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Globe and Mail
6 hours ago
- Business
- Globe and Mail
Transom Capital and SigmaTron International Announce Expiration of Tender Offer
LOS ANGELES and ELK GROVE VILLAGE, Ill., July 25, 2025 (GLOBE NEWSWIRE) -- Transom Capital Group, LLC ('Transom') and SigmaTron International, Inc. (NASDAQ: SGMA) ('SigmaTron'), today announced that the tender offer to purchase all of the issued and outstanding shares of common stock, par value $0.01 per share ('Shares') of SigmaTron at a purchase price of $3.02 per Share, net to the stockholder in cash without interest and less any required tax withholding (the 'Offer'), expired as scheduled at one minute past 11:59 p.m., Eastern Time, on July 24, 2025 and was not extended (such date and time, the 'Expiration Date'). Equiniti Trust Company, LLC, the depositary and paying agent for the Offer, has advised Transom that, as of the Expiration Date, 4,401,189 Shares were validly tendered and not validly withdrawn in the Offer, representing 71.9% of the issued and outstanding Shares as of the Expiration Date. Accordingly, all conditions to the Offer have been satisfied. Transom and its affiliate, Transom Axis MergerSub, Inc. ('Merger Sub'), will promptly accept for payment, and will promptly pay for, all Shares validly tendered and not validly withdrawn in the Offer. The parties expect to consummate the acquisition on July 28, 2025, in accordance with, and subject to the terms of, the definitive agreement for the proposed acquisition. Advisors Kirkland & Ellis LLP is serving as legal advisor to Transom. Lincoln International is serving as exclusive financial advisor for SigmaTron; Greenberg Traurig, LLP and Howard & Howard Attorneys PLLC are serving as legal advisors for SigmaTron. About Transom Capital Group Transom is a leading operationally-focused private equity firm that thrives in complexity, specializing in identifying and unlocking value in the middle market. Founded in 2008 and headquartered in Los Angeles, Transom has established a strong track record across various economic cycles by employing a time-tested, operationally intensive strategy to drive transformative outcomes. Transom's expertise spans corporate carve-outs, lender-owned businesses, undervalued public companies, and other complex situations requiring speed, flexibility, and precision. Supported by a large in-house operations team, Transom delivers tailored solutions backed with functional expertise to help companies unlock their full potential. Transom's sector-flexible approach is grounded in pattern recognition, value creation, and disciplined execution. The firm provides not only capital, but also the tools, insights, and operational capabilities necessary to accelerate performance and create long-term value. For more information, visit About SigmaTron Headquartered in Elk Grove Village, Illinois, SigmaTron operates in one reportable segment as an independent provider of electronic manufacturing services ('EMS'). The EMS segment includes printed circuit board assemblies, electro-mechanical subassemblies and completely assembled (box-build) electronic products. SigmaTron and its wholly-owned subsidiaries operate manufacturing facilities in Elk Grove Village, Illinois; Acuna, Chihuahua, and Tijuana, Mexico; Union City, California; Suzhou, China; and Biên Hòa City, Vietnam. In addition, SigmaTron maintains an International Procurement Office and Compliance and Sustainability Center in Taipei, Taiwan. Additional Information and Where to Find It In connection with the proposed acquisition of SigmaTron, an affiliate of Transom ('Merger Sub') commenced a tender offer for all of the outstanding shares of common stock of SigmaTron. This communication is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of SigmaTron. It is also not a substitute for the tender offer materials that Transom Axis AcquireCo, LLC ('Parent') and Merger Sub filed with the SEC upon commencement of the tender offer. At the time that the tender offer commenced, Parent and Merger Sub filed tender offer materials on Schedule TO with the SEC, and SigmaTron filed a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the tender offer. THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS), THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9, AND ANY OTHER RELEVANT DOCUMENTS FILED BY SIGMATRON, PARENT OR MERGER SUB CONTAIN IMPORTANT INFORMATION THAT SHOULD BE READ CAREFULLY AND CONSIDERED BY SIGMATRON'S STOCKHOLDERS BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER OFFER. A free copy of these materials will be available to SigmaTron's stockholders by visiting the SigmaTron's website ( In addition, these materials (and all other documents filed by SigmaTron, Parent and Merger Sub with the SEC) will be available at no charge on the SEC's website ( upon filing with the SEC. The information contained in, or that can be accessed through, the SigmaTron's or Transom's respective websites is not a part of, or incorporated by reference herein. Forward-Looking Statements Certain statements contained in this press release are 'forward-looking statements.' Words such as 'continue,' 'anticipate,' 'will,' 'expect,' 'believe,' 'plan,' and similar expressions identify forward-looking statements. These forward-looking statements are based on the current expectations of SigmaTron. All statements, other than statements of historical fact, are forward-looking statements. These forward-looking statements include, among others, statements relating to SigmaTron's or Transom's future financial performance, business prospects and strategy, and expectations with respect to the tender offer and the merger, including the timing thereof and SigmaTron's and Transom's ability to successfully complete such transaction and realize the anticipated benefits. Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, among others, the risks and uncertainties inherent in the tender offer and the merger, including, among other things, (i) the possibility that competing offers will be made, (ii) the ability to obtain requisite regulatory approvals, (iii) the ability to satisfy the conditions to the closing of the tender offer and the merger, (iv) the expected timing of the merger, (v) the possibility that the merger will not be completed, (vi) difficulties or unanticipated expenses in connection with integrating the parties' operations, products and employees and the possibility that anticipated synergies and other anticipated benefits of the transaction will not be realized in the amounts expected, within the expected timeframe or at all, (vii) the effect of the announcement of the tender offer and the merger on SigmaTron's and Transom's business relationships (including, without limitations, partners and customers), (viii) the risk that SigmaTron's stock price may fluctuate during the pendency of the transaction, (ix) the diversion of SigmaTron's or Transom's respective management's time and attention from ongoing business operations and opportunities, (x) the response of competitors and other market participants to the transaction, (xi) potential litigation relating to the transaction, (xii) uncertainty as to timing of completion of the transaction and the ability of each party to consummate the transaction, (xiii) the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, (xiv) the expected tax treatment of the transaction, (xv) the impact of global macroeconomic conditions and supply chain challenges on SigmaTron's business and (xvi) other circumstances beyond SigmaTron's and Transom's control. You should not place undue reliance on these forward-looking statements. Certain of these and other risks and uncertainties are discussed in SigmaTron's and Transom's filings with the SEC, including the Schedule TO (including the offer to purchase, letter of transmittal and related documents) Transom and its acquisition subsidiary have filed and may in the future file with the SEC, the Solicitation/Recommendation Statement on Schedule 14D-9 that SigmaTron have filed and may in the future file with the SEC, and SigmaTron's most recent Form 10-K and Form 10-Q filings with the SEC. Except as required by law, neither SigmaTron nor Transom undertakes any duty to update forward-looking statements to reflect events after the date of this press release.
Fox News
a day ago
- Sport
- Fox News
Shohei Ohtani homers again as the Dodgers beat the Twins
Los Angeles' slugger hit a home run for a fifth straight game as the Dodgers beat Minnesota on a walk-off single on Wednesday. #MLB #Dodgers #Baseball Learn more about your ad choices. Visit FOX News Radio
New York Times
a day ago
- Sport
- New York Times
Twins takeaways: Royce Lewis' re-emergence adds another wrinkle ahead of trade deadline
LOS ANGELES — As if they needed anything more to muddy the waters ahead of the trade deadline, now the Twins front office must consider this: Royce Lewis is back. Though the Twins continue to play inconsistent baseball, the team's third baseman ended an encouraging trip with another stellar showing on Wednesday afternoon. Finally demonstrating signs he's once again a dynamic hitter, Lewis homered, doubled and walked, but it wasn't enough as the Twins dropped a heartbreaking 4-3 contest at the Los Angeles Dodgers. Advertisement Freddie Freeman's two-out, two-run, bases-loaded single off Griffin Jax sent the Twins to their fourth loss in six games, a tough pill to swallow for a team determining whether to sell before next week's July 31 trade deadline. Even in the aftermath of a loss where everything that could go wrong did, several prominent Twins said the series demonstrated their best days are still ahead, with Lewis re-emerging as a threat being central to their faith. 'I believe in this team,' Twins manager Rocco Baldelli said. 