Fortuna To Acquire Roxgold – Quick Facts
Fortuna Silver Mines Inc. (FSM, FVI.TO) and Roxgold Inc. (ROXG.TO) have entered into a definitive agreement under which Fortuna will acquire all the issued and outstanding securities of Roxgold. Roxgold shareholders will receive 0.283 common shares of Fortuna and C$0.001 for each Roxgold common share held. The implied fully diluted in the-money equity value of the deal is estimated at approximately C$1.1 billion.
Upon completion, existing Fortuna and Roxgold shareholders will own approximately 64.3% and 35.7% of the pro forma company, respectively.
Carlyle Group To Acquire Unchained Labs – Quick Facts
The Carlyle Group (CG) has agreed to acquire Unchained Labs for $435 million, in partnership with its management team, from Novo Holdings A/S, Canaan Partners and TPG Biotech. Headquartered in Pleasanton, CA, Unchained Labs is a life science tools company focused on solving problems for biologics and gene therapy researchers.
The company said its investment in Unchained Labs is a continuation of Carlyle’s long-term global commitment to healthcare, in which it has invested more than $16 billion of equity since inception.
Lennox International Boosts FY21 Outlook – Quick Facts
While reporting financial results for the first quarter on Monday, Lennox International Inc. (LII) raised its earnings and revenue growth outlook for the full-year 2021.
For fiscal 2021, Lennox now projects earnings from continuing operations in a range of $11.33 to $11.93 per share and adjusted earnings from continuing operations in a range of $11.40 to $12.00 per share on revenue growth of 7 to 11 percent.
Previously, the company expected earnings and adjusted earnings from continuing operations in the range of $10.55 to $11.15 per share on revenue growth of 4 to 8 percent.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $11.23 per share on a revenue growth of 6.5 percent to $3.87 billion for the year. Analysts’ estimates typically exclude special items.
Stephen Curry sets NBA record for 3-pointers in a calendar month with 85
Stephen Curry's scintillating April is now in the record books.
The two-time NBA MVP added to his epic three-point shooting month on Sunday with seven triples in the Golden State Warriors' 117-113 win over the Sacramento Kings.
That gives Curry – averaging 38.2 points per game in April – a total of 85 three-pointers in the month of April. He's shooting 47% from beyond the arc this month.
He could continue adding to that total, too. Golden State plays Dallas on Tuesday and at Minnesota on Thursday to cap off the month.
U.S. Reports 42K New COVID Cases
About 42,018 new cases were reported in the United States on April 18, taking total cases to 28.2 million, according to data compiled by Johns Hopkins University.
The country is averaging about 70,000 cases a day, about 16,000 more than a month ago. Florida reported the highest number of new cases during the period at 6,834; while New York 5,641; New Jersey 3,149; Illinois 2,659 and Pennsylvania 2,612.
Around 313 new deaths were reported, taking the total number of deaths to 567,217.
Meanwhile, US President Joe Biden has announced that all adults in every U.S. state, Washington, D.C., and Puerto Rico are now eligible to receive a Covid-19 vaccine.
“Folks, I have good news,” Biden said in a White House clip. “Everybody is eligible, as of today, to get the vaccine. We have enough of it; you need to be protected, and you need, in turn, to protect your neighbors and your family. So please, get the vaccine.”
The U.S. is currently administering an average of 3.2 million doses a day, up from roughly 2.5 million a month before. Over 131 million people, or half of all American adults, has received at least one shot as of Sunday, according to the Centers for Disease Control and Prevention, and about 84.3 million people have been fully vaccinated.
In other developments, Anthony Fauci, the top infectious-disease expert in the country, said the nationwide halt in the use of Johnson & Johnson’s single-dose coronavirus vaccine is likely to be lifted by Friday.
New York Community Bancorp Declares Quarterly Dividend Of $0.17/share – Quick Facts
While reporting its financial results for the first quarter on Monday, New York Community Bancorp, Inc. (NYCB) said its board of directors declared a quarterly cash dividend of $0.17 per share on the company’s common stock.
Based on a closing price of $11.99 as of April 23, 2021, this represents an annualized dividend yield of 5.7 percent. The dividend is payable on May 18, 2021 to common shareholders of record as of May 7, 2021.
Iran sentences British-Iranian aid worker to one year jail
An Iranian Revolutionary court has sentenced British-Iranian aid worker Nazanin Zaghari-Ratcliffe to a one-year jail term and she is banned from leaving the country for a year, her lawyer Hojjat Kermani told Emtedad news website on Monday.
"Nazanin Zaghari was sentenced to one year in prison and a one year ban from leaving the country on charges of propaganda against the Islamic Republic," Kermani told the website.
Zaghari-Ratcliffe, a project manager with the Thomson Reuters Foundation charity, was arrested at a Tehran airport in April 2016 and later convicted of plotting to overthrow the clerical establishment.
She was released from house arrest last month at the end of a five-year sentence, but immediately ordered back into court to face the new propaganda charges.
Kermani said he would appeal the new sentence within 21 days under Iranian law.
Her family and the foundation, a charity that operates independently of media firm Thomson Reuters and its news subsidiary Reuters, deny the charges.
Zaghari-Ratcliffe spent four years in jail before being released into house arrest in March 2020 during the coronavirus.