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Moore Kuehn Encourages TRIL, OPA, HRC, and CXP Investors to Contact Law Firm

NEW YORK, Sept. 09, 2021 (GLOBE NEWSWIRE) — Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders. Moore Kuehn may seek increased consideration, additional disclosures, or other relief on behalf of the shareholders of these companies:


  • Trillium Therapeutics Inc. (NASDAQ: TRIL)

Trillium has agreed to merge with Pfizer. Under the proposed transaction, Trillium shareholders will receive $18.50 in cash per share.


  • Magnum Opus Acquisition Limited (NYSE: OPA)

Magnum Opus has agreed to merge with Forbes. Under the proposed transaction, Magnum Opus shareholders will only own 24.1% of the combined company.


  • Hill-Rom Holdings, Inc. (NYSE: HRC)

Hill-Rom has agreed to merge with Baxter. Under the proposed transaction, Hill-Rom shareholders will receive $156.00 in cash per share.


  • Columbia Property Trust, Inc. (NYSE: CXP)

Columbia has agreed to merge with Pacific Investment Management. Under the proposed transaction, Columbia shareholders will receive $19.30 in cash per share.

Moore Kuehn is investigating whether the Boards of the above companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process.

Moore Kuehn encourages shareholders who would like to discuss their rights to contact Justin Kuehn, Esq. by email at [email protected] or telephone at (212) 709-8245. The consultation and case are free with no obligation to you. Moore Kuehn pays all case costs and does not charge its investor clients.Shareholders should contact the firm immediately as there may be limited time to enforce your rights.

Moore Kuehn is a 5-star Google client-rated New York City law firm with attorneys representing investors and consumers in litigation involving securities laws, fraud, breaches of fiduciary duties, and other claims. For additional information about Moore Kuehn, please visit http://www.moorekuehn.com/practice/new-york-securities-litigation/.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts:
Moore Kuehn, PLLC
Justin Kuehn, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
[email protected]
(212) 709-8245  



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Diageo 2030 Greenhouse Gas Emission Targets Validated By Science Based Targets Initiative (SBTi)

PR Newswire

LONDON, Sept. 9, 2021 /PRNewswire/ — Diageo, maker of Johnnie Walker, Smirnoff and Guinness has had its 2030 Greenhouse Gas (GHG) emission targets approved by the Science Based Targets initiative (SBTi) as meeting the criteria for the 1.5oC pathway.

Building on a long track-record of ESG progress globally, Diageo is now in the top 1000 companies in the world taking action to address climate change in a data-led and systemic way. Its goal to achieve net zero in direct operations by 2030 (Scope 1 and 2 emissions), and a 50% emission reduction in scope 3, have been calculated in accordance with the principles of Science Based Targets initiative and have been validated.

Dr Kirstie McIntyre, Global Sustainability Director, Diageo PLC, said: “We are passionate about protecting the future of the planet. This demonstrates that our carbon targets are going much further than the required minimum in this critical decade of action to 2030.”

The Science Based Targets initiative defines and promotes best practice in science-based target setting and independently assesses and approves companies’ targets. It is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF).

Diageo has committed to reducing absolute scope 1 and 2 GHG emissions 100% by FY2030 from a FY2020 base year[1]. Diageo has also committed to reducing absolute scope 3 GHG emissions 50% within the same time frame. In addition to this, Diageo commits to increase annual sourcing of renewable electricity from 66% in FY2020 to 100% by FY2030.

In November 2020, Diageo announced a range of 25 bold and ambitious goals in its ‘Society 2030: Spirit of Progress‘ plan. Diageo is focusing its action in three core areas, carefully selected to align with the United Nations Sustainable Development Goals (SDGs): promoting positive drinking; championing inclusion and diversity; and pioneering grain-to-glass sustainability.

Notes to Editors:

For further information please contact: Diageo Press Office: [email protected]; Tel: 07803 856200.

About Diageo

Diageo is a global leader in beverage alcohol with an outstanding collection of brands across spirits, beer and wine categories. These brands include Johnnie Walker, Crown Royal, J&B, Buchanan’s and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.

Diageo is a global company, and our products are sold in more than 180 countries around the world.  The company is listed on both the London Stock Exchange (DGE) and the New York Stock Exchange (DEO).  For more information about Diageo, our people, our brands, and performance, visit us at www.diageo.com.  Visit Diageo’s global responsible drinking resource, www.DRINKiQ.com, for information, initiatives, and ways to share best practice.

