Stock Market Movers

NEW ORLEANS, Aug. 14, 2020 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 13, 2020 to file lead plaintiff applications in a securities class action lawsuit against Cabot Oil & Gas Corporation (NYSE: COG), if they purchased the Company's securities between October 23, 2015, and June 12, 2020, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of Texas.
SHANGHAI, Aug. 14, 2020 /CNW/ -- On August 5th, Shanghai Electric Group Company Limited (Shanghai Electric), the world's leading manufacturer and supplier of electric power generation equipment, industrial equipment and integration services, was named the 48th most valuable Chinese brand in the World Brand Conference's official 2020 "China's 500 Most Valuable Brands" list. This marks a more than 30% increase in brand value from 2019 to 105.637 billion yuan and puts Shanghai Electric at the head of China's energy industry.
NEW YORK, Aug. 14, 2020 WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Churchill Capital Corp III ("CCXX" or the "Company") (NYSE: CCXX) in connection with the Company's proposed merger with privately-held healthcare cost management company MultiPlan, Inc. ("MultiPlan"). Under the terms of the merger agreement, CCXX will fold into MultiPlan and cease to exist, resulting in one publicly-traded entity with existing MultiPlan investors. This structure will result in current MultiPlan equity holders and new PIPE investors owning 62% of the surviving entity, with former public shareholders of CCXX owning from 16% to as little as 4.2% of the newly-combined company.
NEW YORK, Aug. 14, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Software Acquisition Group, Inc. ("SAQN" or the "Company") (NASDAQ: SAQN) in connection with SAQN's merger with privately-held Curiosity Stream Inc. ("CuriosityStream"). Under the terms of the proposed transaction, a newly formed wholly-owned subsidiary of SAQN will acquire CuriosityStream through a reverse merger and result in CuriosityStream becoming a publicly-listed company. The deal has an enterprise value of approximately $331 million and equity value of approximately $512 million. Following the consummation of the transaction, existing SAQN stockholders (other than the founders) and PIPE investors are expected to own only 34% of the combined entity.