The fuel for this rumor appears to be a Thursday morning post on a relatively obscure entertainment website called Xfire. Conclusion Do not sell my personal infoPrivacy PolicyAssumption of Risk and Waiver of LiabilityContact Us, The ONLY Conference Dedicated to Convenience Category Managers. IIF didn't just talk but also walked the walk as it agreed to a $255 million termination fee. Lucid Group Inc.'s stock on Thursday was on track to mark its biggest drop in more than a year, after quarterly results that did little to allay ongoing concerns about the electric-vehicle maker. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. The distinct regulatory path can take a long time and suddenly "out of nowhere" block a deal. Labor SMART, Inc. Completes Acquisition of Takeover Industries, Inc. CEO to Retire Half Billion Shares . You can sign up for additional alert options at any time. Cave Creek , AZ 85331. For more information,. Financial Market Data powered by QuoteMedia. ATLANTA, March 01, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. ( LTNC) (the "Company"), a leader in providing on-demand blue collar staffing primarily in the southeastern United States and. 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This was an easy decision as the proceeds will support more areas of our functional beverage brand development. Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. If the market anticipates a better offer in the future, the share price will rise above the price extended to you. At South Jersey Industries Inc. , we promise to treat your data with respect and will not share your information with any third party. We need to drive revenue in a big way. Manny Pacquiao said, NXT LVL Hydrogen Spring Water is my secret weapon for fast recovery & natural increased energy during training.. Musk's new AI project could have the same effect as his Twitter takeover. I saw in a court filing last week a lender has now sent a demand letter and put the company in default. Flotek Industries, Inc. operates as a technology-driven chemistry and data company that serves customers across industrial, commercial, and consumer markets in the United States, the United Arab Emirates, and internationally. PROOF OF SERVICE Executed by Plaintiff Takeover Industries, Inc., upon Defendant Michael Holley served on 1/15/2022, answer due 2/7/2022. At the end of its most recently reported quarter, it had the equivalent of nearly $12 billion in cash and short-term investments and, surely, the ability to secure much more through various types of financing. While the idea of a Sony takeover of Take-Two is certainly enticing for shareholders and intriguing for everyone else, at this point, it's only the thinnest of rumors. We've built a foundation that management believes will deliver rapid growth and high value for our shareholders. LTNC has a large block of MVCO stock on its balance sheet that is benefiting from the growth of Takeover. LOS ANGELES -- Northrop Grumman Corporation (NYSE: NOC) and Litton Industries Inc. (NYSE: LIT) jointly announced today that they have signed a definitive agreement under which Northrop Grumman will acquire for cash all of the outstanding shares of Litton for $80 per common share and $35 per Series B Preferred share. The hot gossip is that none other than Japanese tech and entertainment giant Sony (SONY 2.88%) is the interested party. I could earn a commission if you click through and make a purchase or subscribe.I am not a financial advisor. I have been doing research in ways to solve global issues since 1994. We will launch two new product lines. In 2018 I founded Starshot Capital B.V. A Dutch AIF manager. The detail page will show you the real-time trend, you can click into the MSN Money website for more details The company provides temporary blue-collar staffing services. I wrote this article myself, and it expresses my own opinions. Manny Pacquiao & The Manny Pacquiao Foundation Sign Endorsement Deal with LTNC Takeover Industries April 18, 2021 9:15 ET| Source: Labor Smart, Inc Rumor of a potential buyout from a big-pocketed strategic investor was inflating the share price of video game company Take-Two Interactive Software (TTWO 1.23%) on Thursday. South Jersey Industries, Inc. (NYSE:SJI) is a small utility with a market cap of ~$3 billion, primarily serving New Jersey customers. Im very confident of our ability to bring new products to market with a long term, research driven, manufacturing partner like Faith Springs. Simply Wall St. May-02-19 02:41PM. Current LTNC shareholders maintain their equity ownership on a 1:1 basis, regardless of whatever scorched earth tactic may need to be taken to get us home. The company offers comprehensive assembly solutions to its many customers worldwide, including wire bonding equipment, packaging materials, and test interconnect products. I have no business relationship with any company whose stock is mentioned in this article. If you experience any issues with this process, please contact us for further assistance. By providing your email address below, you are providing consent to South Jersey Industries Inc. to send you the requested Investor Email Alert updates. Tootsie Roll Industries (NYSE:TR) Shareholders Have Enjoyed A 57% Share Price Gain. The valuation for SJI doesn't look particularly rich even when it's trading with most of its merger premium included. We also use them to share usage information with our partners. Utility M&A is notoriously a treacherous field. Follow me on Twitter here. Gravitas II Capital Corp. ("Gravitas II") (TSXV: GII.P) and Parvis Invest Inc. ("Parvis") are pleased to announce that, in connection with their previously announced proposed business combination . An energy drink brand intermixed with NFT's. The company recently reported the process is on track and expected to close Q4 2022. ATLANTA, May 12, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. ( LTNC) (the "Company"), announced that its recently acquired subsidiary, Takeover Industries Inc., has entered into a Joint. