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Endeavor Sets IPO at 21.3 Million Shares; Sees Pricing at $23-$24 Each


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Dow Jones
By Colin Kellaher
Endeavor Group Holdings Inc. on Tuesday said it plans to sell 21.3 million shares at between $23 and $24 apiece in its initial public offering.
The Beverly Hills, Calif., company, which plans to take full ownership of Ultimate Fighting Championship as it transforms from a talent agency to a media conglomerate, said it also plans to sell about 56.3 million shares in a concurrent private placement to an investment group.
At the $24 high end of the pricing range, Endeavor said it expects net proceeds of about $1.79 billion from the IPO and private placement, or roughly $1.86 billion if the underwriters exercise an option to buy an additional 3.2 million shares. ....

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Labor Department names new ERISA Advisory Council members


Labor Department names new ERISA Advisory Council members
The Department of Labor on Tuesday appointed five members to its ERISA Advisory Council.
It also announced that Glenn Butash will remain chairman of the 15-member council in 2021, a position he s held since July, and James Haubrock will serve as vice chairman.
Mr. Butash is managing counsel for U.S. compensation and benefits at Nokia Corp., where he provides legal advice in connection with the design and operation of large, complex defined benefit, defined contribution and welfare benefit plans. Mr. Haubrock is a shareholder with the accounting firm Clark Schaefer Hackett and is a certified public accountant with extensive experience in employee benefit plan audit services, according to a Labor Department news release. ....

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