09:37 AM EDT, 11/01/2024 (MT Newswires) -- Northrim BanCorp ( NRIM ) said Friday that it has completed its all-cash acquisition of Sallyport Commercial Finance, paying $53.9 million for the privately held factoring, asset based lending and alternative capital firm. Northrim said it expects the deal to increase its 2025 operating earnings by 15% over its prior projections. Price: 65.27,...

09:40 AM EDT, 11/01/2024 (MT Newswires) -- FMC (FMC) has closed the sale of its Global Specialty Solutions business to Environmental Science US, or Envu, the companies said Friday. FMC said in July that Envu had agreed to buy the business for $350 million. The sale aligns with FMC's strategy to concentrate on agricultural crop protection by divesting its non-crop...

09:39 AM EDT, 11/01/2024 (MT Newswires) -- AGCO ( AGCO ) has completed the sale of its grain and protein division to private equity firm American Industrial Partners, the latter said Friday. Financial terms were not disclosed. American Industrial Partners also said that with close of the deal the new privately held business will operate under the name Grain &...

09:31 AM EDT, 11/01/2024 (MT Newswires) -- VCI Global ( VCIG ) said Friday it will implement a 1-for-49 reverse stock split, effective Nov. 5. The reverse stock split is intended to raise the market price of the company's shares and regain compliance with Nasdaq's minimum bid price requirement for continued listing. The company said the reverse stock split is...