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Hot Stocks
Emerald Holding gets final proceeds relating to insurance litigation settlement » 07:08
09/14/22
09/14
07:08
09/14/22
07:08
EEX

Emerald Holding

$3.67 /

+0.01 (+0.27%)

Emerald Holding announced…

Emerald Holding announced that it has received proceeds totaling $149.25M related to its previously announced insurance litigation settlement for canceled events under the Company's 2020 and 2021 event cancellation insurance policies. Of the $149.25M, $148.54M is expected to be recognized as Other Income, net for the third quarter of 2022. In total, Emerald has submitted insurance claims under its 2020 and 2021 event cancellation insurance policies of approximately $348.4M, which represents the net amount of expected gross revenues less avoided costs for cancelled events scheduled to take place during 2020 and 2021. Including the $149.25M litigation settlement payment, Emerald has received total proceeds under the 2020 and 2021 event cancellation insurance policies of $372.9M. Herve Sedky, Emerald's CEO commented, "We are pleased to have received the final proceeds relating to the settlement of our insurance litigation. The incremental cash not only helps further improve our already strong liquidity position but also allows us to focus all of our attention on building our business moving forward."

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EEX Emerald Holding
$3.67 /

+0.01 (+0.27%)

Over a month ago
Hot Stocks
Emerald Holding's Elastic Suite announces partnership agreement with AGM » 12:31
08/17/22
08/17
12:31
08/17/22
12:31
EEX

Emerald Holding

$4.28 /

-0.12 (-2.73%)

Elastic Suite, a…

Elastic Suite, a subsidiary of Emerald Holding, announced a major partnership agreement with the Association of Golf Merchandisers. The agreement provides AGM member retailers with access to Elastic's experience in digital merchandising, large network of major global brand partners and the company's expertise for helping retailers benefit from a more strategic and streamlined wholesale purchasing process, the company said in a statement.

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EEX Emerald Holding
$4.28 /

-0.12 (-2.73%)

Hot Stocks
Emerald Holding acquires Bulletin, terms not disclosed » 11:34
07/13/22
07/13
11:34
07/13/22
11:34
EEX

Emerald Holding

$3.46 /

+0.03 (+0.87%)

Emerald Holding announced…

Emerald Holding announced the acquisition of Bulletin. All Bulletin employees will join Emerald as part of the acquisition, including co-founders Alana Branston and Ali Kriegsman. The co-founders will remain committed to and lead the future growth and success of both Bulletin and NY NOW, with Branston moving into an expanded role of Group Vice President, Gift & Home and Kriegsman moving into the role of Vice President, Strategy, Gift & Home. The company said, "The acquisition of Bulletin will elevate the experience for wholesale buyers to discover a broader array of innovative brands and makers via a fusion of in-person and e-commerce offerings, creating a 24/7 platform for brands and retailers to connect and transact with each other. Further, the merger will infuse the iconic NY NOW Gift and Home Show with Bulletin's entrepreneurial spirit, industry expertise and extensive customer base of brands and retailers. The union of these two platforms will provide small businesses access to a solution that allows them to fuel innovation and design and provide buyers with year-round inspiration and discovery.

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EEX Emerald Holding
$3.46 /

+0.03 (+0.87%)

Over a quarter ago
Hot Stocks
Emerald Holding acquires Advertising Week event platform from Stillwell » 13:02
06/28/22
06/28
13:02
06/28/22
13:02
EEX

Emerald Holding

$3.85 /

-0.135 (-3.39%)

Emerald Holding announced…

Emerald Holding announced that it has completed the acquisition of all of the assets comprising the business known as Advertising Week from Stillwell Partners. The acquisition of AW signifies another step forward in Emerald's 365-customer engagement strategy of delivering connected, best-in-class experiences through seamlessly integrating in-person events, content and commerce, Emerald said in a statement.

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