TWO women were targeted by a flasher within hours in the Fordell estate, just outside Dunfermline. One woman was out walking and the other was having a run through woodlands when the flasher, Peter Steedman, exposed himself. Steedman, 56, of South Lodge Farm, St Davids, Hillend, has finally been sentenced at Dunfermline Sheriff Court having admitted the offences back in October. He admitted that on April 24, 2020, at an embankment in Fordell Estate, he intentionally exposed his genitals in a sexual manner to a woman so that she would see them. On the same day, at Fordell Woods, he intentionally exposed his genitals in a sexual manner to another woman so that she would see them.
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Private equity giant Apollo Global Management Inc. has agreed to acquire a 51-per-cent stake in ABC Technologies Holdings Inc. less than two months after its initial public offering.
Apollo will purchase $276.6-million of shares from ABC’s parent company Cerberus Capital Management LP, but made no offer to to buy shares from public shareholders, who will own approximately 20.9 per cent of outstanding shares when the deal closes. Shares of ABC have traded at low volumes. Nearly 80 per cent of the company’s outstanding shares are owned by insiders.
Apollo Global Takes Majority Stake in ABC Technologies Holdings
Funds managed by affiliates of
Apollo Global Management Inc. have acquired majority stake in
ABC Technologies Holdings Inc. from its majority shareholder,
ABC Group Canada LP, an affiliate of funds managed by
Cerberus Capital Management LP. Under the terms of the agreement, the Apollo funds will purchase 51% of the outstanding common shares (on a fully-diluted basis) of the company from ABC LP for CAD$10.00 (USD$8.00) per common share.
ABC Technologies president and CEO
Todd Sheppelman said, “ABC’s strong operational and financial performance, combined with its near-term opportunities as a platform for industry consolidation in the automotive technical plastics space, led to an unsolicited offer from the Apollo Funds to acquire a majority stake in the company and join in the journey outlined during ABC’s recent IPO process. We are excited to gain access to Apollo’s expertise and resources and look for
Reed Smith Hires in Global Corporate Team
Global law firm
Reed Smith has hired
John Ngo to the firm’s global corporate group in New York. A former in-house lawyer who was most recently with
Greenberg Traurig LLP, Ngo joins as counsel and adds depth to the firm’s rapidly expanding services with special purpose acquisition company transactions.
“Our SPAC team, led by partner
Ari Edelman in New York, has seen a rapid uptick in the number of de-SPAC and SPAC IPO transactions it has advised on since last fall,” said
James Tandler, chair of Reed Smith’s U.S. corporate group. “John has extensive experience working on various types of transactions, including de-SPAC transactions, and mergers and acquisitions in healthcare, technology, telecommunications, insurance, manufacturing, private equity and various other industry sectors.”