Celebrating life, every day, everywhere.

[1] The target boundary includes biogenic emissions and removals from bio energy feed stocks. 

 

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SOURCE Diageo

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The Swiss Helvetia Fund, Inc. Declares Quarterly Distribution Of $0.13755 Per Share

PR Newswire

NEW YORK, Sept. 9, 2021 /PRNewswire/ — The Swiss Helvetia Fund, Inc. (NYSE: SWZ), a non-diversified registered closed-end investment company (the “Fund”), announced today a quarterly distribution of $0.13755 per share of the Fund’s common stock pursuant to the Fund’s managed distribution plan (the “Plan”). The distribution is subject to the following record, ex-dividend and payment dates:

Record Date: September 21, 2021
Ex-Dividend Date: September 20, 2021
Payment Date: September 30, 2021

Pursuant to the Plan, the Fund’s Board of Directors has approved the quarterly distribution of a fixed amount of $0.13755 per share of the Fund’s common stock. The primary purpose of the Plan is to provide the Fund’s stockholders with a more consistent, but not guaranteed, fixed minimum rate of distribution on a regular, quarterly basis. The Plan also may have the effect of narrowing the discount to net asset value per share at which the Fund’s shares trade.

Distributions under the Plan may consist of net investment income, net realized short-term capital gains, net realized long-term capital gains and, to the extent necessary, return of capital (or other capital sources). With each distribution that does not consist solely of net investment income, the Fund will issue a notice to stockholders and an accompanying press release that will provide detailed information regarding the amount and composition of the distribution, as well as certain other related information. The Fund expects to issue any such notice and press release on or about the distribution payment date.

The amounts and sources of distributions reported in each notice will be estimated, are likely to change over time and are not provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund’s investment experience during its full fiscal year and may be subject to changes based on tax regulations. The Fund will send each stockholder a Form 1099-DIV for the calendar year that will tell stockholders how to report distributions for federal income tax purposes.

The current distribution amount of $0.13755 per share of the Fund’s common stock equates to an annualized distribution rate of 6.00% as of October 31, 2020. The annualized rate is expected to change over time as the Fund’s NAV varies. The Board will review periodically the terms of the Plan, including at least annually to determine whether to adjust the amount or the calculation of the distribution rate, which may be affected by numerous factors, including changes in realized and projected market returns, Fund performance and other factors. The Board may amend the terms of the Plan or terminate the Plan at any time without prior notice to the Fund’s stockholders. The amendment or termination of the Plan could have an adverse effect on the market price of the Fund’s shares of common stock.

Unless a stockholder has otherwise elected, distributions declared pursuant to the Plan will be reinvested automatically in shares of the Fund’s common stock as provided in the Fund’s automatic dividend reinvestment plan.

About The Swiss Helvetia Fund, Inc.
The Fund (www.swzfund.com) is a non-diversified, closed-end investment company seeking long-term capital appreciation through investment in equity and equity-linked securities of Swiss companies. Its shares are listed on the NYSE under the symbol “SWZ.” The Fund seeks to achieve its investment objective by investing generally in Swiss equity and equity-linked securities that are traded on a Swiss stock exchange, traded at the pre-bourse level of one or more Swiss stock exchanges, traded through a market maker or traded over the counter in Switzerland. The Fund also may invest in Swiss equity and equity-linked securities of Swiss companies that are traded on other major European stock exchanges.

Closed-end funds, unlike open-end funds, are not continuously offered. Typically, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of the Fund’s shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below or above net asset value.

The Fund is managed by Schroder Investment Management North America Inc.

About Schroder Investment Management North America Inc.
Schroder Investment Management North America Inc. and Schroder Investment Management North America Limited, investment advisors registered with the U.S. SEC, are units of Schroders plc (SDR.L), a global asset management company with approximately $832.2 billion in assets under management as of June 30, 2021. Schroder’s clients include major financial institutions including banks and insurance companies, as well as local and public authorities, public and private pension funds, endowments and foundations, intermediaries and advisors, as well as high net worth individuals and retail investors. The firm has built one of the largest networks of offices of any dedicated asset management company with more than 500 portfolio managers and analysts covering the world’s investment markets, offering a comprehensive range of products and services.

