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SAM221 VIP C-40B Clipper heading east for JBA
Yeti Holdings, Inc.sold by Cortec Group GP LLC:$ 359.17m-Feb 20
YETI Holdings, Inc. (YETI) is a designer, marketer and distributor of products for the outdoor and recreation market. The Company's product portfolio includes three categories: Coolers & Equipment, Drinkware and Other. The Company's Coolers & Equipment category consists of hard coolers, soft coolers, and associated accessories. Its Tundra hard coolers, designed to perform in hunting and fishing environments, are also used in boating, whitewater rafting, camping, barbecuing, tailgating, farming and ranching activities. The Company's Hopper coolers are designed to provide ice retention. The Rambler stainless steel Drinkware family includes the collection of YETI products that fit in cup holders and the palms of consumers' hands. The Other category of the Company offers an array of YETI branded gear, which includes YETI hats, shirts, bottle openers and ice substitutes. The Company's products are sold under the YETI brand.
https://www.marketscreener.com/YETI-HOLDINGS-INC-46749715/company/
Cortec Group Management Services, LLC operates as a private equity firm. The Company invests in specialty healthcare, consumer and business products, distribution, and services companies. Cortec Group serves customers in the United States.
https://www.bloomberg.com/profile/person/1447194
Company Profile for Cortec with Fund listings
https://predictiveops.com/advisers/161429
https://www.finviz.com/insidertrading.ashx?oc=1803535&tc=7&b=2
Sears snags new financial lifeline as losses continue-reports
U.S. department store operator Sears has reached a deal for a fresh financial lifeline totaling roughly US$100 million from hedge fund Brigade Capital Management LP, as it tries to stabilize after bankruptcy, people familiar with the matter said on Thursday. Sears' billionaire owner Eddie Lampert rescued the retailer from liquidation in a US$5.2 billion takeover during bankruptcy proceedings a year ago. The company's unabated need for new funding underscores Lampert's challenges in turning it around. Sears reached an agreement with Brigade for the US$100 million financing in recent weeks, according to the sources, who spoke on the condition they not be identified because the negotiations were confidential. Lampert has also bankrolled Sears in recent months, the sources added, without disclosing the total amount of funding he provided.
A spokesman for Sears, now called Transform Holdco LLC, declined to comment. Brigade did not respond to a request for comment.
Brigade has extended loans to other troubled retailers, including high-fashion chain Barneys New York Inc and childrens' clothing shop Gymboree.
https://www.channelnewsasia.com/news/business/exclusive–sears-snags-new-financial-lifeline-as-losses-continue—sources-12455884
Founded in 2006 by Patrick W. Kelly and Donald E. Morgan III, the firm is headquartered in New York City with offices in London, Tokyo and Sydney. In March 2017, Brigade Capital won Firm of the Year from Absolute Return Awards, an award given to the world’s best-performing hedge funds.
In 2017, the hedge fund was allegedly defrauded by Craig Carton of WFAN (AM) along with co-conspirators Michael Wright and Joseph Meli, who reportedly ran a Ponzi scheme falsely claiming access to millions of dollars of concert tickets at face value through non-existent agreements with concert promoters
nik'd
T-Mobile, Sprint amend merger terms; to close deal as early as April 1
T- Mobile US (TMUS.O) and Sprint Corp (S.N) said on Thursday that they had agreed on new merger terms and were looking to close the deal as early as April 1. Under the revised deal, T- Mobile’s parent Deutsche Telekom will hold about 43% of the combined entity, up from the 42% that the German group would have held. SoftBank will hold about 24% and the rest by public shareholders.
SoftBank has agreed to surrender about 48.8 million T-Mobile shares acquired in the merger to the ‘new company’ after the deal closes, changing the exchange ratio to 11 Sprint shares for each T-Mobile share, higher than the originally agreed 9.75 shares. Sprint shareholders other than SoftBank will continue to receive the original fixed exchange ratio. Shares of Sprint were up 5% to $9.95, while T-Mobile fell 1.5% to $98 in trading after the bell.
Last week, a federal judge approved the merger deal, rejecting a claim by a group of states that said the proposed transaction would violate antitrust laws and raise prices. New York on Sunday dropped its fight against the merger of the U.S. wireless carriers, saying the state would not appeal the judge’s approval of the deal.
Deutsche Telekom CEO Tim Hoettges said on Wednesday the new T-Mobile would have a market value of around $120 billion. That compares with $274 billion for AT&T (T.N) and $242 billion for Verizon (VZ.N).
https://www.reuters.com/article/us-sprint-corp-m-a-t-mobile/t-mobile-sprint-amend-merger-terms-to-close-deal-as-early-as-april-1-idUSKBN20E2SV
shut the fuck up. have no idea what you are talking about.