Latest news with #ADG
Yahoo
2 days ago
- Business
- Yahoo
Lowe's Completes Acquisition of Artisan Design Group
MOORESVILLE, N.C., June 2, 2025 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today announced it has completed its previously announced acquisition of Artisan Design Group ("ADG"), a leading nationwide provider of design, distribution and installation services for interior surface finishes to home builders and property managers. "We are pleased to complete this transaction and officially welcome the talented ADG team to Lowe's. ADG has built an industry-leading position through consistent execution and outstanding customer service, earning strong customer satisfaction scores from the top homebuilders," said Marvin R. Ellison, Lowe's chairman, president and CEO. "This acquisition positions us to accelerate our growth in Pro planned spend and expand into an adjacent distribution channel in a highly fragmented, approximately $50 billion market." AdvisorsCenterview Partners LLC is acting as lead financial advisor to Lowe's. Greenhill, a Mizuho affiliate, is also acting as financial advisor to Lowe's. Covington & Burling LLP is acting as legal advisor to Lowe's. RBC Capital Markets is acting as lead financial advisor to ADG. Goldman Sachs and Robert W. Baird are also acting as financial advisors to ADG. Latham & Watkins LLP is acting as legal advisor to ADG. About Lowe'sLowe's is a FORTUNE® 100 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2024 sales of more than $83 billion, Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing, improving community spaces, helping to develop the next generation of skilled trade experts and providing disaster relief to communities in need. For more information, visit Disclosure Regarding Forward-Looking StatementsThis press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements including words such as "believe", "expect", "anticipate", "plan", "desire", "project", "estimate", "intend", "will", "should", "could", "would", "may", "strategy", "potential", "opportunity", "outlook", "scenario", "guidance", and similar expressions are forward-looking statements. Forward-looking statements involve, among other things, expectations, projections and assumptions about future financial and operating results, objectives (including objectives related to environmental and social matters), business outlook, priorities, sales growth, shareholder value, capital expenditures, cash flows, the housing market, the home improvement industry, demand for products and services including customer acceptance of new offerings and initiatives, macroeconomic conditions and consumer spending and Lowe's strategic initiatives, including those relating to acquisitions and dispositions and the impact of such transactions on our strategic and operational plans and financial results. Such statements involve risks and uncertainties, and we can give no assurance that they will prove to be correct. Actual results may differ materially from those expressed or implied in such statements. A wide variety of potential risks, uncertainties, and other factors could materially affect our ability to achieve the results either expressed or implied by these forward-looking statements including, but not limited to, the occurrence of any event or other circumstance that could give rise to the right of one or both of the parties to terminate the merger agreement between Lowe's and ADG, the failure to obtain the requisite approvals or to satisfy the other conditions to the proposed merger on a timely basis or at all, the possibility that the anticipated benefits and synergies of the merger are not realized when expected, or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of changes in general economic conditions, such as volatility and/or lack of liquidity from time to time in U.S. and world financial markets and the consequent reduced availability and/or higher cost of borrowing to Lowe's and its customers, slower rates of growth in real disposable personal income that could affect the rate of growth in consumer spending, inflation and its impacts on discretionary spending and on our costs, shortages and other disruptions in the labor supply, interest rate and currency fluctuations, home price appreciation or decreasing housing turnover, age of housing stock, the availability of consumer credit and of mortgage financing, trade policy changes or additional tariffs, outbreaks of pandemics, fluctuations in fuel and energy costs, inflation or deflation of commodity prices, natural disasters, geopolitical or armed conflicts, acts of both domestic and international terrorism, and other factors that can negatively affect our customers. Investors and others should carefully consider the foregoing factors and other uncertainties, risks and potential events including, but not limited to, those described in "Item 1A - Risk Factors" in our most recent Annual Report on Form 10-K and as may be updated from time to time in Item 1A in our quarterly reports on Form 10-Q or other subsequent filings with the SEC. All such forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update these statements other than as required by law. LOW-IR Contacts: Shareholder/Analyst Inquiries:Media Inquiries:Kate PearlmanSteve View original content to download multimedia: SOURCE Lowe's Companies, Inc.
Time of India
6 days ago
- Time of India
Two arrested in Boring Canal Road firing incident
Patna: Five days after the firing incident on posh Boring Canal Road in the state capital, two people were arrested on Thursday, even as the main accused is yet to be apprehended. The black SUV without a number plate, which was used in the crime, is also yet to be traced. Tired of too many ads? go ad free now Police said so far, , a resident of Kadamkuan, and , alias Sameer, from Pirbahor were arrested in connection with the case. According to an FIR registered at Shri Krishnapuri police station, the incident involved four to five youths, who had arrived at Boring Canal Road in the black SUV, two hours after a dispute with some local residents, and fired six rounds on May 24. The first two rounds were fired from the SUV itself near a popular sweet shop in the area, followed by two more rounds a little further ahead. Meanwhile, ADG (law and order) Pankaj Darad, who was coincidentally passing through the area, instructed his security personnel to chase the SUV. His bodyguard, Rajneesh Kumar (ATS constable), fired four rounds in self-defence while chasing the criminals. After this, the vehicle took a U-turn from Lohia Chakra and took the bridge, where two more rounds were fired. The ADG chased them up to GPO roundabout, but due to a lack of tight security arrangements, all the criminals managed to escape. Sachivalaya subdivisional police officer (SDPO)-II Saket Kumar said the FIR was registered on the basis of a statement by sub-inspector Alok Kumar. "Today, the police received information that the accused were planning to surrender. Security was increased at the court in response. Meanwhile, the police stopped a young man for questioning and informed the Shri Krishnapuri police station. After checking the young man's Aadhaar card, he was released," the SDPO said.