'I'm focused on the fact that our guys are preparing the right way. Our guys are ready to go right now. We're playing good. We'd obviously be feeling better winning the series. You'd feel much better about that. But the big picture should never stand in the way of the small things and details that you have to do every day.' If they can continue on this path, Lewis and Carlos Correa emerging from first-half offensive slumbers would stand as a major development for a club that has been subpar for most of the season. Lewis and Correa were disappointments in the first half, neither coming close to delivering their full offensive potential. Beyond Byron Buxton, Willi Castro and decent stretches from Ryan Jeffers, Kody Clemens, Trevor Larnach and Harrison Bader, the Twins offense provided little reason to believe there's much to build around. Limited by two stints on the injured list for a left hamstring injury, Lewis never got underway. He entered Sunday with a .571 OPS and couldn't stay on the field long enough to prove he's more the hitter who starred earlier in his career instead of the player who's mostly languished over the last calendar year. But starting with Sunday's two-homer performance in Denver, Lewis woke up. Rolls Royce 😮💨 — Minnesota Twins (@Twins) July 23, 2025 And if good showings in the team's first two games in Los Angeles didn't do it already, Lewis made it clear Wednesday he's ready to excel once again. Facing Dodgers stud Tyler Glasnow, who's dominated right-handed hitters for two-plus seasons, Lewis looked comfortable in the box. He worked ahead 3-1 in the count in a third-inning at-bat before ripping a fastball at the top of the zone for a game-tying solo homer to left. Two innings later, Lewis yanked a 1-2 curveball down the left-field line for a double. Advertisement Whereas two months ago he was driving the ball to center and right-center, Lewis is once again pulling the ball in the air for power and hitting lasers to the right side. Wednesday's two extra-base hits matched the season-long production against Glasnow, against whom righties were 4-for-51 with a double and a homer. Glasnow was otherwise stellar against the Twins, striking out 12 in seven innings of one-run ball. Asked if he thinks Lewis is back, Correa shook his head yes. Correa, who also showed signs during the trip, going 5-for-16 with seven walks, thinks the Twins' offense is finally arriving. 'It's the quality of the at-bats against the pitching we've been facing,' Correa said. 'With him swinging the way he's swinging lately, definitely we've got a shot. It's a big boost to our team. If him and I keep going the way we've been going in the second half, we have a pretty good shot.' Lewis — who also jumpstarted a two-run, go-ahead rally in the eighth with a walk — declined to answer what he'd do before the trade deadline if he were the team's general manager. He noted his belief that the Twins offense can be very good and there's enough talent in the room. Mostly, Lewis reiterated what feeling good at the plate has done for him mentally after a challenging year full of injuries, slumps and more. 'It feels like playing baseball again,' Lewis said. 'There's not as much limitation. … For me, mentally, just to feel healthy again, it's huge. I'm praying it's forever. You can't control that, so enjoy the moments while you are feeling good, because this game is brutal. It'll probably throw you in a dumpster and make you hurt at some point. I've got to enjoy it while I can.' Perhaps Lewis's good mental place convinces the Twins front office to keep together a roster that has underwhelmed all season long a little bit longer. Perhaps it won't. But with another week to go, you can believe it will give Twins decision-makers Derek Falvey and Jeremy Zoll something to consider. Advertisement Here are several other Twins takeaways after a 2-4 trip to start the 'second half.' • Jax disagreed with the decision. Dodgers manager Dave Roberts called it the correct choice. Baldelli said he'd do the same over again if given the chance. With two outs in the bottom of the ninth inning and the tying run on first base, Baldelli elected to intentionally walk Shohei Ohtani, who earlier homered in a fifth straight game. Knowing the Dodgers' bench was empty, Baldelli preferred Jax face Esteury Ruiz, a speedster whose .642 career OPS is 309 points lower than Ohtani's mark. Rather than attack, Jax threw four non-competitive pitches in five and walked Ruiz, which loaded the bases for Freeman. Though Jax got ahead 0-2 in the count, he threw a 1-2 fastball down the middle. Freeman lined it to left, and Bader couldn't come up with the ball. 'It's (Baldelli's) call, but I'd like the ability to face (Ohtani) in that situation,' Jax said. 'I don't like the idea of putting the tying run in scoring position right there.' Said Roberts: 'It was the right decision. … Shohei comes up with a chance to win the game. You got to take your chances against Esteury.' Even though he wouldn't change his mind, Baldelli acknowledged the decision is one he'll play out over and over again. 'We're going to play to win the game, not going to be afraid,' Baldelli said. 