Latest news with #Condition
Business Wire
14-07-2025
- Business
- Business Wire
Babcock & Wilcox Announces Extension of Expiration Date to Its Cash Tender Offer For Two Series of Notes
AKRON, Ohio--(BUSINESS WIRE)--Babcock & Wilcox Enterprises, Inc. ('B&W' or the 'Company') (NYSE: BW) announced today an amendment to its previously announced offers to purchase for cash (the 'Cash Offers') up to a maximum $70 million aggregate amount of Tender Consideration of the Company's 8.125% Senior Notes due 2026 (the 'February 2026 Notes') and 6.50% Senior Notes due 2026 (the 'December 2026 Notes' and, together with the February 2026 Notes, the 'Notes'). The Cash Offers are being made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated June 5, 2025, as amended (the 'Offer to Purchase'). The amendment provides for an extension of each of the Withdrawal Deadline and the Expiration Date of the Cash Offers to 5:00 p.m., New York City time, on August 15, 2025. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase. The following table sets forth the principal amount of Notes validly tendered and not validly withdrawn as of 5:00 p.m., New York City time, on July 11, 2025. Our obligation to complete the Cash Offers is conditioned on the consummation, prior to or concurrently with the Expiration Date, of (i) the sale, to certain legal entities affiliated with Andritz AG, of the equity interests of Diamond Power International, LLC ('Diamond Power') and related legal entities, together with assets related to the Diamond Power business and (ii) the receipt of net proceeds from such sale in an amount sufficient to fund the Cash Offers, assuming the maximum Tender Consideration of $70 million (the 'Diamond Power Closing Condition'). As of 5:00 p.m., New York City time, on July 11, 2025, the Diamond Power Closing Condition was not satisfied. Subject to applicable law, the Company reserves the right to (i) extend any or all of the Cash Offers; (ii) waive any and all conditions to or amend any or all of the Cash Offers in any respect; or (iii) terminate any or all of the Cash Offers. Holders of Notes are advised to check with any bank, securities broker or other intermediary through which they hold Notes as to when such intermediary would need to receive instructions from a beneficial owner in order for that beneficial owner to be able to participate in, or withdraw their instruction to participate in, a Cash Offer, before the deadlines specified herein. The deadlines set by any such intermediary and The Depository Trust Company for the submission of tender instructions will be earlier than the relevant deadlines specified herein. In connection with the Cash Offers, the Company has retained B. Riley Securities, Inc. as the Dealer Manager. Questions regarding the Cash Offers should be directed to B. Riley Securities, Inc. by email at corporateactions@ or by calling toll-free at (833) 528-1067. Requests for copies of the Offer to Purchase and related documents should be directed to D.F. King & Co., Inc., the Tender Agent and Information Agent for the tender offer, at (800) 769-4414 (toll-free) or 212-269-5550 (collect). This press release is not an offer to sell or a solicitation of an offer to buy any of the securities described herein. The Cash Offers described herein are being made solely by the Offer to Purchase and only to such persons and in such jurisdictions as is permitted under applicable law. About Babcock & Wilcox Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at Forward-Looking Statements B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the Cash Offers, satisfaction of the Diamond Power Closing Condition and the anticipated settlement of the Cash Offers. These forward-looking statements are based on management's current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
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Business Standard
24-06-2025
- Business
- Business Standard
Indians on H-1B visas denied US entry: Why visas get cancelled, what next
Three Indian nationals holding valid H-1B visas were recently denied entry to the United States at the Abu Dhabi International Airport and had their visas cancelled on the spot by US authorities. The incident took place at the US Customs and Border Protection (CBP) preclearance facility, where immigration checks are completed before travellers board US-bound flights. According to one of the affected workers, all three had spent over two months in India—exceeding what immigration officers considered an acceptable absence. 'We had a particularly tough situation in US immigration in Abu Dhabi. Authorities revoked H-1B visa and denied port entry for three candidates, including me, for staying in India for more than two months,' said one of the workers in a social media post. Despite presenting letters from their US employers and emergency documentation justifying the delays, CBP officials refused them entry, citing regulation 41.122(h)(3), and asked them to return to India. Why the H-1B visa was cancelled The H-1B visa allows US companies to temporarily employ foreign professionals in fields such as IT, engineering, medicine, and business. The visa is tied to a sponsoring employer who must file a petition with US Citizenship and Immigration Services (USCIS), supported by a Labour Condition Application. While the visa itself may remain valid, US immigration officers are allowed to assess whether the individual still holds the job for which the visa was issued—particularly after a long absence. 