Jam

SINOVAC Biotech is urging shareholders to vote against proposals to replace the board, citing its efforts to restore shareholder value, including dividend payments and a strategic realignment. The company launched www.VoteSinovac.com and filed an investor presentation with the SEC, highlighting the board’s commitment to maximize shareholder investment, defend against litigation from a dissenting investor group, and potentially relist on the Hong Kong Stock Exchange.

Epson has launched the DS-1730 and DS-1760WN flatbed color duplex document scanners designed for healthcare, finance, and enterprise. These scanners offer high productivity with a 60-page ADF, advanced media handling, and speeds up to 30 ppm/60 ipm. The DS-1760WN adds wireless/wired connectivity and ScanWay™ PC-free scanning for seamless document sharing.

Broad Arrow Auctions, a Hagerty company, will debut at the Zoute Concours Auction on October 10, 2025, in Belgium. The auction will feature two exceptionally rare Ferraris: a 1967 275 GTB/4 in Verde Pino and a 1970 365 GTB/4 Daytona “Plexi” in Avorio. These cars, with their rarity and historical significance, are expected to draw significant interest. The auction will also showcase 70 other collector cars.

Volvo CE will acquire Swecon’s operations in Sweden, Germany, and the Baltics for 7 billion SEK, including Entrack. This strategic acquisition, expected to close in H2 2025, aims to strengthen Volvo CE’s retail presence in key European markets. The deal encompasses all Swecon operations, including sales, rentals, and service, with approximately 1,400 employees. This move will allow Volvo CE to control most of its European business, enhancing customer satisfaction.

Super Micro Computer announced a $2 billion offering of convertible senior notes due 2030, with a potential $300 million increase. The notes have an initial conversion price of approximately $55.20 per share, at a 35% premium to the stock’s closing price. Supermicro plans to use proceeds for share repurchases, capped call transactions, and general corporate purposes to expand its IT solutions. The company is also concurrently repurchasing shares and has entered into capped call transactions to mitigate dilution.

Chewy, Inc. announced a major shareholder’s sale of 23.9 million shares at $41.95 with a concurrent $100 million share repurchase by the company. This move, backed by a special committee, is separate from an existing $500 million repurchase program. The transactions, expected to close by June 25, 2025, signal confidence in Chewy’s strategy within the evolving online pet market, offering an opportunity for BC Partners to realize returns.

Apollo is investing $750 million in Mumbai International Airport (MIAL), a subsidiary of Adani Airports Holdings Limited. This investment, channeled through senior secured notes, will refinance existing debt and fund operational improvements, modernization, and sustainability projects. With the potential for an additional $250 million in financing, the deal supports India’s economic growth and showcases Apollo’s commitment to infrastructure development in a key market.

Oak Valley Community Bank is expanding into Lodi, California, with the appointment of Mariam Shah as Vice President and Branch Manager. Shah, bringing over a decade of experience, will oversee branch operations and cultivate local business relationships. This move highlights Oak Valley’s commitment to growth in Northern California, offering a range of financial products across nineteen branches.

The Hanover Insurance Group (THG) will release its Q2 financial results on July 30th after market close and host a webcast on July 31st at 10:00 a.m. ET via hanover.com. The company, a major U.S. property and casualty insurer, provides various coverage options for businesses and individuals.

Kennedy Capital Management’s small cap value fund (KVALX) achieved an initial 4-Star Morningstar Rating, placing it among the top performers in its category. The fund, managed by experienced professionals, employs a disciplined, research-driven approach focusing on value stocks. This rating validates the fund’s successful strategy applicable to both institutional and retail investors.