'Jax is one of the best relievers in baseball. I'm going to bet on Jax to go out there, dial it in and pitch to Ruiz. Ultimately, it didn't play out the way we wanted.' • Everyone in the Twins clubhouse was disappointed when Mookie Betts wasn't rung up on a critical checked-swing call with two outs in the ninth inning. Betts appeared to go around on a 1-2 pitch from Jax, but first-base umpire Emil Jimenez signaled no swing. Betts then reached on an infield single ahead of Ohtani's walk. Advertisement • Though it didn't do anything for them in the standings, Wednesday's loss may have helped the Twins ahead of next week's deadline. After struggling for the better part of two months, Chris Paddack was dominant. Working with a fastball that touched 97 and a good changeup, Paddack once again showed swing and miss stuff. He generated 15 swings and misses in 78 pitches and looked as good as he has since striking out 10 batters in a June 1 start at the Seattle Mariners. Paddack limited Los Angeles to a run and four hits over six innings while striking out eight. What made the outing all the more impressive is how he bounced back after hanging an 0-2 curveball that Ohtani hit into the next county. 'I just kind of emptied the tank,' Paddack said. 'I was just showing my coaching staff and myself, if this is it, leave nothing out there. I was able to rare back, 96, 97.' • The Twins already knew David Festa was hurt on Tuesday when they announced Bailey Ober would make his next start at Triple-A St. Paul. Even with Festa headed to the IL with right shoulder inflammation, the Twins declined to push up Ober's timeline to fit their needs. Ober remains on track to start Friday at St. Paul. Instead of being rushed back, the right-hander gets a chance to rediscover his form in the minors without worrying about results. 'It's not a situation where I think we're going to be making drastic changes because we had another starter go on the IL,' Baldelli said. Out since June 29 with a left hip impingement, Ober feels healthy. The Twins want him to continue incorporating mechanical changes they've made and would like to see Ober hold his stuff. Though Ober's fastball hit 91.6 mph in the first inning in a four-inning rehab outing on Friday, his velocity dropped a tick below his season average. Baldelli said the outing was a step in the right direction before also noting there's work to be done. 'The results in the Triple-A game for Bailey don't matter that much,' Baldelli said. 'What matters is that we accomplish the goals that we want to accomplish.'
The Sun
a day ago
- Entertainment
- The Sun
Woman spends £73k to become Barbie but is told she looks ‘awful' and ‘ugly' – her ‘before' photo will leave you stunned
A WOMAN has revealed that she has splashed more than £73,000 to look like a real life Barbie doll. Marcela Iglesias, 47, who is from Buenos Aires and lives in Los Angeles, is obsessed with looking young and has not only had plastic surgery, but also goes for regular Botox and filler appointments too. 6 6 6 6 But since going public with her plastic look, social media users have been left totally stunned after seeing her 'before' photo. Revealing all to Truly on an episode of Hooked on the Look, the blonde beauty, who has been dubbed a 'human Barbie', explained: "I have spent between Botox, fillers, injections, surgery, tanning, hair, make-up, around $100,000 [£73,639]." Reflecting on her desire to look like the popular children's doll, Marcela, who began getting Botox in 2012 and had her breasts done in 2022, said: 'All my life, I've been trying to look like a doll. "I wanna emulate Barbie, she's my idol. I believe I can be anything I want. 'The reason that I wanted to emulate the Barbie doll is that my mother never bought me a Barbie doll. She disliked the doll. 'I love the aesthetics of the doll and wanted to look like her, not because I wasn't secure, it's just about how I perceived the doll aesthetically.' But the mum 's unique look attracts attention wherever she goes and online, she can be subject to cruel comments. She shared: "I get a lot of judgment. In the beginning it kind of bothered me. "The things they said, 'you look awful, you look ugly, you don't look like a Barbie'. 'It took me a while to process the bad comments and that people will be mean no matter what." Moment Olivia Attwood gasps 'oh my god' as Price Of Perfection star reveals incredible before and after surgery pics after £250k makeover But not ready to stop with her transformation, Marcela's next plan is butt implants, as she expressed her desire to make her derrière rounder. Reflecting on her journey, the influencer summarised: "Obviously Barbie is the icon of the dolls, but I also wanted to bring my own version to the look." Clapping back to those who dislike her look, Marcela snapped: 'They should not be judging, they should look in the mirror and judge themselves first, rather than judge somebody self.' But YouTube users were stunned by Marcela's look and many rushed to the comments to share their thoughts, with trolls out in full force. What are the risks of getting surgery abroad? IT'S important to do your research if you're thinking about having cosmetic surgery abroad. It can cost less than in the UK, but you need to weigh up potential savings against the potential risks. Safety standards in different countries may not be as high. No surgery is risk-free. Complications can happen after surgery in the UK or abroad. If you have complications after an operation in the UK, the surgeon is responsible for providing follow-up treatment. Overseas clinics may not provide follow-up treatment, or they may not provide it to the same standard as in the UK. Also, they may not have a healthcare professional in the UK you can visit if you have any problems. Source: NHS One person said: 'Where do these people get money to do these things and live the lavish lifestyle. They seem to have more money than sense.' Another added: 'She was 100000000 times better natural!' A third commented: 'She was so beautiful before the operations.' Meanwhile, someone else penned: 'Her face doesn't look like a Barbie at all.' At the same time, someone else wondered: 'Why would anyone want to look plastic? "Girl, you need to stop the surgery and pay for a good therapist.' Unlock even more award-winning articles as The Sun launches brand new membership programme - Sun Club 6 6
