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The Law Offices of Frank R. Cruz Announces Investigation of MultiPlan Corporation (MPLN) on Behalf of Investors

The Law Offices of Frank R. Cruz Announces Investigation of MultiPlan Corporation (MPLN) on Behalf of Investors

LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of MultiPlan Corporation (“MultiPlan” or the “Company”) (NYSE: MPLN) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On November 11, 2020, Muddy Waters Research issued a report titled “MultiPlan: Private Equity Necrophilia Meets The Great 2020 Money Grab,” alleging, among other things that MultiPlan is “in financial decline, and its financial statements were engineered to obscure this existing deterioration.” It further stated that the Company “is in the process of losing its largest client, UnitedHealthcare,” which “has formed a competitor to MultiPlan that offers significantly lower prices and fewer conflicts of interest.”

On this news, the Company’s stock price fell $1.72 per share, or approximately 20%, to close at $7.01 per share on November 11, 2020.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased MultiPlan securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

[email protected]

www.frankcruzlaw.com

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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Innospec Achieves Gold Rating in EcoVadis CSR Assessment for the Second Consecutive Year

ENGLEWOOD, Colo., Nov. 17, 2020 (GLOBE NEWSWIRE) — Innospec (NASDAQ: IOSP) today announced it has been awarded a Gold Rating in sustainability performance by EcoVadis, for the second year in a row. Achieving a gold medal puts Innospec in the top 5% of all companies rated in our sector Globally.

EcoVadis is a Corporate Social Responsibility (CSR) evaluation platform, which scores more than 65,000 companies. It uses a methodology aligned to CSR Standards such as the Global Reporting Initiative, UN Global Company and ISO 26000.

Patrick S. Williams, President and Chief Executive Officer, said, “We are pleased to once again achieve Gold recognition from EcoVadis. This rating is reflective of the strong focus that our company has on CSR. In addition, we continue to invest in new technologies and facilities which will support our customers in their own CSR initiatives.”

Helen Coy, Group Sustainable Development Manager, said, “At Innospec, we are working hard to improve our performance across all key areas of our Responsible Business Strategy: environment, social engagement and governance. It is great to see that our management systems, policies and practices continue to improve each year along with our EcoVadis score. Maintaining our Gold medal status is a reflection of that.”

To learn more about Innospec’s approach to corporate responsibility and sustainability, please read the 2019 Innospec Responsible Business Report by visiting https://innospecsustainability.com/.

About Innospec Inc.

Innospec Inc. is an international specialty chemicals company with approximately 2000 employees in 24 countries. Innospec manufactures and supplies a wide range of specialty chemicals to markets in the Americas, Europe, the Middle East, Africa and Asia-Pacific.  The Fuel Specialties business specializes in manufacturing and supplying fuel additives that improve fuel efficiency, boost engine performance and reduce harmful emissions. Oilfield Services provides specialty chemicals to all elements of the oil and gas exploration and production industry.  The Performance Chemicals business creates innovative technology-based solutions for our customers in the Personal Care, Home Care, Agrochemical, Mining and Industrial markets. Octane Additives produces octane improvers to enhance gasoline.

Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.  All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements.  Such forward-looking statements include statements (covered by words like “expects,” “estimates,” “anticipates,” “may,” “believes,” “feels,” “plan,” “intend” or similar words or expressions, for example) which relate to earnings, growth potential, operating performance, events or developments that we expect or anticipate will or may occur in the future.  Although forward-looking statements are believed by management to be reasonable when made, they are subject to certain risks, uncertainties and assumptions, including, the effects of the COVID-19 pandemic, such as its duration, its unknown long-term economic impact, measures taken by governmental authorities to address it and the manner in which the pandemic may precipitate or exacerbate other risks and/or uncertainties, and our actual performance or results may differ materially from these forward-looking statements.  Additional information regarding risks, uncertainties and assumptions relating to Innospec and affecting our business operations and prospects are described in Innospec’s Annual Report on Form 10-K for the year ended December 31, 2019, Innospec’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 and other reports filed with the U.S. Securities and Exchange Commission.  You are urged to review our discussion of risks and uncertainties that could cause actual results to differ from forward-looking statements under the heading “Risk Factors” in such reports.  Innospec undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts:

Corbin Barnes

Innospec Inc.

