Should you invest in Nio, Slack Technologies, Salesforce, JetBlue Airways, or Johnson & Johnson?

PR Newswire

NEW YORK, Dec. 2, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for NIO, WORK, CRM, JBLU, and JNJ.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock’s suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street’s opinion including a 12-month price forecast.

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/should-you-invest-in-nio-slack-technologies-salesforce-jetblue-airways-or-johnson–johnson-301183867.html

SOURCE InvestorsObserver

Thinking about buying stock in Sundial Growers, Zomedica, Advanced Micro Devices, Jaguar Health, or Onconova Therapeutics?

PR Newswire

NEW YORK, Dec. 2, 2020 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for SNDL, ZOM, AMD, JAGX, and ONTX.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

·  SNDL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=SNDL&prnumber=120220206 

·  ZOM: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=ZOM&prnumber=120220206 

·  AMD: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=AMD&prnumber=120220206 

·  JAGX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=JAGX&prnumber=120220206 

·  ONTX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=ONTX&prnumber=120220206 

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/thinking-about-buying-stock-in-sundial-growers-zomedica-advanced-micro-devices-jaguar-health-or-onconova-therapeutics-301183868.html

SOURCE InvestorsObserver

Forestry Groups Applaud the Proposed Listing of Whitebark Pine as ‘Threatened’ Under the Endangered Species Act as an Important Step in the Pine’s Recovery

The pine is a “poster child” for the conservation of forest species threatened by disease and climate change

Denver, CO, Dec. 02, 2020 (GLOBE NEWSWIRE) — Today, the U.S. Fish and Wildlife Service proposed that the whitebark pine should be listed as a threatened species, making it the most widespread tree to be listed under the Endangered Species Act.

Whitebark pines are native to high-elevation forests across the western United States and Canada. Despite their large range, whitebarks are rapidly vanishing due to white pine blister rust fungus, an introduced disease that has wiped out up to 90% of the pines in many northern forests. At the same time, climate change is exacerbating droughts, wildfires and bark beetle outbreaks, which weaken and kill whitebarks, and alter their range.  

Whitebark pines are a keystone species, creating critical plant and wildlife habitat on otherwise barren mountain slopes. Their fat-rich seeds are a crucial component of many animals’ diets, including grizzly bears. The pines’ umbrella-like growth shades snow and creates natural snow banks, helping to ensure a steady release of water in the spring.

The Whitebark Pine Ecosystem Foundation and American Forests welcomed the decision. Since 2016, the two nonprofits have collaborated with the U.S. Forest Service on the National Whitebark Pine Restoration Plan, a cooperative partnership among federal agencies and nongovernmental organizations to plan, fund and implement large-scale restoration of the whitebark pine.

 “This is a watershed proposed listing given the immense size of the species’ range, and the severity and complexity of its threats. Whitebark pine is the poster child for the extreme harms of exotic disease and climate change. Luckily, we have the tools and capability to make whitebark populations more resilient.  The National Whitebark Pine Restoration Plan, which will implement these restoration tools, offers a new model for forest restoration and management,” says Dr. Diana F. Tomback, the Whitebark Pine Ecosystem Foundation’s policy & outreach coordinator, and a professor of integrated biology at the University of Colorado Denver.

“Critical to the species’ survival is finding, growing and planting whitebark pines that are resistant to blister rust fungus. Disease-screening programs have shown tremendous promise. American Forests has already helped to plant 500,000 disease-resistant whitebark seedlings. The “threatened” listing brings much need attention and resources to the restoration effort,” says Eric Sprague, American Forests’ vice president of forest restoration.

###



Photos of the whitebark pine are available 

here

.


Whitebark Pine Ecosystem Foundation
(WPEF) is a science-based nonprofit that promotes conservation of whitebark pine by supporting restoration, research, education and outreach.


American Forests
is the nation’s oldest conservation nonprofit, founded in 1875. It focuses on climate-informed forest protection and restoration across North America.



