Axis Capital Secures Approval to Launch Lloyd’s Managing Agency

Axis Capital Secures Approval to Launch Lloyd’s Managing Agency

Axis Capital Holdings has received final authorization from Lloyd’s, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) for its own Lloyd’s managing agent, AXIS Managing Agency Limited. AXIS Managing Agency will assume management of AXIS Syndicate 1686 at Lloyd’s effective Aug. 4, replacing the company’s third-party managing agency agreement with Asta Managing Agency Limited, which had been in place since 2014. “This is a significant milestone for […]

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Celsius to Partner With A.S. Watson

Celsius to Partner With A.S. Watson

Celsius, a maker of fitness drinks with the same name, said on Monday said its expanding its business in Hong Kong. The company will partner with A.S. Watson Industries, a member of A.S. Watson Group, which owns bottled water brand Watsons Water, and also other beverage distributing businesses for its planned expansion which is aimed at growing market share and strengthening the brand. Celsius began its foray into the Hong […]

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Yield10 Bioscience Prices Registered Direct Offering

Yield10 Bioscience Prices Registered Direct Offering

Yield10 Bioscience said premarket Monday it has entered into a securities purchase agreement with certain new institutional investors and with participation by existing investor Jack Schuler. The agreement provides for the purchase and sale of 570,784 shares of common stock at $4.00 a share, 22.9% lower than the share closing price on Friday, in a registered direct offering, resulting in total gross proceeds of $2.3 million. Yield 10 also agreed […]

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D.R. Horton Acquires 75% of Forestar

D.R. Horton Acquires 75% of Forestar

D.R. Horton will acquire 75% of outstanding shares of Forestar for $17.75 per share as Forestar terminates its previous merger agreement with Starwood Capital Group. The transaction will be effected through a merger of a newly formed, wholly-owned subsidiary of D.R. Horton with Forestar with a cash election feature in which Forestar stockholders will have the right to either receive $17.75 per share in cash as merger consideration, or to […]

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Owens Corning to Sell Senior Notes in Public Offering

Owens Corning to Sell Senior Notes in Public Offering

Owens Corning said pre-market Wednesday that it is offering to sell a new series of its unsecured senior notes in an underwritten public offering under its effective shelf registration statement. Owens Corning will use a portion of the net proceeds of the senior notes offering to fund a portion of the purchase price of its acquisition of Pittsburgh Corning Corporation and Pittsburgh Corning Europe NV, which it will close by […]

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