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Prosperity Bank’s parent firm Prosperity Bancshares, on Tuesday, said it is organizing a stock buyback program, where the firm will repurchase about 5% which is 4.7 million shares of its outstanding stock over one year, which will expire on January 16, 2025. The financial service provider said under this program, the repurchase will be made […]
Revenue Based Finance Coalition (RBFC) partnered with tech giant Amazon as title sponsor for its Funders Forum + Brokers Expo, a flagship event set to convene leaders and visionaries within the finance industry on Tuesday. The company said the event is soon to be held between March 5 and 7 at Seminole Hard Rock Hotel […]
Online Trading firm ForexVox rebranded to MarketsVox on Tuesday, symbolizing a strategic and forward-thinking approach that encapsulates the company’s vision for the future. The company said the reason to rebrand is grounded in a multifaceted strategy that aims to represent the extensive array of financial instruments offered by MarketsVox. While Forex has been a cornerstone, […]
Business development company Palmer Square Capital BDC Inc, on Monday, went public on the New York Stock Exchange (NYSE American) under the symbol PSBD, for a value of $89.7 million of its common stock. The firm said the public offering price is expected at $16.45 per share for about 5.5 million shares of its overall […]
Renewable energy facility Pattern Energy Group closed an $11 billion non-recourse financing on Wednesday, and begun full construction of SunZia Transmission and SunZia Wind, which together is one of the largest clean energy infrastructure project in U.S. history. The renewable energy infrastructure projects SunZia Wind and SunZia Transmission are two of the largest energy projects […]
Investment solutions provider Ninepoint Partners, on Wednesday, said Canadian Large Cap Leaders Split Corp filed a preliminary prospectus in connection with an initial public offering of preferred and class A shares. The company said Canadian Large Cap Leaders filed its prospectus on Tuesday, and it will invest in an initially equally-weighted portfolio comprised primarily of […]
Capital markets group JLL arranged $463 million in financing for a 13-property portfolio of investment management firm Manulife and commercial real estate dealer Scannell Properties for recapitalization, on Tuesday. The company said through Oxford Properties Group, JLL represents the borrowers, Scannell Properties and Manulife to secure financing, including properties located in eight major distribution markets […]
The insurance firm OneDegree collaborated with its peer Dubai Insurance Co. on Monday to provide insurance for digital assets while supporting Web3 players in the United Arab Emirates (UAE) and the MENA region. The collaboration also aids clients in obtaining regulatory licenses in leading digital asset hubs across the world. The newly built partnership is […]
The development finance institution OPEC Fund for International Development approved more than $600 million in new development financing to advance sustainable social and economic development, on Thursday. The OPEC Fund said the new funds will support projects in transportation, health, education, and energy sectors, while also promoting climate action, and food security, and reinforcing international […]
Insurtech firm Shory.com partnered with Al Ain Ahlia Insurance, on Wednesday, with an aim to combine Al Ain Ahlia’s insurance plan with Shory’s digital platform to provide car insurance solution to its customers. The firm said the deal was signed by Suliman Abdullah Alfallaj, co-founder of Shory and Mohd Mazhar Hamadeh, general manager of Al […]
Smart home appliance provider Haier Smart Home acquired Carrier Global’s wholly-owned subsidiary, Carrier Commercial Refrigeration in a deal valued at $640 million, on Wednesday. Haier said it will purchase 100% of the equity interests and assets in Carolin Holdings B.V. Carrier to acquire Carrier’s commercial refrigeration business. The company also said its objective through the […]
Multi-asset class exchange firm TMX Group agreed to acquire about 78% of digital distribution and analytics company VettaFi Holdings’ remaining common equity for $848 million, on Wednesday. TMX, earlier in January, acquired nearly 22% of VettaFi’s common equity for $175 million. Also, John McKenzie, chief executive of TMX Group and Rajarathinam, operating chief joined VettaFi’s […]