Allison Guy
American Forests
202-370-4509
[email protected]

Rockley Photonics Collaborates with Cadence to Create a High-Performance System for Hyperscale Data Centers

Rockley Photonics Collaborates with Cadence to Create a High-Performance System for Hyperscale Data Centers

Highlights:

  • Comprehensive set of Cadence system analysis and custom tools enable Rockley Photonics to achieve first-pass success
  • Differentiated electromagnetic flow provided a 12X performance improvement over legacy design flows

SAN JOSE, Calif.–(BUSINESS WIRE)–
Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced that Rockley Photonics, a leading supplier of integrated photonic solutions, has deployed a comprehensive set of Cadence® system analysis and custom tools to design a state-of-the-art, high-performance System-in-Package (SiP) for hyperscale data centers. Using a broad suite of Cadence tools, Rockley Photonics achieved first-pass success, accelerating time to market.

The Rockley Photonics device is a complex system-in-package solution, comprised of discrete chiplets connected through a high-speed 112G PAM4 serial interface. To successfully complete the project, the Rockley Photonics design team needed a powerful, comprehensive combination of Cadence system analysis and custom tools, featuring the Clarity 3D Solver, Allegro® technologies and the EMX® 3D Planar Solver; custom technologies including the Virtuoso® RF Solution and Spectre® X Simulator; and the Quantus Extraction System for signoff. The Cadence design tools—across chip, package, board and system—offer a tight integration that doesn’t exist with other solutions on the market, providing Rockley with a complete solution for system innovation.

The Rockley engineering team utilized the Clarity 3D Solver to analyze system-level electromagnetics effects, a task they couldn’t achieve with other tools. Using the Clarity 3D Solver from within the Virtuoso RF Solution, Rockley Photonics’ engineers successfully modeled coupling between the chiplets, the board, and the high-speed transmission lines—including wirebonds—all the way to the photonics chiplet, ensuring complete system performance. In addition, the Cadence EMX® 3D Planar Solver provided a truly differentiated electromagnetic flow that enabled Rockley Photonics to demonstrate a 12X performance improvement over legacy design flows.

“At Rockley Photonics, we routinely evaluate our system design methodology so we can find ways to improve and enable our engineering team to perform at their peaks,” said David Nelson, vice president, IC design at Rockley Photonics. “By using the integrated Cadence flow, we were able to capture a deterioration in the 50-60GHz frequency range through its cross-fabric coupling capabilities, whereas our previous flow, which utilized a single-fabric approach, was not able to capture the deterioration. In addition, the Clarity 3D Solver demonstrated impressive scaling up to 128 CPUs, and the entire 100GHz cross-fabric design was extracted in just three hours.”

The Cadence system analysis and custom tools support the company’s broader Intelligent System Design strategy, providing customers with an efficient path to achieve system innovation. For more information, visit www.cadence.com/go/systemrpr.

About Cadence

Cadence is a pivotal leader in electronic design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence customers are the world’s most innovative companies, delivering extraordinary electronic products from chips to boards to systems for the most dynamic market applications including consumer, hyperscale computing, 5G communications, automotive, mobile, aerospace, industrial and healthcare. For six years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at cadence.com.

© 2020 Cadence Design Systems, Inc. All rights reserved worldwide. Cadence, the Cadence logo and the other Cadence marks found at www.cadence.com/go/trademarks are trademarks or registered trademarks of Cadence Design Systems, Inc. All other trademarks are the property of their respective owners.

Cadence Newsroom

408-944-7039

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Networks Internet Hardware Electronic Design Automation Data Management Technology Semiconductor Security

MEDIA:

Logo
Logo

Chubb Launches New Report Examining Impact of COVID-19 on Homeowners and Property Risk

Fourth annual survey of homeowners identifies which risks have increased and what new threats have emerged since the onset of a global pandemic

PR Newswire

WHITEHOUSE STATION, N.J., Dec. 2, 2020 /PRNewswire/ — Chubb has released the results of its Fourth Annual Homeowners’ Risk Report, which examines the impact of COVID-19 on home safety, protection, and whether homeowners are implementing sufficient risk mitigation behaviors.

Fielded in August 2020, in the midst of the global COVID-19 pandemic, the survey looks at how home risk has evolved, the top property threats facing homeowners, renovation and property maintenance activity, and the trend of homeowners from urban areas actually relocating to the suburbs at an unprecedented rate.

“As millions of Americans contend with the physical and emotional toll of COVID-19, property protection can easily—and understandably—get lost in the mix. But, while COVID-19 has upended just about everything else, it hasn’t stopped leaky faucets from dripping or home repair projects from going wrong,” said Fran O’Brien, Senior Vice President, Chubb Group and Division President, North America Personal Risk Services. “Now is the perfect time for homeowners to address home maintenance needs before small issues grow into big problems. Our hope is that by sharing these results, along with some simple tips, homeowners will be able to quickly spot and remedy an issue, so they can get back to what matters most: focusing on the health and safety of themselves and their families.”

