Offers Archives - Zxcoachoutlet

Mohegan-Led Consortium Offers 150 Million Euros for Greek Casino Licence | Investing News

October 8, 2020

ATHENS (Reuters) – A consortium led by U.S. casino operator Mohegan Gaming & Entertainment [MOTGA.UL] has offered 150 million euros ($176 million) for a licence to build and operate a luxury casino resort in Athens, a Greek minister said late on Wednesday.

Mohegan and its Greek partner GEK TERNA
had advanced to the next phase of a long-delayed tender for the construction and 30-year operation of a casino resort on the site of the former Hellenikon airport, part of an 8 billion euros redevelopment plan by Greek developer Lamda

.

Greece’s gaming commission, which is handling the tender, on Wednesday opened Mohegan’s financial bid, Development Minister Adonis Georgiadis told a Greek TV station.

“The tender had set a minimum price of 30 million euros … Mohegan offered a lump sum of 150 million,” he said.

The next steps in the process include signing the contract and clearing it with Greek

Everest Re Subsidiary Offers of $1 Billion Senior Notes

October 6, 2020

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Everest Re Group Ltd.’s RE wholly-owned subsidiary, Everest Reinsurance Holdings, Inc. announced the pricing of $1 billion aggregate principal amount of senior unsecured notes. The notes carry an interest rate of 3.500% and are scheduled to mature in 2050.

The company aims to deploy the net proceeds for general corporate purposes.

The company issued senior notes amid a low interest rate environment to get hold of more funds and enhance financial flexibility without affecting its liquidity. As of Jun 30, 2020, cash balance increased about 45.2% to $1.8 billion from 2019 end level.

By capitalizing on the low interest rate environment, the company is also attempting to reduce its interest burden, thus facilitating margin expansion. Also, the company’s operational strength should enable it to service debt uninterruptedly, thereby maintaining the stock’s creditworthiness.

As of Jun 30, 2020, total debt of the company was about $621 million, which decreased 2.1% from

TC Energy Offers $1.48B Acquisition Deal to TC PipeLines

October 6, 2020

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TC Energy Corporation TRP recently announced that it has offered to acquire all TC PipeLines’ TCP outstanding units for $1.48 billion that it does not completely own. The move comes at a time when the company plans to remove the master limited partnership (MLP) structure of TC PipeLines, a corporate set-up once popular in the U.S. pipeline industry.

This strategic action will provide TC PipeLines unitholders with 0.650 common shares of TC Energy for each issued and outstanding publicly-held TCP common unit, accounting for a 5.4% premium to the closing price as of Oct 2.

The currently Zacks Rank #3 (Hold) TC Energy made its proposal to the board of the general partner of TC PipeLines. This is because the general partner of TC PipeLines is a subsidiary of TC Energy and a conflicts committee comprising independent directors of TC PipeLines will be formed to take into consideration the offer

Nigeria’s Insurance Market Offers Significant Potential Despite Headwinds

October 5, 2020

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Nigeria’s substantial oil and gas reserves, its young and growing population and its position as Africa’s largest economy continue to point to significant development potential for its insurance sector. However, Nigeria has failed to deliver on that potential historically due in part to the volatility of growth in the country’s real gross domestic product (GDP), coupled with the sporadic enforcement of mandatory retail insurance lines.

In a new Best’s Market Segment Report, “Nigeria’s Insurance Market Offers Significant Potential Despite Headwinds”, AM Best notes that, due to the COVID-19-driven economic slowdown, the insurance market regulator (National Insurance Commission [NAICOM]) has agreed to further delay its revised plans to strengthen market capitalisation and limit the volume of premium flowing out of the country.

NAICOM has now opted for a staggered approach that requires partial recapitalisation by December 2020, with market participants obliged to meet the full requirements by September 2021. AM

How to find travel insurance that offers COVID coverage

October 4, 2020

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Traveling now carries with it more uncertainty than ever before. If you plan on traveling anytime soon, one thing you can do to protect yourself is get a trip insurance policy that includes coronavirus coverage. Previously, many insurers excluded COVID-related claims due to the virus’ status as a foreseen event/pandemic. But now, some insurers are changing their tune. Here’s what you need to know about how to find travel insurance providers that offer coronavirus-related coverage, as well as what is and isn’t covered.

