Tag: Merger Agreement

Apigee Announces Fourth Quarter and Fiscal 2016 Results

SAN JOSE, Calif., Sept. 14, 2016 (GLOBE NEWSWIRE) — Apigee® (NASDAQ:APIC), the API company, today announced financial results for its fourth quarter and fiscal year ended July 31, 2016. Fiscal Year 2016 For FY 16, Apigee reported total revenue of $92.0 million, up 34% compared to $68.6 million in FY 15.  Apigee reported FY 16 product…

INTERACTIVE INTELLIGENCE MERGER INVESTIGATION ALERT – Andrews & Springer LLC Is Seeking More Cash for Shareholders of Interactive Intelligence Group, Inc.

WILMINGTON, Del., Sept. 06, 2016 (GLOBE NEWSWIRE) — Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Interactive Intelligence Group, Inc. (“Interactive Intelligence” or the “Company”) relating to the sale of the Company to Genesys…

Vector Capital Commences Tender Offer for All Outstanding Shares of Sizmek

AUSTIN, Texas, Aug. 29, 2016 (GLOBE NEWSWIRE) — Sizmek Inc. (NASDAQ:SZMK) ( “Sizmek” or the “Company”) and Vector Capital (“Vector”) today announced that Solomon Merger Subsidiary, Inc. has commenced the previously-announced tender offer for all of the outstanding shares of common stock of the Company at a price of $3.90 per share, net to the…

Epiq Systems Receives Early Termination of HSR Waiting Period for Acquisition by OMERS Private Equity and Harvest Partners

KANSAS CITY, Kan., Aug. 24, 2016 (GLOBE NEWSWIRE) — Epiq Systems, Inc. (“Epiq”) (NASDAQ:EPIQ), a leading global provider of integrated technology and services for the legal profession, today announced that it has received notice from the Federal Trade Commission that early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 was…

StemCells, Inc. and Microbot Medical Ltd. Announce Strategic Merger

NEWARK, Calif. and YOKNEAM, Israel, Aug. 16, 2016 (GLOBE NEWSWIRE) — StemCells, Inc. (NASDAQ:STEM) and Microbot Medical Ltd., a private company organized under the laws of the State of Israel (“Microbot”), today announced that they have entered into a definitive merger agreement, with plans to pursue the development of robotics based medical devices for the…

Skullcandy Board Continues to Recommend Incipio Transaction Following Receipt of Acquisition Proposal from Mill Road Capital Management

PARK CITY, Utah, Aug. 15, 2016 (GLOBE NEWSWIRE) — Skullcandy, Inc. (NASDAQ:SKUL), which creates world-class audio experiences through its Skullcandy® and Astro Gaming® brands, announced that, on August 14, 2016, it received an unsolicited acquisition proposal from Mill Road Capital Management LLC (“Mill Road”) to acquire Skullcandy for $6.25 per share in cash (the “August…

Cordia Bancorp Inc. Shareholders Approve Merger With First Citizens Bank

RALEIGH, N.C., and MIDLOTHIAN, Va., Aug. 11, 2016 (GLOBE NEWSWIRE) — First-Citizens Bank & Trust Company (First Citizens) and Cordia Bancorp Inc. (Cordia) announced today that Cordia’s shareholders have approved First Citizens’ pending acquisition of Cordia and its Bank of Virginia subsidiary. At a meeting held today, the shareholders of Midlothian, Va.-based Cordia voted to…

DNA Brands Receives an LOI for the Sale of the Energy Drink Line

Fort Lauderdale FL, Aug. 11, 2016 (GLOBE NEWSWIRE) — DNA Brands Receives an LOI for the Sale of the Energy Drink Line DNA Brands Inc., is pleased  to announce that it has received a Multi-Million Dollar equivilant  offer for the company’s  Energy Drink Line. Stated CEO Adrian McKenzie: “I am not only excited by this…

WhiteWave Foods Reports Strong Second Quarter 2016 Results

Reported and Constant Currency Net Sales Increased 14% Reported Operating Income Increased 31%; Adjusted Constant Currency Operating Income Increased 26% Behind Further Operating Margin Expansion Reported Diluted Earnings Per Share Increased 38% to $0.29; Adjusted Diluted Earnings per Share, Excluding China Joint Venture Investments, Increased 24% to $0.32 Reiterating Full Year 2016 Adjusted Diluted Earnings…

Norwegian Cruise Line Holdings Reports Financial Results for the Second Quarter 2016

Second Quarter Revenue increased 9.3% to $1.2 Billion Seven Seas Explorer Joins the Regent Fleet MIAMI, Aug. 09, 2016 (GLOBE NEWSWIRE) — Norwegian Cruise Line Holdings Ltd. (Nasdaq:NCLH) (together with NCL Corporation Ltd., “Norwegian Cruise Line Holdings”, “Norwegian” or the “Company,”) today reported financial results for the second quarter ended June 30, 2016, provided guidance…

