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As body-worn cameras are rolled out at and are , they've been worn for about a year by employees of a hired by Newton Business Improvement Association (BIA). Patrol members are contracted through , a private not-for-profit company whose security team takes on "non-core police duties" in the neighbourhood, allowing for local police "to take on more critical issues," according to . "We have bodycams at a number of our sites, and Newton BIA is one of them," noted Chris Mitchell, president and CEO of Commissionaires BC, a 97-year-old organization. In Newton Town Centre, four of the company's 1,300 security guards in B.C. are employed to daily patrol the business district in teams of two, as part of a safety program launched nine years ago by the BIA. "It's been hugely successful," raved Philip Aguirre, BIA executive director. "We've always looked for ways to improve and be on the cutting edge of how we can improve the community. Bodycams were a no-brainer for us that we wanted to provide security for our members. "Bodycams are something that we're going to continue with, and it's great that other organizations like the RCMP are getting on board," added Aguirre, also the owner-operator of on 72 Avenue. Mike Keller, Newton site supervisor with Commissionaires BC, says he feels safer with a body-worn camera on the job. "The camera, the video, adds more security for your statement that yes, this actually did happen," Keller said. "It goes a long way, and it gives the members a lot of security as well so they're not playing a guessing game. It's safeguarding the member and the company as well because now it's getting everything in real time, it's uploading in real time. It protects everybody including the individual you're dealing with, yourself, the company. It's an amazing tool to have." Mitchell underlined that video data from Commissionaires' body-worn cameras is securely stored offsite and retrieved "on a case-by-case request basis" by police and the courts. "These cameras are not out there just sort of filming everything with data going," Mitchell said. "We have a whole legal infrastructure around that.... For example, if police wanted access to specific information pertaining to a specific event, that request would come to us, we would then access that information, provide the very concise (video) snip that's relevant to that incident to them. So it's a very tight process whereby the information is stored and accessed. "Anybody can throw a bodycam on a guard, but it's how you manage the information that is the very important part of what we do." Critics of body-worn cameras say they can't be counted on to reduce law-enforcement violence, nor provide greater transparency. "They are not the reform that some would like them to be," wrote Dr. Jeff Shantz, department of criminology at Kwantlen Polytechnic University in Surrey, . "Criminological research finds that, at best, the outcomes of bodycam use are contradictory. Sometimes they are paradoxical. In some jurisdictions, studies even show police violence going up after the introduction of body cameras. For one thing, they do not show what the police actually do. They are positioned on officers and show their perspective. They can be turned off and on. There are questions about access to footage and about what happens with recorded data, including video of bystanders." Starting the week of Nov. 25, to roll out the use of body-worn cameras, followed by Ucluelet, Tofino, Prince George, Cranbrook and Kamloops. In total, 3,000 officers in 144 detachments serving 150 municipalities will be using body-worn cameras in the province. Meantime, criminologist Curt Griffiths says there's . He presented an executive summary of the results of a 2024 Surrey Police Service Community Consultation campaign during a Surrey Police Board meeting on Oct. 29. for more than two years. Among business organizations in B.C., Aguirre said, "we're the only BIA where security guards use bodycams, definitely in Surrey, and I suspect in the rest of the province as well. "Ideally," he added, "the body camera is a deterrent and you're going into an altercation that has been requested by the business community, a phone call or a passive patrol, and the bodycam is deescalating the scenario. The person can see the camera and that the blue light is on, indicating that they are being filmed, and ideally that scenario is then deescalated and their compliance is through the roof and they move along, which is great."
