Facedrive Inc. Announces Closing of Second Tranche of Non-brokered Private Placement

TORONTO–(BUSINESS WIRE)–#Facedrivegivesback—Facedrive Inc. (“Facedrive” or the “Company”) (TSXV: FD) today announces that the closing of the second tranche of its non-brokered private placement for 368,548 common shares of the Company (the “Common Shares”) for aggregate gross proceeds of $3,316,932. All Common Shares issued in the offering are subject to a hold period expiring four months […]

CarMax Recommends Shareholders Reject Below-Market “Mini-Tender” Offer by TRC Capital Investment Corporation

RICHMOND, Va.–(BUSINESS WIRE)–CarMax, Inc. (the “Company” or “CarMax”) (NYSE:KMX), has been notified that TRC Capital Investment Corporation (“TRC Capital”) has made an unsolicited “mini-tender” offer to purchase up to 1,500,000 shares of CarMax’s common stock, or less than 1% of the outstanding common stock of the Company as of May 31, 2020. TRC Capital’s offer […]

Orion Engineered Carbons Announces Second Quarter 2020 Earnings Release Date and Conference Call

HOUSTON–(BUSINESS WIRE)–$OEC #chemicals–Orion Engineered Carbons S.A. (“Orion” or the “Company”) (NYSE: OEC), a worldwide supplier of specialty and high-performance Carbon Black, announced that the Company will release its second quarter 2020 results after the market closes on Tuesday, August 4, 2020, to be followed by a conference call on Wednesday, August 5, 2020, at 8:30 […]

America’s Largest Manufacturer of Transparent Armor Launches New Name and Brand as XPER

SAXONBURG, Pa.–(BUSINESS WIRE)–Rockwood Equity Partners announced today that its portfolio company, Ibis Tek, which includes Standard Bent Glass, now is rebranded as XPER (the “Company”). The Company unveiled a new logo and launched a modern and redesigned website (www.xperusa.com), components of a comprehensive rebranding strategy to reflect the evolution and future vision of the Company. […]

White Oak Commercial Finance Delivers $8MM Credit Facility to Global Automotive Supplier

SAN FRANCISCO–(BUSINESS WIRE)–White Oak Commercial Finance LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided an $8MM credit facility to a global automotive supplier specializing in design, engineering, and manufacturing of mechatronic systems and lightweight solutions. “We are thrilled to close this credit facility and look forward to working with […]

Uber to Acquire Postmates

Combination of platforms to provide more choice and convenience for consumers, increased demand and tailored technology offerings for restaurants, and new income opportunities for delivery people SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) and Postmates Inc. today announced that they have reached a definitive agreement under which Uber will acquire Postmates for approximately $2.65 billion […]

Worldwide Road Safety Industry to 2027 – Strategic Recommendations in Key Business Segments – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Road Safety – Global Market Outlook (2018-2027)” report has been added to ResearchAndMarkets.com’s offering. The Global Road Safety market accounted for $2.74 billion in 2018 and is expected to reach $6.91 billion by 2027 growing at a CAGR of 10.8% during the forecast period. Rising number of road fatalities/accidents and government initiatives for […]

Eaton’s Vehicle Group Leveraging Industry 4.0 Technology to Navigate COVID-19 Pandemic

GALESBURG, Mich.–(BUSINESS WIRE)–Power management company Eaton today announced its Vehicle Group has been leveraging advanced Industry 4.0 technology to help its global operations safely navigate the ongoing COVID-19 crisis and continue to service its customers. Eaton’s Vehicle Group envisions Industry 4.0 as both operational and informational technologies, enabling autonomous production systems that are connected, optimized, […]

Cancelling Canada Night: AIA Canada announces the cancellation of annual event

Ottawa, Ontario — The Automotive Industries Association (AIA) of Canada has announced that the 2020 edition of Canada Night has been cancelled due to COVID-19.  The event, which was originally scheduled for Nov. 3, 2020 was supposed to take place during the Automotive Aftermarket Parts Exposition (AAPEX) in Las Vegas, Nevada.  “This has been a hard […]

Catalytic Conundrum: 68 charges laid in connection with stolen catalytic converters

Hamilton, Ontario — Hamilton Police have laid 68 charges connected to the recent theft of catalytic converters.  A catalytic converter is a key component to a vehicle’s exhaust system, it essentially reduces the emissions of toxic gases and pollutants. The attraction to the converters is due to their “high value metals that can easily be […]