Latest news with #GaryIRothstein
UPI
4 days ago
- Business
- UPI
Couche-Tard withdraws proposal to acquire 7-eleven parent
Canadian retailer Couche-Tard Inc has announced its withdrawal from its buyout proposal to acquire Seven and I Holdings Co for $47 billion on by Gary I Rothstein/UPI... | License Photo July 17 (UPI) -- Canadian retailer Couche-Tard Inc. announced Thursday it has withdrawn its buyout proposal to acquire Seven and I Holdings Co. for $47 billion on Thursday. The two companies had initially signed a nondisclosure agreement that Seven & I would engage "constructively" with Couche-Tard to determine whether the proposal would be agreed on, in April. "Since entering into the NDA, there has been no sincere or constructive engagement from Seven & i that would facilitate the advancement of any proposal, contrary to comments made publicly by Seven & i representatives, including in the July 11, 2025 earnings call in which Seven & i noted it is "seriously" considering our proposal," Couche-Tard said in a letter to the Board of Directors of Seven and & I Holdings Co. "Based on this persistent lack of good faith engagement, we are withdrawing our proposal," Couche-Tard said. Seven & I rejected the statement that it has not engaged in constructive talks, according to a press release. "Our company will continue to implement measures on its own to create value," the company said. In 2024, Seven & I rejected a buyout bid from Couche-Tard for $14.86 per share, in August. Couche-Tard raised the offer in October to 18.19 per share. During a major restructuring at Seven & I Holdings in May, Stephen Dacus became the new President and CEO.
UPI
5 days ago
- Entertainment
- UPI
Listen: Jonas Brothers release 'I Can't Lose,' song for Stand Up to Cancer
1 of 5 | The Jonas Brothers performs on stage during the Official Formula 1 Miami Grand Prix in 2023. They released a new song Wednesday. File Photo by Gary I Rothstein/UPI | License Photo July 16 (UPI) -- The Jonas Brothers are back with new music. The trio released the song "I Can't Lose" and an accompanying music video Wednesday. The track supports Stand Up to Cancer in partnership with Mastercard. "I Can't Lose" is described as "a song about love, strength and showing up for the people you love," and will appear on the band's upcoming album Greetings From Your Hometown, which is due Aug. 8. "'I Can't Lose' is a song we hope can carry different meanings for everyone who hears it and, for those who need it, a reminder of their own strength," the Jonas Brothers said in a statement. The music video shows the band performing for a group of fans on a rooftop. Greetings From Your Hometown will also include the previously released songs "Love Me to Heaven," "No Time to Talk" and "Slow Motion." The group consists of Joe Jonas, 35, Kevin Jonas, 37, and Nick Jonas, 32. Nick Jonas turns 30: a look back Nick Jonas performs with the Jonas Brothers in concert at the Mizner Park Amphitheater in Boca Raton, Fla., on April 13, 2007. The band released their first album titled "It's About Time" in 2006. Photo by Martin Fried/UPI | License Photo
UPI
15-06-2025
- Entertainment
- UPI
Look: Jonas Brothers switch venues for six upcoming concerts
The Jonas Brothers announced this weekend that they are changing up the venues for six of their upcoming summer concerts. File Photo by Gary I Rothstein/UPI | License Photo June 15 (UPI) -- The Jonas Brothers have announced plans to switch venues for six of the fraternal pop music trio's upcoming concerts. The new Jonas20: Living the Dream Tour shows will take place on the same late summer dates and in the same cities as the original ones were scheduled, but current purchases will be refunded and new tickets need to be bought for the updated venues. Affected shows are to take place in Washington, D.C.; Philadelphia; Tinley Park, Ill.; Detroit; Dallas and Los Angeles. "Every decision we make is with you in mind, ensuring the best experience for our incredible fans," the band said in a social media post. "We're making some venue changes, but rest assured, all performances are still happening on the same dates in the same cities," the musicians added. "We're pouring our hearts into making this the best tour we've ever done." The group is also set to perform at the Macy's Fourth of July Fireworks Special in New York next month.
UPI
11-06-2025
- Business
- UPI
Florida-based Silver Airways ceases operations
Airplanes are seen stacked up at Palm Beach National Airport in West Palm Beach, Fla. (2023). Florida-based airline Silver Airways announced it is shutting down effective Wednesday. File Photo by Gary I Rothstein/UPI | License Photo June 11 (UPI) -- The Florida-based airline Silver Airways announced it is shutting down effective Wednesday. A holding company that bought Silver's assets decided to shut down the airline. Silver Airways said in a statement on Instagram, "We regret to inform you that we are ceasing operations as of today, June 11, 2025. In an attempt to restructure in bankruptcy, Silver entered into a transaction to sell its assets to another airline holding company, who unfortunately determined to not continue Silver's flight operations in Florida, the Bahamas and the Caribbean." The airline urged customers to not go to the airport. Silver said all credit card purchases "should be refunded through your credit card company or your travel agency." Silver Airways declared Chapter 11 bankruptcy Dec. 30, 2024. They said the decision would secure additional capital to do a financial restructuring they wanted to complete in the first quarter 2025. Silver Airways was among six American carriers approved for flights to Cuba in 2016 for the first time in more than half a century. The approval was part of the thawing of relations with Cuba during Obama administration.
UPI
23-05-2025
- Entertainment
- UPI
IATSE pickets Will Smith music video
1 of 3 | Will Smith walks the red carpet at the Univision Premio Lo Nuestro award show on February 20. Picketers gathered outside where he was filming a new music video Friday. File Photo by Gary I Rothstein/UPI | License Photo May 23 (UPI) -- Members of the International Alliance of Theatrical Stage Employees are picketing outside West Hollywood's Quixote Studios, where a Will Smith music video is in production. Friday's strike was in response to the producers' refusal to offer union benefits to crew members. Deadline reports that the entire crew, which consisted of 35 people, were fired, prompting the picket. Variety reported conflicting numbers. According to that outlet, IATSE Local 80 business manager Dejon Ellis said that around 20 people were fired. Breathe Entertainment president Stephen Trivieri said that 10 people had been let go after refusing to go to work. "While this music video features a globally recognized artist, it was independently financed and produced outside the scope of major studio or label backing. Like many artist-driven creative projects, this shoot was built around a clear non-union structure with transparent terms and fair compensation across all departments," Trivieri said, per Variety. The music video is for a song off the actor's newest album, Based on a True Story, which dropped March 28.
