Another Recount Won't Be Ordered in a North Carolina Court Race, but Protests Are Ahead
ATLANTA , Dec. 10, 2024 /PRNewswire/ -- Cousins Properties Incorporated (the "Company") (NYSE: CUZ) today announced that it has commenced an underwritten public offering of 9,500,000 shares of its common stock. The Company intends to use the net proceeds of the offering to fund a portion of the purchase price of an office property in Downtown Austin . If this acquisition is not consummated, the net proceeds will be used for general corporate purposes, including the acquisition and development of office properties, other opportunistic investments and the repayment of debt. J.P. Morgan will serve as the sole book-running manager for the offering. This offering will be made pursuant to a prospectus supplement to the Company's prospectus dated May 8, 2024 , filed as part of the Company's effective shelf registration statement relating to the shares. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares described herein or any other securities, nor shall there be any sale of these shares in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or other jurisdiction. The offering may be made only by means of a prospectus supplement and the related prospectus. Before you invest, you should read the prospectus supplement, the prospectus and other documents filed with the Securities and Exchange Commission for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov . Alternatively, a copy of the prospectus supplement and the prospectus relating to the shares can be obtained by contacting the underwriter as follows: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com . About Cousins Properties Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets. The Company has a comprehensive strategy in place based on a simple platform, trophy assets and opportunistic investments. Forward-Looking Statements Certain matters discussed in this press release are forward-looking statements within the meaning of the federal securities laws and are subject to uncertainties and risk and actual results may differ materially from projections, including matters related to the commenced public offering and intended use of proceeds. Readers should carefully review the Company's financial statements and notes thereto, as well as the risk factors described in Part I, Item 1A of the Company's Annual Report on Form 10-K for the year ended December 31, 2023 and in Part II, Item 1A of the Company's Quarterly Reports on Form 10-Q for the quarters ended June 30, 2024 and September 30, 2024 , and other documents the Company files from time to time with the Securities and Exchange Commission. Such forward-looking statements are based on current expectations and speak as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise. Contact: Roni Imbeaux Vice President, Finance and Investor Relations Cousins Properties 404-407-1104 rimbeaux@cousins.com View original content: https://www.prnewswire.com/news-releases/cousins-properties-announces-public-offering-of-9-500-000-shares-of-common-stock-302328164.html SOURCE Cousins Properties
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Nasdaq surges above 20,000 after US inflation data matches estimates(The Center Square) – Bob Casey Jr. is finally ready to say goodbye. Seventeen days after the polls closed, the two-term Democratic senator called Republican challenger Dave McCormick to congratulate him on his win. “As the first count of ballots is completed, Pennsylvanians can move forward with the knowledge that their voices were heard, whether their vote was the first to be counted or the last,” he said in a video posted on X . The concession comes after 16 of 67 counties finished recounting ballots cast, with results showing Casey falling even further behind. Of 702,000 ballots tallied again, McCormick, who declared victory three days after the election, increased his lead by seven votes. During my time in office, I have been guided by an inscription on the Finance Building in Harrisburg: “All public service is a trust, given in faith and accepted in honor.” Thank you for your trust in me for all these years, Pennsylvania. It has been the honor of my lifetime. pic.twitter.com/RSXEFwdge8 The close margin – less than 17,000 ballots or 0.2% – triggered an automatic recount last week, to which Casey could have objected. Counties have until Tuesday to finish the job. Elizabeth Gregory, spokeswoman for McCormick, said in a release “there’s only five more days until the obvious happens.” “Another day closer to this waste of time and money being over,” she said. “We all know how this will end. We’ll be there in five days.” The campaign had maintained there were not enough votes left in the state to overcome the gap . Chief strategist Mark Harris said Casey’s decision to opt for the recount, estimated to cost $1 million, won’t change things. The Associated Press, reached the same conclusion on Nov. 7 when declaring the former hedge fund CEO turned Republican nominee the winner . The flip padded the Republican majority in the U.S. Senate to 53-47 and ended the Casey family’s six-decade presence in state and national political office. “During my time in office, I have been guided by an inscription on the Finance Building in Harrisburg: ‘All public service is a trust, given in faith and accepted in honor,’” Casey said. “Thank you for your trust in me for all these years, Pennsylvania. It has been the honor of my lifetime.” Get any of our free email newsletters — news headlines, sports, arts & entertainment, state legislature, CFD news, and more.
J.K. Dobbins and Alohi Gilman are placed on injured reserve by ChargersLiberty Global Schedules Investor Call for Full-Year 2024 ResultsIf you’re a Canadian who’s given into the home-country bias, you may be overexposed to TSX stocks and underexposed to some of the best-in-breed artificial intelligence ( ) winners out there, most notably the Magnificent Seven stocks. Indeed, the relative outperformed of the Magnificent Seven has been quite pronounced, with some calling for the group to slow down while the rest of the stock market catches up. Either way, I think the Magnificent Seven is a group of companies that probably won’t slow down anytime. Not while they’re continuing to pour large sums of cash into AI projects, many of which could start pulling in sizeable profits in the not-too-distant future. And while I still think Canadian investors should pick up the Canadian market bargains while they’re sitting around, the Magnificent Seven names more or less seem like must-owns at this point in time. At the end of the day, AI technologies stand out as revolutionary. And for Canadian investors seeking to do better than the TSX Index over the next decade, I’d say it’s going to be tougher if you don’t have the right exposure to the top U.S. mega-cap titans. In this piece, we’ll look at two names from the group that I view as essential. And while today’s valuations may not entail immense value, I view both stocks as worthy of a radar. Perhaps the new year will bring a correction that serves as a great buying opportunity for those Canadian investors looking to top up. Apple ( ) stock just hit a new all-time high of just over $243 per share. At just shy of 40 times trailing price to earnings (P/E), shares of the iPhone maker are close to the priciest they’ve been in a very long time. Despite the seemingly hefty valuation, I view some timely catalysts on the horizon that may just help AAPL run higher into 2026. Undoubtedly, Apple Intelligence is a technology that may finally give users who are hanging onto older models (many of whom are likely waiting for a major hardware redesign) a reason to head over to the local Apple Store to pick up the latest model. Apple’s next-generation silicon will be designed with Apple Intelligence in mind. As ChatGPT integration rolls out shortly while the firm continues adding its own AI innovations, perhaps the hefty premium on the stock is warranted, given the potential for iPhone sales to kick things up a notch. Meta Platforms ( ) is another Magnificent Seven AI beneficiary that strikes me as an essential component of any portfolio aiming to top the TSX Index over the long run. Unlike AAPL, shares actually look cheap at just 28.7 times trailing P/E. Moving ahead, Meta is pulling no punches when it comes to AI. It wants to land the knockout punch, and I think it’s well-positioned to do this under the great Mark Zuckerberg. He’s the last of the Magnificent Seven founders to remain as chief executive officer. And I’d argue his stewardship is more than worth paying up for. As the company spends billions on data centers and AI projects (think the Llama model), Meta could emerge as a relative value gem compared to its far-pricier AI software peers.
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