Schroder Investment Management North America Inc. provides asset management products and services to clients in the U.S. and Canada. Schroder Investment Management North America Inc. is an indirect, wholly-owned subsidiary of Schroders plc, a U.K. public company with shares listed on the London Stock Exchange.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of the Fund’s shares in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

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SOURCE The Swiss Helvetia Fund, Inc.

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Acme United Corporation Board Approves Cash Dividend

SHELTON, Conn., Sept. 09, 2021 (GLOBE NEWSWIRE) — The Board of Directors of Acme United Corporation (NYSE American: ACU) declared a cash dividend of 13 cents per share on its outstanding common stock. The dividend is payable on October 22, 2021 to stockholders of record on the close of business on October 1, 2021.

ACME UNITED CORPORATION is a leading worldwide supplier of innovative safety solutions and cutting technology to the school, home, office, hardware, sporting goods and industrial markets. Its leading brands include First Aid Only®, First Aid Central®, PhysiciansCare®, Pac-Kit®,SpillMagic®, Westcott®, Clauss®, Camillus®, Cuda®, DMT®, and Med-Nap. For more information, visit www.acmeunited.com.

Forward-looking statements in this report, including without limitation, statements related to the Company’s plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including the impact that the global COVID-19 pandemic has had and will continue to have on the Company’s business, operations and financial results. These include, the extent of the COVID-19 pandemic, including the duration, spread, severity, and any recurrence of the COVID-19 pandemic including through any new variant strains of the underlying virus; the effectiveness and availability of vaccines; the duration and scope of pandemic-related government orders and restrictions on commercial and other activities, including retail store, office, school and restaurant closures; the duration and scope of the Company’s actions to maintain employee health at our offices, production facilities and distribution centers; the extent of the impact of the COVID-19 pandemic on overall demand for the Company’s products; the pace of recovery when an effective vaccine is widely available or when the pandemic otherwise subsides and the heightened impact the pandemic has on many of the risks described herein, including, without limitation, risks relating to the on-going world-wide economic downturn, and potential disruptions in our supply chain, any of which could adversely impact the Company’s ability to manufacture, source or distribute it products, both domestically and internationally.

These risks and uncertainties further include, without limitation, the following: (i) changes in the Company’s plans, strategies, objectives, expectations and intentions, which may be made at any time at the discretion of the Company; (ii) the impact of uncertainties in global economic conditions, whether caused by COVID-19 or otherwise, including the impact on the Company’s suppliers and customers; (iii) changes in client needs and consumer spending habits, including COVID-19 related changes; (iv) the impact of competition; (v) the impact of technological changes including, specifically, the growth of online marketing and sales activity; (vi) the Company’s ability to manage its growth effectively, including its ability to successfully integrate any business it might acquire; (vii) the Company’s ability to effectively manage its inventory in a rapidly changing business environment, including additional inventory acquired to respond to COVID-19 related uncertainties; (viii) currency fluctuations; (ix) international trade policies and their impact on demand for our products and our competitive position, including the imposition of new tariffs or changes in existing tariff rates; and (x) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.

CONTACT:

Paul G. Driscoll
Acme United Corporation
1 Waterview Drive
Shelton, CT 06484
Phone: (203) 254-6060
FAX: (203) 254-6521



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Choice Hotels International Announces Quarterly Cash Dividend Of $0.225 Per Share

PR Newswire

ROCKVILLE, Md., Sept. 9, 2021 /PRNewswire/ — Choice Hotels International, Inc. (NYSE: CHH), one of the world’s largest lodging franchisors, announced its Board of Directors has declared a cash dividend on the Company’s common stock of $0.225 per share. The dividend is payable on October 15, 2021, to stockholders of record on October 1, 2021.


About Choice Hotels


®



Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. With more than 7,100 hotels, representing over 600,000 rooms, in nearly 40 countries and territories as of June 30, 2021, the Choice® family of hotel brands provides business and leisure travelers with a range of high-quality lodging options from limited service to full-service hotels in the upscale, midscale, extended-stay and economy segments. The award-winning Choice Privileges® loyalty program offers members benefits ranging from everyday rewards to exceptional experiences. For more information, visit www.choicehotels.com.

© 2021 Choice Hotels International, Inc. All Rights Reserved.

 

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SOURCE Choice Hotels International, Inc.

