Latest news with #SVT
Yahoo
a day ago
- Business
- Yahoo
Servotronics Deal Rewrite Ignites Shareholder Value
Servotronics, Inc. (NYSE:SVT) announced that the company, along with TransDigm Group Incorporated (NYSE:TDG), has made adjustments to the Agreement and Plan of Merger, raising the tender offer price to $47 per share from $38 per share in cash for all outstanding shares. This decision was taken soon after the company received an unsolicited takeover proposal from a third party. While the external offer is not the one that can be prioritized, it signals enhanced shareholder value. A close-up of a scientist's hands manipulating a high-powered microscope to view cells. The servo-control components provider, encompassing manufacturing capabilities for aircraft, jet engines, and missiles, signifies a specialized acquisition prey in the aerospace supply chain. Although the transaction still faces the regulatory approval process and closing conditions, among other challenges, the acquisition perfectly syncs with TransDigm's portfolio expansion plans. This is a major factor in the current stock movement, with investors reacting positively to this update, translating to a stock rise. Now that the news is out, investors are staying tuned for the next move, hoping the tender offer delivers even more attractive returns. SVT has surged by nearly 328% since the start of 2025. While we acknowledge the potential of SVT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SVT and that has 100x upside potential, check out our report about the READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure. None.
Yahoo
2 days ago
- Business
- Yahoo
Servotronics Deal Rewrite Ignites Shareholder Value
Servotronics, Inc. (NYSE:SVT) announced that the company, along with TransDigm Group Incorporated (NYSE:TDG), has made adjustments to the Agreement and Plan of Merger, raising the tender offer price to $47 per share from $38 per share in cash for all outstanding shares. This decision was taken soon after the company received an unsolicited takeover proposal from a third party. While the external offer is not the one that can be prioritized, it signals enhanced shareholder value. A close-up of a scientist's hands manipulating a high-powered microscope to view cells. The servo-control components provider, encompassing manufacturing capabilities for aircraft, jet engines, and missiles, signifies a specialized acquisition prey in the aerospace supply chain. Although the transaction still faces the regulatory approval process and closing conditions, among other challenges, the acquisition perfectly syncs with TransDigm's portfolio expansion plans. This is a major factor in the current stock movement, with investors reacting positively to this update, translating to a stock rise. Now that the news is out, investors are staying tuned for the next move, hoping the tender offer delivers even more attractive returns. SVT has surged by nearly 328% since the start of 2025. While we acknowledge the potential of SVT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SVT and that has 100x upside potential, check out our report about the READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure. None.
Yahoo
3 days ago
- Entertainment
- Yahoo
Stockholm music competition cancelled at Historical Museum over Russian ties
The Stockholm International Music Competition (SIMC) has been linked to Russian state institutions, prompting the Historical Museum in Stockholm to cancel its hosting of the event, following an investigation by Swedish broadcaster SVT. Source: SVT Nyheter Quote: "The competition was to be held at the Historical Museum and at the Nacka Music School. After the ties with Russia became apparent, the Historical Museum terminated the agreement with the competition, but the music school did not." Details: The Swedish government issued a directive in 2022 that Swedish cultural institutions should not cooperate with Russian state entities. Journalists found out that the entrance fee for the competition is paid to a Russian bank, and 14 jury members are employees of Russian state institutions that publicly support the war in Ukraine. The partner of the competition is Herzen University in St Petersburg in Russia, which also supports the war and sent humanitarian aid to Russian forces. Director of the Historical Museum Åsa Marnell, in a conversation with journalists, replied that she did not know about the Russian connection. The final concert of the competition has been held at the Historical Museum for several years, even after Russia's full-scale invasion of Ukraine. After an interview with SVT, the Historical Museum announced the termination of cooperation with the