stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $52.02, for a total value of $674,855.46. Following the completion of the sale, the chief financial officer now owns 108,073 shares in the company, valued at $5,621,957.46. The trade was a 10.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . Also, Director E Scott Urdang sold 6,885 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $50.16, for a total transaction of $345,351.60. Following the completion of the sale, the director now directly owns 149,800 shares in the company, valued at $7,513,968. This represents a 4.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold a total of 22,858 shares of company stock valued at $1,171,377 in the last quarter. 4.37% of the stock is currently owned by company insiders. Analyst Upgrades and Downgrades Check Out Our Latest Stock Report on GLPI Gaming and Leisure Properties Stock Performance NASDAQ GLPI opened at $50.92 on Friday. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The business has a fifty day moving average of $50.58 and a 200-day moving average of $48.35. The stock has a market cap of $13.97 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 2.16 and a beta of 0.99. Gaming and Leisure Properties ( NASDAQ:GLPI – Get Free Report ) last announced its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The firm had revenue of $385.34 million during the quarter, compared to analyst estimates of $385.09 million. During the same period in the previous year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year. Gaming and Leisure Properties Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a $0.76 dividend. The ex-dividend date was Friday, September 13th. This represents a $3.04 annualized dividend and a yield of 5.97%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 106.29%. About Gaming and Leisure Properties ( Free Report ) GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties. Read More Want to see what other hedge funds are holding GLPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaming and Leisure Properties, Inc. ( NASDAQ:GLPI – Free Report ). Receive News & Ratings for Gaming and Leisure Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaming and Leisure Properties and related companies with MarketBeat.com's FREE daily email newsletter .CIBC Asset Management Inc Buys New Stake in Popular, Inc. (NASDAQ:BPOP)
SINGAPORE , Nov. 30, 2024 /PRNewswire/ -- Amber DWM Holding Limited ("Amber DWM"), the holding entity of Amber Group's digital wealth management business, known as Amber Premium ("Amber Premium"), today announced that it has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with iClick Interactive Asia Group Limited ("iClick" or the "Listco") (NASDAQ: ICLK) and Overlord Merger Sub Ltd. ("Merger Sub"), a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Listco. Under the Merger Agreement, Merger Sub will merge with and into Amber DWM, with Amber DWM continuing as the surviving entity and becoming a wholly-owned subsidiary of the Listco (the "Merger"). Amber DWM's shareholders will exchange all of their issued and outstanding share capital for a mix of newly issued Class A and Class B ordinary shares of the Listco on the terms and conditions set forth therein in a transaction exempt from the registration requirements under the Securities Act of 1933. Wayne Huo , Chief Executive Officer and Director of Amber DWM , said: " We are thrilled to embark on this transformative journey with iClick. This merger represents a significant milestone, bringing together Amber Premium's expertise in digital wealth management and iClick's innovative marketing technology. Together, we aim to redefine the digital financial ecosystem, delivering unparalleled value to our clients and stakeholders. By bridging the worlds of blockchain, fintech and digital marketing, we are unlocking new opportunities to revolutionize how value is created and exchanged in the digital economy ." The transaction values Amber DWM at US$360 million and the Listco at US$40 million by equity value on a fully diluted basis (assuming completion of certain restructuring as set forth in the Merger Agreement). Upon closing of the Merger (the "Closing"), the Amber DWM shareholders and the Listco shareholders (including holders of ADSs) will own approximately 90% and 10%, respectively, of the outstanding shares of the combined company, or 97% and 3% voting power, respectively. The Merger Agreement also contemplates that, upon the Closing, the Listco will change its name to "Amber International Holding Limited" and adopt the tenth amended and restated memorandum and articles of association of the Listco, in each case immediately before the effective time of the Merger (the "Effective Time"), following which the authorized share capital of the Listco shall only consist of Class A ordinary shares and Class B ordinary shares (with different voting powers but equal economic rights), a par value of US$0.001 each. Please refer to the Merger Agreement filed as Exhibit 99.2 to the Form 6-K furnished by the Listco to the SEC on November 29, 2024 for more details. The Listco's board of directors (the "Board") approved the Merger Agreement and other transaction documents, including but not limited to the voting agreement entered into by and among certain shareholders of the Listco (who holds approximately 36% of the outstanding shares representing 71% voting power of the Listco as of the date of this press release), the Listco and Amber DWM (the "Voting Agreement") (collectively, the "Transaction Documents"), and the transactions contemplated thereunder (the "Transactions"), with the assistance of its financial and legal advisors. The Board also resolved to recommend that the Listco's shareholders vote to authorize and approve the Transaction Documents and the Transactions when they are submitted for shareholder approval. In connection with the Transaction, each of the shareholders of Amber DWM immediately prior to the consummation of the Merger is entering into a lock-up agreement with the Listco pursuant to