MILL VALLEY: Four Corners Property Trust (FCPT), announced that it has bought an Olive Garden property for $2.9 million. The property is located within a strong retail corridor in South Carolina and is occupied under a triple-net lease to Darden Restaurants with six years of term remaining. The transaction was priced at a 6.2% cap…
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BELLUS Health announces launch of a public shares offering in Canada and the United States
LAVAL, QUEBEC: BELLUS Health Inc. announced the filing of a preliminary prospectus supplement in connection with a proposed public offering of its common shares. BELLUS Health intends to use the net proceeds of the Offering primarily to fund research and development activities, general and administrative expenses, working capital needs and other general corporate purposes. The…
First Women’s Bank selects Fiserv to enable the bank’s launch in early 2021
BROOKFIELD: Fiserv Inc. announced First Women’s Bank, a de novo institution in organization with a strategic focus on the women’s economy through small business lending and other financial services, has selected Fiserv to enable the bank’s launch in early 2021. The bank will leverage core processing and a full range of digital engagement technology from…
Windstream Enterprise names Brad Smith as new channel chief
LITTLE ROCK: Windstream Enterprise (WE), a managed communications services provider, announced organizational changes to its channel partner program. Brad Smith, currently vice president – Indirect Sales at Windstream Enterprise, has been promoted to head of Strategic Channels. “Brad has led award-winning national sales teams for large communications companies. His promotion to Channel Chief ensures the…
Sandvik Group agrees to acquire US based CGTech
STOCKHOLM: Sandvik Group has signed an agreement to acquire US based CGTech, a global market leader in software for numerical control (NC/CNC) simulation, verification and optimization. The product offering includes VERICUT, a machining simulation and optimization software which is CAM, machine tool manufacturer and cutting tool neutral and works stand alone or in conjunction with…
Oman’s Raysut Cement acquires 75% of LafargeHolcim’s terminal at Thilafushi Island
MUSCAT, OMAN: Oman’s largest cement manufacturer, Raysut Cement Company (RCC), said it has closed the deal of acquiring 75 percent of LafargeHolcim’s cement terminal at Thilafushi Island in Maldives, and a new joint venture – Raysut Maldives Cement Pvt. Ltd. – has been formed. The new entity with State Trading Organization (STO) of Maldives owning…
Altice USA enhances offer to acquire Cogeco in order to own Atlantic Broadband
NEW YORK: Altice USA Inc. has presented a revised and enhanced offer to Cogeco Inc. (CGO) and Cogeco Communications Inc. (CCA) to acquire 100% of the issued and outstanding shares of Cogeco. Altice USA has also revised its arrangement with the largest long-term shareholder of Cogeco, Rogers Communications Inc. to sell all the Canadian assets…
Dr. Reddy’s and RDIF receive approval to conduct clinical trial for Sputnik V vaccine in India
HYDERABAD: Dr. Reddy’s Laboratories and Russian Direct Investment Fund (RDIF) have received approval from the Drug Control General of India (DCGI) to conduct an adaptive phase 2/3 human clinical trial for Sputnik V vaccine in India. This will be a multi-center and randomized controlled study, which will include safety and immunogenicity study. Earlier in September…
Amazon announces two new fulfillment centers in Kansas creating over 1,000 new jobs
SEATTLE: Amazon.com has planned two new fulfillment centers in Kansas, which would together create over 1,000 new, full-time jobs with industry-leading pay and comprehensive benefits starting on day one. The new fulfillment centers are anticipated to launch in 2021, a news release said. “We’re excited to continue our growth and investment across Kansas so we…
MRP acquires three Walmart-anchored retail centers
ST. LOUIS: Midwest Retail Properties (MRP) announced the acquisition of a portfolio of three Walmart-Anchored Shopping Centers – two properties are in Texas and one property is in Alabama. These properties will add a total of 43,400 SF to MRP’s current portfolio. This acquisition is MRP’s third shadow center purchase in Alabama and third purchase…
The Forest Foundation sees opportunity to avoid future California wildfire disasters
SACRAMENTO: While each passing year sees increased devastation and record-breaking losses from wildfires, The Forest Foundation, a non-profit organization dedicated to forest sustainability and public education, said it is optimistic that growing interest in better managing California’s forests will help the state avoid future catastrophes. While there’s a tendency by federal and state policy makers…
Alta Equipment Group to acquire Howell Tractor and Equipment LLC
LIVONIA: Alta Equipment Group has entered into a definitive agreement to acquire Howell Tractor and Equipment LLC., a privately held heavy equipment dealer serving Northern Illinois and Northwest Indiana. Howell Tractor has an expansive range of heavy construction, mining, material handling, and crane equipment available for sale or rent to its premium customer base. As…