competition, "since this is contrary to the policy of the authorities." Several more stages of the competition take place at the Nacka Music School. Operations manager Catharina Grunér Kronqvist also commented that she did not know about ties with Russia. However, this week's competition will not be cancelled. The organisers of the international music competition deny ties with Russia. In particular, the co-founder of the competition, Galina Ehrngren, noted that "there is no politics in competitions. It's just music, nothing else." However, she added that they did not know that the Russian state university supported the war. What is known about the international competition and relations with Russia Journalists report that the competition was created in 2009 by two Russian musicians called the Savshinsky International Competition in St Petersburg. A year later, one of the founders, Dmitry Mikhaylov, launched a similar competition in Stockholm with pianist Galina Ehrngren and violinist Anna Sundin. Since then, Swedish competitions have been held annually. Mikhaylov is registered in St Petersburg as an individual entrepreneur. In the information about the competition, Russian participants who cannot use bank cards after the suspension of SWIFT are asked to pay the entrance fee directly to his account with the sanctioned bank Sberbank. Journalists found the final concert of the Savshinsky competition in 2025, where Mikhaylov says from the stage that he "organises a similar competition in Stockholm". In the same video, Galina Ehrngren appears as a member of the jury. She was identified using the Amazon Rekognition facial recognition tool. In addition, the official rules of the competition list jury members "from many countries", but there is not a single mention of Russia. Thanks to a search in open Russian sources, SVT was able to find 18 out of 47 jury members of Russian origin. Of these, 14 work in state cultural or educational institutions that directly support the invasion of Ukraine. In particular, several jury members work at Herzen University in St Petersburg. This university signed the appeal of the Russian Rectors' Union in support of Vladimir Putin and the army, and the university also sends humanitarian aid to Russian forces. Some also work at the Rimsky-Korsakov Conservatory. The university has its own patriotic programmes, including discounts and concerts for military personnel. Some members of the jury work at the Mariinsky Theatre, which since the spring of 2023 has been providing free tickets to theatre and concert performances to soldiers participating in Russia's war and their families. Support Ukrainska Pravda on Patreon!
Miami Herald
3 days ago
- Entertainment
- Miami Herald
Jerry Lewis Holocaust Comedy Movie Believed Lost Discovered After 45 Years
Jerry Lewis' infamous Holocaust clown comedy movie that was believed to have been lost for over four decades has been discovered in the bank vault of a Swedish actor. The Day the Clown Cried, Lewis's never-released film, shot in Stockholm in 1972, was believed to exist only in incomplete fragments. Now, Swedish producer and actor, Hans Crispin, best known for his role in the 1988 Swedish comedy TV series Angne & Svullo, has revealed he has a copy. "I have the only copy," he told Swedish broadcaster SVT, The National reported. "I stole it from Europafilm in 1980 and copied it to VHS in the attic, where we used to duplicate films at night." "I've kept the copy in my bank vault," Crispin added. This is a developing story and will be updated Related Articles 'A Minecraft Movie' Hits HBO Max for Free Streaming in June: What to KnowSinners Gets New Digital Release Date – How To WatchHow To Watch the New Jesse Armstrong Film 'Mountainhead'Best Films to Watch in June 2025 2025 NEWSWEEK DIGITAL LLC.
Newsweek
3 days ago
- Entertainment
- Newsweek
Jerry Lewis Holocaust Comedy Movie Believed Lost Discovered After 45 Years
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Jerry Lewis' infamous Holocaust clown comedy movie that was believed to have been lost for over four decades has been discovered in the bank vault of a Swedish actor. The Day the Clown Cried, Lewis's never-released film, shot in Stockholm in 1972, was believed to exist only in incomplete fragments. Now, Swedish producer and actor, Hans Crispin, best known for his role in the 1988 Swedish comedy TV series Angne & Svullo, has revealed he has a copy. "I have the only copy," he told Swedish broadcaster SVT, The National reported. "I stole it from Europafilm in 1980 and copied it to VHS in the attic, where we used to duplicate films at night." "I've kept the copy in my bank vault," Crispin added. This is a developing story and will be updated
