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Century-old department store Nordstrom has agreed to be acquired and taken private by Nordstrom family members and a Mexican retail group in a $6.25 billion deal with the industry being squeezed by discount chains and other competition. Public companies are under a lot more scrutiny and if private, the Nordstrom may have more leeway in reviving a department store chain that has been attempting to reinvigorate sales for years. Nordstrom shareholders will receive $24.25 in cash for each share of Nordstrom common stock, or about $4 billion in all, representing a 42% premium on the company’s stock as of March 18, when reports of a potential transaction was reported by the media. The acquiring group will also pick up more than $2 billion in Nordstrom debt. | The traditional department stores have suffered in the face of withering competition from giants like Walmart and Target, as well as a host of fast-fashion bands and Amazon.com. Nordstrom rivals Macy’s and Kohl’s have been pressured by major investors to make huge changes in order to return more profit to shareholders. Sales at Nordstrom have essentially flatlined over the past decade or so and it announced last year that it was closing all of its Canadian stores and cutting 2,500 jobs as it winds down operations in the country. Nordstrom first announced plans to expand to Canada in 2012 and opened its first store in Calgary at CF Chinook Centre in September 2014. The offer announced Monday tops the previous $23-per-share bid that the Nordstrom family and Mexican retail group, El Puerto de Liverpool, made in September. The board also plans to authorize a special dividend of up to 25 cents per share, based on Nordstrom’s cash on hand immediately prior to and contingent on the close of the transaction. The deal is expected to close in the first half of 2025, at which time the company’s shares will no longer trade publicly. “While a change in ownership does not automatically remedy all of the problems with the department store operation, it will allow the family and their backers to take a long-term view of the business and make necessary investments and changes away from the short-term scrutiny of public markets,” wrote Neil Saunders, Managing Director of GlobalData, in a note to clients. Nordstrom’s board of directors unanimously approved the the proposed transaction, with members Erik and Pete Nordstrom, part of the Nordstrom family taking over the company—recusing themselves from that vote. Following the close of the transaction, the Nordstrom family will have a majority ownership stake in the company. Erik and Pete Nordstrom are the fourth-generation leadership at the Seattle retailer, which was founded in 1901 as a shoe store. Erik is the company’s chief executive and Peter is president. After opening 23 new stores so far this year, the company now operates a combined 381 Nordstrom and Nordstrom Rack stores in the U.S. Nordstrom shares fell about 1.5% Monday, but they are up 34% this year on rumors of a family takeover. The company’s stock is still down considerably from post-pandemic highs above $40 per share. In May of this year, Bruce Nordstrom, a retail executive who helped expand his family’s Pacific Northwest department store chain into an upscale national brand, died at age 90 . He was one of several Nordstrom family members who in 2017 made a push to take the company private, proposing to buy out the 70% of the department store’s stock they didn’t already own. Those talks failed in 2018 but earlier this year, his sons started another series of buyout negotiations , leading to Monday’s announcement. —Matt Ott, Associated Press business writerchef 777 jogo 。

SEOUL, South Korea , Nov. 21, 2024 /PRNewswire/ -- Hugel Inc., a leading global medical aesthetics company, said on Friday it will spur expansion in the botulinum toxin market of the Middle East and North Africa (MENA) via a strategic partnership with Dubai -headquartered aesthetic and medical distribution partner Medica Group. The two companies have recently entered into an agreement to bolster the distribution of Hugel's toxin Botulax in the key markets of the region. Hugel, which exports its own toxin to 64 markets including the US, Europe and China , the world's three largest toxin buyers, obtained sales approval for Botulax in the Middle East last year. Medica Group is a leading player in the region and has strong distribution networks through its head office in the United Arab Emirates (UAE) and branches in Saudi Arabia and Lebanon . The company distributes medical aesthetic products from about 30 global brands, proving their solid know-how in the field and strong execution capabilities in the MENA. The MENA is one of the fastest growing regions for medical aesthetics, driven by strong economic momentum, favorable demographic characteristics, increasing accessibility to social media as well as social and consumption transformation. Hugel's Executive Chairman, Suk Cha , commented on the partnership: "We are very pleased to enter into this strategic collaboration with Medica Group. The Middle East represents a key market for Hugel, with its rapidly growing demand for medical aesthetic treatments. We have chosen Medica Group as our distributor because they share our commitment