Time of India
7 days ago
- Time of India
Punjilal's letter to Balangir SP led to his nailing: Bothra
Bhubaneswar: It was a blind case with no immediate material evidence and eyewitnesses. The crime branch, which took over the investigation, said Punjilal's letter to the Balangir SP to derail the probe, forensic examination of bomb remnants, a glue, and a psychological trap led them to Punjilal. Tired of too many ads? go ad free now Arun Bothra, then IG (crime branch) and now ADG (railways and coastal security), who led the investigation into first such case of a gift bomb in Odisha, narrated the details of how they filtered the evidence that came their way and nailed Punjilal. "During the investigation, Punjilal once told me that he never thought we would be able to zoom in on him. Nobody was suspecting Punjilal until I delved into the case in the first week of April 2018. He was extremely cunning (shatir). The letter he sent to the SP, Balangir was a breakthrough. When I scanned through the letter, I thought in Patnagarh no one can write such a neat English letter unless one is learned. I asked the investigating officer about the suspect (then Punjilal was a routine suspect) and came to know that he was an English lecturer," Bothra told the media after Punjilal's conviction. Narrating further, he said Punjilal bought 10 envelopes to send the letter to the SP. The crime branch found the remaining nine envelopes in his home that matched the ones sent to the SP. Second, the forensic examination of dry glue on the used envelope and the glue case in his home matched. "The printer in which it was printed was retrieved, and the laptop used to type the letter was recovered," Bothra recalled. What also immensely helped the crime branch secure Punjilal's conviction is that the sleuths recovered the wrappers of the locally-made bombs that Punjilal used to gather gunpowder to make a high-impact bomb. Tired of too many ads? go ad free now "He used several bombs and extracted the gunpowder. We found the remnants in his backyard," said Bothra. Punjilal hatched a plan to eliminate the entire family of Sanjkuta Sahoo, his colleague at Jyoti Vikash College, Bhainsa at Patnagarh in Balangir district, and on Feb 23, the gift bomb consignment reached Sahoo's home. Young techie Soumya Sekhra and his grandmother died in the explosion of the gift that Punjilal couriered from Raipur. The newly-wed bride, Reema, survived the blast.
Time of India
28-05-2025
- Time of India
Gun-wielding miscreants on bike open fire on busy Patna street
Patna police are investigating a shooting at Boring Road crossing after a video went viral showing two individuals firing shots from a motorcycle near a temple. PATNA: Buddha Colony police have initiated an investigation into the shooting incident at Boring Road crossing in Patna. According to SHO Sadanand Shah, the investigation has been initiated after the video of the incident went viral on social media. A 5-second video circulating on social media platforms shows two individuals on a motorcycle fired bullets near a temple at Boring Road. The footage, which has caused significant public concern and demands for police action, depicts the pillion rider fired two shots in the air from a moving motorcycle near the Crossing. Sources suggest the incident occurred on the morning of May 24, coinciding with another shooting event that took place that evening on Boring Canal Road near Haratli More, when a black SUV with license plat fired eight rounds following a dispute with the locals In the latter incident, unknown individuals in a Scorpio SUV reportedly fired eight shots during what is believed to be a parking-related dispute. No casualties were reported. Additional director general of police (ADG), law and order, Pankaj Darad, who was returning from an Anti-Terrorism Squad (ATS) meeting, witnessed the shooting near New Punaichak and immediately began pursuing the offenders. During the chase, which continued till GPO Golambar, the ADG's security guard opened fire in an attempt to stop the criminals. The miscreants retaliated and managed to escape while driving the SUV recklessly. Patna SSP Avakash Kumar has taken disciplinary action by suspending 18 officers for dereliction of duty in this matter. 'Further investigation has been going on,' he said.
The Hindu
28-05-2025
- Politics
- The Hindu
Suspension of former CID Additional DG N. Sanjay extended by six months
The Andhra Pradesh government on Tuesday issued orders extending the suspension of former Additional Director General of Police (ADG), Crime Investigation Department (CID) N. Sanjay, who is facing charges of misappropriation and misuse of public funds, by six more months. Mr. Sanjay, a 1996 batch IPS officer, allegedly misused public money while executing the development works when he was working as the Director General (DG) of Andhra Pradesh State Disaster Response and Fire Services. The IPS officer also allegedly misappropriated funds allotted for training the police personnel in creating awareness among Scheduled Castes (SCs) and Scheduled Tribes (STs) on the rights of the victims, rules of the Prevention of Atrocities (POA) Act, 1989, when he was working as the ADG (CID). Mr. Sanjay was suspended under Rule 3 (1) of All India Services (Discipline and Appeal) Rules, 1989. The Review Committee, which met on January 29, 2025, recommended extension of his suspension until May 31, 2025, or till further orders, whichever is earlier. Recently, the ACB Director General said that a case registered under Section 7 of the Prevention of Corruption (PC) Act, 1988, and other sections was pending against Mr. Sanjay, and more witnesses need to be examined in the case. The Review Committee, which met on May 21 again, observed that the investigation of the case was in progress and the officer under suspension might influence the probe. The committee recommended another extension of the suspension of the IPS officer until November 27, 2025 (for 180 days) or till further orders, whichever is earlier. The Director General of Police (HoPF) shall take necessary action in the matter, the orders said.