Schieffelin has 18 points, 13 rebounds and 8 assists as Clemson hands Penn State first loss 75-67Pep Guardiola’s side avoided the indignity of a sixth successive defeat in all competitions and looked on course for a welcome victory thanks to a double from Erling Haaland – the first from the penalty spot – and a deflected effort from Ilkay Gundogan. Yet Guardiola was left with his head in hands as Feyenoord roared back in the last 15 minutes with goals from Anis Hadj Moussa, Sergio Gimenez and David Hancko, two of them after Josko Gvardiol errors. Arsenal delivered the statement Champions League win Mikel Arteta had demanded as they swept aside Sporting Lisbon 5-1. Arteta wanted his team to prove their European credentials, and goals from Gabriel Martinelli, Kai Havertz, Gabriel, Bukayo Saka and Leandro Trossard got their continental campaign back on track in style following the 1-0 defeat at Inter Milan last time out. A memorable victory also ended Sporting’s unbeaten start to the season, a streak of 17 wins and one draw, the vast majority of which prompted Manchester United to prise away head coach Ruben Amorim. Paris St Germain were left in serious of danger of failing to progress in the Champions League as they fell to a 1-0 defeat to Bayern Munich at the Allianz Arena. Kim Min-jae’s header late in the first half was enough to send PSG to a third defeat in the competition this season, leaving them six points off the automatic qualification places for the last 16 with three games to play. Luis Enrique’s side, who had Ousmane Dembele sent off, were deservedly beaten by Bayern who dominated chances and possession. Elsewhere, Atletico Madrid were 6-0 winners away to Sparta Prague, Julian Alvarez and Angel Correa each scoring twice whilst there were also goals from Marcos Llorente and Antoine Griezmann. Barcelona ended tournament debutants Brest’s unbeaten start with a 3-0 victory courtesy of two goals from Robert Lewandowski – one a penalty – and Dani Olmo. Lewandowski’s first was his 100th Champions League goal, only the third man to reach the mark after Cristiano Ronaldo and Lionel Messi. A Castello Lukeba own goal saw Inter Milan go top of the standings with a narrow 1-0 win over RB Leipzig at San Siro, whilst Bayer Leverkusen were emphatic victors against Red Bull Salzburg, Florian Wirtz scoring twice to move Xabi Alonso’s side into the automatic qualification places. Atalanta continued their strong start, albeit whilst conceding a first goal in Europe this season in a 6-1 win away to Young Boys, whilst Tammy Abraham scored the decisive goal as AC Milan beat Slovan Bratislava 3-2.
BERWYN, Pa. , Nov. 26, 2024 /PRNewswire/ -- Envestnet, Inc. (the " Company "), yesterday announced that, pursuant to that certain Agreement and Plan of Merger, dated as of July 11, 2024 , by and among the Company, BCPE Pequod Buyer, Inc. (" Parent "), a Delaware corporation, and BCPE Pequod Merger Sub, Inc. (" Merger Sub "), a Delaware corporation and a wholly owned subsidiary of Parent (the "Merger Agreement"), Merger Sub merged with and into the Company (the " Merger "), with the Company continuing as the surviving corporation. At the effective time of the Merger, each share of common stock, par value $0.005 per share, of the Company (the " Common Shares ") (other than any Common Shares (i) owned by Parent (or any of its affiliates), Merger Sub or the Company or any direct or indirect wholly owned subsidiaries of Parent (or any of its affiliates), Merger Sub or the Company, (ii) that are Rollover Shares (as defined in the Merger Agreement), (iii) held in treasury of the Company, and (iv) as to which appraisal rights have been properly exercised in accordance with Delaware law) was automatically cancelled, extinguished and converted into the right to receive $63.15 in cash per one Common Share. As a result, a Share Exchange Event and a Make-Whole Fundamental Change occurred under each of the Indenture, dated as of August 20, 2020 , among the Company, the guarantor party thereto and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee (the " Trustee "), which governs the Company's 0.75% Convertible Notes due 2025 (the " 2025 Notes ") (such indenture, the " 2025 Indenture ") and the Indenture, dated of November 17, 2022 , among the Company, the guarantor party thereto and the Trustee, which governs the Company's 2.625% Convertible Notes due 2027 (the " 2027 Notes ", and together with the 2025 Notes, collectively and individually, the " Notes ") (such indenture, the " 2027 Indenture ", and together with the 2025 Indenture, collectively, the " Indentures ", and each, an " Indenture ", as applicable), triggering the adjustments to the conversion rights as described below. The effective date of