+44-151-355-3611

[email protected]



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VAALCO Announces Transformational Acquisition of Additional Working Interest at Etame Marin Block Offshore Gabon Nearly Doubling Reserves and Production

HOUSTON, Nov. 17, 2020 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that it has signed a sale and purchase agreement (“SPA”) to acquire Sasol Gabon S.A.’s (“Sasol’s”) 27.8% working interest(1) in the Etame Marin block offshore Gabon. Since VAALCO currently owns and operates a 31.1% working interest(1) in Etame, the transaction will almost double VAALCO’s total production and reserves. In addition, VAALCO is acquiring Sasol’s 40% non-operated participating interest(1) in Block DE-8 offshore Gabon.


Highlights
     
  • Acquiring an additional 27.8% working interest in the Etame Marin block offshore Gabon, increasing VAALCO’s total working interest to 58.8%;
  • Nearly doubles VAALCO’s total net production and reserves;
      • Increases net revenue interest (“NRI”) production from 4,850 to 9,150 barrels of oil per day (“BOPD”) based on current month production
      • Increases year-end 2019 SEC reserves(2) from 5.0 million to 9.4 million barrels of oil (“MMBO”)
      • Increases year-end 2019 independent 2P CPR reserves(3) from 9.2 MMBO to 17.5 MMBO
  • Immediately accretive to VAALCO, with estimated increase of 23% in free cash flow per barrel(4) from approximately $10.90 to $13.30 at $45 realized oil price;
  • Adds optionality from acquisition of Sasol’s 40% non-operated participating interest in Block DE-8 offshore Gabon;
  • Agreed to total consideration to Sasol for the entire transaction of $44 million, subject to customary post-effective date adjustments, and future contingent payments of up to $6 million; and
  • Funding for the acquisition will be from cash on hand and cash from operations.

(1) Prior to the closing of the acquisition,
VAALCO’s working interest in Etame is 31.1% and its participating interest is 33.6%; Sasol’s working interest in Etame is 27.8% and its participating interest is 30%.
All NRI production rates and volumes are based on working interest less 13% royalty volumes.
Sasol’s participating interest in DE
–
8 is 40% and its working interest is subject to government rights for a 20% carried interest and 10% back-in interest.
(2) “SEC reserves” are Netherland, Sewell & Associates estimates prepared in accordance with the definitions and regulations of the U.S. Securities and Exchange Commission as of December 31, 2019.
(3) “2P CPR Reserves” are Netherland, Sewell & Associates proved plus probable estimates prepared in accordance with the definitions and guidelines set forth in the 2018 Petroleum Resources Management Systems approved by the Society of Petroleum Engineers as of December 31, 2019 using VAALCO’s management assumptions for escalated crude oil price and costs.
The SEC definitions of proved and probable reserves are different from the definitions contained in the 2018 Petroleum Resources Management Systems approved by the Society of Petroleum Engineers as of December 31, 2019. As a result, 2P CPR reserves may not be comparable to SEC reserves determined under United States standards. The SEC requires United States oil and gas reporting companies, in their filings with the SEC, to disclose only proved reserves after the deduction of royalties and production due to others but permits the optional disclosure of probable and possible reserves in accordance with SEC definitions.
(4) Free cash flow per barrel is calculated as (i) revenues less production expenses, general and administrative expense, annual abandonment funding and current income tax expense divided by (ii) the number of
NRI
barrels of oil sold
.
   
An investor deck with additional information regarding the transaction is available at

www.vaalco.com

under the
I
nvestor
R
elations section.

Cary Bounds, Chief Executive Officer, commented, “We believe that the acquisition of Sasol’s interest at Etame is a very attractive and value accretive strategic acquisition for the Company that confirms our position as one of the leading independent exploration and production companies in West Africa. In what was a competitive sales process, this is the ideal growth transaction that we have been seeking for VAALCO. We believe the acquisition of an additional stake in this field that we know so well, having been the operator since 1995, is an important step in implementing our strategy. The acquisition is expected to deliver a step change in our production to over 9,000 barrels of oil per day net based on current production and significantly boosts our cash flow profile. With minimal additions to our overhead costs, we expect this transaction to lower our G&A cost per barrel by approximately 40%. The strong operational and economic performance of Etame in recent years has enabled us to grow our net cash position, which we are now using to fund this value accretive acquisition and profitably expand our reserve base.”

Bounds continued, “We completed a highly successful drilling program earlier this year that demonstrated the quality of the asset and the upside that resides in the field, and this transaction, coupled with our recent announcement of acquiring new proprietary 3-D seismic data over the entire Etame Marin block, underscores the belief that we have in the long-term potential at Etame.   We are also enhancing upside potential with a 40% non-operated position in Block DE-8 offshore Gabon which includes an existing discovery and for which there are plans to potentially drill an appraisal well in 2021 representing an exciting near-term catalyst. In summary, as we have previously stated, we are focused on maximizing the value of our Gabon resources as well as expanding into new development opportunities across Africa.”