to excellence and quality. Their proven expertise, extensive reach and deep understanding of the region make them the ideal partner to bring our Botulax product to this dynamic region. Botulax is recognized globally for its quality, and we are confident that, through this partnership, it will become a leading choice for medical professionals and patients in the Middle East and Africa ." Andre Daoud , CEO of Medica Group, highlighted the importance of this collaboration: "Our partnership with Hugel marks a key milestone for us as we continue to expand our portfolio and lead the aesthetics market with global solutions. The introduction of Botulax in the Middle East and Africa offers healthcare professionals access to a world-class botulinum toxin that is highly trusted for its quality, safety, and performance. This strategic partnership aligns with our mission to provide advanced, innovative products and services that meet the demands of the region's growing beauty and medical aesthetics market. Hugel's global expertise, combined with our deep local knowledge and network, will create tremendous value for our customers and their patients." About Hugel Established in 2001, Hugel is a leading global medical aesthetics company that manufactures injectables for skin rejuvenation such as botulinum toxin, hyaluronic acid fillers and skin boosters as well as absorbable sutures and cosmetics products. The company is the only South Korean supplier to the world's three largest botulinum toxin markets, the US, China and Europe . It exports medical aesthetic products and devices to around 70 countries and operates eight global subsidiaries in the US, Australia , Canada , Taiwan , China , Hong Kong and Singapore . About Medica Group A leading partner in the field of aesthetic medicine, Medica Group continues to push the boundaries of beauty and wellbeing in the region. Being at the forefront of the industry, the group is renowned for its innovative approach, state-of-the-art solutions with a solid commitment to delivering outstanding results and setting new standards in aesthetics. A trusted partner for international aesthetic brands, Medica showcases a commitment to excellence and quality through the technologies of its product and services, and the collaboration of the aesthetic medicine community. Contact: Jihyun Kim , Manager of the PR Team, Hugel jihyun.kim@hugel-inc.com View original content to download multimedia: https://www.prnewswire.com/news-releases/hugel-and-medica-join-forces-to-boost-botulinum-toxin-sales-in-middle-east-north-africa-302313729.html SOURCE Hugel

I read a lot of good graphic novels this year, the publication of a couple of which also happened to be major events in the comic world – how thrilling to see the return of celebrated American creator Charles Burns on such uncompromisingly fierce form, while the young Dutch illustrator Aimée de Jongh achieved something close to miraculous with her extraordinary adaptation of . But the book that meant most to me personally in 2024 was by Miriam Gold for its portrait of Sheffield, my home town, and of the Peak District nearby. I find it hard to imagine the person who wouldn’t be pleased to be given this little volume for Christmas; it’s a feast for the eyes and a boxing glove (in a good way) for the heart. (New River) Funny and plangent, Dorrance’s snowbound memoir about her elderly mother’s dementia really couldn’t be any better if it tried; its drawings and dialogue alike bring to mind the genius of Alison Bechdel or Posy Simmonds. So light on its feet, it practically skis to its conclusion – and yet it’s full of sagacity as well. (Faber) William Golding’s 1954 novel needs no introduction, but in De Jongh’s hands it’s forcefully remade for the age of climate change, her emphasis as much on its ecological message as the morality of our schoolboy savages. A page-turner of a book that my small, not-that-keen-on-reading nephew Freddie liked just as much as I did. (Jonathan Cape) Burns, best known for his 2005 masterpiece , returns with the story of a group of young people who make an alien movie together. Suffused with apprehension, this is a powerfully allegorical comic in which nothing’s ever straightforward, be it extraterrestrials or teen romance. (translated by Jenna Allen) (Fantagraphics) Petar returns from his two-year conscription in the Yugoslav army feeling like a ghost. But then he meets a dancer called Liza, and his world changes. The great Chris Ware ( ) has said he was “stunned” by this “exquisite” portrait of a generation, and it’s not hard to see why. Just beautiful. (Jonathan Cape) Gold’s first book, a scrapbook-style memoir of her Jewish grandmother, Dr Elena Zadik, is a triumph, crossing Europe and the generations with equal alacrity. Zadik was a refugee twice over, but Gold doesn’t labour the parallels with today, choosing instead to let this wonderful but irascible woman speak for herself on the page. I loved (Faber) by Luke Healy, who was a judge of this year’s , but I’m ashamed to say he’s a fairly recent discovery for me. So I’d like a couple of titles from his backlist in my stocking: , which combines the true story of two ill-fated Arctic exhibitions with a fictional tale of a university lecturer in crisis; and , in which Healy recounts his 147-day journey along the Pacific Crest Trail. Both are published by the excellent Nobrow. • To browse all of the and s best graphic novels of 2024 go to . Delivery charges may apply

