Ferro Corporation (NYSE: FOE) (the Company), a leading global supplier of technology-based functional coatings and color solutions, today announced it has entered into a definitive agreement to be acquired by Prince International Corporation, a portfolio company of American Securities LLC, in an all-cash transaction valued at approximately $2.1 billion, or 12.4 times TTM Adjusted EBITDA as of March 31, 2021, including the assumption of debt, net of cash. Under the terms of the agreement, which has been unanimously approved by the Ferro Corporation Board of Directors, Prince will acquire all of the outstanding common stock of Ferro for $22.00 per share in cash. The purchase price represents a 25.1% premium to the closing stock price on May 10, 2021 of $17.58 per share and a 33.8% premium to the 90-day volume-weighted average price.
Hewlett Packard Enterprise to Present Live Audio Webcast of Second Quarter Earnings Conference Call
The "Diethyl Malonate Global Market Insights 2020, Analysis and Forecast to 2025, by Manufacturers, Regions, Technology, Application" report has been added to ResearchAndMarkets.com's offering.
OPEC on Tuesday stuck to its prediction of a strong recovery in world oil demand in 2021 as growth in China and the United States counters the coronavirus crisis in India, an outlook that bolsters the group's plan to gradually ease output cuts. The oil organisation, however, cut its demand forecast for the second quarter by 300,000 bpd. "India is currently facing severe COVID-19-related challenges and will therefore face a negative impact on its recovery in the second quarter, but it is expected to continue improving its momentum again in the second half of 2021," OPEC said in its monthly report.
The Birmingham-born actor played a security guard in the 1999 rom com starring Hugh Grant and Julia Roberts,
The "Reconstruction Meshes (General Surgery) - Global Market Analysis and Forecast Model (COVID-19 Market Impact)" report has been added to ResearchAndMarkets.com's offering.
Bugatti has released the world's most expensive pool table which will allow superyacht owners to play while at sea. The £217,000 'self-levelling' table uses sophisticated computer technology to ensure the playing surface remains stable even on the choppiest of seas. The table is being made by Spanish carbon fibre specialist company IXO for Bugatti's lifestyle collection and is the ideal addition for any Bugatti collector. The French firm will only make 30 limited-edition models, which are expected to sell out within days of their release in the coming weeks. Just like the hyper sports cars made in Molsheim, the Bugatti Pool Table is made of the highest quality materials and even wears the famous Bugatti badge. The carbon fibre finish of the Pool Table represents the sporting nature of the French luxury marque, while the strong frame of the table is underpinned by machined aluminium and titanium. The product meets the standards of a professional tournament pool table, and uses a gyroscopic sensor to level the playing surface and adjust for movements on sea. Bugatti said: "Each leg can move to compensate for the movement of a ship and remain perfectly level... The system can adjust in just five milliseconds, and the movement is completed in total silence with vibration-free adjustment." Each table comes with super-light carbon fibre pool cues and a 13in (33cm) touch screen built in to keep track of scores. Deliveries will begin in June and buyers will receive pictures of their table as it is made before it arrives. Pedro Sanchez, general manager at IXO, said the company has taken every effort to make the table "extraordinary". He said: "When we started developing the Bugatti Pool Table project, we knew we had to be different and excel in all areas in order to be extraordinary. Nothing has been spared."
Euphoria star Sydney Sweeney broke down in tears Sunday (9 May) after a tirade of trolls mocked her for her appearance.
Social networks face huge fines that could run into billions if they fail to follow Online Safety Bill.
