$UCBI revealed sale of aggregate of 3MM voting common shares by its largest shareholder, Corsair Capital, to Morgan Stanley as sole underwriter in registered public offering. Corsair will receive all of net proceeds from this offering. In total, Corsair will hold 7.3MM shares, or about 10.2%, of $UCBI's outstanding common shares.
$LMNX BoD has authorized the initiation of a quarterly cash dividend of $0.06 to holders of its common stock, the first in the company's history. This initial cash dividend will be payable on April 14, 2017 to shareholders of record as on March 24, 2017.
M&T Bank, the principal banking subsidiary of $MTB, said President and COO Mark Czarnecki died on Feb. 26, 2017 after an extended illness. He was a member of the BoDs of $MTB and M&T Bank, and sat on $MTB's Management Committee.
$KEYS and Samsung Electronics entered into a technology collaboration to enable design and deployment of 5G devices to support early operator trials. The initial focus of the partnership is on 5GTF specifications. Future collaboration will include work being done in 3GPP NR.
$HYH said that regarding the CORPAK accretion in 2017, the company it is modeling $0.20. The company added that it would be $0.08 incremental from 2016. In 2016, the company had forecasted $0.05 of earnings and ended up earnings $0.12.