Yahoo Sports College reporter Pete Thamel takes you through 11-seed Sryacuse’s win over 3-seed West Virginia to earn a trip to the Sweet 16, and explains why no one should be surprised if the Orange’s run continues.
Yahoo Sports College reporter Pete Thamel takes you through 11-seed Sryacuse’s win over 3-seed West Virginia to earn a trip to the Sweet 16, and explains why no one should be surprised if the Orange’s run continues.
The pictures were unearthed from a private collection and show Philip looking after a 13-year-old Elizabeth.
(Bloomberg) -- The Pritzkers built an empire spanning hotels to manufacturing before agreeing two decades ago to split up their fortune among 11 descendants.Karen Pritzker, one of the heirs, has parlayed that wealth into venture capital, backing firms such as Snap Inc. and Spotify Technology. Now she’s joined the wave of investors turning to blank-check firms.The Pritzker Vlock Family Office is the anchor investor for Thimble Point Acquisition Corp., a special purpose acquisition company that raised almost $300 million in an initial public offering in February. Executives from the family office, named after Pritzker and her late husband Michael Vlock, are leading the venture, which will focus on software and technology.“It allows us to be able to take companies public and kind of complete the full life cycle,” said Elon Boms, 40, Thimble Point’s chief executive officer and managing director of the family office, which committed $50 million to the SPAC ahead of its IPO.Growing ForceThe SPAC boom has attracted financiers, former politicians, athletes and celebrities willing to use their fame to attract retail and institutional investment. About 600 blank-check companies have raised more than $182 billion since the beginning of 2020, according to data compiled by Bloomberg.But family offices — the discrete, sometimes secretive firms that manage the affairs of the ultra-rich — have been one of the biggest driving forces.While large family offices have long been investors in private equity and real estate, the recent flurry of SPAC bets show how they’re becoming a growing force in public markets. This comes at a time when some critics are pushing for more regulation of the investment firms following the implosion of Bill Hwang’s Archegos Capital Management, which has inflicted billions of dollars of losses from banks.Family offices are largely exempt from registering with the U.S. Securities and Exchange Commission, but SPACs have to file with the regulator, providing insight into how billionaires are managing their money.Family offices and firms linked to them have launched — or sponsored — at least a dozen SPACs that have raised about $4.5 billion in the past year with a further $1 billion in pending offerings, according to data compiled by Bloomberg.Och, SternlichtFormer hedge-fund manager Dan Och has been particularly active through his Willoughby Capital. The New York-based firm has invested in a blank-check company targeting China’s consumer industry and also holds a stake in Thimble Point, according to a person familiar with the deal. A SPAC he’s sponsored, Ajax I, is merging with U.K.-based used-car platform Cazoo in a deal valued at about $7 billion.Barry Sternlicht’s family office is affiliated with the creation of six SPACs. Meanwhile, a blank-check firm set up by a co-founder of Michael Dell’s family office raised almost $600 million in its IPO last month, while Tom Barrack’s family office Falcon Peak is sponsoring Falcon Acquisition, a blank-check company that’s filed for a $250 million public offering.Most SPACs have been created in the U.S., but the trend has gone global. Black Spade Capital, the Hong Kong-based family office of casino mogul Lawrence Ho, has got in on the action. London-based billionaire Mohamed Mansour’s Man Capital invested in Grab Holdings Inc., Southeast Asia’s most valuable startup, before it announced a $40 billion tie-up on Tuesday.Rich families are even joining forces. NNS Group, the family office of Egypt’s Nassef Sawiris, teamed with an investment firm for the Frere and Desmarais families to launch Avanti Acquisition Corp., which is targeting European businesses after raising $600 million through its U.S. offering.‘Very Active’“Sophisticated family offices have been very active,” said Luigi Pigorini, head of Europe, Middle East and Africa at Citi Global Wealth. “They have incredible connections, knowledge and investment capabilities — all of these are important characteristics.”The SPAC mania is showing signs of wear and tear with clogged deal pipelines, heightened regulatory scrutiny and concerns over the quality of the deals that have been done.Real estate titan Sternlicht joked that a member of his domestic staff — his “very talented house manager” — probably could pull off a SPAC. He told CNBC last month that “if you can walk, you can do a SPAC,” and pointed out that many of the people behind blank-check firms are failed money managers or executives.