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Labor Smart, Inc https://twitter.com/StanTradingMan/status/1366183816126214149 . About Labor SMART, Inc. You must click the activation link in order to complete your subscription. I think we can get something done here too. Since 2020 I host a podcast/videocast where I discuss (special-situation/event-driven) market events and investment ideas with top analysts, portfolio managers, hedge fund managers, experts, and other investment professionals. Labor Smart, Inc is vulnerable to a hostile takeover that benefits no one, and I'm not talking about from Toby, Mike, et. Mike.T@Takeoverind.com, Discover new solutions and ideas from our supplier partners. Delayed OTC Markets Please go to the link in the email message to retrieve your password. Joe Pavlik, LTNC CEO & Takeover Industries President and Chief Science Officer, said, After review, our executive team has determined that the Trademark does not fit into the long-term plan. Consummation of this transaction will result in a change of control of Labor Smart, Inc. Joe Pavlik would be appointed as the new President and Chief Executive Officer of Labor Smart, Inc. Phone. Over the last three decades, the Takeover team has played a significant role in the growth and expansion of performance sports drinks and beverages throughout the entire beverage industry. Joe Pavlik, LTNC CEO & Takeover Industries President and Chief Science Officer, said, "After review, our executive team has determined that the Trademark does not fit into the long-term plan. They can take longer than expected and get derailed after you've been holding for quite a while. My broker isn't exactly generous in providing margin to hold this stock. Shareholders of Labor Smart will want to know what's included in this LOI. In the announcement, Ryan Schadel, outgoing President and CEO of Labor Smart, Inc. announced he was canceling and retiring 500 million shares of Labor Smart, Inc. common stock that was removed from the tradeable float. Sell Takeover to Metavesco for 1 million MVCO shares. This is a quote from the merger agreement (emphasis added): IIFs indication of interest noted that IIF is a long-term owner which does not require a realization event after a pre-defined hold period and that IIF has historically provided ongoing financing to support long-term capital requirements, which characteristics make it a desirable owner of public utilities by applicable regulators. It operates in two segments, Chemistry Technologies (CT) and Data Analytics (DA). Heinz Co and Kraft Foods Group Inc merged their business to become Kraft Heinz Company, a leading global food . Takeover Industries is an early stage, pre-revenue beverage venture and will become a wholly owned subsidiary of Labor Smart, Inc. Consummation of this transaction will result in a change of control of Labor Smart, Inc. Metavesco assumes that debt. The Motley Fool has positions in and recommends Activision Blizzard, Microsoft, and Take-Two Interactive Software. Takeover Industries shall issue 6.8 billion RESTRICTED shares of common stock to the shareholders of Labor Smart. A group of private equity firms, including Blackstone Group, Carlyle Group and Hellman & Friedman, agreed to buy a majority stake in medical supply manufacturer and distributor Medline. Twitter FURUs continuously say that this stock will be worth $1-$5 long-term. As previously stated, we expect to have our first product available for purchase before Easter.. An email was sent with password retrieval instructions. More importantly, it is a utility. InBev offered to buy Anheuser-Busch for $65 . Rythian added that three of his "trusted and almost always correct sources" confirmed this. More information about the potential factors that could affect the business and financial results is and will be included in Labor SMART, Inc.'s filings with OTC Markets.com. I believe this opportunity is being hamstrung by internal issues. You owe a sizeable amount of money to at least 2 people/entities for development of Takeover. Takeover Industries has just passed its 100-day mark. On February 27, 2021, Labor Smart, Inc. (the "Company") entered into a Stock Purchase Agreement (the "Agreement") with Takeover Industries, Inc. (the "Seller"). Contacts:Labor SMART, Inc.it@takeoverind.com. In this section you will find information about our current and historical share price, analyst coverage, SEC filings, an electronic version of our annual report as well as forms to request additional information. It was founded in 1946 as the Central Farmers Fertilizer Company. The water..is it dead? Takeover Industries, Inc. v. Stanley Barsch et al RSS Track this Docket Docket Report This docket was last retrieved on June 24, 2021. The One With The Umlaut, Harpoon Launches Limited Edition Sticky Bun Stout with Flour Bakery + Caf, Tennessee Brew Works & Turner Hus Brewery Collaborate, Migration to Release Salty Mule Gose for 8th Annual SheBrew Festival. Danny Day, head of research and development for Faith Springs LLC, ranked one of the worlds Bravest Thinkers by Atlantic Magazine, is excited about the partnership. ATLANTA, April 28, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the "Company"), announced that its recently acquired subsidiary, Takeover Industries Inc., has officially signed an . Disclosure: I/we have a beneficial long position in the shares of SJI either through stock ownership, options, or other derivatives. #NXTLVLNation #NXTLVL 25 119 See. LTNC peaked at $0.08 at the end of March but since then has crashed over 80%, leaving disgruntled shareholders sitting on huge losses. NXT LVL Hydrogen Spring Water, sourced from natural springs, is infused with hydrogen and other all-natural supplements to aid in helping athletes prepare and recover from grueling training. Mergers Mergers Merger refers to a strategic process whereby two or more companies mutually form a new single legal venture. The deal, announced live on Twitter via @CRyanSchadel on Sunday February 28, 2021, calls for the issuance of 6.8 billion common shares, RESTRICTED for 12 months, for the acquisition. However, a few things are mitigating my concerns about this deal. I believe the end result will be LTNC is traded faster, with a great balance sheet, and a minority interest in a cutting-edge company, Metavesco. First off, this buyout happened at a fairly opportunistic time. The investor pages that follow are your resource for financial information about South Jersey Industries. If I take in all the above, I'm inclined to believe the market may somewhat overestimate the risk of a deal break. ATLANTA, GA - GlobeNewsire -March 1, 2021 / Labor SMART, Inc. (LTNC) (the "Company"), a leader in providing on-demand blue collar staffing primarily in the southeastern United States and transitioning into a diversified holding company, has completed the acquisition of Takeover . 10h Dismissal: Another win for both the shareholders & TO team as we now can get back focused on building a profitable beverage business. Jason Tucker must stay on as President and will have absolute discretion to build his team for Takeover post deal. Copyright 2023 ACCESSWIRE. That's clear from the longer time graph, when looking at the recovery in the utility exchange-traded fund ("ETF") since the deal date, but also because of valuations for a peer group. Takeover Industries Overview Update this profile Founded 2021 Status Public Stock Symbol LTNC Investments 1 General Information Description Labor Smart Inc is a United States based company engaged in providing on-demand temporary labor solutions to small and medium-sized businesses. Gentlemen of the Board of Directors of Labor Smart, Inc., Please see the attached Non-Binding LOI for the acquisition of Takeover Industries, Inc. from Labor Smart, Inc., by Metavesco, Inc. Please. You've already built some distribution and supply chain capabilities. Takeover Industries, Inc agreed to acquire Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction for approximately $240 million on February 28, 2021. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Psyence Group: pioneering the use of natural psychedelics for mental health and wellbeing, The best gold opportunities in Quebec lie in the James Bay region thanks to this Canadian-based exploration company, The tech company making the most gains on the TSX. For Takeover Industries, stock forecast for 2027 (5 year), 12 predictions are offered for each month of 2027 with average Takeover Industries, stock forecast of $0.0, a high forecast of $0.0, and a low forecast of $0.0. If you have an ad-blocker enabled you may be blocked from proceeding. The company has a merger agreement with IFF - Infrastructure Investments Fund to be taken private at $36 per share. This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This video is going to be about Labor Smart, Inc (LTNC) \"They provide temporary blue-collar staffing services primarily in the United States. The Company's mission is to be the provider of choice to its growing portfolio of customers with a service-focused approach that enables Labor SMART to be seen as a resource and partner to its clients. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Special-Situation And Event-Driven Ideas To Improve Risk Adjusted Returns, 15 years of investing and I feel like a rookie in his first year at the academy. 1. The consensus among analysts is that the intrinsic value of Vision Tech's stock is $27 per share. Labor SMART, Inc. Small cap utility trades at a 5.5% spread to the $36 acquisition price. Tootsie Roll Industries, Inc., together with its subsidiaries, engages in manufacture and sale of . More information about the potential factors that could affect the business and financial results is and will be included in Labor SMART, Inc.'s filings with OTC Markets.com. The board discussed the challenges associated with utility acquisitions several times during negotiations. It is what it is. CUMMING, GA / ACCESSWIRE / November 14, 2022 / Metavesco, Inc. (OTC PINK:MVCO) (the "Company"), a leading publicly-traded Web3 enterprise, today disclosed it sent the below open letter to the Board of Directors of Labor Smart, Inc. and a Non-Binding Letter of Intent to acquire Takeover Industries, a wholly owned subsidiary of Labor Smart, Inc.The letter of intent contained a non-binding offer . But you pick up dividends as you wait here worth $0.3193 per quarter per share. STE 118 52 Cave Creek , AZ 85331United States. In the winter of 1978, Houdaille common stock was selling for. Learn More. Kulicke & Soffa Industries, Inc. (K&S) is the world's largest manufacturer and supplier of semiconductor assembly equipment. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements.

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