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☆ Here's how a merger between PGA Tour and LIV Golf would be structured
▼ + stars: | 2023-06-27 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

In a five-page agreement obtained by CNBC, the parties — the PGA Tour, the Saudi Arabia Public Investment Fund and Europe's DP World Tour — agreed to create a for-profit subsidiary of the PGA Tour. The new entity will manage commercial assets for all of the tours, while the PGA Tour will manage competitions. The tentative merger agreement was signed by PGA Tour Commissioner Jay Monahan, DP World Tour CEO Keith Pelley and PIF's Yasir al-Rumayyan. The lawsuits came after multiple high-profile players including Phil Mickelson left the PGA Tour for LIV. The PGA Tour has said its executives would testify at the hearing, although it is unclear if Monahan will be present.

Persons: LIV, —, Muhammed bin Salman, Jay Monahan, Keith Pelley, PIF's Yasir al, LIV Golf, Phil Mickelson, " Monahan, Sen, Richard Blumenthal, Ron Johnson, Monahan Organizations: PGA Tour, CNBC, Saudi Arabia Public Investment Fund, Tour, Public Investment Fund, PGA, Senate Homeland Security Locations: Saudi, United States

☆ 6 ways the Russia-Ukraine war could play out in the wake of Ukraine's counteroffensive
▼ + stars: | 2023-06-18 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +10 min

Over a year since Russia invaded Ukraine, there still does not appear to be a clear end in sight. Here are six ways the war could play out and what victory might look like for either side. Russia's war in Ukraine has been raging on for over a year, and there is still no clear end to the conflict in sight. With the largest land war in Europe since 1945 now entering a new phase, here are six ways it could play out. One senior official previously said that a Russian nuclear strike could trigger a "physical response" from NATO.

Persons: —, Volodymyr Zelenskyy, it's, Seth Jones, Mykhalchuk, Jones, SERGEY SHESTAK, Muhammed Enes Yildirim, Putin, He's, Zelenskyy, Vladimir Putin, LUDOVIC MARIN, they've, Spencer Platt, It's, Mark Cancian, Sergei Shoigu, Valery Gerasimov, Scott Peterson, Mark Milley, Eugen Kotenko, Vladimir Putin's Organizations: Service, Center for Strategic, Studies ', Security, Leopard, Getty, Anadolu Agency, Marine, intel, 95th Airborne Brigade, US Joint Chiefs of Staff, Publishing, Getty Images, NATO Locations: Russia, Ukraine, Europe, South Korean, AFP, Donetsk, Crimea, Russian, Ukrainian, Siversk, Luhansk, Zaporizhzhia, West, Kyiv, China

CNN —Beaches in the southern Ukrainian region of Odesa have been closed off after filthy waters from a collapsed dam washed downstream, posing a “genuine threat” to local residents, authorities say. Homes are seen underwater in a flooded neighborhood in Kherson, Ukraine, Wednesday, June 7, 2023. Celestino Arce/NurPhoto/Reuters A neighborhood of Kherson, Ukraine, remains flooded Saturday, June 10, following the collapse of the Nova Kakhovka dam days earlier. Celestino Arce/NurPhoto/Getty Images Ukrainian servicemen use boats to evacuate people in a flooded neighborhood of Kherson on June 8. Alex Babenko/Getty Images Houses in a flooded Kherson neighborhood on June 7.

Persons: Felipe Dana, Andrey Alekseenko, Celestino Arce, NurPhoto, Evgeniy, Hanna, Oleksandr Klymenko, Vladyslav Musiienko, Alex Babenko, Angelina Kopayeva, Muhammed Enes Yildirim, Tetiana, Ivan Antypenko, Alexey Konovalov, Musiienko, Nina Lyashonok, Oleksandra, Alina Smutko Organizations: CNN, Authorities, Kyiv, Ukraine’s Ministry, Internal Affairs, Telegram, Local, AP, Reuters Volunteers, Reuters, Getty, Anadolu Agency, Planet Labs PBC, Reuters Red Cross, AP Local, Culture, Reuters Local Locations: Ukrainian, Odesa, Russia, Dnipro, –, ”, Dnistrovskyi, Kherson, Ukraine, Crimea, Russian, Nova, Mykolaiv, Kherson . Roman, Vladyslav, Nova Kakhovka, Libkos

☆ Nova Kakhovka: Ukraine dam collapse serves neither side well as war enters next crucial phase
▼ + stars: | 2023-06-08 | by ( Sam Kiley | ) edition.cnn.com time to read: +10 min