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Xcel Energy Drives Toward Electric Vehicle Future in Colorado

Xcel Energy Drives Toward Electric Vehicle Future in Colorado

New programs make it easier for customers to drive electric and save money

DENVER–(BUSINESS WIRE)–
Xcel Energy announced today that a suite of electric vehicle charging programs is available, making EV charging easy, fast, and more affordable for Colorado customers. In addition to the company’s new residential offerings, new EV programs supporting community charging, businesses, and multifamily buildings are available to empower and assist customers in their EV journey and help them drive electric to save money and reduce carbon emissions.

These programs and offerings are part of the company’s Colorado Transportation Electrification Plan and Xcel Energy’s EV vision to power 1.5 million EVs on the road in the states we serve by 2030. As Xcel Energy increases the amount of renewable and carbon-free energy on its system, customers are increasingly charging with cleaner, reliable, and more affordable energy, allowing people to charge EVs for less than the equivalent of $1 per gallon of gas. In total, over a three-year period, the programs will provide about 20,000 charging plugs in homes, businesses, workplaces, community charging hubs and other public places in Colorado.

“We are absolutely committed to making electric transportation accessible to everyone, and our innovative programs will make it easier for all Colorado customers and communities to consider going electric,” said Alice Jackson, president, Xcel Energy – Colorado. “Our new EV programs can help our customers and communities go even further to reduce carbon emissions by tackling the largest source of carbon emissions in the country – the transportation sector – and at the same time help them save money and enjoy a cleaner environment.”

Xcel Energy’s EV vision aligns with Colorado’s goal to have 940,000 electric vehicles on the roads by 2030, while making electric transportation available to all customers at a range of income levels whether they drive an EV, take transit, or use ridesharing. It also complements Xcel Energy’s vision to deliver 100% carbon-free electricity to customers by 2050. The company’s transition to more electric cars, trucks and buses will help keep bills low for all customers, including those who don’t drive an EV. In Colorado, customer bills are already 34% below the national average.

EV Programs for Xcel Energy Colorado Residential Customers

The company launched four new residential EV programs in Colorado making it easier and less costly for all residential customers in Colorado to drive electric. Eligible customers can now have a charger installed at their house for a low monthly fee, save on energy with a $50 annual reward, get rebates for home wiring upgrades and, for income qualified customers, receive rebates for new or pre-owned car purchases/leases.

EV Accelerate at Home gives customers faster Level 2 chargers, installed and maintained by Xcel Energy, ensuring customers can charge their EV more swiftly than using a simple charger that plugs in to a typical household outlet. Customers pay under $15 per month for the charger rental, installation by a vetted electrician, and charger maintenance for as long as they are in the program.

Optimize Your Charge rewards EV drivers for charging vehicles during off-peak periods with $50 on their bill every October to offset charging costs. It also encourages charging when renewable energy is abundant, often overnight, to reduce the amount of EV charging that occurs during our electric system peak. Participants choose from among three charging windows with flexibility to adjust charging outside the selected charging window.

Home Wiring Rebates are for customers who install a 240-volt electrical circuit that’s necessary to support faster in-home Level 2 charging. Customers can receive a rebate of up to $500 to cover the costs of permitting, materials, installation, and electrical work needed to install the circuit. Costs for purchasing an eligible level 2 charger can also be included. Income qualified customers are eligible for an enhanced rebate of $1,300 to offset costs.

EV purchase/lease rebateallows income qualified customers to apply for a rebate of $5,500 on a new EV purchase or lease, and $3,000 on a pre-owned EV. There is a manufacturer’s suggested retail price limit of $50,000. Combining manufacturer incentives and federal tax credits, this rebate helps bring down the price of an EV.

EV Programs for Colorado Commercial and Community Customers

For businesses, multifamily housing and communities looking to go electric, Colorado customers will have an EV concierge guide them on the journey of electrification while taking advantage of EV infrastructure support and the option of Xcel Energy-provided charging equipment. Businesses, governments, and organizations serving higher emissions or income-qualified communities can also benefit from additional charging equipment rebates.

Fleet EV solutionssupport businesses, organizations, communities, and governments with building transportation electrification plans, using their own fleet operation data and business goals. For eligible customers, Xcel Energy provides a free suitability assessment, data analysis and advisory services as the first step to electrification, saving customers significant amounts of time and money.

Possible next steps include design and construction of infrastructure (from traditional distribution services up to the charging equipment), various rate plans, and options for Xcel Energy provided charging equipment. For eligible income qualified customers or EV projects in high emissions communities (HEC), charging equipment rebates are an option and include up to $2,200 for each eligible Level 2 charging port and up to $45,000 for each eligible direct current fast charging (DCFC) port.

