Latest news with #SeanO'Connor
Irish Independent
25-05-2025
- Sport
- Irish Independent
Ireland U-17s to face Paraguay, Uzbekistan and Panama in World Cup
Sean O'Connor Today at 14:58 Ireland's U-17s will face Paraguay, Uzbekistan and Panama in Group J in their first World Cup finals later this year. Colin O'Brien's side made history last March by becoming the first Irish side to qualify for the U-17 World Cup on account of their runners-up finish in Euro qualifying, and have today learned their group opponents for the tournament in Qatar, which kicks off on November 3.
Irish Independent
16-05-2025
- Sport
- Irish Independent
League of Ireland: All tonight's action as it happens
Just now The Union of European Clubs has signed up 125 clubs in 25 European leagues, including Ireland, with a proposal to allocate more UEFA funding to support clubs who bring through players from their academies. Several Irish sides could benefit: Irish clubs would gain six-figure fees from UEC plan on player development First Division side UCD would be in line for a boon of over €400,000 in solidarity payments from UEFA Champions League prize money if a proposal by lobby group Union of European Clubs is taken on board by UEFA. 4 minutes ago Some pre-match watching for you all – Aidan Fitzmaurice and Sean O'Connor preview tonight's round of League of Ireland action: 7 minutes ago Good evening and welcome to another live blog covering Matchday 16 of the League of Ireland Premier Division. My name is Ultán Corcoran, and I will be keeping you up to speed with all the action it unfolds around the grounds. We have five games kicking off at 7.45pm tonight as Bohemians host reigning champions Shelbourne with televised coverage on Virgin Media Two. We will also have updates from Drogheda United vs Derry City, Galway United vs Sligo Rovers, Athletic vs Cork City and Waterford vs Shamrock Rovers
Yahoo
14-04-2025
- Business
- Yahoo
R.J. O'Brien Agrees to Acquisition by StoneX Group
Combination Strengthens Firms' Position as a Leading Futures Brokerage and Clearing Firm CHICAGO and NEW YORK, April 14, 2025 /PRNewswire/ -- R.J. O'Brien & Associates (RJO), the oldest futures brokerage and clearing firm in the United States, announced today that its parent company has reached a definitive agreement with StoneX Group Inc. (NASDAQ: SNEX), to merge all of RJO's global businesses into StoneX, subject to regulatory approvals and customary closing conditions. Upon the closing of the transaction, anticipated in the third quarter of this year, the combined firm will become a leading futures commission merchant (FCM) in the U.S., enhancing its role in the global financial market structure. StoneX is a Fortune 100 company with operations in six continents and a market capitalization of over $3.5 billion. Privately held R.J. O'Brien has offices and affiliates in North America, Europe, the Middle East and Asia. Sean O'Connor, Executive Vice-Chairman of StoneX, said: "This is a transformational transaction for StoneX, establishing us as a leading global derivatives clearing firm and reinforcing our position as an integral part of the global market structure across asset classes. Combining R.J. O'Brien's extensive client network and proven clearing capabilities with StoneX's deep liquidity, innovative OTC hedging solutions and leading risk management infrastructure, we are well-positioned to continue to deliver exceptional services, broader market access and industry-leading solutions to our combined client base. We are very pleased that Gerry Corcoran, who has been the CEO and driving force behind RJO, will continue on with StoneX in a senior leadership role." RJO Chairman and CEO Gerry Corcoran said: "We're extraordinarily excited about this partnership between two great companies that each bring over a century of history in the futures industry and complementary capabilities, products, services and cultures. We both prioritize a profound commitment to our clients and a focus on prudent risk management. RJO's clients will continue to enjoy the same enduring relationships with the brokers they know so well and the high level of service they know they can expect from us. In addition to all the products we offer today, our clients and brokers will have a plethora of new products and services across asset classes available at their fingertips, bringing meaningful new trading and hedging opportunities. At the same time, our organization will benefit from new efficiencies, premier technologies and greater growth potential." Speaking on behalf of the O'Brien family, the majority shareholders in RJO, Board member Bob O'Brien, Jr. said: "This transaction is the right step to take for all of our stakeholders to ensure we carry on the values that have made the firm successful while putting us in the strongest position to compete and meet the challenges of the evolving financial landscape. StoneX was founded just 10 years after my grandfather, John V. McCarthy, started our firm in 1914. Like RJO, it was one of the earliest clearing members of the Chicago Mercantile Exchange. So many of our family members have been privileged to lead the company and provide guidance and counsel. We feel so close to our clients, brokers and employees; they're extended family to us. This merger is the natural next step in the history of the company, and the O'Brien family is enthusiastic about playing a new role as major shareholders in another great company that will build on that legacy." RJO Board member John O'Brien, Jr. said: "My father, John O'Brien, Sr. – and his father before him, Robert J. O'Brien, Sr. – led the firm to new heights. My dad worked harder than anyone I have ever met, and his focus on integrity and profound impact on the business were matched only by how much he loved to talk about and spend time with RJO's clients, brokers and amazing employees. He would be the number one advocate for this transaction because it makes so much sense for all of our stakeholders – from employees and brokers to clients and shareholders. My father always said, 'If you're not growing, you're dying.' Gerry has done an incredible job leading