|Over a month ago|
ALJ Regional Holdings announces voluntary delisting from NASDAQ » 08:0408/2208/22/22
ALJ Regional Holdings…
ALJ Regional Holdings announced that it has submitted a formal notice to Nasdaq Stock Market of its decision to voluntarily delist its common stock from the NASDAQ Global Market and its intent to file a Form 25 with the SEC on or about September 1. As a result, ALJ expects that the last day of trading of its common stock on the NASDAQ Global Market will be on or about September 11. After the Form 25 is effective, ALJ also intends to pursue such other measures necessary to terminate or suspend the registration of its common stock under the Securities Exchange Act of 1934, as amended. ALJ anticipates that its common stock will be quoted on the Pink Sheets platform, which is operated by OTC Markets Group, and ALJ currently intends to continue to provide information to its stockholders and to take such actions within its control to enable its common stock to be quoted in the Pink Sheets so that a trading market may continue to exist for its common stock. The Company expects the deregistration of its common stock to become effective 90 days after the date of filing the Form 25 with the SEC. However, its reporting obligations to file certain reports with the SEC, including Forms 10-Q, 10-K and 8-K, will be immediately suspended upon filing the Form 25. Other filing requirements will terminate upon effectiveness of the deregistration.
|Over a quarter ago|
Lakeside Book Company completes acquisition of Phoenix Color from ALJ » 09:3504/1304/13/22
Lakeside Book Company…
Lakeside Book Company announced that it has completed its acquisition of Phoenix Color Corp. from ALJ Regional Holdings. Phoenix is a specialty printer of book components, children's books, and other print-related products with printing facilities in Indiana and Maryland. In addition to book manufacturing, Lakeside provides distribution, sales and marketing services, as well as intellectual property and brand protection technology to book publishers. With this acquisition, Lakeside customers will have access to the most extensive portfolio of products, services, and solutions available in the industry. Phoenix will operate as a division of Lakeside Book Company. Dave McCree, Lakeside's CEO, will lead the combined business. Marc Reisch, former Executive Chairman of Phoenix, will support the business through the integration and remain with ALJ. Phoenix President John Carbone is retiring from the company as Phoenix begins this new era as a division of Lakeside.
Lakeside Book to acquire ALJ Regional Holdings' Phoenix Color » 08:4602/0402/04/22
Lakeside Book and ALJ…
Lakeside Book and ALJ Regional Holdings announced that they have entered into a definitive agreement for Lakeside's acquisition of all of the issued and outstanding shares of common stock of ALJ's wholly-owned subsidiary Phoenix Color. Headquartered in Hagerstown, Maryland, Phoenix is a specialty printer of book components, children's books, and other print-related products with printing facilities in Indiana and Maryland. The transaction is expected to close during the Q2, subject to customary closing conditions and regulatory and stockholder approvals.
ALJ Regional Holdings to sell benefit exchange verticals of Faneuil to TTEC Holdings » 08:0212/2212/22/21
ALJ Regional Holdings…
ALJ Regional Holdings (ALJJ) announced that it has entered into a definitive agreement to sell the tolling and transportation and health benefit exchange verticals of its wholly owned subsidiary, Faneuil, to TTEC Holdings (TTEC). Consideration to be paid by TTEC is $140M, less an indemnification escrow amount of approximately $15M dollars. Faneuil is also eligible to receive additional earn-out payments in an aggregate amount of up to $25M. Other Faneuil verticals, including its utilities, non-health benefit exchange, commercial and other verticals, as well as Vistio, a wholly owned subsidiary of Faneuil, which incorporates software tools and methodologies to improve and optimize the contact center agent experience, will remain at Faneuil and Faneuil will continue to operate as a wholly owned subsidiary of ALJ. The transaction is expected to close during the first calendar quarter of 2022, subject to customary closing conditions and regulatory approvals, including clearance under the Hart-Scott-Rodino Act by the Federal Trade Commission.