Tag: Completes

HPE Completes Acquisition of SD-WAN Leader Silver Peak

Combination creates comprehensive networking portfolio to accelerate customers’ edge-to-cloud transformation

SAN JOSE, Calif.–(BUSINESS WIRE)–
Hewlett Packard Enterprise (NYSE: HPE) today announced it has completed the acquisition of Silver Peak, an SD-WAN (Software-Defined Wide Area Network) leader, in a transaction valued at $925 million. Silver Peak will become a part of Aruba, a Hewlett Packard Enterprise company. The acquisition will strengthen Aruba ESP (Edge Services Platform), helping to advance enterprise cloud transformation with a comprehensive edge-to-cloud networking solution covering all aspects of wired, wireless local area networking (LAN) and wide area networking (WAN).

“WAN transformation is a key component of HPE’s Intelligent Edge and edge-to-cloud vision and growth strategy,” said Antonio Neri, president and CEO of HPE. “Armed with a comprehensive SD-WAN portfolio with the addition of Silver Peak, we will accelerate the delivery of a true distributed cloud model and cloud experience for

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CarMax completes nationwide roll out of its home delivery and online buying service | Business News

CarMax has completed its national roll out of the chain’s omni-channel car buying experience where customers can buy a car either completely from home, in-store or a combination of both.

The new buying experience enables a customer to buy a used vehicle online and have it delivered to the home, or the person can do part of the car-buying process online before completing the purchase in person at a store.

The Goochland County-based automotive retailer began rolling out its new car-buying service last year.

“When we set out to create the future of car buying, we knew that customers wanted personalized, convenient and on-demand retailer experiences where they can seamlessly navigate between online and in-person, all on their own terms,” Bill Nash, CarMax’s president and CEO, said in a statement.

CarMax said its research found that customers didn’t want to be forced to interact 100% inside of one of its

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Largest Used Car Retailer Completes Roll Out of Online Car Buying Nationwide

CarMax’s personalized e-commerce capabilities and nationwide store footprint empowers customers to buy a car on their terms, doing as much, or as little, online and in-person as they prefer

CarMax, Inc. (NYSE: KMX), the nation’s largest retailer of used cars, today announced the completion of its omni-channel rollout, which gives CarMax the largest addressable market in the used car industry. This unique omni-channel experience empowers customers to buy a car on their terms – online, in-store, and a seamless integration of both. The announcement was made in the company’s second quarter earnings release, where the company reported record results and profitability.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200924005591/en/

CarMax customers have the option to buy a car online and receive delivery through contactless curbside pickup, available nationwide, or home delivery, available to most customers. (Photo: Business Wire)

Customers nationwide can leverage CarMax’s personalized e-commerce capabilities to

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DPW Holdings Announces Ecommerce Business, ItsLikeFashion.com, Completes Beta Testing for Brand …

NEWPORT BEACH, Calif., Sept. 21, 2020 (GLOBE NEWSWIRE) — DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (“DPW,” or the “Company”), announced today that its subsidiary, It’sLikeFashion.com, Inc. (“It’sLikeFashion”) https://www.ItsLikeFashion.com, a membership-only Ecommerce business, has successfully completed beta testing of its online platform. The Company stated it anticipates reporting revenue from It’sLikeFashion in the fourth quarter of 2020.

ItsLikeFashion.com offers household brand name and luxury items ranging from apparel, bags, purses, shoes and accessories, to linens, bedding and similar items at prices discounted up to 90% off retail prices. Members will be able to access a variety of luxury and brand name items directly through the website, https://www.ItsLikeFashion.com, or through their favorite online channels such as Facebook, Instagram, Twitter, Pinterest, YouTube and LinkedIn, providing a unique private shopping, touch-free, Covid-19 safe experience.

The Company is also leveraging the power of social media to conduct exclusive “pop-up”

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Columbus Crew’s new training facility completes stage of construction ahead of summer 2021 opening – Sports – The Columbus Dispatch

Stamped with the Columbus Crew SC name and the signatures of club staff and players, the final steel beam was raised to the top of the Ohio Health Performance Center on the west side of Mapfre Stadium on Friday afternoon to commemorate an ending of one phase of construction on the club’s new training facility.

On schedule to open June 2021, about a month before the new downtown stadium opens next year, the $30 million training facility will be 42,000 square feet with three fields for the Crew and one for the Crew Academy youth teams.

Both the first team and academy will have their own locker rooms, lounges, training and workout rooms at the facility with a full dining area and kitchen. The first team will have its own sleep and recovery room in addition to a hydrotherapy area.