Transaction Terms

The Company has agreed to total cash consideration for both properties of approximately $44 million. The effective date of the transaction is July 1, 2020, and the Company anticipates that the transaction will close within 90 days. Cash paid at closing is expected to be less than $44 million as the amount paid will be subject to certain customary financial adjustments, including adjustments to account for estimated positive net cash flows attributable to the period from the effective date until the closing date. VAALCO plans to fund the net cost of the transaction with cash on hand and cash from operations. The SPA contains customary closing conditions including receipt of all necessary written consents, approvals or waivers, and provides for certain contingent payments of up to $6 million, as discussed below. Reserves, production and financial results for the interests being acquired will be included in VAALCO’s results for periods after the closing date of the transaction.

Impact of Acquisition

The metrics provided in the table below reflect Company management’s estimate of the positive impact of the acquisition on VAALCO’s key metrics.

                 
  As of December 31, 2019
  VAALCO   Sasol Interest   Combined
                 
SEC Crude Oil Proved Reserves (MBbls) 4,996     4,437     9,433  
                 
2P CPR Crude Oil Proved + Probable Reserves (MBbls) 9,224     8,242     17,466  
                 
                 
  Nine Months Ended September 30, 2020
  VAALCO   Sasol Interest   Combined
                 
NRI SALES DATA                
Crude oil (MBbls) 1,337     1,195     2,532  
NRI PRODUCTION DATA                
Crude oil (MBbls) 1,347     1,204     2,551  
Average daily production volumes (BOPD) 4,918     4,394     9,312  
                 

Block
DE-8
Offshore Gabon

Under the terms of the SPA, VAALCO is acquiring a 40% non-operated participating interest in Block DE-8 offshore Gabon, with Perenco, the operator, holding the remaining 60%. Block DE-8 is in shallow waters and encompasses multiple producing fields that are not part of the transaction and are carved out of the contract area that VAALCO is acquiring. The SPA includes an interest in the Akoum-B discovery on Block DE-8 that was drilled in 2003 and has a potential appraisal well planned for 2021. If the appraisal well is successful, it could be tied back through a subsea completion to a Perenco-operated existing platform on Block DE-8.

Contingent Payments

Under the terms of the SPA, a contingent payment of $5 million will be payable to Sasol by VAALCO if Brent oil pricing averages greater than $60 per barrel for 90 consecutive days during the period from July 1, 2020 to June 30, 2022. There is an additional contingent payment of $1 million if the DE-8 appraisal well is successful.

Advisors

Evercore Group L.L.C. served as financial advisors to VAALCO while Ashurst LLP served as legal advisors.

Conference Call

The Company will hold a conference call to discuss its acquisition of additional interest at Etame on November 18, 2020, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time and 3:00 p.m. London Time). Interested parties may participate by dialing (877) 270-2148. Parties in the United Kingdom may participate toll-free by dialing 08082389064 and other international parties may dial (412) 902-6510. Participants should request to be joined to the “VAALCO Energy Conference Call.” This call will also be webcast on VAALCO’s website at www.vaalco.com. An archived audio replay will be available on VAALCO’s website.

About VAALCO

VAALCO, founded in 1985, is a Houston, USA based, independent energy company with production, development and exploration assets in the West African region.

The Company is an established operator within the region, holding a 33.6% participating interest in the Etame Marin block, located offshore Gabon, which to date has produced over 118 million barrels of crude oil and of which the Company is the operator.

For Further Information
     
  VAALCO Energy, Inc. (General and Investor Enquiries) +00 1 713 623 0801
  Website: www.vaalco.com
  Al Petrie Advisors (US Investor Relations) +00 1 713 543 3422
  Al Petrie / Chris Delange  
  Buchanan (UK Financial PR) +44 (0) 207 466 5000
  Ben Romney / Kelsey Traynor / James Husband [email protected]