Workplace EV solutionsenable businesses and organizations looking to install EV charging for employee or customer use with the EV infrastructure needed for four or more charging ports. Qualifying customers receive no- to low-cost design and construction of infrastructure—typically, from the customer’s meter to the charging port—plus, comprehensive advisory services, and the option to pay a monthly fee for Xcel Energy provided charging equipment. As with Fleet EV Solutions, eligible income qualified customers or EV projects in an HEC can qualify for charging equipment rebates including up to $2,200 for each eligible Level 2 charging port and up to $45,000 for each eligible direct current fast charging (DCFC) port.

Public and community charging hub EV solutionshelp expand Level 2 and fast charging options for EV drivers away from home. Businesses, municipalities, and community-focused organizations can receive no- to low-cost design and construction of infrastructure—typically, from the customer’s meter to charging equipment—and comprehensive advisory services. Customers that meet our Community Charging Hub program qualifications can earn rebates if they meet income-qualified criteria or are located within an HEC including up to $2,200 for each eligible Level 2 charging port and up to $31,200 for each eligible direct current fast charging (DCFC) port. Note that a minimum of four Level 2 ports are required to be considered as a Community Charging Hub.

Multifamily EV solutionsprovide EV infrastructure and charging options for existing and new construction multifamily buildings. Services include design and construction of infrastructure, advisory services, and the option to pay a monthly fee for Xcel Energy-provided charging equipment. Developers or building owners and managers can earn rebates equaling $2,000 per charging port for adding extra, qualifying EV parking spots to their sites during the design phase. Business customers in High Emission and Income Qualified communities will find it affordable to install Level 2 or DCFC EV chargers with Xcel Energy’s charger rebate programs.

More information about electric vehicles, and these new programs are available on the Xcel Energy website.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.

Xcel Energy Media Relations

(303) 294-2300

www.xcelenergy.com

KEYWORDS: United States North America Minnesota Colorado

INDUSTRY KEYWORDS: Residential Building & Real Estate Automotive Construction & Property Other Energy Other Automotive Utilities Alternative Vehicles/Fuels Coal Alternative Energy Environment Energy

MEDIA:

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Stockholders Re-Elect All Box Director Nominees at 2021 Annual Meeting

Stockholders Re-Elect All Box Director Nominees at 2021 Annual Meeting

REDWOOD CITY, Calif.–(BUSINESS WIRE)–
Box, Inc. (NYSE: BOX) (“Box”) today announced that, based on the preliminary vote count provided by its proxy solicitor following the company’s 2021 Annual Meeting of Stockholders (“Annual Meeting”), Box stockholders have decisively voted to re-elect all three of its highly qualified director nominees – Dana Evan, Peter Leav and Aaron Levie – to the company’s Board of Directors. Box issued the following statement:

Box appreciates the support and perspectives we have received from our stockholders throughout this process. The Board and management team will remain focused on continuing to transform Box and executing Box’s strategy to grow profitably and deliver significant value to all Box stockholders.

The preliminary results also indicate that stockholders have approved all other proposals considered at Box’s Annual Meeting.

Box expects to file the voting results, as tabulated by the independent Inspector of Elections on a Form 8-K with the Securities and Exchange Commission.

Advisors

Morgan Stanley & Co. LLC is serving as financial advisor to Box. Wilson Sonsini Goodrich & Rosati, P.C. and Sidley Austin LLP are serving as legal advisors to Box.