They were to blow up the Zaporizhzhia hydroelectric dam that bisected the eponymous industrial city, which stands 200 kilometers (125 miles) upriver from today’s Nova Kakhovka barricade). Local residents stand on the Dnipro embankment after the Nova Kakhovka dam breach on June 6. Rescue workers evacuate an elderly woman and her husband from a flooded neighborhood in Kherson, Ukraine, on Wednesday, June 7. Vladyslav Musiienko/Reuters Flooded streets are seen in Kherson on June 7 following the collapse of the Nova Kakhovka dam. Alina Smutko/Reuters In pictures: The collapse of Ukraine's Nova Kakhovka dam Prev NextUkraine’s armed forces have insisted that their counter-offensive included contingency planning for a disaster at the dam.

Persons: Ukraine CNN — Fish, ecocide ”, unawares, Ivan Antypenko, Volodymyr Zelensky, Zelensky, General’s, ”, Ukraine’s, It’s, who’ve, Vladimir Putin, Andrei Pidlisnyi, –, Evgeniy, Angelina Kopayeva, Alex Babenko, Vladyslav Musiienko, Muhammed Enes Yildirim, Tetiana, Alexey Konovalov, Felipe Dana, Musiienko, Nina Lyashonok, Oleksandra, Alina Smutko Organizations: Ukraine CNN —, Nazi, NKVD, Reuters, International, Criminal, Kherson City, Ukrainian, CNN, AP, Anadolu Agency, Planet Labs PBC, Reuters Red Cross, AP Local, Culture, Reuters Local Locations: Kyiv, Ukraine, Nova, Dnipro, Russia, Moscow, Russian, today’s, Reuters Ukrainian, Kherson, Zaporizhzhia, Donetsk City, Kharkiv, Kherson . Roman, Vladyslav, Nova Kakhovka, Libkos, Crimean, Crimea, Russia’s

☆ Nova Kakhovka dam collapse: Russians shooting at rescuers in flooded areas, Zelensky says
▼ + stars: | 2023-06-08 | by ( Olga Voitovych Yulia Kesaieva Fred Pleitgen Radina Gigova Sarah Dean Helen Regan | Olga Voitovych | Yulia Kesaieva | ) edition.cnn.com time to read: +9 min

CNN —Russian forces have been shooting at Ukrainian rescuers trying to reach flooded areas in the Kherson region that are under Russian control, Ukrainian President Volodymyr Zelensky said Wednesday. Ukrainian Prime Minister Denys Shmyhal claimed occupying Russian forces have offered “no help” to residents in flooded areas. Vladyslav Musiienko/Reuters Flooded streets are seen in Kherson on June 7 following the collapse of the Nova Kakhovka dam. Rescuers evacuate a local resident from a flooded area after the Nova Kakhovka dam breached in Kherson, Ukraine, on June 7. Conditions for residents in flooded areas are dire, with “hundreds of thousands of people left without normal access to drinking water,” Zelensky said.

Persons: Volodymyr Zelensky, Zelensky, ” Zelensky, won’t, ”, Roman Skabdrakov, Denys Shmyhal, “, Evgeniy, Angelina Kopayeva, Alex Babenko, Vladyslav Musiienko, Muhammed Enes Yildirim, Tetiana, Ivan Antypenko, Alexey Konovalov, Felipe Dana, Musiienko, Nina Lyashonok, Oleksandra, Alina Smutko, Shmyhal, Oleksandr Prokudin, Ihor, Selena Kozakijevic, Kozakijevic Organizations: CNN, Russian, Rescuers, “, Kaiman Volunteer, Military, Ukrainian, AP, Anadolu Agency, Planet Labs PBC, Reuters Red Cross, AP Local, Culture, Reuters, Reuters Local, United Nations, Humanitarian Affairs, UN, Ukraine’s Ministry, Internal Affairs, Internal, CARE Locations: Kherson, Ukrainian, Russian, Nova Kakhovka, Dnipro, Kherson region, Moscow, Russia, Oleshky, Kherson “, Ukraine, Nova, Kherson . Roman, Vladyslav, Libkos, Zelensky, UN

☆ Kyiv warns against loose talk as Russia claims to repel a Ukrainian ‘large-scale’ offensive attack in Donetsk
▼ + stars: | 2023-06-05 | by ( Nathan Hodge Sebastian Shukla Olga Voitovych Sana Noor Haq | Nathan Hodge | Sebastian Shukla | ) edition.cnn.com time to read: +6 min

Monday’s announcement from the Russian side was no exception: The Russian military claimed in a statement to have killed 250 Ukrainians and destroyed armored vehicles used in the assault, but provided scant evidence. A spokesperson for the Ukraine Armed Forces, Bohdan Senyk, told CNN that Ukraine does “not have information” on a purported “large-scale offensive” in Donetsk. Gerasimov, who is chief of Russia’s General Staff, was put in overall command of Russian military operations in Ukraine early this year. Ukrainian troops are pictured near the town of Avdiivka in Donetsk on May 31, 2023. He claimed that Ukrainian troops have increased the intensity of their shelling, and fired Storm Shadow missiles.