Forward Looking Statements

This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, included in this document that address activities, events, plans, expectations, objectives or developments that VAALCO expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements may include statements related to the pending transaction, the impact of the COVID-19 pandemic, including the recent sharp decline in the global demand for and resulting global oversupply of crude oil and the resulting steep decline in oil prices, production quotas imposed by Gabon, disruptions in global supply chains, quarantines of our workforce or workforce reductions and other matters related to the pandemic, well results, wells anticipated to be drilled and placed on production, future levels of drilling and operational activity and associated expectations, the implementation of the Company’s business plans and strategy, prospect evaluations, prospective resources and reserve growth, its activities in Equatorial Guinea, expected sources of and potential difficulties in obtaining future capital funding and future liquidity, its ability to restore production in non-producing wells, future operating losses, future changes in crude oil and natural gas prices, future strategic alternatives, future acquisitions, capital expenditures, future drilling plans, acquisition and interpretation of seismic data and costs thereof, negotiations with governments and third parties, timing of the settlement of Gabon income taxes, and expectations regarding processing facilities, production, sales and financial projections. These statements are based on assumptions made by VAALCO based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond VAALCO’s control. These risks include, but are not limited to, crude oil and natural gas price volatility, the failure of the transaction to close, the impact of production quotas imposed by Gabon in response to production cuts agreed to as a member of OPEC, inflation, general economic conditions, the outbreak of COVID-19, the Company’s success in discovering, developing and producing reserves, production and sales differences due to timing of liftings, decisions by future lenders, the risks associated with liquidity, lack of availability of goods, services and capital, environmental risks, drilling risks, foreign regulatory and operational risks, and regulatory changes.

Investors are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. VAALCO disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Inside Information

This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse (“MAR”) and is made in accordance with the Company’s obligations under article 17 of MAR.



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Masonite International Corporation to Present at the BofA Securities 2020 Leveraged Finance Virtual Conference

Masonite International Corporation to Present at the BofA Securities 2020 Leveraged Finance Virtual Conference

TAMPA, Fla.–(BUSINESS WIRE)–
Masonite International Corporation (NYSE: DOOR) today announced that Joanne Freiberger, Vice President and Treasurer, will present at the BofA Securities 2020 Leveraged Finance Virtual Conference on Tuesday, December 1, 2020.

A live webcast of the presentation will be available under the Investor Relations portion of the Company’s website at www.masonite.com. A replay of the webcast will be available for two weeks following the presentation.

About Masonite

Masonite International Corporation is a leading global designer, manufacturer and distributor of interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Since 1925, Masonite has provided its customers with innovative products and superior service at compelling values. Masonite currently serves approximately 8,500 customers in 60 countries. Additional information about Masonite can be found at www.masonite.com.

Joanne Freiberger, CPA, CTP, IRC

VP, TREASURER

[email protected]

o // 813.739.1808

Farand Pawlak, CPA

DIR. INVESTOR RELATIONS

[email protected]

o // 813.371.5839

KEYWORDS: Florida United States North America

INDUSTRY KEYWORDS: Other Construction & Property Residential Building & Real Estate Manufacturing Commercial Building & Real Estate Construction & Property Building Systems Other Manufacturing

MEDIA:

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Intersect ENT Announces New Appointments to Executive Leadership Team

Intersect ENT Announces New Appointments to Executive Leadership Team

Patrick Broderick to Serve as Executive Vice President, General Counsel and Corporate Secretary, and Reyna Fernandez Named as Chief Human Resource Officer

MENLO PARK, Calif.–(BUSINESS WIRE)–
Intersect ENT, Inc. (Nasdaq: XENT), a company transforming care for patients with ear, nose and throat (ENT) conditions, today announced the appointments of Patrick Broderick as Executive Vice President, General Counsel (GC) and Corporate Secretary, and Reyna Fernandez as Chief Human Resource Officer (CHRO). Both Mr. Broderick and Ms. Fernandez will begin serving their new roles on November 30, 2020, reporting to Tom West, President and CEO of Intersect ENT.

“I am most impressed with Patrick’s passion for serving as a trusted advisor to CEOs, executive management teams and Board of Directors, as well as Reyna’s passion for people with a focus on organization design, employee engagement, coaching and talent development,” said Mr. West. “Both Patrick and Reyna are outstanding additions to our organization, bringing experience, intelligence, and commitment to making a difference in healthcare. I look forward to having both on the leadership team.”

Mr. Broderick brings over 30 years of experience, building and leading high performing teams and driving business and legal solutions on a range of strategic, tactical and operational issues facing highly regulated global public companies. Most recently, he served as General Counsel, Chief Compliance Officer and Secretary at Grail, Inc., a multi-cancer early detection healthcare company, during which he built a team of attorneys with expertise in areas of intellectual property, regulatory compliance, contracts and clinical trial oversight. Prior to working at Grail, Mr. Broderick led the legal department supporting McKesson Corporation’s $200 billion annual revenue pharmaceutical distribution business, managing over 100 lawyers and legal assistants.