“Three days due diligence means you check the letterhead and find out if the company exists,” Sternlicht told CNBC. “It’s a little out of control. No, it’s a lot out of control.”But Sternlicht is convinced he’s got the secret sauce. His Jaws Spitfire Acquisition Corp. is merging with Velo3D, a maker of 3-D metal printers, valuing the company at $1.6 billion. Jaws Acquisition Corp., another SPAC he’s backed, is merging with health-care provider Cano in a deal valued at $4.4 billion.Bolster ReturnsEven if SPACs flounder, it won’t necessarily hurt the family offices that have already launched blank-check companies.SPAC sponsors typically buy shares in firms they create at a fraction of the standard $10 price offered to IPO investors. They usually own about 20% of the blank-check firm’s equity after it goes public and can bolster their returns further through debt or equity financing and stock options.The family office of payments-processing entrepreneur Ed Freedman, for example, is linked to the sponsor of Stable Road Acquisition Corp., which agreed in October to merge with space-transportation company Momentus. The blank-check firm, which has until next month to complete the deal, is seeking shareholder approval to extend the deadline.If they fully vest, a group of shares the sponsor acquired for about $5 million will be worth more than nine times that amount — an 800% gain — even if the company’s stock price remains at $10, according to data compiled by Bloomberg. Freedman’s family office has also loaned the SPAC $300,000 and agreed to invest an additional $3 million at a price of $10 per share, filings show. Stable Road closed Thursday at $10.56 a share.A Stable Road spokesperson declined to comment.SPACs typically have as long as two years to find a company to acquire. If they fail to do so, they have to return cash plus interest to investors, while the sponsor forfeits their original investment.Thimble Point’s Boms said he began considering a SPAC about a year ago after trying to take companies public through reverse mergers. He said he’s had more than 100 meetings with prospective acquisitions since the company’s IPO. Of the roughly 600 SPACs that have listed since the start of last year, less than a third have announced deals and about 30 have completed them, according data compiled by Bloomberg.“We have a very, very solid hit list,” Boms said. “We are talking to people right now.”(Updates with details of Tom Barrack family office in 11th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
On a February Zoom call, a team of University of Kentucky professors held their breath alongside hundreds of their colleagues across the country, waiting to find out the results of three years of work.
Russia's plan to temporarily restrict movement of foreign warships in part of the Black Sea will not affect the nearby Kerch Strait, the RIA news agency reported on Friday, signalling lower risks for regional trade from Russia-Ukraine tensions. The Kerch Strait is a crucial part of the regional grain trade connecting the Azov sea with the Black Sea. The right of passage of foreign warships and "other state ships" will be suspended in three spots near Crimea's Black Sea coast from April 24 until October 31, RIA said, citing Russia's defence ministry.
Jimmy Lai, the owner of Hong Kong’s last opposition newspaper, is a fierce critic of Beijing.
Dublin, April 16, 2021 (GLOBE NEWSWIRE) -- The "TPO Roofing Membrane Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering. The global TPO roofing membrane market is expected to reach an estimated $2 billion by 2026 with a CAGR of 5% from 2020 to 2026. The future of the global TPO roofing membrane market looks promising with opportunities in the commercial, residential, and industrial markets. The major drivers for this market are growth in the building & construction industry and increasing demand for green roofing solutions.Carlisle Companies Incorporates, GAF Materials Corporations, Johns Manville, Firestone Building Products, Dow Chemical, and Sika AG, are the major manufacturers of TPO roofing membranes.The analyst forecasts that 45 mil thickness TPO roofing membrane will remain the largest segment due to their low cost and is ideal choice for buildings which needs 10-15 years of service life. TPO roofing membranes with 80 mil thickness are expected to witness highest growth over the forecast period due to the growing demand for materials with greater strength, energy efficiency, durability, and performance. Within the TPO roofing membrane market, commercial will remain the largest end use market by value and volume due to the growing focus of building owners and contractors (government and private) on environment friendly, energy efficient roofing solutions. The residential segment is expected to witness the highest growth over the forecast period due to increasing residential construction activities and government initiatives to use products that offer a higher standard of energy efficiency in buildings.North America will remain the largest region over the forecast period due to