VANCOUVER: Nautilus Inc., the innovation leader in home fitness for over 30 years, announced its plan to pursue efforts to find a potential buyer for Octane Fitness to focus solely on growing, investing, and innovating in the home fitness equipment market. “Our decision to explore the potential sale of Octane Fitness is as a result…
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Assurant appoints former T-Mobile CFO J. Braxton Carter to its Board of Directors
NEW YORK: Assurant Inc., a global provider of lifestyle and housing solutions, announced the appointment of J. Braxton Carter, former executive vice president and chief financial officer for T-Mobile US, Inc., to its Board of Directors. He will serve on the Board’s Audit Committee. “We are excited to have Braxton join our Board,” said Assurant…
Belden completes $120mn divestiture of its live media business, Grass Valley
SAINT LOUIS: Belden Inc., a global supplier of specialty networking solutions, announced the completion of the previously announced divestiture of the Company’s Live Media business (Grass Valley) to Black Dragon Capital, a private equity firm led by technology operating executives with deep media-related expertise and a proven track record of building market leading companies. The…
Greenlane Renewables announces framework agreement to reduce outstanding debt
VANCOUVER: Greenlane Renewables Inc. announced the execution of a Framework Agreement with Pressure Technologies plc (PT), Creation Partners LLP and Brad Douville. Through the Framework Agreement, Greenlane’s outstanding promissory note to PT will be reduced by $1.8 million to $5.2 million upon disposition of PT’s equity position in Greenlane which is expected to occur through…
Liquiditi Solutions organizes global virtual forum addressing COVID-19 response
SEOUL: Liquiditi Solutions and Unit Ventures successfully co-hosted the inaugural Liquiditi Solutions Forum that spotlighted doctors, business leaders, and health experts that are leading the response to COVID-19. The virtual conference brought together 25 speakers from four continents, including Africa, Asia, Europe and North America, and attendees from all over the globe. Liquiditi Solutions offers…
Columbia Property Trust terminates WeWork’s lease at Columbia’s 149 Madison Avenue
NEW YORK: Columbia Property Trust and WeWork announced that they have mutually agreed to terminate WeWork’s lease at Columbia’s 149 Madison Avenue. This decision is part of WeWork’s plan to seek profitable growth and optimize the company’s real estate portfolio, while allowing Columbia to assume full control of 149 Madison Avenue, including all improvements that…
Housing rights advocates shame Essex Property Trust CEO, Mike Schall
SANTA CLARITA: A coalition of tenants’ rights advocates that include Housing Is A Human Right (HHR), the housing advocacy division of AIDS Healthcare Foundation (AHF) have staged several socially-distant protests calling out corporate landlord and other bad actors for fueling California’s ongoing housing affordability and homeless crises. The housing rights advocates will stage another protest…
Logitech International nominates Hasbro’s Deborah Thomas to Board
NEWARK: Logitech International outlined a number of proposals, approved and recommended by its board of directors, on which it will ask shareholders to vote at the Company’s 2020 annual general meeting (AGM). Logitech also announced a new director nominee and new Group Management Team member. Logitech’s board of directors will ask shareholders at the 2020…
MVB Mortgage and Intercoastal Mortgage combine to become leading mortgage banking operations in Mid-Atlantic
FAIRMONT: MVB Mortgage and Intercoastal Mortgage have become one of the largest independently owned residential mortgage lending operations in the Mid-Atlantic Region: Intercoastal Mortgage, LLC (ICM). MVB Financial Corp. and its wholly-owned subsidiary MVB Bank announced that the Bank’s subsidiary Potomac Mortgage Group has completed a combination with Intercoastal Mortgage Company, a Van Metre Company….
Maxar Technologies completes $140 million acquisition of Vricon Inc.
WESTMINSTER: Maxar Technologies announced that it has completed its previously announced acquisition of 3D data and analytics firm Vricon, Inc., for approximately $140 million, or approximately $115 million net of estimated cash at closing. Vricon is a global leader in satellite-derived 3D data for defense and intelligence markets, with software and products that enhance 3D…
C&W Communications expands its B2B operations in the Cayman Islands
MIAMI: C&W Communications announced the acquisition of IT Outsource Ltd. (ITO), a leading Managed Service Provider (MSP) in the Cayman Islands. Founded in 2004, IT Outsource provides IT managed and support services, cloud back-up, security services and enterprise hardware and software solutions focused on clients in the financial services, insurance, government and tourism sectors. ITO…
HOF Village and Gordon Pointe jointly form Hall of Fame Resort & Entertainment Company
CANTON: HOF Village LLC, the owner of the multi-use sports, entertainment and media destination centered around the Pro Football Hall of Fame in Canton, Ohio, announced the completion of its previously announced business combination with Gordon Pointe Acquisition Corp (GPAQ). The resulting company is named Hall of Fame Resort & Entertainment Company and its common…