Ms. Fernandez joins Intersect ENT from Endologix, a med-tech company that specializes in minimally invasive treatments for vascular disease. Serving as Chief Human Resource Officer, she took on the difficult role of helping guide Endologix through a restructuring as a result of the COVID-19 pandemic. Ms. Fernandez also brings a depth of experience in human resources with time as Vice President of Human Resources at Canon Medical Systems and ten years at Johnson & Johnson, where she held the position of Vice President of Human Resources reporting to the President at Advanced Sterilization Products. Additionally, Ms. Fernandez founded her own human resource and executive coaching consultancy, a role that gave her exposure to a variety of healthcare and non-healthcare companies, processes and executives.

About Intersect ENT

Intersect ENT is a company transforming care for patients with ear, nose and throat conditions. The Company’s steroid releasing implants are designed to provide mechanical spacing and deliver targeted therapy to the site of disease. In addition, Intersect ENT is continuing to expand its portfolio of products based on the Company’s unique localized steroid releasing technology and is committed to broadening patient access to less invasive and more cost-effective care.

For additional information on the Company or the products including risks and benefits please visit www.IntersectENT.com. For more information about PROPEL® (mometasone furoate) sinus implants and SINUVA® (mometasone furoate) sinus implant, please visit www.PROPELOPENS.com and www.SINUVA.com.

Intersect ENT®, PROPEL® and SINUVA® are registered trademarks of Intersect ENT, Inc.

Forward-Looking Statements

The forward-looking statements in this press release are based on Intersect ENT’s current expectations and inherently involve significant risks and uncertainties. These statements and risks include: the duration and severity of the COVID-19 pandemic is unknown and could continue, and be more severe, than Intersect ENT currently expects; the unknown state of the U.S. economy following the pandemic; the level of demand for Intersect ENT’s products as the pandemic subsides; the ability of Intersect ENT to effectively and efficiently resume full commercial and manufacturing operations; the time it will take for the economy to recover from the pandemic; and the sufficiency of capital to run the Company through 2022. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, and others which are described in the Company’s latest Form 10-K and 10-Q filed with the Securities and Exchange Commission (SEC) available at the SEC’s Internet site (www.sec.gov). Intersect ENT does not undertake any obligation to update forward-looking statements and expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein, except as required by law.

Randy Meier, 650-641-2105

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Professional Services Medical Devices Health Legal Human Resources Pharmaceutical

MEDIA:

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IIROC Trading Resumption – GRN

Canada NewsWire

VANCOUVER, BC, Nov. 17, 2020 /CNW/ – Trading resumes in:

Company: Greenlane Renewables Inc.

TSX-Venture Symbol: GRN

All Issues: Yes

Resumption (ET): 8:00 AM 11/18/2020

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

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The National Football League and EA Sports Transform the 2021 Pro Bowl Presented by Verizon

The National Football League and EA Sports Transform the 2021 Pro Bowl Presented by Verizon

2021 NFL Pro Bowl Goes Virtual in EA SPORTS Madden NFL 21

Pro Bowl Fan Vote, presented by Verizon, Begins Today

Pro Bowl-Themed Show Celebrating Players to Air on ESPN and ABC

NEW YORK–(BUSINESS WIRE)–
Today, the National Football League (NFL) and Electronic Arts (NASDAQ: EA) announced plans to transform the 2021 NFL Pro Bowl presented by Verizon by going virtual in Madden NFL 21. The opening of the Pro Bowl Fan Vote presented by Verizon also kicks-off today, along with the unveiling of early details of an all-new virtual Pro Bowl experience within Madden NFL 21. After the announcement that the Pro Bowl game will not be played in Allegiant Stadium in 2021, the NFL will incorporate several additional elements which will ultimately comprise this new virtual Pro Bowl experience.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201117006266/en/

2021 NFL Pro Bowl x EA SPORTS Madden NFL 21 (Graphic: Business Wire)

2021 NFL Pro Bowl x EA SPORTS Madden NFL 21 (Graphic: Business Wire)

EA SPORTS and the NFL will create a week-long series of matchups featuring celebrities, NFL Legends, current players, and streamers playing as the official Pro Bowl rosters in Madden NFL 21. These matchups will culminate in an action-packed virtual Pro Bowl game played with 2021 Pro Bowl players facing off within Madden NFL 21. These virtual games will be available for fans to watch across a variety of platforms. Additionally, for players of Madden NFL 21, EA SPORTS will be dropping new Pro Bowl content in-game so that players worldwide can play out the AFC vs. NFC matchup themselves.