which they have agreed not to transfer the shares received in consideration of the Merger for a period of 12 months following the Merger closing. The completion of the Transactions is subject to the satisfaction of closing conditions set forth in the Merger Agreement, including, among other things, receipt of the Listco's shareholder approval and regulatory/stock exchange approvals (if applicable). The Merger Agreement provides for a long-stop date for any party to terminate the agreement if the Merger is not completed by June 30, 2025 . " This merger represents a transformative opportunity to broaden our business portfolio by integrating Amber Premium's state-of-the-art digital wealth management solutions. By uniting iClick's robust data analytic and enterprise software expertise with Amber Premium's advanced digital wealth management services, we aim to unblock synergies between traditional finance and the rapidly evolving digital asset ecosystem, particularly benefitting corporate and high net worth individual clients ", said Mr. Jian Tang , Chairman, Chief Executive Officer and Co-Founder of iClick . The foregoing description of the Merger Agreement and the Voting Agreement does not purport to be complete and is qualified in its entirety to the full text of the Merger Agreement and the Voting Agreement, which are filed as Exhibits 99.2 and 99.3 to the Form 6-K furnished by the Listco to the SEC on 29, 2024, respectively. Simpson Thacher & Bartlett LLP is serving as U.S. legal counsel to Amber DWM. Cleary Gottlieb Steen & Hamilton LLP is serving as U.S. legal counsel to iClick. About Amber Premium Amber Premium, the business brand behind Amber DWM Holding Limited, is a leading digital wealth management platform offering private banking-level solutions tailored for the dynamic crypto economy. Serving a premium clientele of esteemed institutions and qualified individuals, Amber Premium develops and supports innovative digital wealth management products. Its institutional-grade access and operations makes it the top choice for one-stop digital wealth management services, providing tailored, secure solutions that drive growth in the Web3 economy. About iClick Interactive Asia Group Limited Founded in 2009, iClick Interactive Asia Group Limited (NASDAQ: ICLK) is a renowned online marketing and enterprise solutions provider in Asia . With its leading proprietary technologies, iClick's full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. For more information, please visit https://ir.i-click.com . Safe Harbor Statement This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the pending transactions described herein, and the parties' perspectives and expectations, are forward-looking statements. The words "will," "expect," "believe," "estimate," "intend," "plan" and similar expressions indicate forward-looking statements. Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: (i) risks related to the expected timing and likelihood of completion of the proposed transaction, including the risk that the transaction may not close due to one or more closing conditions to the transaction not being satisfied or waived; (ii) the occurrence of any event, change or other circumstances that could give rise to the termination of the applicable transaction agreements; (iii) the risk that there may be a material adverse change with respect to the financial position, performance, operations or prospects of the Listco, Amber DWM or the combined entity; (iv) risks related to disruption of management time from ongoing business operations due to the proposed transaction; (v) the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the Listco's securities; (vi) the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Amber DWM or the combined entity to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally; (vii) any changes in the business or operating prospects of Amber DWM and the combined entity or their businesses; (viii) changes in applicable laws and regulations; and (ix) risks relating to Amber DWM's and the combined company's ability to enhance their services and products, execute their business strategy, expand their customer base and maintain stable relationship with their business partners. A further list and description of risks and uncertainties can be found in the proxy statement that will be filed with the SEC by the Listco in connection with the proposed transactions, and other documents that the parties may file or furnish with the SEC, 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. Forward-looking statements relate only to the date they were made, and the Listco, Amber DWM and their respective subsidiaries and affiliates undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. No Offer or Solicitation This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the transactions described above and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Amber DWM, the Listco or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. Participants in the Solicitation The Listco, Amber DWM and their respective directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of the Listco in connection with the proposed transaction. A list of the names of such directors and executive officers and information regarding their interests in the proposed transaction will be included in the proxy statement pertaining to the proposed transaction when it becomes available for the proposed transaction. Additional Information and Where to Find It The Listco will file with the SEC and mail to its shareholders a proxy statement in connection with the proposed transaction. Investors and securityholders are urged to read the proxy statement when it becomes available because it will contain important information regarding the proposed arrangement. You may access the proxy statement (when available) and other related documents filed by the Listco with the SEC at the SEC's website at www.sec.gov . You also may obtain the proxy statement (when it is available) and other documents filed by the Listco with the SEC relating to the proposed arrangement for free by accessing the Listco's website at ir.i-click.