About Box

Box (NYSE:BOX) is the leading Content Cloud that enables organizations to accelerate business processes, power workplace collaboration, and protect their most valuable information, all while working with a best-of-breed enterprise IT stack. Founded in 2005, Box simplifies work for leading organizations globally, including AstraZeneca, JLL, and Morgan Stanley. Box is headquartered in Redwood City, CA, with offices in the United States, Europe, and Asia. To learn more about Box, visit http://www.box.com. To learn more about how Box powers nonprofits to fulfill their missions, visit Box.org.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks, uncertainties, and assumptions, including statements regarding Box’s ability to grow and scale its business and its ability to achieve profitability on a quarterly or ongoing basis. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: (1) adverse changes in general economic or market conditions, including those caused by the COVID-19 pandemic; (2) delays or reductions in information technology spending; (3) factors related to Box’s highly competitive market, including but not limited to pricing pressures, industry consolidation, entry of new competitors and new applications and marketing initiatives by Box’s current or future competitors; (4) the development of the cloud content management market; (5) the risk that Box’s customers do not renew their subscriptions, expand their use of Box’s services, or adopt new products offered by Box on a timely basis, or at all; (6) Box’s ability to provide timely and successful enhancements and integrations, new features, integrations and modifications to its platform and services; (7) actual or perceived security vulnerabilities in Box’s services or any breaches of Box’s security controls; (8) Box’s ability to realize the expected benefits of its third party partnerships; (9) the potential impact of shareholder activism on Box’s business and operations; and (10) Box’s ability to successfully integrate acquired businesses and achieve the expected benefits from those acquisitions. Further information on these and other factors that could affect the forward-looking statements we make in this press release can be found in the documents that we file with or furnish to the US Securities and Exchange Commission, including Box’s most recent Quarterly Report on Form 10-Q filed for the fiscal quarter ended July 31, 2021. The estimated preliminary vote results set forth in this press releases are forward-looking statements. These estimates have been prepared by the company’s proxy solicitor based on its work performed in connection with Box’s Annual Meeting. These results are preliminary estimates only and are subject to change based on the certification of the voting results by the independent Inspector of Elections. These statements are based on estimates and information available to us at the time of this press release and are no guarantees of future performance. We assume no obligation and do not intend to update these forward-looking statements or to conform these statements to actual results or to changes in our expectations.

Investors:

Cynthia Hiponia / Elaine Gaudioso

+1 650-209-3463

[email protected]

Or

Innisfree M&A Incorporated

Larry Miller / Jennifer Shotwell

212-750-5833

Media:

Denis Roy / Rachel Levine

+1 650-543-6926

[email protected]

Or

Joele Frank, Wilkinson Brimmer Katcher

Leigh Parrish / Dan Moore

+1 212-355-4449

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Data Management Technology Software Networks Internet Hardware

MEDIA:

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ECS Named Prime on $36.7 Million USCENTCOM Contract

ECS Named Prime on $36.7 Million USCENTCOM Contract

Company to provide critical mission solutions for CENTCOM and component commands

FAIRFAX, Va.–(BUSINESS WIRE)–ECS, a leader in advanced technology, science, and engineering solutions, has been awarded a five-year, $36.7 million contract by the United States Central Command (CENTCOM). Through this firm fixed-priced, prime contract, ECS will support CENTCOM’s Operations Directorate Command and Control Division (CCJ3/C) as they execute military operations critical to regional security and the country’s enduring interests.

ECS will provide CENTCOM with the personnel, supervision, and services necessary to support critical missions and operations. ECS subject matter experts will perform classified and unclassified work in areas of command and control (C2), information sharing collaboration and innovation (ISCI), information management (IM), knowledge management (KM), as well as coalition interoperability and security cooperation. ECS experts will also provide support for missile defense and unmanned aircraft systems and applications.

“CENTCOM leads vital missions in dynamic and challenging environments,” said Marshall Thames, senior vice president of mission solutions at ECS. “We look forward to working with them and the component commands as they execute missions critical to global security.”

“The new CENTCOM contract is a continuation of our longtime partnership with the Department of Defense (DoD),” said John Heneghan, chief operating officer at ECS. “Our experience will help us deliver crucial mission solutions that strengthen the security posture of CENTCOM’s forces as well as those of our coalition partners.”

About ECS

ECS, ASGN’s federal government segment, delivers advanced solutions in cloud, cybersecurity, data and artificial intelligence (AI), application and IT modernization, science, and engineering. The company solves critical, complex challenges for customers across the U.S. public sector, defense, intelligence, and commercial industries. ECS maintains partnerships with leading cloud, cybersecurity, and AI/ML providers and holds specialized certifications in their technologies. Headquartered in Fairfax, Virginia, ECS has more than 3,500 employees throughout the United States. For more information, visit ECStech.com.

About ASGN Incorporated

ASGN Incorporated (NYSE: ASGN) is one of the leading providers of IT services and professional solutions, including technology, creative, and digital, across the commercial and government sectors. ASGN helps leading corporate enterprises and government organizations develop, implement and operate critical IT and business solutions through its integrated offering of professional staffing and IT solutions. ASGN’s mission is to be the most trusted partner for companies seeking highly skilled human capital and integrated solutions to fulfill their strategic and operational needs. For more information, visit us at asgn.com.