“Even amidst unparalleled change across the sports industry, we are excited to transition many of the signature components of the Pro Bowl-which will go virtual in Madden NFL 21– into a new innovative experience for our players and fans. We remain committed to using our Pro Bowl platform to empower fans to virtually celebrate the best players in the game,” said Peter O’Reilly, NFL EVP of Club Business and Events. “Our partners at EA SPORTS and Verizon are uniquely positioned to help the NFL make the transformation of this high-profile event from live to virtual possible, and we look forward to working closely with them to deliver this unprecedented experience to fans.”

“We are transforming the Pro Bowl for fans everywhere and bringing another amazing NFL experience to life in the way only Madden NFL can,” said Chris Bruzzo, Electronic Arts EVP of Marketing, Commercial & Positive Play. “We’re excited to work closely with the NFL, our long-time partner, to move the Pro Bowl to the virtual fields of Madden NFL and be part of the first high-profile sporting event to go virtual. Our community is hungry for more interactive experiences, so we are always working to create more opportunities to bring them closer to the sports they love.”

Starting today, fans can show their support for their favorite players by voting for them to be named to the 2021 Pro Bowl presented by Verizon roster. Additionally, the NFL will leverage social media platforms to showcase its players’ incredible athletic accomplishments and competitive nature, while also highlighting their unique personalities off the gridiron.

Fans have the opportunity to vote for the Pro Bowl presented by Verizon roster as often as they’d like starting today until Thursday, December 17 across a variety of platforms, including:

  • On NFL.com/ProBowlVote.
  • Through Madden NFL 21 Mobile and Madden NFL 21 on consoles. Plus, Madden NFL players will see Pro Bowl voting content and announcements in-game throughout the duration of the voting period, with more ways Madden NFL fans can play an active role in virtual in-game roster additions to come.
  • Directly on Twitter during the final two weeks of voting (December 1 – December 17). Fans can vote directly on Twitter by tweeting the first and last name of the player, tagging the player’s official Twitter handle or creating a hashtag including the player’s first and last name. All three of these methods must include the hashtag: #ProBowlVote.

NFL players and coaches will cast their votes on Friday, December 18. Player selections will be determined by the consensus votes of fans, players and coaches, with each group’s vote counting as one-third toward determining the All-Star players who will be selected to this year’s Virtual Pro Bowl. The NFL is the only sports league that combines voting by fans, coaches and players to determine its Pro Bowl teams.

The NFL, ESPN and ABC will continue working together on Pro Bowl, creating engaging content from the start of the Pro Bowl vote all the way through the traditional Pro Bowl week and gameday. The week-long series of virtual events celebrating the Pro Bowl will be featured in a special program, which will air on ESPN and ABC. More detail to be announced at a later date.

The following is a breakdown of positions and the corresponding numbers of players who will be selected (88 total in each conference) for the 2021 Pro Bowl presented by Verizon:

OFFENSE DEFENSE SPECIAL TEAMS
Wide Receivers (8) Defensive Ends (6) Punters (2)
Tight Ends (4) Interior Linemen (6) Placekickers (2)
Tackles (6) Outside Linebackers (6) Return Specialists (2)
Guards (6) Inside/Middle Linebackers (4) Special Teamers (2)
Centers (4) Cornerbacks (8) Long Snappers (2)
Quarterbacks (6) Safeties (6)
Running Backs (6)
Fullbacks (2)

About Electronic Arts

Electronic Arts (NASDAQ: EA) is a global leader in digital interactive entertainment. The Company develops and delivers games, content and online services for Internet-connected consoles, mobile devices and personal computers.

In fiscal year 2020, EA posted GAAP net revenue of $5.5 billion. Headquartered in Redwood City, California, EA is recognized for a portfolio of critically acclaimed, high-quality brands such as EA SPORTS™ FIFA, Battlefield™, Apex Legends™, The Sims™, Madden NFL, Need for Speed™, Titanfall™ and Plants vs. Zombies™. More information about EA is available at www.ea.com/news.

EA SPORTS, Battlefield, Apex Legends, The Sims, Need for Speed, Titanfall and Plants vs. Zombies are trademarks of Electronic Arts Inc. Madden and the NFL are property of their respective owners and used with permission.