Prudential Bancorp, Inc. Announces Third Quarter Fiscal 2016 Results

PHILADELPHIA, Aug. 05, 2016 (GLOBE NEWSWIRE) — Prudential Bancorp, Inc. (the “Company”) (Nasdaq:PBIP), the holding company for Prudential Savings Bank (the “Bank”), reported net income of $777,000, or $0.10 per basic share and per diluted share, for the quarter ended June 30, 2016 as compared to $47,000, or $0.01 per basic and diluted share, for…

National Interstate Corporation Reports 2016 Second Quarter Results

2016 second quarter net income per share of $0.45 compared to $0.33 for the 2015 second quarter Calendar and accident year combined ratio of 96.0%  for the 2016 second quarter; 97.1% year-to-date 2016 second quarter gross premiums written were flat compared to last year; year-to-date up 3% RICHFIELD, Ohio, Aug. 02, 2016 (GLOBE NEWSWIRE) —…

WSFS Financial Corporation Deadline for Electing Merger Consideration in Connection with the Merger with Penn Liberty Financial Corp.

WILMINGTON, Del., July 29, 2016 (GLOBE NEWSWIRE) — WSFS Financial Corporation (NASDAQ:WSFS) today announced that the deadline for shareholders of Penn Liberty Financial Corp. (“Penn Liberty”) to elect the form of consideration that they would like to receive in connection with the merger of Penn Liberty with and into WSFS (the “Merger”) is 5:00 p.m….

ReachLocal Reports Second Quarter 2016 Results

WOODLAND HILLS, Calif., July 29, 2016 (GLOBE NEWSWIRE) — ReachLocal, Inc. (NASDAQ:RLOC), a leader in powering online marketing for local businesses, today reported financial results for the second quarter of 2016.    On June 27, 2016, Gannett Co., Inc. and ReachLocal, Inc. announced the execution of a definitive merger agreement and on July 11, 2016,…

Hutchinson Technology Provides Update on Legal and Regulatory Actions

HUTCHINSON, Minn., July 27, 2016 (GLOBE NEWSWIRE) — Hutchinson Technology Incorporated (NASDAQ:HTCH) (“HTI”) today reported that it received a letter on July 26, 2016 from the Antitrust Division of the U.S. Department of Justice (“DOJ”), which has opened an investigation relating to the sale of suspension assemblies for use in hard disk drives. The DOJ’s…

First Citizens BancShares Reports Earnings For Second Quarter 2016

RALEIGH, N.C., July 27, 2016 (GLOBE NEWSWIRE) — First Citizens BancShares Inc. (BancShares) (Nasdaq:FCNCA) announced its financial results for the quarter ended June 30, 2016. Net income for the second quarter of 2016 was $69.3 million, or $5.77 per share, compared to $52.1 million, or $4.34 per share, for the first quarter of 2016, and $44.5…

LogMeIn Announces Second Quarter 2016 Results

BOSTON, July 26, 2016 (GLOBE NEWSWIRE) — LogMeIn, Inc. (NASDAQ:LOGM), a leading provider of cloud-based connectivity, today announced its results for the second quarter ended June 30, 2016. Second quarter 2016 highlights include: Revenue was $83.3 million, representing 28% growth compared with the second quarter of 2015 Adjusted EBITDA was $21.4 million and Adjusted EBITDA…

Chicopee Bancorp, Inc. Reports Second Quarter Results and Announces Quarterly Cash Dividend of $0.09 per Share

CHICOPEE, Mass., July 22, 2016 (GLOBE NEWSWIRE) — Chicopee Bancorp, Inc. (the “Company”) (NASDAQ:CBNK), the holding company for Chicopee Savings Bank (the “Bank”), announced the unaudited results of operations for the three and six months ended June 30, 2016. The Company also announced on July 22, 2016, that its Board of Directors declared a quarterly…

Foundation Bancorp Earns $761,000 in Second Quarter 2016, and $1.5 Million Year-To-Date

BELLEVUE, Wash., July 22, 2016 (GLOBE NEWSWIRE) — Foundation Bancorp, Inc. (OTCPink:FDNB), (Foundation or Company), the holding company for Foundation Bank, today reported earnings of $761,000 in the second quarter of 2016, compared to net income of $743,000 in the preceding quarter. In the second quarter a year ago, Foundation lost $1.5 million following a…

Nuvel Announces Definitive Merger Agreement to Combine With OrangeHook, Inc.

-Upon completion, combined company will be an SEC reporting, publicly traded and fully integrated SaaS-based conglomerate of disruptive technology solutions centered on healthcare, big data, safety, and banking -Transaction designed to establish public company platform that adds the OrangeHook suite of product and service offerings to Nuvel’s existing operations, substantially reduce Nuvel’s existing debt and…