A copy of the Fourth Annual Homeowners’ Risk Report Executive Summary is available here.

Key findings from this report include:

  • When it comes to their home, even during a pandemic, homeowners are most concerned about the day-to-day upkeep of their home (60%), maintaining home value (45%), and weather-related water damage (38%). Unfortunately, this suggests that a majority of homeowners may be overlooking the most common and costliest form of property damage—interior water leaks.
  • A third of all homeowners have put off home maintenance because of COVID-19, and 45% say that COVID-19 has reduced contractors’ ability to address maintenance needs. This is particularly concerning given that delaying maintenance can increase repair and subsequent clean-up costs if a loss does occur.
  • Prolonged time indoors at home has taken a toll on city-dwellers, with 32% of homeowners from urban areas considering relocating out of their city, on a permanent basis, in pursuit of more space.
  • For those who are looking for a temporary escape, Americans renting vacation properties during COVID-19 are most concerned about whether the property has been properly cleaned and sanitized before their stay (74%) and who the previous guests were in contact with prior to arrival (54%).

About Chubb

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 33,000 people worldwide. Additional information can be found at:



www.chubb.com


.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/chubb-launches-new-report-examining-impact-of-covid-19-on-homeowners-and-property-risk-301183794.html

SOURCE Chubb

National Society of Black Engineers Receives $2.2-Million Clark Foundation Award To Support The 50k Coalition

Three-Year Grant Will Boost Efforts to Increase the Number of Black, Latinx, Native American and Women Engineers

ALEXANDRIA, Va., Dec. 02, 2020 (GLOBE NEWSWIRE) — The National Society of Black Engineers (NSBE) has been awarded a $2.2-million, three-year grant from the A. James & Alice B. Clark Foundation to continue and expand the work of the 50K Coalition, a national effort to produce 50,000 diverse engineers annually in the United States by 2025. NSBE is one of the founding organizations of the coalition, which was established in 2015 after NSBE, the Society of Hispanic Professional Engineers (SHPE), the Society of Women Engineers (SWE) and, later, the American Indian Science and Engineering Society (AISES) were challenged by some of their common corporate partners to work together to broaden participation in engineering. The four organizations represent a combined membership of more than 80,000 women and underrepresented minority engineering students and engineers. 

“In this crucial time in our nation’s history, the true believers in diversity, equity and inclusion are stepping to the forefront,” said NSBE Executive Director Karl W. Reid, Ed.D. “The 50K Coalition and NSBE are grateful to the Clark Foundation for providing us with additional resources to produce more diverse engineers to meet the great technical, scientific and societal challenges the U.S. and the world are facing.”

 “The convergence of the global COVID-19 pandemic and the social justice issues in the U.S. highlights the importance of the work of the 50K Coalition if we are to have the diverse STEM talent we need to address the complex challenges of the 21st century,” said Karen Horting, CAE, executive director and CEO of SWE. “The 50K Coalition thanks the Clark Foundation for recognizing that our work is crucial and providing us with the resources needed to continue to advocate for diversity and inclusion within the STEM fields.”

“Over the years, the 50K Coalition has made progress, but the progress has not been fast enough to meet the ever-growing demand for engineers and other STEM professionals,” commented Raquel Tamez, CEO of SHPE. “The increase in the number of graduates was just under 50%; we need it to be many times more — 200%, 300% or more. We are proud to stand side by side with our sister organizations to create this order of magnitude increase in diversity and make the STEM sector more inclusive. Collectively, through the 50K Coalition, our impact will be felt by and will benefit our great nation and the whole wide world. More importantly, our work, enabled by the Clark Foundation grant, will change the lives of thousands in communities of color and will forever change their socioeconomic trajectories and those of their families. We will all rise together. We are better together.”

“I sincerely appreciate this most generous contribution from the Clark Foundation to support the important work of the 50K Coalition,” said Sarah Echohawk, AISES CEO. “An investment at this level sends a clear message that diversity, equity and inclusion are critical components of workforce development. I am excited by the work ahead of us and look forward to what we will accomplish together.”