What is covered

Coronavirus coverage falls into several categories:

Trip cancellation: You need to cancel a trip prior to departure because you, a covered travel companion or possibly someone you need to care for contracted COVID-19.
Trip delay: Your trip is delayed due to changing COVID-related guidelines.
Travel medical coverage: You (or a covered travel companion) become ill with COVID-19 while traveling abroad and incur health

Cane Island builders present money-saving offers in time for fall

October 4, 2020

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Just in time for fall, home builders in Katy’s Cane Island are offering money-saving deals on new, move-in ready homes, including money back at closing, free upgrades and other special offers.

Buyers can go to CaneIsland.com and choose from one or more of the community’s acclaimed builders to connect virtually or in person with their respective sales representatives to learn more. Buyers will also find a current list of the community’s move-in ready homes, virtual tours of model homes and information on premium, acreage properties in The Estates, Cane Island’s custom home neighborhood.

In addition to a broad selection of new homes, Cane Island offers neighborhoods with a distinctive, open feel. Cane Island properties start at 50 feet in width, giving families plenty of open space and the feel of a larger homesite.

Cane Island provides the convenience of immediate I-10 west access, proximity to major west Houston employers and

Social Security ‘insurance:’ Company offers product to protect against surplus running out

October 3, 2020

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Those approaching retirement can now buy a type of “insurance” to guard against reduced Social Security benefits.

The product — a rider on an annuity — is the first of its kind, but some experts expect similar offerings to follow as worries over the future of the entitlement program grow due to the pandemic.

“The largest unaddressed fear is the Social Security reduction,” said David Duley, founder and CEO of PlanGap, which has received regulatory approval for the new product in 44 states.

The surplus in the fund that pays out Social Security benefits will be depleted by 2031 — a year earlier than previously forecast — largely due to mass layoffs during the pandemic, according to the Congressional Budget Office. After that, the fund could pay about three-quarters of benefits for retirees, a major hit to the largest source of retirement income for most Americans.

“People are in this

Exclusive: Golar Power Offers Top Bid for Petrobras’s LNG Terminal – Sources | Investing News

October 1, 2020

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RIO DE JANEIRO (Reuters) – Golar Power Ltd has submitted the top bid for a highly-sought-after liquefied natural gas import terminal being leased by Brazil’s state-run energy firm Petrobras, two people with direct knowledge of the matter said.

The terminal and regasification facility was offered under a wider government effort to end the state oil company’s monopoly in natural gas imports and processing. The Bahia state terminal can process 20 million cubic meters per day of LNG and includes a 45 kilometer pipeline.

A bid by Golar Power, a joint venture between Golar LNG

and U.S. private-equity firm Stonepeak Infrastructure Partners, was the top offer received, the people said. Twelve companies applied to submit offers, including local subsidiaries of BP PLC

, Total SA

and Repsol SA

.

On Monday, Petrobras separately said it would conduct an integrity risk assessment of Golar Power, which does business with the state-controlled producer.

‘Unacceptable’ Offers Juicy Details On The Largest College Admissions Scandal : NPR

September 30, 2020

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A new book tells the story behind Operation Varsity Blues, the largest college admissions scandal ever prosecuted by the U.S. Department of Justice.

Elissa Nadworny/NPR

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Elissa Nadworny/NPR

A new book tells the story behind Operation Varsity Blues, the largest college admissions scandal ever prosecuted by the U.S. Department of Justice.

Elissa Nadworny/NPR

The college admissions process has long been sold as a system of merit: Do well in school, write a killer essay, score well on the SAT, and you’ll get in. Yet the recent nationwide scandal, dubbed Operation Varsity Blues, laid bare just how much money, instead of aptitude, often drives admissions at elite colleges.

In March of 2019, federal prosecutors charged 50 people with participating in a scheme to cheat the college admissions system at select colleges nationwide. The investigation into widespread cheating and corruption included Hollywood celebrities, Division I college coaches and wealthy

Treasury offers coronavirus relief loans to seven major US airlines

September 30, 2020

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The Treasury Department announced it offered loans to seven major U.S. airlines on Tuesday, including Alaska, American, Frontier, JetBlue, Hawaiian, SkyWest and United.

Each airline could receive a multi-billion dollar loan from the Treasury, which is responsible for doling out $25 billion in funding for airlines that Congress approved in the CARES Act earlier this year.

The CARES Act authorized such loans to provide liquidity to businesses devastated by the coronavirus pandemic.

The Treasury said it expects initial loan amounts per airline to increase due to some of the airlines determining not to move forward with the loans due to the availability of private financing, though under the outlined terms, no airline will receive more than a $7.5 billion loan.

Airlines have until Sept. 30 to accept the CARES Act-sanctioned loan. Delta and Southwest already indicated they will not accept a loan.

“The payroll support and loan programs created by

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