Thursday, March 11, 2021
As part of a long-term trend of credit union consolidation and expansion, an increasing number of banks and savings associations have been acquired by credit unions over the past 10 years. Most of the banks and thrifts acquired by credit unions have been small, with total assets of around $300 million or less, and the great majority of such transactions in the past five years have involved bank targets with assets of between $100 million and $300 million. The number of such transactions peaked at 16 in 2019 before falling (with all other financial institution merger activity) in 2020; however, many analysts and the financial press expect that larger credit unions will continue to be expansionary and that the pace of credit union-bank deals may well accelerate in 2021 and 2022.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Forest Road Acquisition Corp. II Announces Pricing of Upsized $305 Million Initial Public Offering
March 10, 2021 GMT
NEW YORK (BUSINESS WIRE) Mar 9, 2021
Forest Road Acquisition Corp. II (the “Company”), a newly incorporated blank check company, today announced the pricing of its upsized initial public offering of 30,500,000 units at a price of $10.00 per unit. The units are expected to be listed on the New York Stock Exchange (the “NYSE”) and traded under the ticker symbol “FRXB.U” beginning March 10, 2021. Each unit consists of one share of Class A common stock and one-fifth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin trading separately, the Company expects that the shares of Class A
Dropbox (
DBX) - Get Report shares rose after the file-management major said it would purchase secure-document-sharing provider Docsend for $165 million cash.
At last check Dropbox shares were trading almost 4% higher at $24.70.
Both San Francisco-based companies, Dropbox and Docsend also have complementary functions. Dropbox has a cloud-storage focus and Docsend serves as a method of securely sharing documents between users.
Docsend will join the family of Dropbox productivity brands, which also includes HelloSign, a service that enables users to draft and confirm documents with electronic signatures.
“We’ll be able to offer a full suite of secure, self-serve products to help [users] manage critical document workflows from start to finish,” Dropbox Co-Founder and Chief Executive Drew Houston said in a statement.
Conagra in Talks to Sell Hebrew National Hot-Dog Brand
Conagra is discussing the sale of the Hebrew National brand to JBS of Brazil for about $700 million, a media report says.
Author:
Food giant Conagra Brands (
CAG) - Get Report is discussing the sale of its Hebrew National hot dog brand to JBS (
JBSAY) of Brazil for about $700 million, a media report says.
A transaction also could include the Egg Beaters and Odom’s Tennessee Pride brands, people familiar with the matter told The Wall Street Journal.
To be sure, it’s no done deal that Conagra will sell any of the three units to JBS, the biggest beef processor in the U.S., or at all.