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Education provider $UTI said it has signed a deal to sell 700,000 shares of Series A 7.5% preferred stock to Coliseum Holdings I, an affiliate of Coliseum Capital Management, for $70MM. Each share of preferred stock is initially convertible into 30.03 shares of $UTI common stock, a conversion premium of 22.9%.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.