JACKSONVILLE, Fla., March 11, 2020 -- Stein Mart, Inc. (NASDAQ: SMRT) today announced financial results for the fourth quarter and fiscal year ended February 1, 2020. Net loss.
WILMINGTON, Del., Feb. 20, 2020 -- Rigrodsky & Long, P.A. announces that it is investigating: Front Yard Residential Corporation (NYSE: RESI) regarding possible breaches.
A shareholder is pushing back against the deal that would take Stein Mart private, accusing Chairman Jay Stein of "hijacking" the process.
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Stein Mart, Inc. (SMRT) in connection with the proposed acquisition of the company by an affiliate of Kingswood Capital Management, LP. Under the terms of the acquisition agreement, SMRT shareholders will receive $0.90 in cash for each share of SMRT that they own. WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of First Horizon National Corporation (FHN) in connection with its proposed acquisition of IBERIABANK Corporation (“IBKC”).
JACKSONVILLE, Fla., April 20, 2020 -- Stein Mart, Inc. (NASDAQ: SMRT) today announced that it qualifies for recently announced temporary relief from compliance with The Nasdaq.
As the coronavirus pandemic has taken hold of the U.S., countless businesses have been forced to close and lay off or furlough workers. Nationwide unemployment claims continue to rise to over 16 million as another 6.
Adesto Technologies Corporation (IOTS)
NEW YORK, March 11, 2020 -- Neon Therapeutics, Inc. (NASDAQ:NTGN) Lifshitz & Miller announces investigation into possible breach of fiduciary duties in connection with.
Stein Mart, Inc. (SMRT) today provided an update on actions it is taking, following its initial March 18, 2020 announcement related to the COVID-19 pandemic. Based on the latest guidance from federal, state and local government and health authorities, and in the interest of the health and safety of its customers and associates, the company is extending the temporary closure of all stores beyond the previously announced March 31 date. As the situation continues to evolve rapidly, Stein Mart is not currently able to predict when the stores will reopen.
Stein Mart, Inc. and Kingswood Capital Management said late Friday they have mutually agreed to end their deal to take the Florida-based retailer private due to the uncertainty brewed by the coronavirus pandemic. The deal was announced on Jan. 31, and an affiliate of Kingswood was to acquire all Stein Mart shares not owned by Jay Stein, Stein Mart's former chief executive and current chairman, and related investors. The Stein Mart board, Jay Stein exempted, acted on the recommendation of a special committee tasked with overseeing the merger, the company said. The termination is in response to "unpredictable economic conditions" resulting from the global health crisis, uncertainty regarding Stein Mart's ability to satisfy the conditions to closing, and "the substantial expense" of soliciting shareholder approval for a transaction unlikely to close, the company said.
NEW YORK, March 23, 2020 -- Neon Therapeutics, Inc. (NTGN) Lifshitz & Miller announces investigation into possible breach of fiduciary duties in connection with the sale.
The termination was approved by the Stein Mart Board of Directors (other than Mr. Stein) acting on the recommendation of the Special Committee of independent directors that oversaw negotiation of the merger agreement, and is in response to the unpredictable economic conditions resulting from the global health crisis caused by the coronavirus (COVID-19) pandemic, uncertainty regarding Stein Mart’s ability to satisfy the conditions to closing, and the substantial expense to Stein Mart of soliciting shareholder approval for a transaction which is unlikely to close. In a joint statement, Richard L. Sisisky, Stein Mart Board member and Chairman of the Special Committee, and Alex Wolf, Managing Partner of Kingswood, said, “While we both believed in the benefits of the proposed transaction, we have mutually concluded after careful consideration that given the current environment and significant uncertainty, it would not be prudent to continue to pursue the transaction.”
Stein Mart, Inc. (SMRT) plans to release its fourth quarter and fiscal 2019 financial results after the U.S. financial markets close on Wednesday, March 11, 2020. In light of the Company’s pending merger with an affiliate of Kingswood Capital Management, L.P., the Company will not be hosting an investor conference call following the release of its financial results. Stein Mart, Inc. is a national specialty omni off-price retailer offering designer and name-brand fashion apparel for him, for her and now for Kids!, home décor, accessories and shoes at everyday discount prices.
NEW YORK, NY / ACCESSWIRE / February 20, 2020 / The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on behalf of shareholders ...
NEW YORK, Feb. 19, 2020 -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper.
The number of cases of the coronavirus that causes COVID-19 rose to 2.2 million on Friday, as China raised the official number of deaths in Wuhan, the city that first reported the illness late last year, and its GDP fell by 6.8% to mark the first-ever contraction on record.
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Delphi Technologies PLC (DLPH) in connection with the proposed acquisition of the company by BorgWarner Inc. (“BWA”). Under the terms of the acquisition agreement, DLPH shareholders will receive 0.4534 shares of BWA for each DLPH share that they own, representing implied per-share merger consideration of $8.69 based upon BWA’s March 18, 2020 closing price of $19.17.
Citing the fallout from COVID-19, Stein Mart and Kingswood Capital Management announced a mutual termination of their merger agreement.
JACKSONVILLE, Fla., March 18, 2020 -- In response to the coronavirus (COVID-19) outbreak, Stein Mart, Inc. (NASDAQ: SMRT) today announced that it will temporarily close all.
Stein Mart, Inc. (SMRT) today announced enhanced safety and cleaning measures to ensure the health and safety of its customers and associates as stores begin to reopen. The Company also announced it has launched Contactless Curbside Pickup service in select stores. While stores were temporarily closed, Stein Mart has been proactively preparing to reopen its stores, implementing a number of precautionary measures to ensure a safe working and shopping environment, and launching its new Contactless Curbside Pickup service.