Latest news with #Bayview
CBS News
2 days ago
- Entertainment
- CBS News
Inaugural San Francisco Hip Hop Festival draws artists, fans for 2-day event
Breakdancing, graffiti art, and the unmistakable beats of hip-hop took center stage at the inaugural San Francisco Hip Hop Festival this weekend, as artists and fans gathered at The Midway in Bayview for a two-day celebration of culture and connection. Organized by the nonprofit SF Hip Hop, the festival featured panel discussions, music performances, and art competitions designed to honor the genre's roots while creating space for in-person connection. Renowned graffiti artist Omen P2 said Bayview was a fitting location for the event. "A lot of the early hip-hop stuff, or what they call hip hop-I like to call it funk stuff-that was happening in the '70s and '80s, started right here in Bayview," he said. Omen P2 emphasized the value of in-person engagement in an increasingly digital era. "If you're talking about hip hop, you've got to use your hands and your talent," he said. "Digital is okay, social media is okay. It serves its purpose. But the main difference between then and now is that it had more to do with eye-to-eye contact, hand-to-hand battle, which required more personality, more talent. There's a lot of skillful guys in hip hop today, but I just think the personal touch is missing." That sense of personal connection is exactly what SF Hip Hop co-founder Kamel Jacot-Bell hopes to foster with the new festival. "We really feel like hip hop needs to have these types of events to preserve and cherish our legacy and move on to the future," Jacot-Bell said. "We've been around 50 years now, but the culture is dying in different areas-gentrification and different things in our communities. So we wanted to have a strong statement of culture, positivity, and our cultural welfare. There's no better time than now to have the SF Hip Hop Festival." Performers included the legendary DJ Mix Master Mike and the iconic DJ Qbert, both of whom reflected on the power of hip hop and its roots in Bay Area diversity. "Back in the days, I used to hustle mix tapes and that was my way of living," said Mix Master Mike. "It was survival instincts, and I just applied that to my art, coming from the streets, and now we are here, 35 years later, still doing what we love, through the grace of God." DJ Qbert highlighted the region's multicultural influence on the genre. "You know what's beautiful about the Bay is, you could see a bazillion cultures here, all kinds of nationalities, and we are all connected with the language of God, which is music," he said. "It's just lovely to see that here." For organizers and participants, the event is more than just a celebration-it's a way to pass down a living history. "I think having a hip-hop festival is important to have for the younger folks to understand the roots," Omen P2 said. The SF Hip Hop Festival honored the culture's roots, confronted social justice issues, and sparked conversations about the future of the genre and its community.
CBS News
05-07-2025
- CBS News
Shooting in San Francisco Bayview leaves 1 dead, multiple injured
San Francisco Police said one person died in a shooting that left multiple people injured in the Bayview district early Saturday. The shooting happened around 12:07 a.m. on the 100 block of Harbor Road. Police said they arrived at the scene and found five people who had been shot. All of them were taken to the hospital, but one of them was later pronounced dead. According to police, two of them had been seriously injured, and three of them had injuries that were not life-threatening. Police are investigating and have not yet released information about a shooter or what led to the shooting.
Daily Record
05-07-2025
- Sport
- Daily Record
Striker Alan Trouten eyes successful season as he recalls 'proud moment'
Trouten will play into his 40s, having enjoyed a prolific promotion season Rutherglen ace Alan Trouten has signed a one-year extension at East Fife that will ensure he plays into his 40s. Trouten is in pre-season to enter his fourth season at Bayview, and hopes it can be a successful one in the third tier. The striker, who turns 40 in November, played a major part in their promotion-winning campaign in League Two last term by scoring 28 goals in 43 games. And he said: 'The season ended well, with the play-off victory and promotion – that's what we set out to do at the start of the season. 'We're up to League One, I've signed a new contract, along with the majority of the boys. We've kept a good nucleus of the squad together and we just need to add more bodies so we can compete at a higher level. 'I never really set myself personal targets, goals-wise and stuff, I always just want to contribute, help the team – that's what I'm there to do, to score and set up goals. 'As a team, we need to take it game by game. I know when you look at the league it's going to be exciting. There's going to be four full-time teams in there, ourselves and Peterhead have just come up, but I think we can give a good account of ourselves and hopefully have another successful season.' Trouten picked up the PFA Scotland League Two Player of the Year award, setting a record, and says it was a great moment. He said: 'It was a proud moment for me and my family, especially seeing that the award is voted for by the players that you're up against over the course of the season – that always makes it that bit sweeter. 'It's always good to get that recognition that the players you're playing against appreciate your performances. 'I think that was the fourth time I had been nominated, so to finally win it meant a lot, and they told me on the night I was the oldest player ever to win a PFA award at any level, so that was a nice moment as well.' Trouten says a change in mentality under Dick Campbell led to East Fife's success. Trouten said: 'When the manager first came in, the first thing they said was that they would change the team's mentality, that we had to improve on that as a squad. 'I think there were games last season that we might not have won in previous years. 'The biggest thing they've brought is the mentality. The management team have won a lot of promotions and there are players in the team that have done it as well, so it has been a good mix.'
