Feed aggregator

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating to B (Fair) from B+ (Good) and the Long-Term Issuer Credit Rating to “bb+” (Fair) from “bbb-” (Good) of Life Insurance Company of Louisiana (LICOL) (Shreveport, LA). The outlooks of these Credit Ratings (ratings) is stable. The ratings reflect LICOL’s balance sheet strength, which AM Best assesses as strong, as well as its marginal operating performance, very limited business profile and appropriate enterprise

MELVILLE, N.Y.--(BUSINESS WIRE)--Henry Schein, Inc. (Nasdaq: HSIC), the world’s largest provider of health care solutions to office-based dental and medical practitioners, today announced the successful completion of a $250 million strategic investment by funds affiliated with KKR, a leading global investment firm. Upon the closing of this transaction, KKR has become the holder of approximately 12% of the common shares of Henry Schein. In connection with the investment, William K. “Dan” Daniel,

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), announces that it has filed a class action lawsuit in the United States District Court for the Western District of North Carolina, captioned Cameron v. Krispy Kreme, Inc., et al., Case No. 25-cv-332, on behalf of persons and entities that purchased or otherwise acquired Krispy Kreme, Inc. (“Krispy Kreme” or the “Company”) (NASDAQ: DNUT) securities between February 25, 2025 and May 7, 2025, inclusive (the “Class Period”). Pla

ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX), an industry-leading human capital management (HCM) company, today announced that the company’s Founder, B. Thomas Golisano, has decided to step down from his role as a member of the Paychex Board of Directors effective after the Board’s July, 2025 meeting. Mr. Golisano, 83, established Paychex in 1971 with a vision to provide payroll support to small businesses. The company went public in 1983, and he served as President, Chief Exe

DALLAS--(BUSINESS WIRE)--Hyosung America, the North American leader in ATM and payments technology, has promoted Chris King to Chief Revenue Officer. In his new role, King is charged with accelerating the company's growth in the financial and retail technology sectors. King, who previously served as senior vice president of sales, will now oversee all revenue operations through direct sales, channel partnerships, marketing and strategic account development. King brings more than 35 years of ind

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to notes issued RFS Asset Securitization V LLC (the “Issuer”). RFS Asset Securitization V LLC will issue five classes of Series 2025-1 Notes totaling $130 million initially. Rapid Financial Services, LLC (“RFS”), a Delaware limited liability company and Small Business Financial Solutions, LLC, a Delaware limited liability company (“SBFS”, together with RFS, the “Company”) is a specialty financial services company that uses its proprie

NEW YORK--(BUSINESS WIRE)--Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), today announced that its Board of Directors has declared a dividend of $0.035 per share for the second quarter of 2025, payable to holders of the Company’s Class A common stock and Class B common stock and to holders of Empire State Realty OP, L.P.’s (“ESRO”) Series ES, Series 250 and Series 60 operating partnership units (NYSE Arca: ESBA, FISK and OGCP, respectively) and Series PR operating partnership uni

NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Endo, Inc. (OTC: NDOI) and Mallinckrodt plc. Under the terms of the proposed transaction, Endo shareholders will own 49.9% of the combined company. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger is fair to Endo shareholders. I

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Bridge Investment Group Holdings Inc. (“Bridge” or the “Company”) (NYSE: BRDG) to Apollo Global Management, Inc. (NYSE: APO). Under the terms of the proposed transaction, Bridge shareholders and Bridge OpCo unitholders will receive, at closing, 0.07081 shares of Apollo stock for each share of Bridge

NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Dun & Bradstreet Holdings, Inc. (NYSE: DNB) to Clearlake Capital Group, L.P. Under the terms of the proposed transaction, shareholders of Dun & Bradstreet will receive $9.15 in cash for each share of Dun & Bradstreet that they own. KSF is seeking to determine whether this consideration a

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of Redwire Corporation (NYSE: RDW) and Edge Autonomy. Pursuant to the terms of the agreement, Redwire will pay the purchase price for the acquisition of Edge Autonomy in a combination of $150 million in cash and $775 million in shares of Redwire common stock. KSF is seeking to determine whether the merger and t