the company and driving growth for over two decades while remaining true to our family's principles. He found just the right home for us with StoneX. Both RJO and StoneX have remained leaders in the industry, evolving with the times and expanding to ensure clients were best served. Moving forward together is the best way to stay a leader in this space and operate at an even higher level." Broadhaven Capital Partners is serving as exclusive financial advisor to RJO, and Mayer Brown LLP is serving as its legal advisor. The StoneX announcement about the transaction can be found at StoneX will host a conference call to discuss the transaction today at 9:00 a.m. Eastern time. A live web cast of the conference call as well as additional information to review during the call will be made available in PDF form on-line on the StoneX corporate web site at approximately ten minutes prior to the start time. Participants may preregister for the conference call here. About R.J. O'Brien Founded in 1914, R.J. O'Brien & Associates is the oldest independent futures brokerage and clearing firm in the United States, serving more than 75,000 institutional, commercial and individual clients globally, in addition to a network of approximately 300 introducing brokers (IBs). RJO services the industry's most expansive global network of IBs, a vast array of middle market firms and many of the world's largest financial, industrial and agricultural institutions. The firm offers state-of-the-art electronic trading and 24-hour trade execution on every major futures exchange worldwide. RJO received the FOW International Award for Non-Bank FCM of the Year for five consecutive years, and the firm and its UK affiliate have earned eight honors from the HFM Global publications (now With Intelligence) in recent years. About StoneX Group Inc. StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune 100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its more than 4,400 employees serve more than 54,000 commercial, institutional, and payments clients, and more than 400,000 retail accounts, from more than 70 offices spread across six continents. Further information on the Company is available at View original content to download multimedia: SOURCE R.J. O'Brien & Associates Sign in to access your portfolio
Associated Press
14-04-2025
- Business
- Associated Press
StoneX to Acquire R.J. O'Brien, Creating a Market Leader in Global Derivatives
NEW YORK, April 14, 2025 (GLOBE NEWSWIRE) -- StoneX Group Inc. (NASDAQ: SNEX) ('StoneX') today announced that it has entered into a definitive agreement to acquire R.J. O'Brien ('RJO'), the oldest futures brokerage in the U.S., for an equity value of approximately $900 million. The purchase price will be paid in a combination of cash and shares of StoneX common stock. StoneX will also assume up to $143 million of RJO debt. The acquisition significantly strengthens StoneX's position as a leading FCM and enhances its role as an essential part of the global financial market structure, offering institutional grade execution, clearing, custody, and prime brokerage across all asset classes. With over 110 years of futures and clearing expertise, RJO, through its FCM and global affiliates, supports over 75,000 client accounts and serves the industry's largest global network of introducing brokers ('IBs'), as well as commercial and institutional clients, and individual investors. As a result of the acquisition, RJO's clients will benefit from StoneX's extensive range of markets, products, and services, including an expansive over-the-counter ('OTC') hedging platform, physical commodities hedging, financing, and logistic services, as well as access to deep liquidity across fixed income products. The acquisition expands StoneX's client float by nearly $6 billion, adds nearly 300 IBs to its network, and is projected to increase cleared listed derivatives volume by ~190 million contracts annually. RJO brings an attractive financial profile to StoneX, having generated $766 million in revenue and approximately $170 million in EBITDA during calendar 2024. Sean O'Connor, Executive Vice-Chairman of StoneX, commented on the transaction: 'This is a transformational transaction for StoneX, establishing us as a leading global derivatives clearing firm and reinforcing our position as an integral part of the global market structure across asset classes. Combining R.J. O'Brien's extensive client network and proven clearing capabilities with StoneX's deep liquidity, innovative OTC hedging solutions, and leading risk management infrastructure, we are well-positioned to continue to deliver exceptional services, broader market access, and industry-leading trading solutions to our combined client base. We are very pleased that Gerry Corcoran, who has been the CEO and driving force behind RJO, will continue on with StoneX in a senior leadership role.' Gerry Corcoran, Chairman and CEO of RJO, spoke to the significance of the deal: 'We're extraordinarily excited about this partnership between two great companies that each bring over a century of history in the futures industry and complementary capabilities, products, services, and cultures. We both prioritize a profound commitment to our clients and a focus on prudent risk management. In addition to all the products we offer today, our clients and brokers will have a plethora of new products and services across asset classes available at their fingertips, bringing meaningful new trading and hedging opportunities. At the same time, our organization will benefit from new efficiencies, premier technologies, and greater growth potential.' Financing, Balance Sheet Impact, and Approvals StoneX is acquiring RJO for approximately $900 million in equity value, comprised of $625 million in cash and approximately 3.5 million shares of StoneX common stock, each subject to customary purchase price adjustments. StoneX has obtained fully committed bridge financing for the cash portion of the consideration and plans to issue approximately $625 million of long-term debt prior to the closing date. The transaction is expected to close in the second half