Crew chief business officer Steve Lyons said the next phase

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Halo Labs Completes Issuance of Shares to Independent Consultants, Directors, Employees and Suppliers

TORONTO–(BUSINESS WIRE)–Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) today announced the issuance of 15,566,078 common shares of the Company to certain independent consultants, directors, employees, and suppliers of the Company, in lieu of cash consideration (the “Compensation Shares”) at a price of C$0.10 per Compensation Share, being the closing price of the common shares of the Company on September 4, 2020.

Kiran Sidhu, Chief Executive Officer of the Company, stated “The willingness of our consultants, over the past 12 months, to satisfy certain of the Company’s obligations in shares has helped us conserve cash as we navigated the recent volatility in global markets. Following the launch of our at-the-market financing program and the recently announced promissory note that provides the Company with $14 million in available funds, we are now positioned to shift away from

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Stepan Completes Acquisition of Surfactant Business and Sulfate Production Equipment in Mexico from Clariant

NORTHFIELD, Ill., Sept. 17, 2020 /PRNewswire/ — Stepan Company (NYSE: SCL) today reported that, through subsidiaries in Mexico, it has closed on an agreement with Clariant (Mexico) S.A. de C.V. to acquire Clariant’s anionic surfactant business and associated sulfation equipment located in Santa Clara, Mexico.  Financial terms of the transaction were not disclosed.

“This acquisition supports Stepan’s growth strategy in Latin America and enhances our ability to support our customers’ growth in the Mexican Consumer and Functional markets for surfactants,” said F. Quinn Stepan, Jr., Chairman, President and Chief Executive Officer of Stepan. “We look forward to transitioning customers’ supply to Stepan’s Ecatepec and Matamoros Mexico facilities over the coming months.”

Corporate Profile

Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. Stepan is a leading merchant producer of surfactants, which are the key ingredients

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ADNOC completes $1 billion institutional placement for distribution business

DUBAI (Reuters) – State-run Abu Dhabi National Oil Company (ADNOC) said on Monday it had completed a placement to institutional investors of 10% in its subsidiary ADNOC Distribution’s ADNOCDIST.AD total share capital, or 1.25 billion shares, valued at $1 billion.

FILE PHOTO: A general view of ADNOC headquarters in Abu Dhabi, United Arab Emirates May 29, 2019. REUTERS/Christopher Pike/File Photo

The placement will increase ADNOC Distribution’s free float to 20%, and contribute to improved liquidity of the company, ADNOC said in a statement. ADNOC will retain an 80% strategic stake in ADNOC Distribution and continues to see strong growth potential in the company, it added.

The transaction represents “the largest block placement of a publicly listed” company in the Gulf region and “leverages significant investor demand for ADNOC Distribution shares”, ADNOC said.

In 2017, ADNOC listed 10% of ADNOC Distribution, the largest operator of petrol stations and convenience stores in

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PDL BioPharma Completes Divestiture of the Noden Pharmaceutical Business to Stanley Capital

The MarketWatch News Department was not involved in the creation of this content.


INCLINE VILLAGE, Nev., Sept. 9, 2020 /PRNewswire via COMTEX/ —
INCLINE VILLAGE, Nev., Sept. 9, 2020 /PRNewswire/ — PDL BioPharma, Inc. (“PDL” or the “Company”) (Nasdaq: PDLI) announces the closing of the sale of its wholly owned subsidiaries Noden Pharma DAC and Noden Pharma USA (collectively “Noden”) to Stanley Capital.  The total value of the transaction will result in payments to PDL of up to $52.83 million in cash, $4.58 million greater than previously announced.

“After running an extensive process, we are excited about closing this transaction with Stanley Capital,” commented PDL’s President and CEO Dominique Monnet.  “It represents the completion of a key divestiture for PDL and an exciting opportunity for the Noden team.”

Payments to PDL, in connection with the closing of the transaction, are $12.72 million.  The agreement provides for an additional $33 million

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Tricor Completes a Strategic Investment in Praxonomy to Enhance Digital Capabilities in Corporate Governance and Virtual Board Meetings

Tricor Group (Tricor), Asia’s leading business expansion specialist providing integrated business, corporate, investor, human resources and payroll, corporate trust and debt services, announced today that it has completed a strategic investment in Praxonomy, a technology company specializing in providing a platform for boards and executives to manage their agendas, documents and priorities through a cloud-based board management software. The transaction enhances Tricor’s digital strategy and this investment will enable Tricor to deliver board and corporate meetings to its customers more efficiently and securely via a board portal.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200908005864/en/

Mr. Joe Wan, CEO of Tricor Hong Kong (right) hosted signing ceremony with Mr. Jay Shaw, Founder & CEO of Praxonomy (left). (Photo: Business Wire)

Praxonomy’s technology already powers Tricor’s newly announced digital board portal offering, Boardfolio, and will complement SPOT, Tricor’s Hybrid Meeting solution. Boardfolio is an advanced board portal

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