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/amber-groups-subsidiary-amber-dwm-holding-limited-and-nasdaq-listed-iclick-interactive-asia-group-limited-enter-into-a-definitive-merger-agreement-302319082.html SOURCE Amber GroupU.S. president-elect Donald Trump said Saturday that he wants real estate developer Charles Kushner, the father of Trump's son-in-law, Jared Kushner, to serve as ambassador to France. Trump made the announcement in a Truth Social post, calling Charles Kushner "a tremendous business leader, philanthropist, & dealmaker." Kushner is the founder of Kushner Companies, a real estate firm. Jared Kushner is a former senior Trump adviser who is married to Trump's eldest daughter, Ivanka. The elder Kushner was pardoned by Trump in December 2020 after pleading guilty years earlier to tax evasion and making illegal campaign donations. Prosecutors alleged that after Charles Kushner discovered his brother-in-law was co-operating with federal authorities in an investigation, he hatched a scheme for revenge and intimidation. Trump's return to the White House: his cabinet choices so far Kushner hired a prostitute to lure his brother-in-law, then arranged to have the encounter in a New Jersey motel room recorded with a hidden camera and the recording sent to his own sister, the man's wife, prosecutors said. Kushner eventually pleaded guilty to 18 counts, including tax evasion and witness tampering. He was sentenced in 2005 to two years in prison — the most he could receive under a plea deal but less than what Chris Christie, the U.S. attorney for New Jersey at the time and later governor and Republican presidential candidate, had sought. Christie has blamed Jared Kushner for his firing from Trump's transition team in 2016, and has called Charles Kushner's offences "one of the most loathsome, disgusting crimes that I prosecuted when I was U.S. attorney." Trump and the elder Kushner knew each other from real estate circles, and their children were married in 2009.
Syrian President Bashar Assad has vowed to defeat the jihadists currently rampaging through the north of his country, “no matter how intense their terrorist attacks are.” Assad’s comments came as the Syrian Army geared up to defend the city of Hama from the attackers. In a phone call with Emirati President Sheikh Mohammed bin Zayed on Saturday, Assad stressed that “Syria continues to defend its stability and territorial integrity in the face of all terrorists,” according to a readout published by his office. Syria “is capable, with the help of its allies and friends, of defeating and eliminating them no matter how intense their terrorist attacks are,” Assad added, according to the statement. The Hayat Tahrir-al-Sham (HTS) terrorist group – formerly known as Jabhat al-Nusra – and a collection of allied militias attacked government-controlled territory in northern Syria on Wednesday, breaking a fragile truce established by Russia and Türkiye in 2020. By Friday, HTS fighters had entered Aleppo, which had been under Syrian government control since 2016. In a statement on Saturday, the Syrian General Command said that the attack was “supported by thousands of foreign terrorists, heavy weapons, and a large number of drones,” and that dozens of Syrian Army personnel had been killed defending Aleppo. Syrian government forces succeeded in preventing the total loss of Aleppo, and have withdrawn from the city to prepare a counterattack, the general command said. According to unconfirmed reports on social media, Syrian forces have started arriving in the city of Hama – around 80km south of Aleppo – in preparation for this counteroffensive. Sporadic clashes have broken out on the outskirts of Hama as the jihadists advance on the city, Turkish media reported on Saturday. Iranian military advisers and volunteers have arrived in Hama to assist the Syrian military, according to both pro- and anti-Assad Telegram news groups. Sheikh Mohammed told Assad that the UAE “stands with the Syrian state and supports it in combating terrorism and extending its sovereignty, territorial integrity and stability,” according to Assad’s office. Iran has vowed to issue a “serious” response to HTS, after the group attacked its consulate in Aleppo and killed Islamic Revolutionary Guard Corps Major General Kiyumars Pourhashemi earlier this week. Russia, which has maintained a military presence in Syria since 2015, has been carrying out airstrikes against the jihadists, killing at least 600 militants since Thursday, according to Colonel Oleg Ignasyuk, the deputy head of the Russian Reconciliation Center for Syria.In Pictures: Politics frames the debate as Ireland holds five ballots in 2024
The 13 office buildings in Richmond, B.C.’s Airport Executive Park – a business park located on 35 acres of green space – date back to a time when climate change and carbon footprints weren’t part of mainstream discussions and long-term environmental control programs. But as more companies set climate and sustainability targets, many are actively working toward reducing greenhouse-gas (GHG) emissions within their operations and supply chains. Fiera Real Estate Canada – the current owner of Richmond’s Airport Executive Park (AEP) – is aiming to achieve net-zero emissions by 2040, partly through the installation of electric heat pumps that will replace its gas-fired heating systems, which date back to the 1980s and early 2000s. The company’s net-zero ambitions are emblematic of the significant commitments national building owners are making that will help Canada reach its target of net-zero building emissions by 2050. And while 25 years from today may seem like a long time, experts warn Canada isn’t making progress fast enough to achieve its goal. The clock began ticking in 2021 when the federal government adopted the Canadian Net-Zero Emissions Accountability Act , aiming for net-zero emissions by 2050, with an interim target of GHG reductions hitting at least 40 per cent below 2005 levels by 2030. Released