Since the 50K Coalition was founded, the number of Black, Latinx, Native American and women engineers has increased from 27,889 (2014 figures) to 41,390 in 2018, a gain of 48%. The coalition has now grown to 60 members, including 33 colleges and universities, 22 engineering societies and five corporations. Among the high points of the group’s work to date are three annual convenings that brought together more than 180 academic, nonprofit and corporate stakeholders to develop strategies to boost diversity, equity and inclusion in engineering. The coalition is seeking to grow its membership to 250 organizations over the next five years and to influence the matriculation of more than 34,000 incoming engineering students, toward its goal of leading the nation to graduate at least 50,000 diverse engineering seniors each year.

In addition to the Clark Foundation award, the coalition’s fundraising efforts have secured more than $800,000 in grants from organizations including the United Engineering Foundation, the National Science Foundation and Shell Oil Company. NSBE has served as fiduciary for all grants received by the 50K Coalition to date.

The Clark Foundation, based in Bethesda, Maryland, works with its partner organizations to educate engineers, improve the lives of veterans and their families and provide members of the Washington, D.C., community with opportunities to thrive. 

Joe Del Guercio, president and chief executive officer of the Clark Foundation, said, “The 50K Coalition’s strategies align with the Clark Foundation’s investments to expand college access and improve STEM retention for underrepresented minorities and community college students. Our success as a nation depends on us equipping the best and brightest minds with the tools and knowledge to solve our biggest problems. We believe the 50K Coalition is well-positioned to empower a cohort of STEM professionals that reflects the growing diversity of our country as well as meets the growing number of jobs that require an engineering education.”

ABOUT NSBE
With more than 700 chapters and more than 21,000 active members in the U.S. and abroad, the National Society of Black Engineers (NSBE) is one of the largest student-governed organizations based in the United States. NSBE, founded in 1975, supports and promotes the aspirations of collegiate and pre-collegiate students and technical professionals in engineering and technology. NSBE’s mission is “to increase the number of culturally responsible Black engineers who excel academically, succeed professionally and positively impact the community.” For more information, visit www.nsbe.org.

About the A. James & Alice B. Clark Foundation

The Clark Foundation expands opportunities for those who demonstrate the drive and determination to better themselves and their communities. A. James Clark was the president of Clark Construction Group, which transformed the landscape of Washington, D.C., with its many projects. Mr. Clark was dedicated to giving back to the communities where he lived and worked.

Sign up to follow NSBE on social media.

Twitter:           twitter.com/NSBE

Facebook:     facebook.com/NSBE1975

Instagram:     instagram.com/NSBE

LinkedIn:        https://www.linkedin.com/company/national-society-of-black-engineers

YouTube:       youtube.com/user/NSBETV



Yvette Watson
National Society of Black Engineers
703-966-6793
[email protected]

Wisconsin Father Hits 500,000 Push-up Milestone on the Path to Break World Record

Nate Carroll is attempting to complete over 1.5 million push-ups in 12 months while raising $1.5 million for Tunnel to Towers Foundation

Staten Island, NY, Dec. 02, 2020 (GLOBE NEWSWIRE) — 500,000 push-ups down and less than a million to go. 

Nate Carroll has crossed the 500,000 mark in his quest to break the world record for push-ups done in a year. 

Motivating him to get up and do push-ups every day, in addition to raising his three kids, and working his day job, is his goal of raising $1.5 million dollars for the Tunnel to Towers Foundation’s Fallen First Responder Home Program, which pays off mortgages for the families of law enforcement officers and firefighters killed in the line of duty who leave behind young children.

“Every day I pour my heart into pushups for families I’ve never met, in hopes of honoring their Mother or Father who gave their life protecting families like mine.  It’s important to me that these families know that haven’t been forgotten,” said Carroll. 

Every day through the end of the year Carroll will be dedicating that day’s push-ups to a family who will have their mortgage paid off or receive a mortgage-free home from the Tunnel to Towers Foundation as part of its 2020 Season of Hope is delivering 36 mortgage-free homes in 25 states in the span of 36 days. 

You can watch Nate complete his pushups and hear the family’s stories on his YouTube page

Everyone of these first responders has a story of courage sacrifice and heroism they ran towards danger – losing their lives to protect the life of a stranger. I hope to share these stories about these men and women that we call heroes – but someone called Dad or Mom,” said Carroll. 

You can follow his quest to break the world record by following him on Instagram where he will be posting push-up video compilations as well as pictures of verified logbook entries.

