State Tipoffs Involving Massachusetts Newsletter for Wednesday January 15, 2025 ( 11 items ) |
Goodwin Advises Maine Community Bank on Merger With Gorham Savings Bank, Forming the Largest Mutual Savings Bank Operating Exclusively in Maine With $3 Billion in Assets
BOSTON, Massachusetts, Jan. 15 -- Goodwin, a law firm, issued the following news release:
The Financial Services team advised Maine Community Bank on the completion of its merger of equals with Gorham Savings Bank, forming the largest mutual savings bank operating exclusively in Maine. This significant milestone creates a new major player in community banking in Maine, with nearly $3 billion in assets and 21 branches throughout Androscoggin, Cumberland, and York counties. The combined instituti
more
Goodwin Advises Reading Cooperative Bank on Partnership With Wakefield Co-operative Bank, Combining to $1.2 Billion in Assets
BOSTON, Massachusetts, Jan. 15 -- Goodwin, a law firm, issued the following news release:
The Financial Services team advised Reading Cooperative Bank on their plans to enter into a partnership with Wakefield Co-operative Bank, aiming at creating a stronger, more resilient financial institution dedicated to serving its customers and communities. The combined institution will have approximately $1.2 billion in assets, 14 full-service locations across 11 distinct communities, and will retain the
more
Goodwin Advises Veganz on Bond Restructuring
BOSTON, Massachusetts, Jan. 15 -- Goodwin, a law firm, issued the following news release:
Goodwin has advised Veganz Group AG in connection with the restructuring of its listed EUR 10m bearer bond.
The repayment date was extended by 5 years and in addition to the regular interest rate, the creditors receive a top-up interest depending on the market capitalization of Veganz.
The restructuring was implemented in line with the German Bond Act (Schuldverschreibungsgesetz). Under such act, a bond
more
Governor Healey Announces Proposal to Eliminate Renter-Paid Broker Fees
BOSTON, Massachusetts, Jan. 13 -- Gov. Maura Healey, D-Massachusetts, issued the following news release:
Governor Maura Healey today announced that her Fiscal Year 2026 budget proposal will include an outside section to eliminate renter-paid broker fees. Currently, most renters in the state are required by default to cover the cost of a broker fee when they rent an apartment, which can be equivalent to a full month of rent. Governor Healey's proposal will require the fee to be paid by whoever h
more
Governor Healey Releases Plan for Historic, $8 Billion Transportation Investment to Improve Roads, Bridges, Regional Transit and Immediately Stabilize MBTA Finances
BOSTON, Massachusetts, Jan. 14 -- Gov. Maura Healey, D-Massachusetts, issued the following news release:
WORCESTER -- Today, Governor Maura Healey announced a plan to make historic investments in the state's roads, bridges and regional transportation system and immediately stabilize the finances of the MBTA, putting it on a path of long-term stability. The investments - representing $8 billion over the next 10 years - would be done without raising taxes and represent the largest state transport
more
Kohlberg Sells Stake in GPRS to Roark Capital
BOSTON, Massachusetts, Jan. 15 -- Ropes and Gray, a law firm, issued the following news:
Ropes & Gray advised Kohlberg & Company in the sale of the majority of its stake in GPRS Holdings to Roark Capital. The transaction was announced in a Jan. 13 press release.
Kohlberg is a leading U.S. middle market private equity firm based in Mount Kisco, New York. The firm invests in companies characterized by strong brands, recurring revenue streams and leading market positions. As of Sept. 30, Kohlberg
more
Mass. A.G. Campbell Files Lawsuit Against Major Insulin Manufacturers And Pharmacy Benefit Managers For Unfair And Deceptive Insulin Pricing
BOSTON, Massachusetts, Jan. 15 -- Massachusetts Attorney General Andrea Joy Campbell issued the following news release on Jan. 14, 2025:
* * *
Complaint Alleges Insulin Manufacturers Unfairly Raised Price of Insulin, Paid Portion of Profits Back to Pharmacy Benefit Managers for Offering Their Drugs
* * *
Massachusetts Attorney General Andrea Joy Campbell has filed a lawsuit in Suffolk Superior Court against major insulin manufacturers Eli Lilly, Sanofi, Novo Nordisk and pharmacy benefit mana
more
Option Transactions in Today's Market: Unlocking Maximum Value While Minimizing Risk
BOSTON, Massachusetts, Jan. 15 -- Ropes and Gray, a law firm, issued the following news on Jan. 14, 2025:
Life sciences licensing partner Amanda Austin moderated Ropes & Gray's annual "From the Boardroom" panel - held in San Francisco during the 2025 J.P. Morgan Healthcare Conference - which this year looked at how companies can use deals structured as an option to obtain an exclusive license or acquisition rights to pursue valuable collaborations and pipeline opportunities while achieving bala
more
Rubicon Founders Makes $165 Million Investment in Caidya
BOSTON, Massachusetts, Jan. 15 -- Ropes and Gray, a law firm, issued the following news:
Ropes & Gray represented Rubicon Founders in its $165 million strategic growth investment in Caidya, a leading global mid-sized clinical research organization. The announcement was made in a January 13 press release.
Rubicon Founders is an entrepreneurial healthcare investment firm focused on building and growing transformational companies that create enduring value by transforming the way people receive c
more
USDC Circulation Soars 78% Year-Over-Year: Circle Unveils 2025 State of the USDC Economy Report
BOSTON, Massachusetts, Jan. 15 (TNSres) -- Circle Internet Financial, a financial technology firm, issued the following news release :
NEW YORK CITY, January 14, 2025 -- Circle Internet Group, Inc., is proud to unveil the third annual State of the USDC Economy report: 'USDC as a Platform for Global Prosperity.' The 2025 report highlights the rapid adoption and expanding use cases of USDC, and reflects the growing regulatory clarity for stablecoins, where Circle's leadership is setting a benchma
more
Wabtec to Acquire Evident's Inspection Technologies Division
BOSTON, Massachusetts, Jan. 15 -- Ropes and Gray, a law firm, issued the following news:
Ropes & Gray represented Evident in an agreement to sell its Inspection Technologies division to Wabtec Corporation for $1.78 billion. The transaction was announced in a Jan. 14 press release.
Headquartered near Boston, MA, Evident's Inspection Technologies division delivers solutions that solve complex challenges, inspecting mission-critical assets and infrastructure with nondestructive testing, remote vi
more
|
Sign up to Receive this newsletter every day via email.