this year, the Canada Green Buildings Strategy says there are more than 564,000 commercial and institutional buildings across the country, and because the majority are expected to still be in use in 2050, most will require extensive upgrades and retrofitting to reach Canada’s net-zero goal. “It’s hard to see how we’re going to achieve the interim standards for the building sector by 2030, and if we don’t reach them, the climb to 2050 is going to be a lot harder,” says Thomas Mueller, president and chief executive officer of the Canada Green Building Council (CAGBC), which supports the building industry’s transition to green structures and sets national standards for zero-carbon buildings. Updated in July, the council’s Zero Carbon Building standards focus on maintaining high energy efficiency in new buildings and reducing carbon emissions in older structures by replacing fossil-fuel-burning equipment. It estimates that Canada needs to convert at least 3 per cent of its buildings to net-zero emissions a year and invest billions in making buildings greener. A recent study from CAGBC and the Delphi Group – a Canadian climate and sustainability consultancy – identifies the most-needed upgrades in buildings to be LED lighting, triple-glazed windows, roof insulation, high-efficiency ventilation systems, as well as computer control systems that reduce heating and cooling when rooms are not in use. These upgrades require major structural changes and are why most building owners are conducting feasibility studies and putting refits into their 10-year plans, says Tonya Lagrasta, vice-president and head of ESG at commercial real estate services company Colliers Canada. However, she says: “The price tags for things like window replacements can have owners of older buildings falling off their chairs.” The Pembina Institute, a clean-energy think tank, estimates that decarbonizing Canada’s commercial and residential building sector will require more than $400-billion in upgrades. It also concludes that more incentives must be put in place. Since grants are often difficult for governments to finance and administer, tax credits to stimulate investment are more practical, says Mr. Mueller. However, a challenge is that several provinces and cities have building codes that include specifications that vary from the federal standards. “It is a real hodgepodge of standards across the country and that is contributing to confusion,” says Terry Bergen, Victoria-based managing principal of RJC Engineers, a building science consultancy. For retrofits, there is also a misconception that high efficiency comes with higher operating costs. But recently, a lot of studies have been released that demonstrate a high return on investment by making these changes, says Duncan Rowe, a Toronto-based principal with RJC Engineers. At the same time, Mr. Rowe acknowledges that it’s not economical or ecologically practical to speed up the replacement of nearly-new equipment just to meet a standard. In other words, upgrades should be aligned with the life cycle of equipment. In the case of Airport Executive Park, the heating systems were several decades old and in need of replacement. While the newly installed systems are less than a year old, the expectation is that annual energy cost savings for all the property’s buildings will be as much as 50 per cent. In the long term, achieving net-zero emissions by 2050 is an interim step toward a goal of being fully net-zero energy – producing as much clean energy as consumed with on-site clean and renewable sources, such as solar, wind or geothermal, Ms. Lagrasta says. Net-zero energy is achievable because technology is advancing, says Mr. Rowe. For instance, solar technology is becoming affordable and can be efficient at powering some buildings, but it needs the right conditions. If a building owner has a large roof area, solar is a practical solution, though it won’t be sufficient for an office tower with a small roof. However, there are also developments in photovoltaic glass that can turn windows into power sources, Mr. Rowe says. Ultimately, economics – not politics – will persuade building owners to invest in green technology, Ms. Lagrasta says. A study by Colliers found tenants are willing to pay a premium of an average of 8 per cent to be in a building with a high sustainability rating. “Building owners value their assets and political winds come and go. But it will become harder to attract and retain tenants in an older building that is falling behind the curve,” Ms. Lagrasta says.SINGAPORE , Nov. 30, 2024 /PRNewswire/ -- Amber DWM Holding Limited ("Amber DWM"), the holding entity of Amber Group's digital wealth management business, known as Amber Premium ("Amber Premium"), today announced that it has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with iClick Interactive Asia Group Limited ("iClick" or the "Listco") (NASDAQ: ICLK) and Overlord Merger Sub Ltd. ("Merger Sub"), a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Listco. Under the Merger Agreement, Merger Sub will merge with and into Amber DWM, with Amber DWM continuing as the surviving entity and becoming a wholly-owned subsidiary of the Listco (the "Merger"). Amber DWM's shareholders will exchange all of their issued and outstanding share capital for a mix of newly issued Class A and Class B ordinary shares of the Listco on the terms and conditions set forth therein in a transaction exempt from the registration requirements under the Securities Act of 1933. Wayne Huo , Chief Executive Officer and Director of Amber DWM , said: " We are thrilled to embark on this transformative journey with iClick. This merger represents a significant milestone, bringing together Amber Premium's expertise in digital wealth management and iClick's innovative marketing technology. Together, we aim to redefine the digital financial ecosystem, delivering unparalleled value to our clients and stakeholders. By bridging the worlds of blockchain, fintech and digital marketing, we are unlocking new opportunities to revolutionize how value is created