tyb
Albany International Corp. Announces the Closing of a Secondary Offering-$104.5m
Sold to you
Albany International Corp. (AIN) (the “Company”) today announced the closing of the previously announced secondary offering of shares of its Class A common stock, par value $0.001 per share (the “Class A Common Stock”). Standish Family Holdings, LLC and J.S. Standish Company (collectively, the “Selling Stockholders”) sold 1,405,217 shares of Class A Common Stock at a price to the public of $68.00 per share.
In connection with the offering, Standish Family Holdings, LLC granted the underwriters a 30-day option to purchase up to 210,783 additional shares of Class A Common Stock. On May 31, 2019, the underwriters exercised the option in full. As a result, the total number of shares of Class A Common Stock sold was increased to 1,616,000. The Selling Stockholders received all of the net proceeds from this offering. No shares were sold by the Company.
"'But they were sold from a holding company that is a current member of the BOD at AIN.
pepe can figure this shit out
J.P. Morgan and BofA Merrill Lynch have acted as joint book-running managers and representatives of the underwriters for the offering. Baird, Cowen, SunTrust Robinson Humphrey and Sidoti & Company, LLC have acted as co-managers for the offering.
Albany International Corp. is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is the world’s leading producer of fabrics and process felts used in the manufacture of all grades of paper products. Albany Engineered Composites is a rapidly growing designer and manufacturer of advanced materials-based engineered components for jet engine and airframe applications, supporting both commercial and military platforms. Albany International is headquartered in Rochester, New Hampshire, operates 22 plants in 10 countries, employs 4,400 people worldwide, and is listed on the New York Stock Exchange (AIN).
https://finance.yahoo.com/news/albany-international-corp-announces-closing-201800853.html
Sold from the J.S. Standish Co.
Mr. John C. Standish is a Vice Chairman at Albany International Corp. and a President & Director at J.S. Standish Co.
He is on the Board of Directors at Albany International Corp., Habitat For Humanity of The Eastern Bighorns and J.S. Standish Co. Mr. Standish was previously employed as a Production Manager by Albany International BV and a Design Engineer by Albany International Canada Corp.
He also served on the board at United Way of The Greater Capital Region.
https://www.marketscreener.com/business-leaders/John-Standish-05GFVC-E/biography/
Dun & Bradsheet Credit profile (snapshot)
https://creditreports.dnb.com/webapp/wcs/stores/servlet/IballValidationCmd?storeId=11654&catalogId=70010&productId=0&searchType=BSF&state=NY&busName=J%20S%20STANDISH%20COMPANY&city=&country=US#goTop
PDV Wireless 10% owner sells $6.72m in shares-may 31-june 3
Not as big as the last sale from here but habbening-Cap#2.
pdvWireless, Inc is focused on utilizing its spectrum assets to develop and offer private network and mobile communication solutions to infrastructure and enterprise customers. The Company holds spectrum in the 900 MHz band in the United States,Hawaii, Alaska and Puerto Rico. The Company operates private push-to-talk (PTT) networks in markets throughout the United States. It combines its PTT services with its software-as-a-service (SaaS) technology that improves team communication and field documentation across an array of industries, including transportation, distribution, construction, hospitality, waste management and field service. Its TeamConnect allows enterprise customers to increase the productivity of their field-based workers and the efficiency of their dispatch and call center operations. pdvConnect is the Company’s cloud-based mobile resource management solution which is a SaaS offering for dispatch-centric business customers who utilize Tier 1 cellular networks.
Number of employees : 98 people.
https://www.marketscreener.com/PDVWIRELESS-INC-24872694/company/
https://www.secform4.com/insider-trading/1304492.htm
and look where most of them are…central area
overdue
China Issues Guidelines For Ranking 1.3 Billion Social Credit Scores
China's top economic adviser has issued guidelines over how to introduce incentives that can boost a person's social credit score, according to ECNS.
Issued by the National Development and Reform Commission, the new guidelines include 15 preferential policies to evaluate if a person should be considered a 'role model' in terms of creditworthiness.
Outstanding individuals in the system can freely acquire personal credit reports a number of times in a year, and freely search information in the national credit information online platform, according to the regulation.
They will also enjoy fast-tracked services when applying for administrative approval, qualification reviews, credit cards or personal loans, patents or copyright registration, and quick refunds from financial institutions or platform companies. -ECNS
The guidelines also state that role models will have priority access to public elderly care services as well as preferential treatment when applying for civil service positions.
Cities are encouraged to reward outstanding individuals with benefits in education, housing, employment, medicare and and administrative approvals.