Forbes
2 days ago
- Automotive
- Forbes
Uber To Let Female Passengers And Drivers Opt For Women-Only Rides
Soon, Uber will let female riders select female drivers—and female drivers to choose female riders. Facing litigation from riders who claim they were sexually assaulted or harassed, Uber is introducing a feature in the U.S. that allows female drivers and passengers to ride with other women. The hope is that women will feel safer in both the passenger and driver's seats. The company announced that the pilot program will begin in Los Angeles, San Francisco and Detroit in the next few weeks. The feature allows women drivers to limit their rides to female passengers. In addition, female passengers can choose a female driver when requesting an Uber. Female passengers can also set a preference for women drivers in their app settings, which increases the likelihood of being matched with a female driver. Currently, about 20% of Uber drivers are women. 'Across the US, women riders and drivers have told us they want the option to be matched with other women on trips. We've heard them—and now we're introducing new ways to give them even more control over how they ride and drive,' Camiel Irving, Uber's vice-president of operations, wrote in a press release. A company spokesperson stated, via email, that internal surveys indicate that approximately 75% of women riders support a feature that allows them to connect with women drivers. Women have reason to be cautious. In its most recent U.S. safety report, Uber said it received 2,717 reported incidents of the 'most serious categories' of sexual assault and misconduct over the previous two years. Currently, there are over 2,300 sexual assault and harassment lawsuits against the rideshare company. The allegations in the lawsuits range in severity. In one, a Maryland woman claims that an Uber driver groped her thighs and then masturbated in front of her. When she reported the attack, she says Uber only refunded her money and promised not to match her with that driver again. One of the legal arguments in the complaints is that a gender matching feature would have helped prevent the assaults. Just a few weeks ago, the judge overseeing these cases said he would allow plaintiffs to move forward with their legal claims that argue that Uber's failure to offer a gender-matching option contributed to their assaults. While most of the complaints have been from passengers, some drivers have also reported sexual assault. In one case, a female Uber driver in Chicago said a male passenger threatened her with a gun, forced her to drive to a secluded area and sexually assaulted her. With stories like these, it's natural for female drivers to worry about picking up strangers, especially at night. However, this fear may lead women drivers to earn less than men do. Research reveals that female Uber drivers earn 7% less than their male counterparts. One explanation the researchers propose for this pay gap is that female drivers choose to drive in different locations and at different times than male drivers. The same study found that women drivers were more likely than men to quit driving for Uber within their first six months with the company. The new feature may empower female drivers and help level the playing field. Lyft introduced a similar feature in 2023, which allows female and nonbinary drivers and riders to prioritize matching with other women and nonbinary individuals. Unlike the Uber version, Lyft doesn't guarantee that drivers or riders will be paired with a woman or nonbinary person; it merely prioritizes these matches. Nonetheless, Lyft claims that 67% of eligible Lyft drivers have opted to use the feature. Uber has previously introduced other features to make riders and drivers feel safer. For example, both riders and drivers can record their trips on the app. Riders can make audio recordings, while drivers can also record video. The recordings are encrypted and not available for viewing or listening unless submitted with a safety incident to the company. The new Uber feature, which allows women to choose to ride with other women, was first introduced in 2019 in Saudi Arabia (after the country granted women the right to drive). Since its launch, it has been adopted in over 40 countries and has been used on more than 100 million trips. With so few women currently behind the wheel for Uber in the U.S., hopefully this new feature will make driving feel safer, opening doors for more women to earn on the platform.