the Share Exchange Event and Make-Whole Fundamental Change was November 25, 2024 (the " Effective Date "). Capitalized terms used and not defined herein have the meanings ascribed to them in the applicable Indenture. The Company announced that, pursuant to the terms of the respective Indenture, in connection with the consummation of the Merger which constitutes a Share Exchange Event under each Indenture, the Company and the Trustee entered into supplemental indentures to each Indenture providing that, following the effective date of the Merger, the right to convert each $1,000 principal amount of Notes into shares of common stock of the Company at the then applicable conversion rate shall be changed into a right to convert such principal amount of Notes solely into a number of units of Reference Property in an aggregate amount equal to the applicable conversion rate in effect on the conversion date (as may be increased by any Additional Shares), multiplied by $63.15 , the price paid per share of Common Stock in the Merger. Because the Merger constituted a Make-Whole Fundamental Change, the Notes are convertible, at the option of the Holder, at any time from the Effective Date until 5:00 p.m. , New York City time, on the business day immediately preceding the Fundamental Change Purchase Date to be determined by the Company and separately announced to the Holders in accordance with the terms of the Indentures as a result of the Merger (the " Conversion Period "). Also because the Merger constituted a Make-Whole Fundamental Change, the conversion rate for the 2027 Notes will be temporarily increased during the Conversion Period. Such conversion rate per $1,000 principal amount of the 2027 Notes increased by 3.2973 units of Reference Property from 13.6304 units of Reference Property to 16.9277 units of Reference Property. The Company's conversion obligation with respect to Notes that are converted prior to the end of the Conversion Period will be fixed at an amount in cash equal to $591.602 per $1,000 principal amount of the 2025 Notes validly surrendered for conversion, and $1,068.984 per $1,000 principal amount of the 2027 Notes validly surrendered for conversion. The right of the Holders to convert their Notes is separate from the right, at the Holder's option, to submit their Notes for purchase upon a Fundamental Change. If a Holder submits a Fundamental Change Purchase Notice, such Holder may not surrender such Notes for conversion unless the Holder validly withdraws such Fundamental Change Purchase Notice prior to the Fundamental Change Expiration Time. Holders should review the applicable Indenture carefully and should consult with their own financial and tax advisors. None of the Company, Merger Sub, Parent or any of their respective affiliates, or any of its or their respective boards of directors, employees, advisors or representatives or U.S. Bank Trust Company, National Association, in its capacity as trustee, paying agent or conversion agent with respect to the Notes, is making any representation or recommendation to any Holder as to whether or not to surrender or convert that Holder's Notes. The Trustee, Paying Agent and Conversion Agent is: U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION Corporate Actions 111 Fillmore Avenue St. Paul, MN 55107-1402 Telephone: (800) 934-6802 Email: cts.specfinance@usbank.com Any questions or requests for assistance in connection with the conversion of the Notes may be directed to U.S. Bank Trust Company, National Association, in accordance with the contact information listed above, or the Company. About Envestnet Envestnet is helping to lead the growth of wealth managers and transforming the way financial advice is delivered through its ecosystem of connected technology, advanced insights, and comprehensive solutions – backed by industry-leading service and support. Serving the wealth management industry for 25 years with more than $6.5 trillion in platform assets—more than 111,000 advisors, 17 of the 20 largest U.S. banks, 48 of the 50 largest wealth management and brokerage firms, more than 500 of the largest RIAs -- thousands of companies, depend on Envestnet technology and services to help drive business growth and productivity, and better outcomes for their clients. Data as of 9/30/24. View original content to download multimedia: https://www.prnewswire.com/news-releases/envestnet-inc-announces-make-whole-fundamental-change-and-supplemental-indentures-under-its-0-75-convertible-notes-due-2025-and-2-625-convertible-notes-due-2027--302317032.html SOURCE Envestnet, Inc.
China off track on emissions goals as energy demand offsets renewables push, researchers say
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