"Keeping trust is glorious and breaking trust is disgraceful," is the guiding ideology of Beijing's attempt to crack down on rampant corruption, financial scams, corporate scandals and petty crimes.
In the eastern city of Hangzhou, “pro-social” activity includes donating blood and volunteer work, while violating traffic laws lowers an individual’s credit score. In Zhoushan, an island near Shanghai, no-nos include smoking or driving while using a mobile phone, vandalism, walking a dog without a leash and playing loud music in public. Too much time playing video games and circulating fake news can also count against individuals. According to U.S. magazine Foreign Policy, residents of the northeastern city of Rongcheng adapted the system to include penalties for online defamation and spreading religion illegally. -Washington Post
"Untrustworthy conduct" by both business and individuals includes failure to repay loans, illegal fund collection, false and misleading advertising, swindling customers, and - for individuals, acts such as taking reserved seats on trains or causing trouble in hospitals.
According to a February report by SCMP, around 17.46 million people who are "discredited" were prevented from buying plane tickets, while 5.47 million were disallowed from purchasing tickets to China's high-speed train system.
Legal experts have expressed concern that the accelerated use of the creditworthiness system trample on what little privacy rights they have in China.
"Many people cannot pay their debt because they are too poor but will be subject to this kind of surveillance and this kind of public shaming," said one attorney quoted by SCMP, who added "It violates the rights of human beings."
https://www.zerohedge.com/news/2019-06-04/china-issues-guidelines-ranking-13-billion-social-credit-scores?
not sure who took it, anon…yes one of my favorites too
Asian Mkt report-Follow on from US mkt and US Futures up too
Some financial and business headlines from around the world right now.
U.S. denies GM tariff relief request for China-made Buick SUV
https://www.reuters.com/article/us-usa-trade-china-gm/u-s-denies-gm-tariff-relief-request-for-china-made-buick-suv-idUSKCN1T530U
ESR plans to raise up to $1.24 bln in Hong Kong's biggest IPO this year -term sheet
https://www.reuters.com/article/esr-ipo/update-1-esr-plans-to-raise-up-to-1-24-bln-in-hong-kongs-biggest-ipo-this-year-term-sheet-idUSL4N23C0Q4
Samsung Electronics says to cut production volume at China mobile phone plant
https://www.reuters.com/article/us-china-samsung-elec/samsung-electronics-says-to-cut-production-volume-at-china-mobile-phone-plant-idUSKCN1T607X?il=0
Asian markets advanced in early trading Wednesday following strong gains on Wall Street.
The Dow Jones Industrial Average DJIA, +2.06% , S&P 500 SPX, +2.14% and Nasdaq Composite COMP, +2.65% all rose more than 2% on Tuesday, spurred by comments by Federal Reserve Chairman Jerome Powell that left the door open to an interest-rate cut.
like anons did not know that was going to habben-KYS Mr Powell.
While there was no major news on the U.S.-China trade front, Reuters reported U.S. Treasury Secretary Steve Mnuchin will meet with Yi Gang, governor of the People’s Bank of China, on the sidelines of the G-20 summit in Japan this weekend. It will be the first face-to-face meeting between high-level members of the two countries’ trade-negotiation teams since talks stalled in early May.
Japan’s Nikkei NIK, +1.92% jumped about 2%, while Hong Kong’s Hang Seng Index HSI, +0.56% gained 0.8%. The Shanghai Composite SHCOMP, +0.48% rose 0.2% while the smaller-cap Shenzhen Composite 399106, +0.32% was about flat. South Korea’s Kospi 180721, +0.32% advanced 0.3%, and Taiwan’s Taiex Y9999, +0.57% gained 0.6%. Australia’s S&P/ASX 200 XJO, +0.60% rose about 0.6%.
Among individual stocks, robotics maker Fanuc 6954, +3.29% surged in Tokyo trading, along with SoftBank 9984, +3.05% and Nintendo 7974, +2.44% . In Hong Kong, Sunny Optical 2382, +3.14% , CNOOC 883, +1.13% and AIA 1299, +2.29% posted strong gains. Samsung 005930, +1.27% and SK Hynix 000660, +1.23% advanced in South Korea and Taiwan Semiconductor 2330, +1.07% rose in Taipei trading. Beach Energy BPT, +2.41% and Westpac WBC, +1.58% gained in Australia.
https://www.marketwatch.com/story/nikkei-leads-asian-market-gains-following-wall-streets-rally-2019-06-04?
https://www.cnbc.com/asia-markets/
https://www.bloomberg.com/markets/stocks/futures
ty anon. I also do not do any soc media, weird for someone who does the mkt stuff but that's how it is.
appreciate you looking