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Logan Ridge Finance Corporation (NasdaqGS: LRFC) to Portman Ridge Finance Corporation (NasdaqGS: PTMN). Under the terms of the proposed transaction, shareholders of Logan Ridge will receive 1.50 newly issued shares of Portman for each share of Logan Ridge that they own. KSF is seeking to determine whether this

WASHINGTON--(BUSINESS WIRE)--Certified Financial Planner Board of Standards, Inc. (CFP Board), a nonprofit organization with more than 100,000 CFP® professionals, today announced actions taken to uphold its ethical standards, imposing sanctions on seven individuals. CFP Board is a professional body that has adopted a Code of Ethics and Standards of Conduct (Code and Standards) that benefits and protects the public and advances financial planning as a distinct and valuable profession. The Code a

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed merger of GlycoMimetics, Inc. (NasdaqGM: GLYC) and Crescent Biopharma, Inc. Pursuant to the terms of the agreement, shareholders of GlycoMimetics will own approximately 3.1% of the combined company. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger is fai

SAN DIEGO--(BUSINESS WIRE)--Acadia Pharmaceuticals Inc. (Nasdaq: ACAD) today announced that the U.S. District Court for the District of Delaware ruled in favor of Acadia regarding its ‘721 formulation patent for NUPLAZID® (pimavanserin), Acadia’s drug for the treatment of Parkinson’s Disease Psychosis. In today’s order, the Court ruled in favor of Acadia on both infringement and validity arguments in its formulation patent litigation against Aurobindo Pharma Limited and other ANDA (Abbreviated

HUNT VALLEY, Md.--(BUSINESS WIRE)--Diamond Comic Distributors (“Diamond” or “the Company”), today announced that the sale of the Company and its assets to Universal Distribution LLC (“Universal”) and Ad Populum has been completed. Universal has acquired the assets of Alliance Game Distributors, and Ad Populum has acquired the assets of Diamond Comic Distributors, Diamond Book Distributors, Diamond Select Toys & Collectibles, Collectible Grading Authority, and other related assets. Diamond U

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA is pleased to announce the assignment of preliminary ratings to 14 classes of Benchmark 2025-V15, a $733.2 million CMBS conduit transaction collateralized by 29 commercial mortgage loans secured by 44 properties. The collateral properties are located throughout 18 MSAs, of which the three largest are New York (27.7%), Detroit (10.4%), and Long Island (8.5%). The pool has exposure to all major property types, with four types representing more than 10.0% of the poo

ST. PAUL, Minn.--(BUSINESS WIRE)--The Build from Within Alliance (BfWA) proudly announces the appointment of Chanell Scott Contreras as its new President and CEO, succeeding founding leader Mihailo Temali, a pioneer in community economic development who is retiring after an extraordinary 40-year career. The transition comes as BfWA marks its 10th anniversary – a milestone that is being celebrated at its National Convening in Denver, May 14-17, 2025. The event is co-hosted by local BfWA member,

NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. (the "Fund") today announced the final results of its quarterly tender offer (the "Tender Offer") for up to 2.5% of the Fund's issued and outstanding shares of common stock (the "Shares"). The Tender Offer, which expired at 5:00 p.m. Eastern time on May 15, 2025, was oversubscribed. Therefore, in accordance with the terms and conditions of the Tender Offer, the Fund will purchase Shares from all tendering sha

LOS ANGELES--(BUSINESS WIRE)--Whalar Group, the global Creator company on a mission to liberate the creative voice, announced today that they have secured strategic investment from a group of powerhouse investors: Marc Benioff the visionary founder of Salesforce, Shopify, and Neal H. Moritz the acclaimed Hollywood producer & founder of Original Film. Neil Waller, Co-CEO & Co-Founder, Whalar Group, said: “The Creator Economy is now mainstream. What started as mostly part-time influencers