stringent government regulations and building codes for energy efficiency. Asia Pacific is expected to witness the highest growth over the forecast period due to increasing construction activities and growing awareness about cost effective building solutions. Carlisle Companies Incorporates, GAF Materials Corporations, Johns Manville, Firestone Building Products, Dow, and Sika AG, are the major manufacturers of TPO roofing membranes. The study includes trends and forecast for the global TPO roofing membrane market by end use industry, membrane thickness, application, and region.Features of the Global TPO Roofing Membrane Market Market Size Estimates: Global TPO roofing membrane market size estimation in terms of value ($M) and volume (million square meter)Trend and Forecast Analysis: Market trends and forecast (2015-2026) by various segments and regions.Segmentation Analysis: Global TPO roofing membrane market size by various segments, such as end use industry, membrane thickness, application, and regions in terms of value and volume.Growth Opportunities: Analysis on growth opportunities in different as end use industry, membrane thickness, application, and regions for the TPO roofing membrane market.Strategic Analysis: This includes M&A, new product development, and competitive landscape for the TPO roofing membrane market. This report answers following 11 key questions What are some of the most promising, high-growth opportunities for the global TPO roofing membrane end use industry?Which segments will grow at a faster pace and why?Which regions will grow at a faster pace and why?What are the key factors affecting market dynamics? What are the drivers and challenges of the market?What are the business risks and threats to the market?What are the emerging trends in this market and the reasons behind them?What are some changing demands of customers in the market?What are the new developments in the market? Which companies are leading these developments?Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?What M&A activity has occurred in the last 5 years? Key Topics Covered: 1. Executive Summary2. TPO Roofing Membrane Market Background and Classification2.1: Introduction, Background, and Classifications2.2: Supply Chain2.3: Industry Drivers and Challenges3. Market Trends and Forecast Analysis from 2020 to 20263.1: Macroeconomic Trends and Forecast3.2: Global TPO Roofing Membrane Market Trends and Forecast3.3: Global TPO Roofing Membrane Market by End Use Industry3.3.1: Commercial220.127.116.11: Retail18.104.22.168: Office22.214.171.124: Hospitality126.96.36.199: Education188.8.131.52: Healthcare184.108.40.206: Others3.3.2: Residential3.3.3: Industrial and Others3.4: Global TPO Roofing Membrane Market by Thickness3.4.1: 45 Mil Thick Membranes3.4.2: 60 Mil Thick Membranes3.4.3: 80 Mil Thick Membranes3.5: Global TPO Roofing Membrane Market by Application3.5.1: Roofing3.5.2: Reroofing4. Market Trends and Forecast Analysis by Region5. Competitive Analysis5.1: Product Portfolio Analysis5.2: Geographical Reach2: Porter's Five Forces Analysis6. Growth Opportunity and Strategic Analysis6.1: Growth Opportunities Analysis6.1.1: Growth Opportunities for the Global TPO Roofing Membrane Market by End-Use Industry6.1.2: Growth Opportunities for the Global TPO Roofing Membrane Market by Thickness6.1.3: Growth Opportunities for the Global TPO Roofing Membrane Market by Application6.1.4: Growth Opportunities for the Global TPO Roofing Membrane Market by Region6.2: Strategic Analysis6.2.1: New Product Development6.2.2: Capacity Expansion of the TPO Roofing Membrane Market6.2.3: Mergers, Acquisitions and Joint Ventures in the Global TPO Roofing Membrane Market6.2.4: Technology Development7. Company Profiles of Leading Players7.1: Carlisle Companies Incorporated7.2: GAF Materials Corporation7.3: Johns Manville7.4: Firestone Building Products7.5: Dow Chemical7.6: Sika AG7.7: ARDEX Australia7.8: Tremco7.9: Fatra, AS7.10: Technonicol7.11: Protan7.12: BAUDER7.13: FLACHDACH7.14: RENOLIT7.15: Imper7.16: PolyglassFor more information about this report visit https://www.researchandmarkets.com/r/im9ee9 CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Stock futures traded sideways Friday morning after another record-setting day on Wall Street, with a batch of stronger-than-expected economic data and corporate earnings results helping fuel a risk rally.
Beating the earth with his fists, a young man wails as the body of his father, who died after contracting COVID-19, is taken from an ambulance and lowered into a hastily-dug grave in India's capital New Delhi. The city's main Muslim graveyard for victims of COVID-19 is running out of space, according to authorities, as cases in Delhi and across the country run out of control following the relaxation of almost all curbs on movement last year. India, a country of almost 1.4 billion people, has reported more than 200,000 new daily cases for the last two days, the highest in the world, with Delhi overtaking Mumbai as the country's worst-hit city.