and exchanged in the digital economy ." The transaction values Amber DWM at US$360 million and the Listco at US$40 million by equity value on a fully diluted basis (assuming completion of certain restructuring as set forth in the Merger Agreement). Upon closing of the Merger (the "Closing"), the Amber DWM shareholders and the Listco shareholders (including holders of ADSs) will own approximately 90% and 10%, respectively, of the outstanding shares of the combined company, or 97% and 3% voting power, respectively. The Merger Agreement also contemplates that, upon the Closing, the Listco will change its name to "Amber International Holding Limited" and adopt the tenth amended and restated memorandum and articles of association of the Listco, in each case immediately before the effective time of the Merger (the "Effective Time"), following which the authorized share capital of the Listco shall only consist of Class A ordinary shares and Class B ordinary shares (with different voting powers but equal economic rights), a par value of US$0.001 each. Please refer to the Merger Agreement filed as Exhibit 99.2 to the Form 6-K furnished by the Listco to the SEC on November 29, 2024 for more details. The Listco's board of directors (the "Board") approved the Merger Agreement and other transaction documents, including but not limited to the voting agreement entered into by and among certain shareholders of the Listco (who holds approximately 36% of the outstanding shares representing 71% voting power of the Listco as of the date of this press release), the Listco and Amber DWM (the "Voting Agreement") (collectively, the "Transaction Documents"), and the transactions contemplated thereunder (the "Transactions"), with the assistance of its financial and legal advisors. The Board also resolved to recommend that the Listco's shareholders vote to authorize and approve the Transaction Documents and the Transactions when they are submitted for shareholder approval. In connection with the Transaction, each of the shareholders of Amber DWM immediately prior to the consummation of the Merger is entering into a lock-up agreement with the Listco pursuant to which they have agreed not to transfer the shares received in consideration of the Merger for a period of 12 months following the Merger closing. The completion of the Transactions is subject to the satisfaction of closing conditions set forth in the Merger Agreement, including, among other things, receipt of the Listco's shareholder approval and regulatory/stock exchange approvals (if applicable). The Merger Agreement provides for a long-stop date for any party to terminate the agreement if the Merger is not completed by June 30, 2025 . " This merger represents a transformative opportunity to broaden our business portfolio by integrating Amber Premium's state-of-the-art digital wealth management solutions. By uniting iClick's robust data analytic and enterprise software expertise with Amber Premium's advanced digital wealth management services, we aim to unblock synergies between traditional finance and the rapidly evolving digital asset ecosystem, particularly benefitting corporate and high net worth individual clients ", said Mr. Jian Tang , Chairman, Chief Executive Officer and Co-Founder of iClick . The foregoing description of the Merger Agreement and the Voting Agreement does not purport to be complete and is qualified in its entirety to the full text of the Merger Agreement and the Voting Agreement, which are filed as Exhibits 99.2 and 99.3 to the Form 6-K furnished by the Listco to the SEC on 29, 2024, respectively. Simpson Thacher & Bartlett LLP is serving as U.S. legal counsel to Amber DWM. Cleary Gottlieb Steen & Hamilton LLP is serving as U.S. legal counsel to iClick. About Amber Premium Amber Premium, the business brand behind Amber DWM Holding Limited, is a leading digital wealth management platform offering private banking-level solutions tailored for the dynamic crypto economy. Serving a premium clientele of esteemed institutions and qualified individuals, Amber Premium develops and supports innovative digital wealth management products. Its institutional-grade access and operations makes it the top choice for one-stop digital wealth management services, providing tailored, secure solutions that drive growth in the Web3 economy. About iClick Interactive Asia Group Limited Founded in 2009, iClick Interactive Asia Group Limited (NASDAQ: ICLK) is a renowned online marketing and enterprise solutions provider in Asia . With its leading proprietary technologies, iClick's full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. For more information, please visit https://ir.i-click.com . Safe Harbor Statement This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the pending transactions described herein, and the parties' perspectives and expectations, are forward-looking statements. The words "will," "expect," "believe," "estimate," "intend," "plan" and similar expressions indicate forward-looking statements. Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: (i) risks related to the expected timing and likelihood of completion of the proposed transaction, including the risk that the transaction may not close due to one or more closing conditions to the transaction not being satisfied or waived; (ii) the occurrence of any event, change or other circumstances that could give rise to the termination of the applicable transaction agreements; (iii) the risk that there may be a material adverse change with respect to the financial position, performance, operations or prospects of the Listco, Amber DWM or the combined entity; (iv) risks related to disruption of management time from ongoing business operations due to the proposed transaction; (v) the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the Listco's securities; (vi) the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Amber DWM or the combined entity to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally; (vii) any changes in the business or operating prospects of Amber DWM and the