Persons: Bohdan Senyk, “, ”, Valery Gerasimov “, Gerasimov, Wagner, Viacheslav Ratynskyi, Zelensky, Sean Gallup, Zaporizhzhia, Vladimir Rogov, ” Rogov, Muhammed Enes, Hanna Maliar, Volodymyr Zelensky, ” Zelensky, Jake Sullivan –, Joe Biden’s, –, Washington, ” Sullivan, CNN’s Fareed Zakaria Organizations: CNN, Russian Defense Ministry, Russian, Ukraine Armed Forces, Russia’s, Staff, Reuters, Getty, Novosti, Storm, Anadolu Agency, Wall Street, Kyiv Locations: Ukrainian, Donetsk, Ukraine, Russia, Moscow, Avdiivka, Russian, Azov, “

☆ Sudan's war scatters country's emergent art scene
▼ + stars: | 2023-06-01 | by ( Adam Makary | ) www.reuters.com time to read: +4 min

Abdullah is a member of a youthful art scene that gained momentum from the popular uprising against autocrat Omar al-Bashir and finds itself scattered by war four years later. "We've always been repressed, especially during Bashir's time," said 28-year-old Rahiem Shadad, who co-founded Downtown Gallery in Sudan's capital in 2019. Shadad's gallery has raised just over $8,500 of a $30,000 target to support artists financially during the war. Painter and retired art professor Salah Abdelhay fled to Egypt with his wife and two daughters. Reporting by Adam Makary and Fatma Fahmy Editing by Aidan Lewis and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

Persons: Rahiem Shadad, Omar al, Bashir, Yasmeen Abdullah, I'd, Abdullah, autocrat Omar al, We've, Shadad, Muhammed Yusuf, Yusuf, Khalid Abdelrahman, Painter, Salah Abdelhay, Adam Makary, Aidan Lewis, Christina Fincher Organizations: REUTERS, Downtown, Thomson Locations: Khartoum, Sudan, Cairo, Egypt, CAIRO, Sudan's, Shendi, Omdurman, Wadi Halfa

☆ How will we know when Ukraine's long-awaited counteroffensive has started? Experts say look for the Western armor.
▼ + stars: | 2023-05-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +10 min

But military experts say Kyiv's use of Western armor will signal the start of a larger offensive. "The Ukrainian counteroffensive, I think, is going to start with a bang, literally and figuratively," Mark Cancian, a retired US Marine Corps Reserve colonel, told Insider. Ukraine's expected counterpunch will come on the heels of what turned out to be a lackluster offensive carried out by Russian forces during the winter. The armored vehicles in particular are expected to help Ukraine hit hard and exploit gains quickly with shock, firepower, and mobility. You want to keep the Russian armed forces guessing as to, is this actually the commitment of their main forces?"

☆ Ukrainian troops used 'wedding drones' and Google Maps to batter Russian forces during the war's chaotic early days, commanders say
▼ + stars: | 2023-05-16 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

In the days after Russia's invasion last year, Ukrainian forces need help targeting Russian troops. One Ukrainian artillery unit relied on help from Ukrainian civilians to guide their strikes. Ukrainian and Russian drones prowl the skies constantly, looking for enemy positions and movements, as well as for artillery batteries, supply depots, and command posts. SERGEY SHESTAK/AFP via Getty ImagesSometimes Ukrainian forces would get indications that Russian troops were in a village, but not their precise location. Ukrainian troops fire an 2S7 Pion howitzer at Russian positions near Bakhmut in March.

