Tag: Statement

Gores Metropoulos, Inc. Files Registration Statement on Form S-4 in Connection With Proposed Business Combination With Luminar Technologies, Inc.

LOS ANGELES–(BUSINESS WIRE)–Sep 15, 2020–

Gores Metropoulos, Inc. (the “ Company ”), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, a global investment firm founded in 1987 by Alec Gores, and by an affiliate of Dean Metropoulos of Metropoulos & Co., filed a registration statement on Form S-4 with the SEC (the “ Registration Statement ”) in connection with its previously announced proposed business combination with Luminar Technologies, Inc. (“ Luminar ”), a global leader in lidar autonomous driving technology. The Registration Statement is not yet effective. The Registration Statement, including the proxy statement/consent solicitation statement/prospectus contained therein, when it is declared effective by the Securities and Exchange Commission (“ SEC ”), will contain important information about the proposed business combination contemplated by the Agreement and Plan of Merger by and among the Company, Dawn Merger Sub, Inc., Dawn Merger Sub II, LLC and

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Navistar Board Of Directors Issues Statement Regarding Revised Proposal From TRATON

LISLE, Ill., Sept. 14, 2020 /PRNewswire/ — Navistar International Corporation (NYSE: NAV) today issued a statement from its Board of Directors regarding the revised proposal from TRATON SE.

Navistar’s Board of Directors, after careful consideration with the assistance of its financial and legal advisors, has unanimously concluded that while TRATON’s revised proposal of $43.00 per share significantly undervalues the Company and substantial synergies from a combination, it does represent a starting point for further exploring the possibility of a transaction. TRATON has developed a strong strategic relationship with the Company in recent years, and, in light of the 23% increase in their proposal, the Board believes the best way for TRATON to appreciate the true value of a potential combination is to allow it to conduct due diligence and engage in further synergy discussions with the Company.

Navistar does not intend to make any additional comments regarding the proposal,

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This Week: FedEx earns, Fed policy statement, housing starts

A look at some of the key business events and economic indicators upcoming this week:

DELIVER THIS

Wall Street expects that FedEx’s latest quarterly report card will show mixed results.

Analysts predict the package delivery company will report Tuesday that its fiscal first-quarter earnings declined from a year earlier, even as revenue rose. FedEx has benefited from a boom in online shopping as the pandemic drags on. The company recently said it plans to hire up to 70,000 seasonal workers, a big jump from 55,000 last year.


THE FED SPEAKS

The Federal Reserve delivers its latest interest rate policy update and economic assessment Wednesday.

The remarks will follow a two-day meeting of the central bank’s policymakers. At their last meeting in July, policymakers kept the Fed’s key interest rate unchanged at a record low near zero. Fed policymakers also pledged to keep rates low until they are confident that the

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Statement From Louis Audet With Regard to the Unsolicited, Non-Binding Proposal From Altice USA and Rogers Communications Inc.

MONTREAL, Sept. 7, 2020 /PRNewswire/ – As the designated representative of the Audet family, who holds controlling shares of Cogeco Inc. and, indirectly, Cogeco Communications Inc., I want to provide absolute clarity for stakeholders regarding our intentions in response to the recent unsolicited proposal to acquire Cogeco. Our shares are not for sale. And let me be clear, our refusal is not a negotiating position, it is definitive.

Our father launched this company 63 years ago in Trois-Rivières, Quebec, planting the seeds for a business that is an incredible growth story today. The company went public in 1985, and annual revenues at that time had grown to $20M. Today, they are $2.5B. The business is well-managed, growing, strategically positioned for the evolving and dynamic future of the telecommunications and media industries.

My family, in cooperation with our boards of directors and management team, takes great pride

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