combined entity or their businesses; (viii) changes in applicable laws and regulations; and (ix) risks relating to Amber DWM's and the combined company's ability to enhance their services and products, execute their business strategy, expand their customer base and maintain stable relationship with their business partners. A further list and description of risks and uncertainties can be found in the proxy statement that will be filed with the SEC by the Listco in connection with the proposed transactions, and other documents that the parties may file or furnish with the SEC, 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. Forward-looking statements relate only to the date they were made, and the Listco, Amber DWM and their respective subsidiaries and affiliates undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. No Offer or Solicitation This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the transactions described above and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Amber DWM, the Listco or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. Participants in the Solicitation The Listco, Amber DWM and their respective directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of the Listco in connection with the proposed transaction. A list of the names of such directors and executive officers and information regarding their interests in the proposed transaction will be included in the proxy statement pertaining to the proposed transaction when it becomes available for the proposed transaction. Additional Information and Where to Find It The Listco will file with the SEC and mail to its shareholders a proxy statement in connection with the proposed transaction. Investors and securityholders are urged to read the proxy statement when it becomes available because it will contain important information regarding the proposed arrangement. You may access the proxy statement (when available) and other related documents filed by the Listco with the SEC at the SEC's website at www.sec.gov . You also may obtain the proxy statement (when it is available) and other documents filed by the Listco with the SEC relating to the proposed arrangement for free by accessing the Listco's website at ir.i-click.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/amber-groups-subsidiary-amber-dwm-holding-limited-and-nasdaq-listed-iclick-interactive-asia-group-limited-enter-into-a-definitive-merger-agreement-302319082.html SOURCE Amber Group
When Vivian Perez was growing up in the suburbs of Chicago as a first-generation Mexican American, sledding was the extent of her winter sports experience. Her parents weren’t raised with snow, so they couldn’t teach her skiing or snowboarding. Perez didn’t even entertain those activities as possibilities during her youth, which revolved around academics and helping her parents support her brother, who has nonverbal autism. “Our focus was elsewhere,” Perez said. “It was more like, when are we visiting family in Mexico? Who is picking up my brother? Who is taking me to my extracurricular activities?” But this winter, she will hit the slopes for the first time — thanks to an annual program that provides more than two dozen women of color with a free Ikon Pass, season-long ski or snowboard rentals, and a half-day lesson. Winter sports enthusiasts tend to be overwhelmingly white, with that group making up 88% of participants, according to this year’s demographic study by the National Ski Areas Association. The second-largest groups are Latinos and a combined population of Asian Americans and Pacific Islanders — both at 6%. African Americans represent 1% of participants. (Those surveyed had the option to choose more than one ethnicity.) Downhill snow sports participants are also still mostly male, at 62%, the study reports. But changes are afoot in Colorado’s ski towns. In recent years, Vail Resorts has set the intention of elevating women into leadership roles at the corporate and executive levels, as well as at resorts statewide. Organizations like the BIPOC Mountain Collective and the National Brotherhood of Skiers are welcoming people of color to the mountains. And SheJumps , a Salt Lake City-based nonprofit group, is seeking to do the same through its Ikon Pass Scholarship for Women of Color . Perez, 32, first came across an Instagram ad for the program while making content for her herbal apothecary, Magia Botanica . With tempered expectations, she applied. “I don’t have these opportunities often — or at all,” the Denver resident said. “I just want to see what everyone’s raving about.” Once Perez was chosen as a scholarship recipient, preparations for the upcoming ski season soon began. Last month, she visited Christy Sports in Denver’s Cherry Creek neighborhood to pick up her Burton snowboard rental for the season. While shopping, “complete imposter syndrome just sets in,” she said. “I was just (a) deer in the headlights.” Still, Perez is ready to start learning. She even convinced a friend to join her — as she put it, “I’m already motivating others to try things that maybe they didn’t think they would ever want to try.” Perez hopes to overcome her fear and get comfortable on her snowboard by next spring. “I still remember my little-kid self, who didn’t know what sledding was,” she said. “And now here I am, 32 years old, saying: ‘You know what, let’s go snowboarding.’ “ SheJumps helps more than 4,000 women and girls, along with nonbinary people, through its outdoor programs each year. The Ikon Pass program awards 30 annual scholarships while drawing hundreds of applications. This year, seven Colorado residents were among those chosen. Claire Smallwood, the executive director and co-founder of SheJumps, has made it her mission to diversify the slopes. The 17-year-old nonprofit started the Ikon scholarship program in 2019 after receiving a private donation of eight passes. “We could give those passes to anyone we wanted, and we thought: ‘Well, who’s the most excluded from the demographic of people that are going skiing?’ ” said Smallwood, 39. “With our mission focus, we decided it was women of color.” SheJumps now works institutionally with Alterra Mountain Co., which owns the Ikon Pass, on the initiative. In total, 106 scholarships have been awarded. In Colorado Springs, the nonprofit Blackpackers aims to serve underrepresented communities by teaching outdoor skills like wilderness first aid, providing low-cost or free gear and excursions, and creating networking opportunities in the outdoor industry. Among its programs, the group has partnered with Arapahoe Basin for four years to extend free lift tickets, half-day lessons, gear and clothing to participants in ski and ride days. Between 300 and 400 people sign up every year, though Blackpackers can take only up to 70 per day. The organization planned to host ski and ride days on Dec. 21 and April 12. Blackpackers is the brainchild of executive director Patricia Cameron, who founded it as a club in 2017 after her first backpacking trip. She invited friends on adventures, but they couldn’t afford the gear. So Cameron saved her overtime pay as an EMT to build up a collection of used gear. “I created it to fill a need and be a part of my community,” she said. Growing up as a Black woman in Maryland, the outdoors were familiar to her. She recalls family reunions hosted outside with food and activities. But she notes that the definition of “outdoorsy” has shifted over the years. “We’ve always been going outdoors, especially recreating,” Cameron said. “Outdoor adventure is where most people kind of draw the barrier.” For the broader Black community, one hurdle in trying winter sports is tied to the historic challenge of accessing wealth, such as loans, at the same rate as their white counterparts, Cameron said. This systemic wealth gap doesn’t encourage Black people to shell out hundreds of dollars to attempt skiing or snowboarding for the first time, Cameron said. And they still face discrimination, even in the wilderness. Sometimes, it’s in the form of microaggressions, and, at other times, it’s overt racism, Cameron said. For example, when hiking the Pacific Crest Trail in 2022, Cameron was told by a stranger that she didn’t belong there. “That’s what can make the experience so tough,” Cameron said. Mma Ikwut-Ukwa, 26, didn’t spend her youth in Pennsylvania doing outdoor activities with her family. It wasn’t until her undergraduate years as an astrophysics major at Harvard University that she went camping for the first time. The experience inspired her to join a backpacking club and start leading trips herself. Ikwut-Ukwa moved west after college to work in the outdoor industry. Now on a break from her doctorate program in planetary science at the California Institute of Technology, she’s made Colorado her home for over a year, working backpacking trips and teaching wilderness medicine. She learned about SheJumps’ Ikon Pass program on Instagram and applied. Earlier in the fall, Ikwut-Ukwa was selected. “I’ve been wanting to learn how to ski or snowboard for so long, but it’s just so hard to get into,” said Ikwut-Ukwa, who lives in Estes Park. “The scholarship breaks down a lot of the main barriers to doing it.” She highlighted major challenges including the staggering costs associated with snowboarding and the lack of mentorship available to marginalized people on the mountains, including herself as a Black woman. People of color — “having been historically excluded from these sports,” Ikwut-Ukwa said — often don’t have the easy access that can be facilitated by friends who lend gear and offer tips. But now she can put the money she’s saved through the scholarship toward more lessons. Since picking up her GNU-brand snowboard rental last month, Ikwut-Ukwa has already hit the slopes at Eldora Mountain Resort. Her free snowboarding lesson is booked at Winter Park, and she hopes to make the trek to Steamboat Ski Resort — also on the Ikon Pass. She’s looking forward to making progress and spending time with friends. Her long-term goal is to master backcountry skiing or splitboarding, which involves using a halved snowboard to climb uphill, then reattaching the halves to ride downhill. Ikwut-Ukwa is excited — and keeping her schedule open for shredding. “I have so many days that I can get out and go skiing this season,” she said. Want more sports news? Sign up for the Sports Omelette to get all our analysis on Denver’s teams.
Medtronic plc ( NYSE:MDT – Free Report ) – Investment analysts at William Blair decreased their Q3 2025 earnings estimates for Medtronic in a report issued on Tuesday, November 19th. William Blair analyst M. Andrew now forecasts that the medical technology company will post earnings of $1.36 per share for the quarter, down from their previous estimate of $1.37. The consensus estimate for Medtronic’s current full-year earnings is $5.46 per share. William Blair also issued estimates for Medtronic’s Q4 2025 earnings at $1.62 EPS, FY2025 earnings at $5.46 EPS and Q2 2026 earnings at $1.43 EPS. A number of other analysts have also weighed in on MDT. Piper Sandler increased their target price on Medtronic from $85.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 21st. Citigroup increased their price objective on Medtronic from $85.00 to $92.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 1st. Barclays lifted their target price on Medtronic from $104.