Category: EA Studios

NFL:

Samantha Roth

VP, Communications

212-450-2768

[email protected]

Electronic Arts:

Will Alexander

PR Manager

614-477-9728

[email protected]

KEYWORDS: California New York United States North America

INDUSTRY KEYWORDS: Software Online Sports Entertainment Mobile Entertainment Events/Concerts Consumer Electronics Technology Football Celebrity TV and Radio Licensing (Entertainment) Electronic Games

MEDIA:

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2021 NFL Pro Bowl x EA SPORTS Madden NFL 21 (Graphic: Business Wire)
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M&T Bank Corporation Announces Fourth Quarter Common Stock Dividend

PR Newswire

BUFFALO, N.Y., Nov. 17, 2020 /PRNewswire/ — M&T Bank Corporation (“M&T”) (NYSE: MTB) announced that it has declared a quarterly cash dividend of $1.10 per share on its common stock.  The dividend will be payable December 31, 2020 to shareholders of record at the close of business on December 1, 2020.

About M&T Bank
M&T is a financial holding company headquartered in Buffalo, New York. M&T’s principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. Trust-related services are provided by M&T’s Wilmington Trust-affiliated companies and by M&T Bank.

Investor Contact:
Donald J. MacLeod
(716) 842–5138

Media Contact: 
C. Michael Zabel
(716) 842-5385          

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SOURCE M&T Bank Corporation

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Barrow, Hanley, Mewhinney & Strauss, LLC Completes Deal with Perpetual Limited

Perpetual Acquires 75% Interest in Barrow Hanley from BrightSphere

Partnership Expands Barrow Hanley’s Global Reach

PR Newswire

DALLAS, Nov. 17, 2020 /PRNewswire/ — Barrow, Hanley, Mewhinney & Strauss, LLC (“Barrow Hanley”) today announced that Australian Financial Firm, Perpetual Limited (“Perpetual”) (ASX:PPT) has acquired a 75% interest in the US-based global investment management business from BrightSphere Investment Group Inc. (“BSIG”).

Barrow Hanley has approximately US$41.01 billion in assets under management across US equities, global equities, global emerging markets equities, and fixed income strategies. Its team of 100 employees, including 54 investment professionals, has a strong track record of value investing, and is based in Dallas with a presence in Hong Kong.

This acquisition is consistent with Perpetual’s strategy to build world-class investment capability and a global distribution footprint. It brings together two complementary investments brands, both with successful and long-term track records. By leveraging Perpetual’s growing distribution capabilities, Perpetual has plans in place to drive growth in Barrow Hanley’s highly rated US and global equities, global emerging market equities, and fixed income strategies, and accelerate its investment in North American and European distribution.

CEO and Executive Director of Barrow Hanley, Mr. Cory Martin said, “We are excited to formally commence our partnership with Perpetual. The response from our clients has been extremely positive and we look forward to leveraging the combination of our investment expertise and Perpetual’s world-class distribution capability.”

Perpetual Chief Executive Officer and Managing Director, Mr. Rob Adams said, “This is a transformational deal for Perpetual. We now have a broad range of world class investment capabilities; we have significantly diversified our AUM by client type, client location and by asset sector and; we now have multiple opportunities to drive strong future growth in AUM, with substantial capacity across those strategies.

“The successful early build-out of our US distribution team is now greatly accelerated, with 31 distribution professionals joining us through the acquisition of Barrow Hanley.

“The Barrow Hanley investment teams are truly world class, and we are delighted to partner with them to forge a strong growth path into the future.”

Barrow Hanley will retain its brand and continue to operate independently with no change to its investment process or key personnel. Its existing management will continue to lead the business ensuring a commitment to their established valuation-centric approach and unwavering adherence to their time-tested, disciplined investment process. Investment and management team members will retain their 25% ownership, providing both strong alignment of goals and continuity for Barrow Hanley’s clients and Perpetual.

For more information on Barrow Hanley and the firm’s investment approach, strategies, and performance, visit www.barrowhanley.com.

For media inquiries, please contact:

Barrow Hanley –
James Doyle at 973 944 8105 or [email protected]

Perpetual –
Jon Snowball at +61 477 946 068 or [email protected]

About Barrow Hanley

Founded in 1979, Barrow Hanley is a diversified investment management firm offering value-focused investment strategies spanning global equities and fixed income. Recognized as one of the few remaining firms dedicated exclusively to value investing, Barrow Hanley enjoys a boutique culture with a singular focus to assist clients in meeting their investment objectives. Today, Barrow Hanley has approximately 100 employees (54 investment professionals) and manages $41.01 in assets for a variety of clients. Barrow Hanley stewards the capital of corporate, public, multi-employer pension plans, mutual funds, endowments and foundations, and sovereign wealth funds across North America, Europe, Asia, Australia and Africa. For further information, please visit www.barrowhanley.com.