'An H-1B visa holder is allowed to enter the United States up to 10 days before the employment start date mentioned in the approved Form I-797 petition. There is no formal deadline for using the visa once it has been issued, as long as the visa stamp and petition are valid. However, staying outside the US for many months can trigger questions at the port of entry,' Ajay Khatalawala, managing partner at Little & Co told Business Standard. 'Prolonged periods without entry can raise concerns about job continuity, especially if the sponsoring employer has not provided recent pay stubs or updated letters,' he added. Advocate Palak Gupta, associate at Jotwani Associates, said such delays often become a red flag during inspections. 'Any delay as made by an individual who is seeking employment in US under H-1B visa becomes questionable. The said delay has to be reasonably justified as it creates doubt among customs authorities with respect to: > Validity of visa > Whether the individual has actually secured employment > And if so, whether the said employment is sustaining.' How preclearance facilities work Abu Dhabi International Airport is one of several overseas airports where the US conducts full immigration checks before boarding. Others include Toronto and Vancouver. 'At these facilities, CBP officers have the same authority as those at US airports and may carry out more detailed questioning, especially when the traveller is entering on a work visa like the H-1B after a prolonged absence,' said Khatalawala. He noted that travellers should carry documentation that confirms their job offer is still valid and no material changes have occurred in employment terms. What H-1B holders should do if denied entry 'Common causes include concerns about the continued validity of the job offer, lack of recent employment documentation, or changes to the terms of the approved petition,' said Khatalawala. He advised affected workers to: Contact their sponsoring employer Obtain an updated employment verification letter Carry recent pay slips or a client letter (if working at a third-party site) If the visa is revoked, individuals may refile their H-1B petition under section 101(a)(15)(H)(i)(b) of the INA Act, using Form I-129. 'However, refiling is permitted only if it is for the same job for which the delay occurred. Otherwise, the petition must be filed under the relevant provision of section 214 of 8 CFR,' said Gupta. 'The most effective course of action is to resolve the underlying issues completely before attempting to return to the US,' added Khatalawala. Changing tone in US immigration checks Mohammad Reja, advocate at Guwahati High Court, believes H-1B holders must be more cautious in the current environment. 'In the last few days, we have all noticed that after the Trump government came into power, they have come up with a new approach towards the future of immigrants and non-immigrants working in the US. Every perk comes with a cost, and here the cost is that they may be denied further stay,' said Reja. 'We respect our law and sovereignty, and as such, being a reasonable mind, we should be brave enough to accept the law and sovereignty of the US too,' he added.
The Sun
18-06-2025
- Automotive
- The Sun
Phased repairs for hazardous roads to prioritise critical sections
KUALA LUMPUR: The process of repairing hazardous roads across the country will be carried out in stages, with priority given to sections with critical damage, said Works Minister Datuk Seri Alexander Nanta Linggi. He said the Ministry of Works (KKR) has identified nearly RM4 billion worth of repairs needed to address all hazardous roads. However, due to financial constraints, the improvements will be implemented in phases. 'We already have complete data on the dangerous roads and the financial requirements. If we were to repair them all at once, we would need RM4 billion. Since we don't have that allocation, we have to do it in stages,' he told reporters after attending the Gawai Open House @ KKR 2025, held here today. He was responding to questions regarding efforts by the ministry to identify and repair damaged roads following the tragic accident along the Gerik–Jeli stretch of the East–West Highway (JRTB) on June 9, which claimed the lives of 15 Universiti Pendidikan Sultan Idris (UPSI) students. Nanta said improvements to the JRTB have already been planned this year, involving an allocation of RM55 million. The upgrades include the installation of 385 streetlights and road line markings to improve visibility and safety. He added that the ministry had already identified roads in the worst condition through its existing database, with repair works to be carried out based on urgency. 'We know which roads are severely damaged, and we will prioritise those. Roads that are damaged but not critically will be attended to later,' he said. To support the decision-making process, the ministry is also using the Pavement Condition Assessment (PCA) method to determine areas that need immediate attention. For the JRTB Gerik–Jeli route, the PCA was conducted from March 13 to May 13, using advanced technologies such as the Multi Laser Profiler (MLP) and Falling Weight Deflectometer (FWD) Commenting on suggestions to install guardrails at high-risk locations, Nanta said the ministry is open to public feedback, including views shared online. 'We take into account all views — from the public, netizens, and relevant stakeholders. We will evaluate every suggestion carefully,' he said. The Gawai Open House @ KKR 2025 held at Dewan Tan Sri Mahfoz Khalid, was attended by Prime Minister Datuk Seri Anwar Ibrahim, Deputy Prime Minister Datuk Seri Fadillah Yusof, Deputy Works Minister Datuk Seri Ahmad Maslan, Women, Family and Community Development Minister Datuk Seri Nancy Shukri, as well as senior ministry officials and staff.