Dublin, May 11, 2021 (GLOBE NEWSWIRE) -- The "The Future of EU Online Grocery 2021: Ultra Fast Deliveries, Aldi/Lidl Going Online, D2C" report has been added to ResearchAndMarkets.com's offering. Akin to the situation in physical online grocery, where several channels coexist, such as hypermarkets, supermarkets, discounters, convenience stores, organic specialists, this will probably be mirrored by online grocery concepts. And maybe even price segmentation will set in between them. While in the more mature markets the weekly shop is on the whole served well in the online channel through the big multichannel retailers with next day (or later) deliveries, the more immediate shopper missions had not been on the agenda prior to COVID-19. This has changed, the Instacart clones (basically a third party pick and delivery service) had an outstanding 2020 (the grocery divisions of deliveroo, Uber Eats, everli and glovo). But these players are now being disrupted by a new breed of online grocery players which are all about speed and convenience, the rapid convenience store delivery apps such as Getir, Dija, Weezy, Gorillas, Jiffy and Zapp. The ultra-rapid players have their own mini dark stores/depots in urban catchments and cut out the retailers for sourcing products. The hyperlocal nature of their business model enables them to pick for and reach customers' households within 10-15 minutes, in many cases being quicker than the shopper going to the store themselves. In the right circumstances such as a distressed shop late at night for OTC products, essential ingredients or the like this can be a very attractive offer. Following the model of US start-up goPuff, these players are trying to become global champions. Most of the other players are to various degrees copying the goPuff business model, even though the US player was not the first to come up with local hubs. And currently, this is where all the hot investment and start-up money is flowing. The promise to capital markets/PE/investor community is to build a truly global grocery business (where all the traditional players have failed) because the model is easily replicable any and everywhere and so it becomes a flag planting exercise and race for market share (just like the meal delivery apps). To guarantee the ultra-rapid delivery times the business model needs to be necessarily urban though. While there are many unanswered questions, mainly around profitability, for many shopping missions especially in the bigger cities this is probably the future of delivery, after all, no one wants slower deliveries and once the infrastructure is in place on the front and back end (the logistics set up and the riders) a lot of other services can ride on this too. Other big unanswered questions apart from costs/profitability are whether there are scale benefits, as 10 minutes implies that this is a point-to-point play in logistics. One simply cannot group trips into the catchment, if the rider has to be on the individual shopper's front door with a 10-minute window. In certain aspects, the rise of these new app players is a big threat to click and collect - but definitely for the convenience store sector, which so far had been shielded from the online grocery channel shift. The publisher would advise convenience store operators to have a long hard look at this and perhaps to launch their own service or partner up with an external service provider - but this would have to happen on a hyper-local level and is very cost-prohibitive. Companies Mentioned AldiAmazonArlaBevmoBringCajooCarrefourConadCoopCortiliaDanoneDeliverooDiaDijaE.LeclercEl Corte InglesEsselungaEverli/Supermercato24FlinkGetirGlovogoPuffGorillasHenkelJiffyKnuspr/RohlikKraft HeinzLes MousquetairesLidlLindtMercadonaPepsicoPicnicProcter & GambleSoftbankTegutUber EatsUnileverWeezyZapp For more information about this report visit https://www.researchandmarkets.com/r/h0aby5 About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com 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
Naomi Osaka looks pretty in pink in her new swimwear line. On Monday, the 23-year-old tennis star launched a collaboration with Frankies Bikinis. The collection features a variety of colors, patterns and sizes.
120 tonnes of liquid oxygen arrive in Bangalore from the eastern state of Jharkhand to provide relief to overwhelmed hospitals. India is facing a steep increase in Covid-19 cases, with the World Health Organization calling the variant spreading in the country a “concern at the global level”.
The huge deposit growth ballooned the balance sheet, while the bank also raised equity in the quarter. Both events dampened some key profitability metrics.
Monarch lays out government’s legislative priorities for coming year, focusing on recovery from pandemic
Controversial legislation will allow regulator to issue fines for breaches in higher education
Only one of 113 staff involved in study required hospitalisation, as experts say vaccines still offer good protection against Indian variant
Gareth Southgate will soon make his selection for the tournament this summer
NHS workers who will be in the audience at tonight’s Brit Awards said today they were thrilled to be attending because “it feels like you are being appreciated”. An audience of 4,000 will be at the ceremony, hosted by comedian Jack Whitehall, as part of the Government’s live events pilot scheme. Ms Callender, who works at Lewisham and Greenwich NHS Trust, said the fact NHS workers had been offered tickets was “nice”.
According to a new Strategy Analytics forecast, "Global 5G Business Smartphone Shipment Forecast 2021-2026", 5G business smartphone shipments will grow at a CAGR of 28% over the 2021-2026 forecast period. High positive growth is expected in China, India, Australia, South Korea, UK, France, Germany, and the US, as 5G begins to ramp in these countries in 2021. Worldwide BYOD 5G smartphone shipments will increase by 187% YoY, and corporate-liable shipments will increase by 649% YoY from 2020. Increasing competition in the 5G Android space, particularly from Chinese vendors, will drive downward pressure on ASPs, which are expected to drop 23%, but revenue is expected to increase almost 10-fold from 2020 to 2026.
Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end fintech and regtech solutions, has partnered with Los Angeles-based Kharon, a research and data analytics company focused on security threats that affect global finance, to provide CSI customers a comprehensive set of tools to enhance their financial crime and trade control frameworks.