CareTech, Amalfi Bidco Reach Agreement On Terms Of Recommended Offer

PHOTOS: 2022 Denver Pride Parade

Crowds celebrated at the 2022 Coors Light Denver Pride Parade on Sunday, June 26, 2022. This was the first time since 2019 Denver Pride was fully in person.

Click here to read more of The Denver Post’s coverage of this year’s PrideFest.

PHOTOS: Colorado Avalanche face Tampa Bay Lightning in Florida, Game 6 of Stanley Cup Finals

The Stanley Cup Final between the Colorado Avalanche and Tampa Bay Lightning moves to Amalie Arena in Tampa, Fla., for Game 6 with the Avs enter leading the series 3-2.

Click here for live updates leading up to and during the game.

What’s on TV This Week: ‘Endangered’ and ‘The Man Who Fell to Earth’

A documentary about the dangers that journalists face airs on HBO. And the Showtime series starring Chiwetel Ejiofor wraps up its first season.

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By Shivani Gonzalez

Naspers FY22 Group Revenue Up 24%

Naspers Ltd. (NPSN.L), on Monday, reported strong revenue growth with profitability in core operations for the year ending 31 March 2022.

FY group revenue rose 24% to US$36.7 billion from US$29.6 billion last year. Ecommerce revenue was US$10.7 billion, an increase of 49%, compared to US$6.8 billion in the previous year, with profitability in core operations.

Core headline earnings declined 16% to US$2.1 billion from US$3.5 billion in fiscal 2021, reflecting a lower contribution from Tencent, post the Group’s sale of 2% of its holdings in Tencent, increased investment in growth adjacencies and strategic M&A, and higher finance costs.

Bob van Dijk, Group CEO, Prosus and Naspers, said, “In FY22, we delivered strong growth and scale across our businesses, positioning them for continued growth. We invested in our segments and strategic M&A over the year, reflecting our belief in the potential of the businesses we are building. Looking ahead, we will seek to regularly crystallise the value that we are creating…”

Panera At Home Southwest Corn Chowder Recalled

Blount Fine Foods is recalling a limited amount of Panera at Home Southwest Corn Chowder citing undeclared wheat allergen, the U.S. Food and Drug Administration said.

The recall involves a single lot of 16 oz. product with UPC Code 077958690812, lot number 042122-2K and “Use By” date of 6/30/22 that comes around 2,569 cases in total. The recall is limited to 1 SKU of 16 oz.

The recalled product was distributed across 12 states including CA, IA, IL, MA, ME, MI, NH, NY, OH, TX, VA, WA.

Panera at Home Southwest Corn Chowder cups were only sold in refrigerated cases in the deli department of select retail grocery stores, and not sold at any Panera bakery-cafe.

No other Panera Bread, Panera at Home or Blount products are affected by the recall.

According to the agency, people who have an allergy or severe sensitivity to wheat may get serious or life-threatening allergic reactions if they consume the affected product.

However, the company has not received any consumer complaints or illnesses in connection with the recall, as the product was discovered at a grocery store during the restocking process.

Consumers are urged to return the recalled product to the place of purchase for product reimbursement.

PHOTOS: Avalanche fans celebrate in downtown Denver after Stanley Cup win

Getting to work on Monday was likely not top-of-mind for any of the Colorado Avalanche fans who took to the streets Sunday night. The Avs completed a dominant postseason late Sunday night with a 2-1 Game 6 win over the Tampa Bay Lightning, winning the Stanley Cup for the first time since 2001. Although the game took place at Amalie Arena in Tampa Bay, Florida, Denver was alive with excitement for its home team.

15K New Covid Cases, 36 Deaths In US

With 15119 new cases reporting on Sunday, the total number of people infected with coronavirus in the United States has risen to 86,246,266, as per Johns Hopkins University’s latest data.

36 Covid deaths reported on the same day took the total U.S. Covid casualties to 1,013,414.

Florida reported the most number of cases – 3565 – and deaths – 12.

Deaths have increased by 18 percent in the last two weeks, New York Times’ latest tally shows.

More than 30000 people are currently in American hospitals with the coronavirus, an increase of 5 percent over the last two weeks. More than 3,300 of these patients are admitted in intensive care units, marking 10 percent rise in a fortnight.

83,869,516 people have so far recovered from the disease, the Worldometer tally shows.

564 additional deaths were reported globally on Sunday, taking the total number of people who lost their lives due to the pandemic so far to 6,318,914.

As per the latest data published by the Centers for Disease Control and Prevention, 221,924,152 Americans, or 66.8 percent of the eligible population, have been administered both doses of Covid vaccine so far. This includes 91.3 percent of people above 65.

47.2 percent of the eligible population, or 104,718,138 people, have already received a booster dose that is recommended to provide additional protection from the killer virus.

CareTech, Amalfi Bidco Reach Agreement On Terms Of Recommended Offer

The independent committee of the board of CareTech Holdings PLC (CTH.L) and Amalfi Bidco Limited have reached agreement on the terms of a recommended offer by Bidco for the entire issued, and to be issued, ordinary share capital of CareTech. CareTech shareholders will be entitled to receive: 750 pence for each CareTech Share. The offer values the entire issued and to be issued ordinary share capital of CareTech at approximately 870.3 million pounds. The offer is expected to become effective in third quarter, 2022.

The CareTech Independent Board intends to recommend that shareholders vote in favour of the resolutions relating to the Scheme at the meetings. Jamie Cumming has irrevocably undertaken to do so in respect of his own beneficial holdings of 2,500 CareTech Shares in aggregate.

Amalfi Bidco Limited is a newly formed company indirectly owned by joint offerors Sheikh Holdings Group (Investments) Limited, Belgravia Investments Limited and Kensington Capital Limited, funds managed by THCS IV GP S.à r.l. and TH Management IV S.à r.l. as advised by THCP Advisory Limited.