You can donate to his campaign and cheer him on all year long with the hashtag: #pushthrough. 

For more about the Tunnel to Towers Foundation, please visit tunnel2towers.org.


About the Tunnel to Towers Foundation

The Tunnel to Towers Foundation’s mission is to honor the sacrifice of FDNY Firefighter Stephen Siller, who laid down his life to save others on September 11, 2001. To date, The Tunnel to Towers Foundation has spent over $250 million to honor and support our first responders and veterans and their families.

Follow Tunnel to Towers on Facebook, Twitter, and Instagram at @Tunnel2Towers.

Attachments



Trevor Tamsen
Tunnel To Towers Foundation
916-524-0941
[email protected]

CAE’s Sonya Branco named one of Canada’s Most Powerful Women of 2020

PR Newswire

MONTREAL, Dec. 2, 2020 /PRNewswire/ – (NYSE: CAE) (TSX: CAE) – CAE is proud to announce that Sonya Branco, CAE’s Executive Vice President, Finance and Chief Financial Officer, was named one of Canada’s Top 100 Most Powerful Women of 2020 in the “C-Suite Executives” category.

The 2020 Canada’s Most Powerful Women, Top 100 Award Winners list, was released by Women’s Executive Network (WXN) today, recognizing 106 outstanding women across Canada who advocate for workforce diversity and inspire tomorrow’s leaders. The C-Suite Executives category award recognizes women who play a significant strategic role within their organization, have a strong record of innovation in their field, demonstrate outstanding performance, lead with a strong vision, commit to diversity in the workplace and contribute to their organizations and society.

“As a key member of CAE’s executive team, Sonya brings high-energy and sharp strategic thinking to the fore. She leads with a collaborative approach that enables her to mobilize and engage global teams to achieve common goals. With   passion and dedication, she has significantly contributed to CAE’s evolution and growth,” said Marc Parent, CAE’s President and CEO. “Sonya is a shining example to all leaders, and I am proud of her accomplishments both at CAE and in her community. Her appointment to the Top 100 Most Powerful Women of 2020 Awards is richly-deserved.”

Sonya Branco was appointed Executive Vice President, Finance and Chief Financial Officer of CAE in 2016. She oversees the financial operations of CAE in more than 35 countries, as well as the financial reporting, treasury, global taxation, mergers & acquisitions and structured financing functions.

Ms. Branco has more than fifteen years’ experience as a financial officer. During her career, Sonya has been recognized by her peers, most notably with an Aces of Finance Gold Award in 2016. She is a CPA and holds a Bachelor of Commerce from Concordia University and an MBA from McGill University. Her dedication also extends to the community where she supports not-for-profit organizations focused on education, women, and children. She is involved in the Marie-Vincent Foundation, dedicating time to support fundraising activities, and is a member of the Board of Governors of Dawson College.

About CAE

CAE is a high technology company, at the leading edge of digital immersion, providing solutions to make the world a safer place. Backed by a record of more than 70 years of industry firsts, we continue to reimagine the customer experience and revolutionize training and operational support solutions in civil aviation, defence and security, and healthcare. We are the partner of choice to customers worldwide who operate in complex, highstakes and largely regulated environments, where successful outcomes are critical. As testament to our customers’ ongoing needs for our solutions, over 60 percent of CAE’s revenue is recurring in nature. We have the broadest global presence in our industry, with approximately 10,000 employees, 160 sites and training locations in over 35 countries. www.cae.com

Follow us on Twitter: CAE_Inc

Facebook: www.facebook.com/cae.inc

LinkedIn: www.linkedin.com/company/cae

Hashtags: #CAE; #CAEpilot

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/caes-sonya-branco-named-one-of-canadas-most-powerful-women-of-2020-301183859.html

SOURCE CAE INC.

FleetNet America Receives 500,000th Electronic Status Update

FleetNet’s use of sureEcosystem facilitates quicker, more efficient service provider updates to improve customer experience

PR Newswire

CHERRYVILLE, N.C., Dec. 2, 2020 /PRNewswire/ — FleetNet America®, an ArcBest® company (Nasdaq: ARCB), is pleased to announce it has received its 500,000th electronic status update through sureEcosystem®.

Bit Fleet Service submitted the 500,000th status update on an event to FleetNet through sureEcosystem on November 23, 2020.