Barnama
18-06-2025
- Automotive
- Barnama
Phased Repairs For Hazardous Roads To Prioritise Critical Sections
KUALA LUMPUR, June 18 (Bernama) -- The process of repairing hazardous roads across the country will be carried out in stages, with priority given to sections with critical damage, said Works Minister Datuk Seri Alexander Nanta Linggi. He said the Ministry of Works (KKR) has identified nearly RM4 billion worth of repairs needed to address all hazardous roads. However, due to financial constraints, the improvements will be implemented in phases. 'We already have complete data on the dangerous roads and the financial requirements. If we were to repair them all at once, we would need RM4 billion. Since we don't have that allocation, we have to do it in stages,' he told reporters after attending the Gawai Open House @ KKR 2025, held here today. He was responding to questions regarding efforts by the ministry to identify and repair damaged roads following the tragic accident along the Gerik–Jeli stretch of the East–West Highway (JRTB) on June 9, which claimed the lives of 15 Universiti Pendidikan Sultan Idris (UPSI) students. Nanta said improvements to the JRTB have already been planned this year, involving an allocation of RM55 million. The upgrades include the installation of 385 streetlights and road line markings to improve visibility and safety. He added that the ministry had already identified roads in the worst condition through its existing database, with repair works to be carried out based on urgency. 'We know which roads are severely damaged, and we will prioritise those. Roads that are damaged but not critically will be attended to later,' he said. To support the decision-making process, the ministry is also using the Pavement Condition Assessment (PCA) method to determine areas that need immediate attention. For the JRTB Gerik–Jeli route, the PCA was conducted from March 13 to May 13, using advanced technologies such as the Multi Laser Profiler (MLP) and Falling Weight Deflectometer (FWD) Commenting on suggestions to install guardrails at high-risk locations, Nanta said the ministry is open to public feedback, including views shared online.
Business Wire
09-06-2025
- Business
- Business Wire
ForeSee Medical and Vim Announce Strategic Partnership to Enhance Risk Adjustment and Streamline Provider Workflows
SAN DIEGO--(BUSINESS WIRE)--ForeSee Medical Inc., a leading AI-powered risk adjustment software company, and Vim, a cutting-edge provider enablement platform for healthcare, have announced a strategic partnership aimed at transforming the delivery of patient insights and improving provider workflows at the point of care. 'We are excited to partner with Vim to bring our industry-leading, AI-powered risk adjustment capabilities directly into provider workflows,' said Dr. Sol Lizerbram, Executive Chairman at ForeSee Medical. Through this collaboration, ForeSee Medical's advanced risk adjustment technology, which assists providers in accurately identifying Hierarchical Condition Categories (HCC) coding while improving the quality of care, will seamlessly integrate into Vim's scalable and flexible platform. By leveraging Vim's unique and interactive integration layer, providers will gain access to enhanced data and patient insights directly within their Electronic Health Record (EHR) workflows—without disrupting existing clinical operations. 'We are excited to partner with Vim to bring our industry-leading, AI-powered risk adjustment capabilities directly into provider workflows,' said Dr. Sol Lizerbram, Executive Chairman at ForeSee Medical. 'This partnership ensures that providers can access accurate risk adjustment data in real time, ultimately leading to improved patient care and clinical outcomes. Our proprietary Natural Language Processing (NLP) along with unique features such as InstaVu®' greatly reduces the speed to achieve accurate HCC coding with the ability to instantly view disease source documentation.' Vim's provider enablement platform is designed to bridge gaps in interoperability and efficiency, enabling health organizations to enhance operational effectiveness. With ForeSee Medical's technology integrated into Vim's workflow solutions, healthcare providers will experience a streamlined approach to risk adjustment coding, reducing administrative burden and improving decision-making at the point of care. 'Our partnership with ForeSee Medical brings together two powerful capabilities—real-time data delivery and AI-driven risk insights—into one seamless experience for providers. At Vim, we're focused on turning fragmented healthcare data into actionable intelligence directly within clinical workflows,' said Tim Barry, Head of Partnerships at Vim. 'This collaboration is another step in our mission to power smarter, faster decisions at the point of care—without adding complexity.' This partnership represents a significant step forward in healthcare technology, ensuring that providers can leverage AI-driven insights effortlessly within their daily operations, leading to greater accuracy, efficiency, and overall quality of care.