☆ How scientists create the most explosive substance in the universe
▼ + stars: | 2023-05-15 | by ( Adam Barnes | ) www.businessinsider.com time to read: 1 min

Penning traps contain ultra-thin foils, about 1.5 micrometers thick, that further slow down and capture antiprotons sent from the ELENA ring. Before ELENA was installed in 2018 to help slow down antiprotons even more, CERN caught less than 1% of antiprotons it produced. Now, it captures up to 70%. Thin foil strips, shown in blue here, are placed at the end of a Penning trap to help slow and trap antimatter particles. CERNSources: CERN, Sameed Muhammed

☆ 'Free speech opportunist' Elon Musk caved to government pressure to censor tweets ahead of the Turkish election. Critics argue SpaceX dealings with the country's right-wing leader may have caused the
▼ + stars: | 2023-05-14 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

Elon Musk's reputation as a free speech absolutist took another hit on Saturday after Twitter sided with the Turkish government and censored the accounts of political opponents ahead of a contentious election. Targeted Turkish dissidentsThe details of the legal request and which specific accounts were targeted were not made public. Yakut had previously shared information about Erdogan's governmental dealings and alleged the Turkish leader had been involved in the disappearance of his son-in-law, Turkish Minute reported last week. "I'm sure this is just a coincidence," users on Twitter posted, some sarcastically, circulating news of Musk's business dealings with Turkey. Musk and representatives for Twitter, SpaceX, and the Republic of Turkey did not immediately respond to Insider's requests for comment.

The stage is now set for the possibility of a tumultuous showdown between the country’s powerful military and Khan’s supporters following deadly and unprecedented clashes Tuesday that saw angry crowds break into and vandalize the homes of army personnel. Hundreds of Khan supporters responded to his call to take to the streets and violent protests broke out in several cities. Imran Khan's supporters burn tires to block roads in Peshawar, Pakistan on May 9, 2023. Protesters burn tires to block roads in Peshawar, Pakistan on May 9, 2023 following Imran Khan's dramatic arrest. A demonstrator is seen as Pakistani police use tear gas against supporters of former Prime Minister Imran Khan during a protest in Peshawar, Pakistan on May 9, 2023.

☆ Inside the world's only high-energy collision antimatter factory where scientists create the most explosive substance in the universe to understand why we exist
▼ + stars: | 2023-05-05 | by ( Adam Barnes | ) www.businessinsider.com time to read: 1 min

May 2 (Reuters) - International law firm Squire Patton Boggs said on Tuesday it has hired partner Lian Yok Tan for its energy and infrastructure practice in Singapore. Tan joins from K&L Gates, where she was global co-head of the energy, infrastructure and resources practice, Squire Patton Boggs said. Barry Stimpson, Squire Patton Boggs’ Singapore office managing partner, said in a statement that Tan has connections across the Asia Pacific, particularly in Indonesia, which will help the firm secure new clients. On Monday, Squire Patton Boggs became the latest law firm to set up an office in Dublin. In March, the firm signed a cooperation agreement with The Law Office of Looaye M. Al-Akkas for a new office in Riyadh.

☆ US intelligence believes 'slaughter-fest' fighting in Ukraine has cost Russia 100,000 dead and wounded in only a matter of months, White House reveals
▼ + stars: | 2023-05-01 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Russia has suffered 100,000 casualties since December, a top White House official said, citing US intelligence. John Kirby revealed that 20,000 Russian troops have been killed fighting in Ukraine in that time. Ukrainian troops have fought the Russians along a largely static front line across eastern and parts of southern Ukraine for months. In January 2023, the top general went on to say that Russia had suffered "significantly well over" 100,000 casualties. Recently leaked US intelligence documents reviewed by Insider suggested that Russia had endured up to 223,000 casualties, including 43,000 soldiers killed in fighting.

☆ Russia appears in disarray as Ukraine prepares counteroffensive
▼ + stars: | 2023-05-01 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +3 min

Zaporizhzhia, Ukraine CNN —Ukraine’s much-anticipated counteroffensive appears imminent – and the way each side is preparing speaks volumes about their readiness. Kyiv’s front lines are abuzz with vehicle movement and artillery strikes, with regular explosions hitting vital Russian targets in occupied areas. Its defense minister has said preparations are “coming to an end” and President Volodymyr Zelensky has assured a counteroffensive “will happen,” while demurring on any exact start date. Muhammed Enes Yildirim/Anadolu Agency/Getty ImagesThe “Butcher of Mariupol,” as Mizintsev is known, surely had enough failings over Russia’s disastrous war to merit his firing. By removing key ministers in the moments before its army faces Ukraine’s counter-assault, Moscow sends a message of disarray.

