$RYAM

2 stories mentioning RYAMUpdated 39d ago

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Rayonier Advanced Materials (RYAM) said Monday it is exploring strategic alternatives to maximize shareholder value. The firm said it has also set up an interim office of the chief executive following the resignation of President and CEO Scott Sutton.Shares were down 10%, with intraday trading volume of over 4.8 million, versus a daily average of about 1.0 million.Foresight Autonomous (FRSX) said Monday VisionWave (VWAV) will make an equity investment of up to $17.5 million through VisionWave shares in return for up to 51% stake in Foresight. The deal closing is subject to conditions, including due diligence.Shares of VisionWave slumped 14% as intraday trading volume climbed to over 711,000 from a daily average of about 397,000.Price: $2.40, Change: $-0.01, Percent Change: -0.41%

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Wire60d ago

Rayonier Advanced Materials Explores Strategic Moves; Creates Interim Office of Chief Executive

Rayonier Advanced Materials (RYAM) said Monday it is exploring a strategic alternatives that could include selling all or part of the company, a strategic investment, a merger or other business combination, and other strategic or financial alternatives."The board has not set a timetable for completion of the strategic review and does not intend to provide updates unless and until it is determined that disclosure is appropriate or required by law," Rayonier said in a statement.The company also said that its board of directors has set up an interim office of the chief executive following the resignation of President and Chief Executive Scott Sutton.The office includes Chief Financial Officer Marcus Moeltner, Vice President of Manufacturing Operations Michael Osborne, Senior Vice President of Biomaterials Christian Ribeyrolle, and General Counsel R. Colby Slaughter.Shares of Rayonier Advanced Materials were up over 5% pre-bell Monday.Price: $10.80, Change: $+0.59, Percent Change: +5.78%

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