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Royal Bank of Canada raised shares of Medtronic from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $98.00 to $105.00 in a research report on Thursday, October 10th. Finally, Daiwa America raised shares of Medtronic to a “strong-buy” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $95.00. Medtronic Price Performance MDT stock opened at $86.21 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.61 and a debt-to-equity ratio of 0.51. Medtronic has a 12 month low of $75.96 and a 12 month high of $92.68. The stock has a market cap of $110.56 billion, a PE ratio of 26.36, a P/E/G ratio of 2.42 and a beta of 0.84. The company has a 50-day moving average price of $88.99 and a 200 day moving average price of $84.87. Medtronic ( NYSE:MDT – Get Free Report ) last issued its quarterly earnings data on Tuesday, November 19th. The medical technology company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.01. Medtronic had a return on equity of 13.79% and a net margin of 13.00%. The company had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.27 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. Institutional Inflows and Outflows Large investors have recently bought and sold shares of the stock. Fortitude Family Office LLC purchased a new stake in Medtronic during the third quarter worth $27,000. Highline Wealth Partners LLC purchased a new position in shares of Medtronic in the 3rd quarter valued at about $27,000. Darwin Wealth Management LLC acquired a new position in Medtronic in the 3rd quarter worth about $27,000. Lynx Investment Advisory purchased a new position in Medtronic during the second quarter worth approximately $28,000. Finally, J. Stern & Co. LLP purchased a new stake in shares of Medtronic in the third quarter valued at approximately $30,000. 82.06% of the stock is owned by institutional investors and hedge funds. About Medtronic ( Get Free Report ) Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. Its Cardiovascular Portfolio segment offers implantable cardiac pacemakers, cardioverter defibrillators, and cardiac resynchronization therapy devices; cardiac ablation products; insertable cardiac monitor systems; TYRX products; and remote monitoring and patient-centered software. Further Reading Receive News & Ratings for Medtronic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medtronic and related companies with MarketBeat.com's FREE daily email newsletter .Many high-yielding dividend stocks slumped as interest rates rose in 2022 and 2023. Those higher rates lifted the yields of CDs and T-bills above 5%, so many income investors shifted their cash from stocks toward those safer fixed-income investments. However, the Federal Reserve finally cut its benchmark rate twice in 2024 as inflation cooled. Those reductions, along with expectations for future cuts, drove many investors back toward dividend stocks again as fixed-income yields declined. Real estate investment trusts ( REITs ) -- which buy properties, rent them out, and split the rental income with their investors -- are attracting more attention in this market because they're required to pay out at least 90% of their taxable income as dividends to maintain a favorable tax rate. As a result, they usually pay much higher yields than traditional dividend stocks. One such high-yielding REIT is EPR Properties ( EPR -0.28% ) , which rents its properties to amusement parks, movie theaters, ski resorts, and other experiential and educational businesses in the U.S. and Canada. It's paid continuous dividends since its public debut in 1997, it switched from quarterly to monthly payments in 2013, and it pays a hefty forward yield of 7.5%. Let's see if it's the right time to buy, sell, or hold this resilient REIT. How stable is EPR's portfolio? EPR is a triple net lease REIT, which means its tenants are responsible for covering all of a property's real estate taxes, insurance, and maintenance fees. It owns 352 properties and serves more than 200 tenants in 44 states and Canada. But in the first nine months of 2024, it generated 45% of its revenue from just four tenants -- Topgolf (14.3%), AMC Theaters (13.6%), Regal Cinemas (11.1%), and Cinemark (6.3%). EPR's heavy dependence on the declining movie theater market is a sore spot. Only 852 million movie tickets were sold in the U.S. in 2023, representing a 46% drop from the peak of 1.85 billion tickets in 2002, and that decline could continue for the foreseeable future. Streaming video platforms, cheaper big screen TVs, and soaring ticket prices have all driven more people to watch movies at home. But despite those challenges, EPR still maintained an occupancy rate of 99% at the end of the third quarter of 2024. It accomplished that by selling its vacant theaters, gaining more non-theater experiential tenants, and expanding its smaller portfolio of education properties. In 2020, EPR's funds from operations as adjusted (FFOAA) per share plunged 74% as the pandemic crushed its tenants. But its FFOAA rose 116% in 2021, 52% in 2022, and 10% in 2023 as those headwinds waned and it restructured its portfolio. It expects that figure to rise 3% in 2024 and 3%-4% annually. How does EPR stack up against similar REITs? At $45 per share, EPR trades at just 9 times last year's FFOAA. That makes it a lot cheaper than comparable triple net lease REITs like Vici Properties and Realty Income , which both trade at 14 times their trailing adjusted FFO per share. Vici and Realty also pay lower forward yields of 5.4% and 5.5%, respectively. But EPR also serves a messier mix of tenants than Vici, which focuses on the casino and resorts markets, and Realty Income, which mainly rents its properties to recession-resistant retailers. EPR also doesn't lock its tenants into multi-decade, inflation-linked contracts like Vici (which still has an occupancy rate of 100%). Instead, EPR's average lease lasts roughly 12 years with gradual rent increases every five years. EPR has also underperformed Vici and Realty Income over the past six years. Even after including reinvested dividends, EPR generated a negative total return of 8% as Vici and Realty generated positive total returns of 106% and 24%, respectively. Is it time to buy, sell, or hold EPR Properties? Past performance is an unreliable indicator of future gains, but EPR's weaker returns likely reflect the concerns regarding its movie theater tenants as well as the exposure of its other experiential tenants to slower consumer spending and other economic headwinds. EPR is still a fairly safe stock to buy and hold right now if you expect it to maintain its high occupancy rates as it prunes its portfolio. But I think Vici and Realty Income -- which I personally own -- are better long-term income plays even though they pay lower yields.