Marshall Thames, Senior Vice President of Mission Solutions

(703) 270-1540

[email protected]

KEYWORDS: United States North America District of Columbia Virginia

INDUSTRY KEYWORDS: Technology Other Defense Contracts Security Other Technology Networks Internet Data Management Defense

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Starboard Delivers Open Letter To Box Stockholders

PR Newswire

NEW YORK, Sept. 9, 2021 /PRNewswire/ — Starboard Value LP (together with its affiliates, “Starboard” or “we”), one of the largest stockholders of Box, Inc. (“Box” or the “Company”) (NYSE: BOX), with an ownership stake of approximately 8.8% of the Company’s outstanding shares, today announced that it has delivered an open letter to Box stockholders.

The full text of Starboard’s open letter to Box stockholders follows and can also be viewed at the following link:

https://shareholdersforbox.com/wp-content/uploads/2021/09/Starboard_Value_LP_Letter_to_BOX_Stockholders_09.09.2021.pdf

A LETTER TO THE STOCKHOLDERS OF BOX, INC.

September 9, 2021

Dear Fellow Stockholders,

As you know, Starboard Value LP (together with its affiliates, “Starboard” or “we”) is one of the largest stockholders of Box, Inc. (“Box” or the “Company”), with an ownership stake of approximately 8.8% of the Company’s outstanding shares.

We invested in Box more than two years ago based on our view that the Company could significantly improve its performance and create substantial value after years of underperformance. From the outset, our only goal has been to help Box create long-term value for the benefit of all stockholders. We have pushed the Company to improve operations, corporate governance, executive compensation practices, and capital allocation with the goal of driving improved stockholder returns.

After failing to address issues in these areas prior to our involvement, some progress has been made under immense pressure from Starboard and other common stockholders over the past two years. During this campaign, independent proxy advisory firms Institutional Shareholder Services Inc., Glass, Lewis & Co., and Egan-Jones Proxy Services have all recognized our involvement as the key driver of the positive changes that have taken place at Box over the past two years.

Today, the Company is seeing mild improvements in growth trends and is significantly more profitable than it was prior to our involvement. Additionally, during the pendency of this election contest, Box has taken actions to appoint an independent Chair of the Board of Directors (the “Board”) and remove the highly problematic supermajority voting requirement to amend the Charter and Bylaws, while committing to several other governance and compensation program enhancements. Although there is significantly more to be accomplished and serious issues still exist, these are positive steps. As a result, Box’s stock price has increased by 71% since our Schedule 13D filing in September 20191, which stands in stark contrast to the (36%) decrease in Box’s stock price from the day following its IPO to the day prior to our Schedule 13D filing2.

We are certainly disappointed by the results of this election, which were heavily skewed by the voting rights tied to the preferred equity financing and the use of stockholder capital to aggressively repurchase shares ahead of the record date from stockholders likely to support change. At this juncture, the future of Box is in the Board’s hands, and there is a significant amount of work left to be done. Many commitments have been made, and we hope that Box will finally be able to follow through on its promises to drive improved results, accountability, governance, and compensation practices.

As this campaign concludes, we are appreciative of the support received from our fellow stockholders. As we have repeatedly stated, our only goal has been to help Box perform better and adopt best-in-class practices across operating performance, financial results, governance, and compensation in order to create long-term value for the benefit of all stockholders. We will continue to monitor progress at Box, and we hope to see the Company embrace the changes catalyzed by our involvement and create long-term value.

Respectfully,

Peter A. Feld

Managing Member
Starboard Value LP

About Starboard Value LP
Starboard Value LP is a New York-based investment adviser with a focused and differentiated fundamental approach to investing primarily in publicly traded U.S. companies. Starboard seeks to invest in deeply undervalued companies and actively engage with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.

Investor contacts:

[email protected]

www.starboardvalue.com 

_________________
1 Source: Capital IQ. Stock price performance represents performance from September 2, 2019, the day prior to the Schedule 13D filing to September 8, 2021.
2 Source: Capital IQ. Stock price performance prior to Schedule 13D filing represents performance from January 23, 2015, the day following Box’s IPO to September 2, 2019.

