Friday, 29 Mar 2024

First Interstate BancSystem, Great Western Bancorp To Merge In All Stock Deal

The T List: Five Things We Recommend This Week

Emotionally charged quilts, a punk Art Deco hotel — and more.

5 New Biographies to Read This Season

The first major study of Oscar Wilde in decades, the conclusion of a “magisterial” series on Pablo Picasso, and more.

By Joumana Khatib

16 New and Upcoming Young Adult Books to Watch For

There are novels about Black boys finding joy, nervy thrillers, fantasies filled with magic, angsty romances and much, much more.

By MJ Franklin

A new defence alliance, fast fashion and the future of AI technology

A new defence alliance could be a big financial blow for France – as Britain, the US and Australia work more closely and share nuclear submarine secrets.

Ian King also speaks to the chief executive of fast fashion brand, ASOS, to find out what it’s doing to be more sustainable.

And find out what the future of Artificial Intelligence technology means for us over the next few years.

PHOTOS: Zip lines, bridges and more at Royal Gorge in Cañon City

Photos from Royal Gorge Bridge and Park in Canon City on Sept. 15, 2021.

Lin-Manuel Miranda Welcomes Back ‘Hamilton’ Audience With Indoor And Outdoor Speeches – Video

Mark Lin-Manuel Miranda as grateful for Broadway’s return. The creator of smash-hit musical Hamilton went all-out to welcome the returning audience, singing outside the theater and then making a heartfelt speech to the crowd before the show.

The audience was back for the first time in 18 months to the Richard Rodgers Theatre, and the moment wasn’t lost on Miranda.

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Business Schools Training Future Execs Have a Diversity Problem

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The ranks of C-suite trainees enrolled in today’s MBA programs are a microcosm of the challenges playing out across America’s corporate landscape. By and large they are still too male and lack the diversity to reflect the demographics of future business culture.

The historic national reckoning on race that was triggered by the killing of George Floyd has touched off a reexamination of corporate America from top to bottom. We created the Bloomberg Businessweek Best B-Schools Diversity Index to assess and rank B-Schools—which are developing the next generation of business leaders—based on the degree to which they are addressing the institutional racism and discrimination that have excluded certain minority groups and women from U.S. MBA programs.

Great Western Bancorp Shares Up On Buyout Deal With First Interstate

Shares of Great Western Bancorp Inc. (GWB) are soaring over 11% after the company announced a definitive agreement with First Interstate BancSystem Inc. (FIBK) under which the companies will combine in an all-stock transaction. The implied total transaction value based on closing prices on September 15, 2021 is about $2.0 billion.

GWB is currently trading at $32.01, up $3.41 or 11.92% with trading volume surging over 757K versus an average volume of 265K shares. The stock has been trading in the range of $11.80 – $35.18 for the past one year. 32.01+3.41 (+11.92%)

Donald Trump Blasted Paul Ryan For Condemning White Supremacy, New Book Claims

Donald Trump flipped out at then-House Speaker Paul Ryan (R-Wisc.) for condemning white supremacists after the deadly 2017 “Unite the Right” rally in Charlottesville, Virginia, a new book claims.

Ryan responded to Trump’s infamous “both sides” rhetoric about the violence at the gathering with a tweet calling white supremacy “repulsive.”

Trump was apoplectic with Ryan over his comment, according to excerpts from The Washington Post’s Bob Woodward and Robert Costa’s upcoming tell-all “Peril” that Insider published Wednesday.

Trump phoned Ryan and screamed about him not being “in the foxhole with me,” according to the book. Ryan reportedly told Trump he had “a moral leadership obligation to get this right and not declare there is a moral equivalency here.”

“These people love me. These are my people,” Trump raged at Ryan in response. “I can’t backstab the people who support me.”

Ryan noted the presence of white supremacists and neo-Nazis in Charlottesville. Trump admitted there were “some bad people.”

“I get that. I’m not for that. I’m against all that,” he reportedly said. “But there’s some of those people who are for me. Some of them are good people.”

Ryan researched narcissistic personality disorders “for weeks” following Trump’s 2016 election win in a bid to figure out how to work with the incoming president, wrote Woodward and Costa.

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First Interstate BancSystem, Great Western Bancorp To Merge In All Stock Deal

First Interstate BancSystem, Inc. (FIBK), parent company of First Interstate Bank, and Great Western Bancorp, Inc. (GWB), parent company of Great Western Bank, announced Thursday that they have entered into a definitive agreement under which the companies will combine in an all stock transaction.

Under the deal terms, GWB shareholders will receive .8425 shares of FIBK Class A common stock for each GWB share they own. The implied total transaction value based on closing prices on September 15 is approximately $2.0 billion.

Following completion of the transaction, GWB shareholders will collectively own 43% of the combined company. GWB will merge into FIBK and the combined holding company and bank will operate under the First Interstate name and brand.

The deal has been unanimously approved by both companies’ Boards of Directors.

The transaction is expected to close during the first calendar quarter of 2022, subject to regulatory and shareholder approvals.

Upon the deal closure, five directors from GWB will join the FIBK Board of Directors. The conversion of GWB branches to FIBK branches is expected to take place during the second calendar quarter of 2022.

With assets totaling over $32 billion, the pro forma company establishes FIBK as the premier banking franchise in the West.

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