Press release content from PR Newswire. The AP news staff was not involved in its creation.
Marriott International Elects David Marriott and Horacio Rozanski to Board of Directors
March 15, 2021 GMT
BETHESDA, Md., March 15, 2021 /PRNewswire/ Marriott International’s (NASDAQ: MAR) Board of Directors announced today it has elected David Marriott, President, U.S. Full Service Managed by Marriott at Marriott International, and Horacio Rozanski, President and Chief Executive Officer at Booz Allen Hamilton, Inc., as directors of the company, effective March 15, 2021. Mr. Marriott and Mr. Rozanski will also be included in the company’s slate of nominees for election at Marriott’s upcoming 2021 Annual Meeting of Stockholders.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Max Stock Limited Reports Fourth Quarter and Fiscal 2020 Financial Results
March 15, 2021 GMT
CEASAREA, Israel (BUSINESS WIRE) Mar 15, 2021
Max Stock Limited (TASE: MAXO) (the “Company”) today reported financial results for the fourth quarter and year ended December 31, 2020.
Fourth Quarter Summary:
Comparable store sales increased 43%.
Operating income increased 85.0% to ILS 39.5 million and operating margin increased 240 basis points to 14.3%.
Net income increased 57.4% to ILS 23.5 million.
Adjusted EPS 1 increased 89% to ILS 0.164
Adjusted EBITDA 2 increased 108% to ILS 42.9 million.
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Excluding one-time bulk sales of COVID-19 product, sales increased 19.4%.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
MGM Resorts International Announces Completion Of 37.1 Million MGP Operating Partnership Unit Redemption
March 15, 2021 GMT
MGM Resorts International (PRNewsfoto/MGM Resorts International)
LAS VEGAS, March 15, 2021 /PRNewswire/ MGM Resorts International (NYSE: MGM) (“MGM Resorts”) today announced the completion of the redemption of approximately 37.1 million of its operating partnership units of MGM Growth Properties (“MGP”) Operating Partnership LP (the “Operating Partnership”) for aggregate cash proceeds of approximately $1.2 billion.
Following the redemption, MGM Resorts’ ownership in the Operating Partnership was reduced from 53.0% to 42.1%.
“Today’s announcement further demonstrates our commitment to the company’s asset-light strategy as we have significantly reduced our ownership stake in MGP to 42%, from 61% just one year ago,” said Jonathan Halkyard, Chief
Mar. 13—Before long, as pandemic restrictions eventually recede into memories, late-night visitors should expect to see a line of clubgoers extending from the door of one new Chestnut Street business,