About Perpetual

Perpetual is a financial services group operating in funds management, financial advisory and trustee services. Our origin as a trustee company, coupled with our strong track record of investment performance, has created our reputation as one of the strongest brands in financial services in Australia. For further information, visit www.perpetual.com.au.

1Total assets under management (AUM) as of 10/31/20; net of clients who have terminated or confirmed their intention to terminate

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SOURCE Barrow Hanley

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GCM Grosvenor Announces Completion of Business Combination

Firm Will Begin Trading on The Nasdaq Capital Market Under the Ticker ‘GCMG’ on Nov. 18, 2020

PR Newswire

CHICAGO, Nov. 17, 2020 /PRNewswire/ — GCM Grosvenor, a global alternative asset management firm, and CF Finance Acquisition Corp. (“CFAC”) (NASDAQ: CFFA) announced today that they have completed their business combination. The Class A common stock of the combined company, which will operate as GCM Grosvenor Inc., is scheduled to begin trading on The Nasdaq Capital Market under the ticker “GCMG” beginning on November 18, 2020.

GCM Grosvenor is a leading alternative solutions provider with assets under management across private equity, infrastructure, real estate, credit and absolute return investment strategies. The firm is in its 50th year of operation and is dedicated to delivering value for clients in the growing alternative investment asset classes.

“We are excited to build upon our five decades as a leader in providing alternative asset management solutions to our clients,” said Michael Sacks, GCM Grosvenor’s Chairman and CEO. “We have long believed that we succeed when our clients succeed, and we look forward to continuing to serve our clients while building value for our public shareholders.”

The cash held in CFAC’s trust account, together with the $195 million in PIPE proceeds and $30 million investment from Cantor Fitzgerald, will be used to purchase shares from certain GCM Grosvenor pre-transaction equity holders, reduce GCM Grosvenor’s existing indebtedness, fund GCM Grosvenor’s future growth, and pay transaction expenses. At the completion of the transaction, GCM Grosvenor management owns in excess of 78% of the equity interests of the combined company.

Advisors

J.P. Morgan served as exclusive financial advisor to GCM Grosvenor on the business combination and William Blair & Company served as capital markets advisor to GCM Grosvenor. Latham & Watkins LLP served as legal counsel to GCM Grosvenor.

Cantor Fitzgerald & Co. acted as financial and capital markets advisor to CFAC and The Klein Group, LLC acted as M&A advisor to CFAC. Hughes Hubbard & Reed LLP and Ellenoff Grossman & Schole LLP served as legal counsel to CFAC.

J.P. Morgan and Cantor Fitzgerald & Co. served as placement agents for the PIPE financing.

About GCM Grosvenor

GCM Grosvenor is a global alternative asset management solutions provider with assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm is in its 50th year of operation and is dedicated to delivering value for clients in the growing alternative investment asset classes.

GCM Grosvenor’s experienced team of approximately 500 professionals serves a global client base of institutional and high net worth investors. The firm is headquartered in Chicago, with offices in New York, Los Angeles, London, Tokyo, Hong Kong, and Seoul.

About CF Finance Acquisition Corp.

CF Finance Acquisition Corp. is a public investment vehicle formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CFAC is led by its Chairman and Chief Executive Officer, Howard W. Lutnick, who is also the Chairman and Chief Executive Officer of Cantor Fitzgerald. Prior to the business combination, CFAC’s securities were traded on the Nasdaq Capital Market under the ticker symbols CFFA, CFFAW and CFFAU.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected future performance of GCM Grosvenor’s business and the completed business transaction. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including without limitation, the historical performance of our funds may not be indicative of our future results; risks related to redemptions and termination of engagements; effect of the COVID-19 pandemic on our business; the variable nature of our revenues; competition in our industry; effects of government regulation or compliance failures; market, geopolitical and economic conditions; identification and availability of suitable investment opportunities; and risks related to the performance of our investments. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the joint registration statement/proxy statement on Form S-4  filed by GCM Grosvenor Inc. and its other filings with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and GCM Grosvenor assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

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SOURCE GCM Grosvenor; CF Finance Acquisition Corp.