Investment companies Knighthead Capital Management LLC and Certares Management LLC have sweetened their bid for bankrupt rental-car company Hertz Global Holdings Inc. and are now offering a deal that values the company at $6.2 billion, the Wall Street Journal reported, citing people familiar with the matter. The investors said their new offer fully covers Hertz's funded debt and has the backing of Apollo Global Management Inc. and existing shareholders. Hertz endorsed a restructuring offer backed by Centerbridge Partners LP, Warburg Pincus LLC and Dundon Capital Partners LLC earlier in April to sponsor its exit from chapter 11. With their new proposal, Knighthead, Certares and their co-investors proposed taking control of Hertz with backing from Apollo, which has agreed to supply up to $2.5 billion in preferred equity financing, people familiar with the matter said. Hertz, which is aiming to exit bankruptcy by end-Juen, did not response to a request for comment.
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Dimensional Fund Advisors Ltd. (“Dimensional”), in its capacity as investment manager and on behalf its affiliates who are also investment managers. Dimensional and its affiliates expressly disclaim beneficial ownership of the shares described in this form 8.3(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Aggreko plc(GB00BK1PTB77)(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure 15 April 2021(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A” N/A If YES, specify which: 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 4 329/395 p Ordinary Shares Interests Short positions Number % Number %(1) Relevant securities owned and/or controlled: 10,434,936* 4.07% (2) Cash-settled derivatives: (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL: 10,434,936 4.07% *Dimensional Fund Advisors Ltd. and / or its affiliates do not control voting discretion for 333,629 shares. All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors’ and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unitOrdinary Shares Sale 44,745 GBP 8.7260 (b) Cash-settled derivative transactions Class of relevant security Product descriptione.g. CFD Nature of dealinge.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Typee.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product descriptione.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealinge.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none” (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state “none” (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NO Date of disclosure: 16 April 2021 Contact name: Thomas HoneTelephone number: 020 3033 3419 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at email@example.com. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
The "Healthcare Gamification Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Game Type; Application; End User, and Geography" report has been added to ResearchAndMarkets.com's offering.
Apr. 16—An extra $1 million has been added to the cost of the Price Field renovations at the Westmont Hilltop Elementary school. The school board approved the increase, along with the final project design, at Thursday's meeting for a total expenditure of roughly $7.5 million. Lisa Drennen was the sole dissenter in an 8-1 vote. "If we're at $6.5 (million) like we were before, to go to $7.5 ...
Apr. 16—"The Boonies" — a movie filmed locally — sold out shows at the Westwood Plaza Theater and Café on Thursday, bringing crowd numbers owner Blake Fleegle hasn't seen in a year, he said. The success of both showings Thursday evening, at 6 p.m. and 8:30, spurred Fleegle to add two more showings at the same times next Thursday. It was the first movie Tammy Deihl, of Ebensburg, saw in a ...
Apr. 16—Jen Giovannitti has lived in communities as diverse as Ho Chi Minh City, Vietnam, home to about 9 million people, and Elkins, West Virginia, a borough with 7,000 or so folks. On Thursday, Giovannitti, president and a trustee of the Claude Worthington Benedum Foundation, shared her perspective gained by those experiences during "Preserving Democracy: Bridging the Divide Between Rural ...
Apr. 16—Local counties are catching up with the statewide surge in COVID-19 cases. Cambria County's 66 new COVID-19 cases on Thursday puts the county's rolling seven-day average at 59 cases a day — the highest average since late January. Blair's 30 new cases on Thursday puts its average at 47 cases a day — also the highest average since January. Two weeks ago, Cambria was averaging 23 cases a ...
Founder Katrina Lake is stepping down from the helm of the online styling service. Here's what it means for investors.
Apr. 16—A foreign-born former Mount Aloysius student accused of lying about his ties to an anti-American militia in Yemen is being deported to his home country after admitting he made false statements to retain his student visa paperwork in 2018. Gaafar Mohammed Ebrahim al-Wazer, 26, a Yemeni national permitted to attend school and live in Altoona until his 2019 arrest, pleaded guilty in ...
Morgan Stanley beat estimates as investment bankers and traders reaped the rewards amid booming equity-trading and IPO activity.
The stars of new thriller series "Cruel Summer," Olivia Holt and Chiara Aurelia, discuss the show's twisty narrative and '90s style. (April 16)
Apr. 16—Somerset Borough police officers carry highly visible yellow Tasers to help differentiate the nonlethal electroshock weapons from their black handguns during heat-of-the-moment, possibly life-or-death situations. It is one of the steps departments can take to reduce the chance of incidents such as the fatal shooting on Sunday by a Minnesota police officer of a motorist during a traffic ...