To meet our customers’ needs of more information quicker, FleetNet made investments to improve customer experience by using sureEcosystem, an electronic platform that enables service providers to connect and communicate directly with FleetNet.  

By connecting electronically with FleetNet, service providers can deliver more real-time updates from the field to improve the data and information customers receive. The platform also allows service providers to upload event photos, invoices, and notes from a mobile device or desktop. They can also connect their dispatch software directly to sureEcosystem.

“FleetNet is proud to be leading the industry in electronic communication with our service providers. This tool is an incredible benefit to us, our service providers and, most importantly, our customers,” said Don Doty, vice president of Roadside Operations and Vendor Relations. “We are continuing our success to move the industry further into digital solutions that provide customers quicker visibility to their equipment status and give service providers better communication tools in the field.”

ABOUT FLEETNET AMERICA
FleetNet America® excels in vehicle maintenance and repair solutions for commercial and private fleets. We have the skill and the will to change the direction of fleet maintenance by reducing downtime, providing data to help reduce maintenance events and delivering best-in-class preventive maintenance compliance at the lowest total cost.

ABOUT SUREECOSYSTEM
sureEcosystem is a suite of connected software designed for the field services and transportation industries. These tools work together by sharing information in a centralized manner, improving data accuracy and ease of management.

ABOUT ARCBEST
ArcBest® (Nasdaq: ARCB) is a leading logistics company with creative problem solvers who deliver innovative solutions for our customers’ supply chain needs. We’ll find a way to deliver knowledge, expertise and a can-do attitude with every shipment and supply chain solution, household move or vehicle repair. At ArcBest, we’re More Than Logistics®. For more information, visit arcb.com.

Heather Holt                                                                           
Director of Marketing & CX                                                                                                   
[email protected]
800.438.8961 ext. 2544             

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/fleetnet-america-receives-500-000th-electronic-status-update-301183853.html

SOURCE ArcBest

Aimco Confirms It Received a Conditional Non-Binding Indication of Interest That is Grossly Inadequate and Will Proceed with the Separation of AIR and Aimco

Aimco Confirms It Received a Conditional Non-Binding Indication of Interest That is Grossly Inadequate and Will Proceed with the Separation of AIR and Aimco

DENVER–(BUSINESS WIRE)–
Apartment Investment and Management Company (NYSE: AIV) (“Aimco”) confirmed that it received a conditional non-binding indication of interest to purchase Aimco. Aimco announced that its board of directors unanimously determined the proposal is grossly inadequate and not in the best interest of Aimco and its stockholders, and that Aimco will proceed with the previously announced separation of Aimco and Apartment Income REIT Corp. (“AIR”). Aimco further stated that it does not intend to make any additional comments on this matter unless and until it deems further disclosure is required.

As previously announced, the expected separation of AIR from Aimco through a pro rata distribution (the “REIT Distribution”) of one share of Class A common stock of AIR for every one share of Class A common stock of Aimco is expected to be completed prior to trading hours on December 15, 2020. Aimco noted that its stockholders prior to the REIT Distribution will own both Aimco and AIR after the REIT Distribution, that the REIT Distribution is expected to unlock significant shareholder value, and that each of Aimco and AIR will be able to pursue additional opportunities after the REIT Distribution to further increase shareholder value.

About Aimco

Aimco is a real estate investment trust focused on the ownership and management of quality apartment communities located throughout the United States. Aimco is one of the nation’s largest owners and operators of apartments with 125 communities in 17 states and the District of Columbia. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol “AIV” and are included in the S&P 500. For more information about Aimco, please visit our website at www.aimco.com.

Forward-Looking Statements

This document contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements include all statements that are not historical statements of fact and those regarding our intent, belief, or expectations, including, but not limited to the anticipated timing of the separation. In addition, we may not complete the separation at all. We caution investors not to place undue reliance on any such forward-looking statements.

Words such as “anticipate(s),” “expect(s),” “intend(s),” “plan(s),” “believe(s),” “may,” “will,” “would,” “could,” “should,” “seek(s)” and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. Although we believe that the assumptions underlying the forward-looking statements are reasonable, we can give no assurance that our expectations will be attained.

Matt Foster

Director, Investor Relations

(303) 793-4661

[email protected]

KEYWORDS: Colorado United States North America

INDUSTRY KEYWORDS: Residential Building & Real Estate Construction & Property REIT

MEDIA:

Logo
Logo