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Huntsman secures definitive agreement with Venator Materials PLC
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Huntsman Corporation (NYSE:HUN) was up 18.32% over the last one month, making it one of the most bullish stocks during the month.
Huntsman recently signed a definitive agreement with through which it will offer roughly 42.5 million shares to Venator Materials PLC in exchange for $100 million. The decision was advised by a private investment firm called SK Capital Partners. The definitive agreement will also feature a 30-month option to buy the remaining 9.5 million shares which will be priced at $2.15 per share. The deal is expected to close towards the end of 2020 and it will be subject to regulatory approval.
Zuora Inc expands its partnership with GoCardless for wider reach and faster payment processing
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Zuora Inc. (NASDAQ:ZUO) has so far rallied by 18.38% over the last one month as per the latest trading session, indicating strong bullish performance despite challenging conditions.
Zuora recently announced the expansion of its global partnership wth GoCardless, as well as its new product integration. The expanded partnership aims to benefit companies in more than 30 countries including Canada, New Zealand, Australia, the U.S and others. The goal of the expanded collaboration is to provide faster processing of recurring payments and also to help reduce some of the costs related to customer churn and payments.
The rising popularity of digital services explains why the demand for digital services has been increasing. This is evident in the increased number of payments using bank debit cards to pay for subscription services.
Designer Brands refreshes its credit facility, lets go of store associates
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Designer Brands Inc (NYSE:DBI) surged by 35.38% over the last one month indicating a strong bullish performance.
Designer Brands recently revealed that it has implemented important steps in boosting its financial flexibility. The steps include using a new revolving credit facility that is asset-based to replace its previous revolving credit facility of $400 million. This comes after the company finalized the privately placed senior secured term loan. Designer Brands also released an update on its employee base restructuring measures and store operations update.
More than 1,000 associate positions were affected by the internal reorganization that was to take place as of July 30. However, Designer Brands provided an opportunity to 550 store associates to continue being part of the company although while holding down different roles or they could receive a severance payment.
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COMTEX_370623178/2700/2020-09-03T06:35:58
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