Yahoo
19-06-2025
- Business
- Yahoo
Mortgage Company Guild Agrees to $1.3 Billion Go-Private Deal; Shares Jump
Guild Holdings (GHLD) said Wednesday that a fund managed by Bayview Asset Management has agreed to a
Business Wire
18-06-2025
- Business
- Business Wire
Guild Holdings Co. and Bayview Asset Management Sign Definitive Agreement
SAN DIEGO--(BUSINESS WIRE)--Guild Holdings Company (NYSE: GHLD) ('Guild'), a growth-oriented mortgage company that employs a relationship-based loan sourcing strategy to execute on its mission of delivering the promise of homeownership, today announced that it has signed a definitive agreement under which a fund managed by Bayview Asset Management, LLC ('Bayview') will acquire all of the outstanding shares of the Company's common stock that it does not already own in an all-cash transaction valued at approximately $1.3 billion in aggregate equity value. Upon completion of the transaction, Guild will operate as a privately held independent entity in close partnership with Lakeview Loan Servicing, LLC ('Lakeview'), a leading mortgage servicer and Bayview affiliate. Under the terms of the agreement, Guild stockholders will receive $20.00 in cash for each share of Guild common stock they hold. The transaction consideration represents a premium of approximately 56% to Guild's unaffected closing common stock price on May 23, 2025, the last trading day prior to the filing of Bayview's Schedule 13D announcing its potential interest in a transaction with Guild, and a premium of approximately 27% to Guild's tangible book value as of March 31, 2025. The Board of Directors also intends to authorize a special cash dividend of up to $0.25 per share in 2025 (based on Guild's cash on hand) and, if the merger is not consummated in 2025, quarterly cash dividends of up to $0.25 per share through the consummation of the merger. The payment of any dividends will not result in an adjustment to the $20.00 per share purchase price. Upon completion of the transaction, Guild will become a private company. McCarthy Capital Mortgage Investors, LLC has executed a written consent to approve the transaction, thereby providing the required stockholder approval for the transaction. No further action by other Guild stockholders is required to approve the transaction. Guild's leading nationally recognized retail mortgage origination and servicing platform will continue to build upon its historical success operating business as usual. Guild executives and management team, critical to ongoing growth and performance, will also remain in place. There will be no material change to Guild's brand, business operations or customer experience as a result of the agreement. The transaction is expected to close in the fourth quarter of 2025, subject to the satisfaction of customary closing conditions. The transaction is not subject to any financing conditions. 'Expanding the Guild relationship with Lakeview creates one of the strongest and most compelling mortgage origination and servicing ecosystems in the nation,' said Guild Chief Executive Terry Schmidt. 'Our expertise in distributed retail origination, retained servicing, and the customer-for-life balanced business model makes this a complementary partnership that has powerful potential for growth and innovation.' 'We are pleased to forge a stronger strategic partnership between Lakeview and Guild through this transaction, and look forward to expanding opportunities and delivering exceptional service to our customers," said Juan Gonzalez, Managing Director and CEO of Lakeview Originations. 'With each company's different strengths and areas of expertise, this collaboration will form one of the most dynamic mortgage origination and servicing platforms in the industry.' 'We are excited for this next chapter of the Guild story,' said Guild Holdings Chairman Patrick Duffy. 'The entire board of directors is confident that Bayview will be an excellent steward of this exceptional company and a great platform for continued growth.' Transaction benefits: Guild will continue to execute its strategic growth plans, and expects that this transaction will create additional opportunities for its employees and customers. Seamless transition: Guild's business operations will continue with no material changes planned as a result of the transaction. The company's brand, product and service offerings, and strategic relationships will all remain in place. Guild's executives and management teams will also remain intact. Guild will continue to operate as an independent entity. Retail origination and retained servicing: Guild's coast-to-coast distributed retail origination model and focus on building customers-for-life through retained in-house servicing will remain a hallmark of the brand. This business model will align in a powerful, complementary fashion with Lakeview's servicing portfolio of 2.8 million mortgage loans nationwide, and position Guild for additional origination and recapture opportunities. Growth and innovation: Guild, Lakeview, and their affiliates expect to identify numerous opportunities to unlock additional customer opportunities, new product offerings, and growth capital to fund expansion and innovation. Morgan Stanley & Co. LLC is acting as exclusive financial advisor to Guild, and Sullivan & Cromwell LLP is acting as legal advisor to Guild. Goldman Sachs & Co. LLC is serving as financial advisor and Simpson Thacher & Bartlett LLP is serving as legal counsel to Bayview. About Guild Holdings Company Guild Mortgage Company, a wholly owned subsidiary of Guild Holdings Company (NYSE: GHLD), was founded in 1960 and is a nationally recognized independent mortgage lender providing residential mortgage products and local in-house origination and servicing. Guild employs a relationship-based loan sourcing strategy to execute on its mission of delivering the promise of home ownership in neighborhoods and communities across 49 states and the District of Columbia. Guild's highly trained loan professionals are experienced in government-sponsored programs such as FHA, VA, USDA, down payment assistance programs and other specialized loan programs. For more information visit About Lakeview Lakeview Loan Servicing, LLC ('Lakeview') is a leading mortgage loan servicer in the U.S. with over 2.8 million customers. Forward-Looking Statements This press release of Guild Holdings Company (the 'Company') contains forward-looking statements that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. These statements are often, but not always, made through the use of words or phrases such as 'may,' 'should,' 'could,' 'predict,' 'potential,' 'believe,' 'will likely result,' 'expect,' 'continue,' 'will,' 'anticipate,' 'seek,' 'estimate,' 'intend,' 'plan,' 'projection,' 'would' and 'outlook,' or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. Forward-looking statements are based on the Company's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Important factors that could cause the Company's actual results to differ materially from those expressed in or implied by forward-looking statements include, but are not limited to, the following: the expected timing and likelihood of completion of the pending merger transaction; the timing, receipt and terms and conditions of any required governmental approvals of the pending transaction that may impose materially burdensome or adverse regulatory conditions, delay the transaction or cause the parties to abandon the transaction; potential legal proceedings that may be instituted against the Company following announcement of the transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement; the risk that the parties may not be able to satisfy the conditions to the pending transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the proposed transaction; the risk that any announcements relating to the pending transaction could have adverse effects on the market price of the Company's common stock; and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of the Company to retain and hire key personnel and maintain relationships with its customers, agents or business counterparties, and on its operating results and businesses generally; significant changes to the size, structure, powers, and operations of the federal government and uncertainties regarding the potential for future changes, could cause disruptions to the regulatory environment in which we operate and could adversely impact our business and results of operations; changes in economic conditions, including as a result of macroeconomic policy changes by the U.S. government, may adversely impact our business, financial condition and results of operations; any disruptions in the secondary home loan market and their effects on our ability to sell the loans that we originate at attractive pricing; any changes in macroeconomic and U.S. residential real estate market conditions; any changes in certain U.S. government-sponsored entities and government agencies, and any organizational or pricing changes in these entities, their guidelines or their current roles; any changes in prevailing interest rates or U.S. monetary policies; the effects of any termination of our servicing rights; we depend on our loan funding facilities to fund mortgage loans and otherwise operate our business; the effects of our existing and future indebtedness on our liquidity and our ability to operate our business; any disruption in the technology that supports our origination and servicing platform; our failure to identify, develop and integrate acquisitions of other companies or technologies; pressure from existing and new competitors; any failure to maintain or grow our historical referral relationships with our referral partners; any delays in recovering service advances; any failure to adapt to and implement technological changes; any cybersecurity breaches or other vulnerability involving our computer systems or those of certain of our third-party service providers; our inability to secure additional capital, if needed, to operate and grow our business; the impact of operational risks, including employee or consumer fraud, the obligation to repurchase sold loans in the event of a documentation error, and data processing system failures and errors; any repurchase or indemnification obligations caused by the failure of the loans that we originate to meet certain criteria or characteristics; the seasonality of the mortgage origination industry; any non-compliance with or substantial changes to the complex laws and regulations governing our mortgage loan origination and servicing activities; material changes to the laws, regulations or practices applicable to reverse mortgage programs; our control by, and any conflicts of interest with, McCarthy Capital Mortgage Investors, LLC; our dependence, as a holding company, upon distributions from Guild Mortgage Company LLC to meet our obligations; ability to attract, retain and hire key personnel and maintain relationships with others with whom Guild does business; and the other risks set forth under Item IA. Risk Factors in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, as well as other filings the Company may make from time to time with the Securities and Exchange Commission. You should not place undue reliance on any such forward-looking statements. Unless indicated otherwise, the terms 'Guild,' and 'Company' each refer collectively to the Company and its subsidiaries. Any forward-looking statement speaks only as of the date on which it is made, and, except as otherwise required by law, the Company undertakes no obligation to update any forward-looking statement made in this press release. ADDITIONAL INFORMATION AND WHERE TO FIND IT This communication is being made in respect of the pending merger transaction involving Guild. Guild will prepare an information statement for its stockholders containing the information with respect to the transaction specified in Schedule 14C promulgated under the Exchange Act and describing the pending transaction. When completed, a definitive information statement will be mailed to Guild's stockholders. INVESTORS ARE URGED TO CAREFULLY READ THE INFORMATION STATEMENT REGARDING THE PENDING TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PENDING TRANSACTION. These documents will be available at no charge on the SEC's website at In addition, documents will also be available for free on Guild's website at