of 2025, subject to regulatory approvals and customary closing conditions. Advisors Bank of America is acting as exclusive financial advisor to StoneX and is providing committed debt financing for the acquisition. Davis Polk & Wardwell LLP is serving as StoneX's legal counsel. Broadhaven Capital Partners is acting as exclusive financial advisor to RJO, and Mayer Brown LLP is serving as its legal advisor. Webcast and Conference Call Information The Company will host a conference call to discuss the transaction today at 9:00 a.m. Eastern time. A live webcast of the conference call as well as additional information to review during the call will be made available in PDF form online on the Company's corporate website at approximately ten minutes prior to the start time. Participants may preregister for the conference call here. About StoneX Group Inc. StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The Company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune-100 company headquartered in New York City and listed on the Nasdaq Global Select Market (NASDAQ: SNEX), StoneX Group Inc. and its more than 4,600 employees serve more than 54,000 commercial, institutional, and global payments clients, and more than 400,000 self-directed/retail accounts, from more than 80 offices spread across six continents. Further information on the Company is available at About R.J. O'Brien Founded in 1914, R.J. O'Brien & Associates is one of the leading futures brokerage and clearing firms in the United States, serving more than 75,000 institutional, commercial and individual clients globally, in addition to a network of approximately 300 IBs. RJO services the industry's most expansive global network of IBs, a vast array of middle market firms and many of the world's largest financial, industrial and agricultural institutions. The firm offers state-of-the-art electronic trading and 24-hour trade execution on every major futures exchange worldwide. RJO received the FOW International Award for Non-Bank FCM of the Year for five consecutive years, and the firm and its UK affiliate have earned eight honors from the HFM Global publications (now With Intelligence) in recent years. Cautionary Note Regarding Forward-Looking Statements Statements in this release that are not historical facts are 'forward-looking' statements and 'safe harbor statements' within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and/or uncertainties, including those described in StoneX's public filings with the Securities and Exchange Commission. Forward-looking statements are based on management's current expectations and assumptions and not on historical facts. Examples of these statements include, but are not limited to, statements about the benefits of the proposed acquisition of RJO, including expected synergies and future financial and operating results, the plans, objectives, expectations and intentions of StoneX after the acquisition, the expected timing to close the acquisition and the expected use of proceeds of any debt financing. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Therefore, we caution you against relying on any of these forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated in such forward-looking statements include the risks related to the proposed acquisition and the integration of RJO as well as the risks and other factors described in StoneX's periodic reports filed with the Securities and Exchange Commission. In providing forward-looking statements, StoneX is not undertaking any duty or obligation to update these statements publicly as a result of new information, future events or otherwise, except as required by law. If StoneX updates one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those other forward-looking statements. Media Contact: Cognito Media [email protected] Investor Relations Inquiries: Kevin Murphy (212) 403 - 7296 [email protected] SNEX-G
Yahoo
29-01-2025
- Business
- Yahoo
Netflix raising prices again: What consumers should know
DAYTON, Ohio (WDTN) — Netflix is raising prices once again for its customers, as other streaming services are doing the same. Experts say these companies are passing the costs of creating original content down to its customers — and many are not happy. 2 NEWS spoke with Sean O'Connor, an assistant professor of digital media at Cedarville University, who shared more about the impact on customers and the future of the streaming industry. Netflix raising its prices across the board O'Connor says what these companies are facing is that there's just not enough new people signing up to justify how much money they are spending on creating original content. 'As times change, and companies bleed money, there's got to be a way to justify cost, and that comes down to the consumer,' said O'Connor. Netflix just announced they will be raising their prices by $1 to $2 per month, leaving many people frustrated. 2 NEWS viewers weighed in on Facebook, with some saying they'll stop using the platform entirely. Others say they're making the switch back to physical media. O'Connor says the likely reason you'll be paying more for Netflix — the 2020 COVID pandemic oversaturated the streaming market. 'The amount of subscribers that Netflix and other sites accumulated sort of plateaued. And so what that leads to then is all these companies saying, well, the bubbles burst,' said O'Connor. In recent years, we've seen Netflix end password sharing and raise prices in an attempt to increase revenue. And other streaming services have followed suit — Hulu Max and Disney+ have all raised prices in recent months. O'Connor says these companies will have to shift their focus to retain their customers. 'It's going to take really quality content as well as resonating with audiences to get us back on track,' said O'Connor. O'Connor agreed with some of our viewers, saying price increases may encourage people to switch back to buying physical copies of their favorite shows and movies instead of paying monthly for it. But he says a lot of people would have to make the switch to stop prices from going up. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
