Expect M&A to help fuel fast-growing Associated Bank's growth in KC
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USA Today
an hour ago
- USA Today
WNBA-to-Boston celebrations premature? League pushes back on CT Sun move after Pagliuca deal
Fans celebrating the arrival of the WNBA to the City of Boston might want to temper their expectations in the short term. Recent reporting from the Boston Globe's Gary Washburn relates that the WNBA itself is throwing cold water on ta potential move of the recently-purchased Connecticut Sun to a new location. Former Boston Celtics minority owner and Bain Capital executive Steve Pagliuca recently purchased the team for a record $325 million, with another $100 million earmarked to build a dedicated practice facility for the team in Boston. But per Washburn, after news of the sale broke this week, the league sent the reporter a release pushing back on a potential move out of the Nutmeg state. "Relocation decisions are made by the WNBA Board of Governors and not by individual teams," related the WNBA to Washburn, also noting that "no groups from Boston applied for a team." This could put a bit of a damper on things, given Pagliuca would be one of the first names for an expansion team in the area, yet the former Celtics owner now finds himself the new owner (pending league approval) of a team the WNBA appears determined to keep in Connecticut. "Nine additional cities also applied for WNBA teams and remain under active consideration. Those other cities remain under consideration based on the extensive work they did as part of the expansion process and currently have priority over Boston," added the league. This course of action may have actually put the city behind the proverbial eight ball, as the WNBA may be looking to avoid following in the footsteps of the NBA with the highly unpopular move of the Seattle SuperSonics to Oklahoma City in the aughts. Interestingly, the release tendered to Washburn also notes that a "prospective Celtics owner has also reached out to the league office and asked that Boston receive strong consideration for a WNBA franchise at the appropriate time." Does this mean the ownership group helmed by Bill Chisholm currently in the process of securing final NBA approval to buy the Boston-based NBA ball club is also the leading group to secure a WNBA team in the same city? At present, details on all of the above are murky, but will likely continue to develop in the coming weeks. Listen to "Havlicek Stole the Pod" on: Spotify: iTunes: YouTube:
Miami Herald
6 hours ago
- Miami Herald
Whataburger debuts limited-time burger, plus a new treat. When can you get them?
Whataburger fans can soon sip — or sink their teeth into two new menu items. The Dr Pepper blackberry shake and bacon wrangler double arrive Tuesday, Aug. 5, at participating restaurants nationwide, according to the Texas-based burger chain. The limited-time offerings are the latest to land at Whataburger as the brand celebrates 75 years, marking 'its diamond anniversary' with new and returning menu favorites. In a nod to its Texas roots, the bacon wrangler double features two beef patties topped with bacon, American and Monterey Jack cheeses, crispy onions and garlic aioli on a toasted bun, Whataburger said in a news release. 'As a proud Texas-born brand, Whataburger was built on bold flavors, genuine hospitality and a spirit that feels like home,' President and CEO Debbie Stroud said in the release. 'The Bacon Wrangler Double is a delicious reminder that you can always experience a little bit of that spirit with every bite.' Customers can wash it all down with the new Dr Pepper blackberry shake, also available for a limited time. It's a fruity take on the original Dr Pepper shake, combining Whataburger's vanilla soft serve with Dr Pepper 'and a touch of blackberry flavor,' according to the restaurant's website. The burger chain offered a Dr Pepper blackberry-flavored soda at restaurants earlier this year to rave reviews. 'We paired two Texas favorites in a way that feels fresh but familiar — fun, unexpected, and full of that signature Whataburger deliciousness,' Scott Hudler, chief marketing officer for Whataburger, said at the time. Pricing information wasn't immediately available. Find your nearest Whataburger here.
Chicago Tribune
6 hours ago
- Chicago Tribune
Last chance to apply for $250 million Bally's Chicago IPO ends Monday
It's the last call for the Bally's Chicago $250 million initial public offering. Bally's Chicago will close its online portal Monday at noon, ending the opportunity for potential investors to indicate interest in the offering and perhaps own a piece of the city's first casino. All investment accounts must be funded before Tuesday at 4 p.m., with Bally's Chicago allocating shares in the IPO by Thursday, according to an email sent to potential investors. The Bally's Chicago IPO and concurrent private placement is scheduled to close on Friday, the company said. It has been a long road for the IPO, which has navigated lawsuits and regulatory delays since launching in January. It was refiled for a second time July 15 with the Securities and Exchange Commission to update the company's financials during the eight-month process. The $250 million IPO was initially an exclusive opportunity for women and minorities to buy a 25% equity stake in the casino, looking to fulfill a commitment to the city and raise money for the construction of its planned $1.7 billion entertainment complex in River West. In April, Bally's refiled and expanded the IPO to include any potential investors, with 'preferential allocations' to Chicago and Illinois residents. The elimination of the minority requirements in the IPO came as Bally's and the city faced two lawsuits in Chicago federal court alleging the investment opportunity discriminated against white men. Both lawsuits were settled, according to court filings. The IPO creates 10,000 Class A shares featuring four classes of stock ranging from $250 to $25,000, supplemented by loans from Bally's Chicago to enable 'underrepresented communities' to participate. Chicago-based Loop Capital Markets serves as the lead placement agent for the IPO. In May 2022, Rhode Island-based Bally's was selected by the city to build the Chicago casino with a proposal that includes an exhibition hall, a 500-room hotel, a 3,000-seat theater, 10 restaurants and 4,000 gaming positions at the 30-acre site of the former Chicago Tribune printing plant. Bally's Chicago has been operating a temporary casino at Medinah Temple in River North since September 2023. While there have been some construction delays, including a demolition stoppage by the city in December after a debris spill in the Chicago River, and an Illinois Gaming Board-imposed work stoppage in May over the use of unauthorized waste hauler with alleged ties to organized crime, Bally's has begun erecting the steel and concrete casino complex, which remains on target for a September 2026 opening, the company said. rchannick@