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NINGDE, China , Dec. 24, 2024 /PRNewswire/ -- On December 24th, CATL officially launched the CATL Bedrock Chassis, the world's first ultra-safe skateboard chassis. With its outstanding performance of withstanding 120 km/h frontal impact without catching fire or exploding, CATL's Bedrock Chassis sets a new standard for intelligent chassis safety, providing comprehensive protection across all scenarios and speed ranges. Lead the industry with the most stringent safety tests With the battery-centered design, CATL's Bedrock Chassis utilizes Cell-to-Chassis integration technology, which directly integrates the battery cells into the chassis, allowing for a shared structural design between them. And based on the decoupling of the chassis from the upper body, the Bedrock Chassis is capable of absorbing 85% of the vehicle's collision energy (compared to around 60% absorbed by traditional chassis). Through various technological breakthroughs, the Bedrock Chassis successfully passed the world's first "highest speed + strongest impact" dual extreme safety test. This achievement enables the chassis to pass the 120 km/h frontal central pole impact test without catching fire, exploding or thermal runway, redefining the benchmark for safety in the industry. Currently, the speed for frontal impact safety test in the commonly used C-NCAP (China New Car Assessment Program) is 56km/h, which, when experiencing a frontal impact at this speed, generates collision energy equivalent to falling from 12-meter-high building. In comparison, a frontal impact at 120km/h is equivalent to falling from a 56-meter-high building, generating a collision energy 4.6 times that of collision at 56km/h. In more stringent frontal pole crash tests, which simulate crashes with non-standard objects such as power poles, large trees, or animals, the impact area is only 1/6 of that in a full-width frontal impact, exponentially increasing impact pressure. At a speed of 120km/h, the impact pressure on the chassis per unit area in a frontal central pole impact is 21 times that of the 56 km/h full-width frontal impact in C-NCAP testing. Due to the extremely high crash speed and intensity, there has been no previous instance of any new energy vehicle daring to challenge a 120km/h frontal pole impact test. With this extreme challenge, CATL's Bedrock Chassis has blazed a fresh trail for the industry. Open the era of ultra-safe transportation through three technological breakthroughs CATL's Bedrock Chassis has delved deep into the realm of structure and material innovation, leveraging three technological breakthroughs to provide unparalleled protection in all scenarios and speed ranges, ensuring rock-solid safety for the entire vehicle. The CATL Bedrock Chassis introduces a revolutionary three-dimensional biomimetic tortoise shell structure, where the body and energy unit framework are integrated, deeply coupled to provide the energy unit with indestructible protection. And its aircraft carrier-grade arresting structure disperses impact forces across multiple pathways during a crash, gradually decelerating the vehicle and significantly reducing the depth and speed at which obstacles intrude the cabin. The utilization of submarine-grade hot-formed steel with a strength of 2000MPa, aerospace-grade aluminum alloy with a strength of 600MPa, and multiple barrier structures further enhance the chassis' rigidity, making it virtually impervious. Moreover, the CATL Bedrock Chassis incorporates an ultra-safe battery cell design, NP technology, and a high-ductility energy-absorbing insulation film, leading the industry in a groundbreaking manner. In terms of high-voltage disconnection, it achieves instantaneous disconnection of high voltage circuit within 0.01 seconds of impact and completes the discharge of residual high-voltage energy in the vehicle within 0.2 seconds, setting a new industry record. Notably, the battery cells have undergone highly demanding tests, including high-speed sled impact tests at 60 km/h, 90-degree bending tests, and breakthrough sawing tests, the battery did not catch fire or explode across all three tests. These tests, all industry-firsts by CATL, have elevated the safety standards of battery cells to new heights. Unlocking the era of customization, and activating a trillion-yuan market The launch of the Bedrock Chassis not only redefines the standard for intelligent chassis safety but also activates a trillion-yuan market. It greatly accelerates the shift towards modular, personalized, and intelligent automotive design. Addressing the common pain points of high investment, long development cycles, and accelerated product iteration in the industry, the Bedrock Chassis incorporates three core characteristics: internal integration, decoupling of the chassis from the upper body, and external openness. With a rich array of toolkits and solution packages, it offers a scalable software and hardware architecture and standardized interfaces, enabling flexible configurations for different vehicle models and scenarios. This allows the realization of a "one chassis architecture, multiple