09:14 AM EDT, 10/23/2024 (MT Newswires) -- Frontier Communications Parent ( FYBR ) shareholder Glendon Capital Management said Wednesday it will vote against Frontier's proposed sale to Verizon (VZ) for $38.50 per share as the deal substantially undervalues the company. In a letter to Frontier's board, Glendon, which holds nearly 10% of the company's shares, said it estimates Frontier's enterprise...

09:15 AM EDT, 10/23/2024 (MT Newswires) -- McCormick ( MKC ) said Wednesday it expects to reach the low end of its long-term growth targets for net sales, operating income, and earnings per share by 2028, without the benefit of acquisitions. The company reiterated its growth targets over the five-year period ending in 2028 of 4% to 6% for net...

09:10 AM EDT, 10/23/2024 (MT Newswires) -- The Bank of Canada (BoC) will announce its regular interest rate decision at 9:45 a.m. ET on Wednesday and, after the developments of the past few weeks, there is much to suggest that it will accelerate the pace of rate cuts, said Commerzbank. Just a few weeks ago, BoC Governor Tiff Macklem hinted...

Oct 23 (Reuters) - Lumos Pharma Inc ( LUMO ): * LUMOS PHARMA ENTERS INTO DEFINITIVE MERGER AGREEMENT WITH DOUBLE POINT VENTURES TO GO PRIVATE VIA A TENDER OFFER OF $4.25 CASH PER SHARE PLUS CONTINGENT VALUE RIGHTS (CVR) * LUMOS PHARMA ENTERS INTO DEFINITIVE MERGER AGREEMENT WITH DOUBLE POINT VENTURES TO GO PRIVATE VIA A TENDER OFFER OF $4.25...