Cision View original content:https://www.prnewswire.com/news-releases/starboard-delivers-open-letter-to-box-stockholders-301372665.html

SOURCE Starboard Value LP

Posted on

Ferro Shareholders Approve Acquisition by an Affiliate of Prince

Ferro Shareholders Approve Acquisition by an Affiliate of Prince

CLEVELAND–(BUSINESS WIRE)–
Ferro Corporation (NYSE: FOE), a leading global supplier of technology-based functional coatings and color solutions, today announced that its shareholders voted overwhelmingly to approve its acquisition by an affiliate of Prince International Corporation at a special meeting of Ferro shareholders held today.

Under the terms of the proposed merger, Ferro shareholders will have the right to receive $22.00 in cash, without interest and less any applicable withholding taxes, for each share of Ferro common stock that they own immediately prior to the effective time. Upon the terms and subject to the satisfaction or waiver of the conditions set forth in the merger agreement and in accordance with the Ohio General Corporation Law, at the effective time of the merger, PMHC Fortune Merger Sub, Inc., an affiliate of Prince, will merge with and into Ferro, with Ferro continuing as the surviving corporation in the merger and as a direct or indirect wholly owned subsidiary of Prince.

Ferro continues to anticipate that the closing of the merger will occur in the first quarter of 2022 pending antitrust and regulatory approvals, and satisfaction of other customary closing conditions.

About Ferro Corporation

Ferro Corporation (www.ferro.com) is a leading global supplier of technology-based functional coatings and color solutions. Ferro supplies functional coatings for glass, metal, ceramic and other substrates and color solutions in the form of specialty pigments and colorants for a broad range of industries and applications. Ferro products are sold into the building and construction, automotive, electronics, industrial products, household furnishings and appliance markets. The Company’s reportable segments include: Functional Coatings and Color Solutions. Headquartered in Mayfield Heights, Ohio, the Company has approximately 3,700 associates globally and reported 2020 sales of $959 million.

Cautionary Note Regarding Forward-Looking Statements

This Current Report on Form 8-K contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We intend for these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws relating to forward-looking statements. These forward-looking statements include statements relating to the expected timing, completion and effects of the proposed merger, as well as other statements representing management’s beliefs about, future events, transactions, strategies, operations and financial results, including, without limitation, our expectations with respect to the costs and other anticipated financial impacts of the merger; future financial and operating results of Ferro; Ferro’s plans, objectives, expectations and intentions with respect to future operations and services; required approvals to complete the merger by our shareholders and by governmental regulatory authorities, and the timing and conditions for such approvals; the stock price of Ferro prior to the consummation of the transactions; and the satisfaction of the closing conditions to the proposed merger. Such forward-looking statements often contain words such as “assume,” “will,” “anticipate,” “believe,” “predict,” “project,” “potential,” “contemplate,” “plan,” “forecast,” “estimate,” “expect,” “intend,” “is targeting,” “may,” “should,” “would,” “could,” “goal,” “seek,” “hope,” “aim,” “continue” and other similar words or expressions or the negative thereof or other variations thereon. Forward-looking statements are made based upon management’s current expectations and beliefs and are not guarantees of future performance. Such forward-looking statements involve numerous assumptions, risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements. Our actual business, financial condition or results of operations may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties which include, among others, those risks and uncertainties described in any of our filings with the Securities and Exchange Commission (the “SEC”). Certain other factors which may impact our business, financial condition or results of operations or which may cause actual results to differ from such forward-looking statements are discussed or included in our periodic reports filed with the SEC and are available on our website at www.ferro.com under “Investors.” You are urged to carefully consider all such factors. Although it is believed that the expectations reflected in such forward-looking statements are reasonable and are expressed in good faith, such expectations may not prove to be correct and persons reading this Current Report on Form 8-K are therefore cautioned not to place undue reliance on these forward-looking statements which speak only to expectations as of the date of this Current Report on Form 8-K. We do not undertake or plan to update or revise forward-looking statements to reflect actual results, changes in plans, assumptions, estimates or projections, or other circumstances occurring after the date of this Current Report on Form 8-K, even if such results, changes or circumstances make it clear that any forward-looking information will not be realized. If we make any future public statements or disclosures which modify or impact any of the forward-looking statements contained in or accompanying this Current Report on Form 8-K, such statements or disclosures will be deemed to modify or supersede such statements in this Current Report on Form 8-K.

Investor Contact:

Kevin Cornelius Grant, 216.875.5451

Director of Investor Relations and Corporate Communications

[email protected]

KEYWORDS: Ohio United States North America

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