vehicle models" concept and significantly improves development efficiency and shortens the R&D cycle. The time required for mass production of a vehicle is reduced from the traditional 36 months or longer to 12 to 18 months. Furthermore, the Bedrock Chassis breaks the limits of safety and modeling, and expands design flexibility through the design of decoupling of the chassis from the upper body. The fourth-generation Cell-to-Chassis (CTC) technology and inverted battery cell technology enhance the utilization of chassis space while reducing the risk of chassis scraping. Additionally, in terms of intelligence, the chassis supports mechanical decoupling, software decoupling and EE decoupling, enabling L3 to L4 intelligent driving capabilities. It provides high adaptability interfaces and promotes collaborative intelligent applications. At the launch ceremony, AVATR, the first automaker to use Bedrock Chassis, and CAIT-SH, CATL's skateboard chassis arm, signed an agreement to deepen cooperation on CATL's Bedrock Chassis to create a safer, higher-quality travel experience for users. Safety is a never-ending journey. In the future, CATL will continue to break technological barriers through continuous innovation, and work with partners to build a safe ecosystem for EV batteries and vehicles, safeguarding the safety of users. View original content to download multimedia: https://www.prnewswire.com/news-releases/catl-launches-the-bedrock-chassis-that-withstands-120-kmh-impact-without-catching-fire-or-exploding-302338927.html SOURCE Contemporary Amperex Technology Co., Limited (CATL) © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Mutual of America Capital Management LLC decreased its stake in Gentex Co. ( NASDAQ:GNTX – Free Report ) by 6.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 124,422 shares of the auto parts company’s stock after selling 7,942 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Gentex were worth $3,694,000 at the end of the most recent reporting period. Other large investors have also recently modified their holdings of the company. Phoenix Wealth Advisors boosted its stake in Gentex by 3.1% during the second quarter. Phoenix Wealth Advisors now owns 10,196 shares of the auto parts company’s stock worth $344,000 after buying an additional 306 shares during the period. Toronto Dominion Bank raised its stake in shares of Gentex by 0.9% in the first quarter. Toronto Dominion Bank now owns 42,346 shares of the auto parts company’s stock valued at $1,530,000 after acquiring an additional 370 shares during the period. United Services Automobile Association lifted its holdings in shares of Gentex by 2.5% in the 2nd quarter. United Services Automobile Association now owns 17,447 shares of the auto parts company’s stock worth $588,000 after acquiring an additional 427 shares during the last quarter. Harfst & Associates Inc. boosted its stake in shares of Gentex by 0.7% during the 2nd quarter. Harfst & Associates Inc. now owns 66,692 shares of the auto parts company’s stock worth $2,248,000 after purchasing an additional 450 shares during the period. Finally, Blue Trust Inc. grew its holdings in Gentex by 4.0% during the 2nd quarter. Blue Trust Inc. now owns 12,434 shares of the auto parts company’s stock valued at $449,000 after purchasing an additional 475 shares during the last quarter. Institutional investors own 86.76% of the company’s stock. Gentex Price Performance GNTX stock opened at $30.40 on Friday. Gentex Co. has a 1-year low of $28.30 and a 1-year high of $37.58. The business has a 50-day moving average price of $29.92 and a 200 day moving average price of $31.65. The company has a market capitalization of $6.91 billion, a P/E ratio of 16.26, a PEG ratio of 0.94 and a beta of 0.91. Gentex Announces Dividend Wall Street Analyst Weigh In GNTX has been the subject of several recent analyst reports. B. Riley dropped their target price on Gentex from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, July 29th. Robert W. Baird boosted their price objective on Gentex from $35.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, October 28th. UBS Group started coverage on Gentex in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $34.00 target price on the stock. The Goldman Sachs Group lowered their target price on shares of Gentex from $33.00 to $31.00 and set a “neutral” rating for the company in a research note on Tuesday, October 1st. Finally, Guggenheim reduced their price target on shares of Gentex from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Gentex has an average rating of “Hold” and a consensus target price of $35.13. Read Our Latest Report on GNTX Gentex Company Profile ( Free Report ) Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, Republic of Korea, and internationally. It operates through Automotive Products and Other segments. The company offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, automotive suppliers, and various aftermarket and accessory customers. Read More Want to see what other hedge funds are holding GNTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gentex Co. ( NASDAQ:GNTX – Free Report ). Receive News & Ratings for Gentex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentex and related companies with MarketBeat.com's FREE daily email newsletter .