☆ A gay Ukrainian military couple engaged only days ago is being pulled apart to face the fear and heartache of combat alone
▼ + stars: | 2023-04-29 | by ( Chris Panella | ) www.businessinsider.com time to read: +7 min

A gay Ukrainian military couple that got engaged only days ago is heading off into combat. The couple told Insider that while war is tough, they haven't let go of hope. "It is very difficult," Vladyslav told Insider, but if they were able to see each other more, or possibly fight alongside one another, it'd make the days a bit easier. They told Insider, courtesy of translator Maxim Potapovych, that they met on a dating app. The atmosphere, especially in the military, has improved, the couple told Insider.

☆ How Ukraine's artillery is doing more damage than Russia's, even with fewer rounds
▼ + stars: | 2023-04-26 | by ( David Hambling | ) www.businessinsider.com time to read: +12 min

While Ukraine has fewer guns firing fewer shells, it appear to be doing more damage than Russia. But while Ukraine has fewer guns firing fewer shells, they appear to be doing more damage even though, with some notable exceptions, they are using the same weapons as their Russian opponents. NATO Secretary General Jens Stoltenberg stated in February that Russia was firing around four times as many shells as Ukraine. This suggests an improvement of a factor of 7-10, which is roughly what we see in the ratios of artillery shells: casualties above. A vast number of Ukrainian drone videos show this process in operation.

☆ Glencore copper output dips, expects strong trading profit
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +1 min

April 21 (Reuters) - Glencore (GLEN.L) on Friday reported lower copper, zinc and nickel production in the first quarter but said it expects its trading division to exceed the top end of annual guidance. It now expects full-year marketing earnings before interest and tax (EBIT) to exceed the top end of its annual range between $2.2 billion and $3.2 billion in 2023. Glencore last month made a $22.5 billion takeover offer for Teck, which was rejected by the Vancouver-based miner's board as exposing its shareholders to thermal coal and energy trading. The bid included a proposed spinning out of thermal and steelmaking coal operations, rebranding the remaining company as GlenTeck. The all-share offer came as Teck's own plan to spin off its metallurgical coal business and focus on copper and zinc nears an April 26 vote.

☆ UK's THG gets buyout proposal from Apollo, shares jump
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +2 min

Apollo must announce a firm intention to make an offer by May 15 or walk away, the British company said. Oil services company John Wood Group (WG.L) said on Monday it is engaging with Apollo over a possible 1.66 billion-pound offer, while CVC Capital and Francisco Partners have tabled a 2.1 billion-pound takeover bid for payments provider Network International (NETW.L). Last week, EQT entered talks with veterinary pharma group Dechra (DPH.L) over a 4.63 billion-pound deal. THG, formerly known as The Hut Group, is set to publish full-year results on Tuesday. ($1 = 0.8063 pounds)Reporting by Muhammed Husain in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ The worst Pentagon leak in years may have started in a gamer chatroom, where people weirdly keep posting classified documents trying to win arguments on the internet
▼ + stars: | 2023-04-12 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The leaked Pentagon documents may have started in an online chatroom for gamers. It's not the first time users have leaked classified or sensitive information to the internet to settle a debate. "Here, have some leaked documents," the user wrote in response to the discussion. In recent years, players of "War Thunder" — a combat video game — have shared highly sensitive information to various chatrooms on multiple occasions, including content about tanks, fighter jets, and missiles. In one case, a user posted information from the manual of an F-16 fighter jet, as well as content about the AIM-120 Advanced Medium-Range Air-to-Air Missile.

Glencore latest offer is for Teck's shareholders to receive 24% of the combined metals group and up to $8.2 billion in cash for those who may not want exposure to thermal coal, which is the most polluting fossil fuel. Teck said its board will review and evaluate the offer, but nevertheless believes it is "largely unchanged" from the original bid. "The revised proposal does not provide an increase in the overall value to be received by Teck shareholders or appear to address material risks previously raised," Teck said in a Tuesday statement. "Getting Teck's Class A shareholders on board is a separate, more substantial challenge," LaFemina added. Reuters on Monday reported that Glencore Chief Executive Gary Nagle plans to meet with some of Teck's Canadian shareholders in Toronto on Thursday to personally lobby them for support.

☆ Glencore adds cash option to Teck bid in effort to sway shareholders
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +2 min

LONDON, April 11 (Reuters) - Glencore (GLEN.L) proposed introducing a cash component to its $22.5 billion bid for Teck Resources (TECKb.TO) on Tuesday and urged its board to delay an impending vote on a restructuring. Glencore is now proposing that Teck shareholders receive 24% of the combined metals group and up to $8.2 billion in cash for those who may not want exposure to thermal coal, which is the most polluting fossil fuel. Teck, which did not immediately respond to a request for comment, had said in its rejection that it did not want to expose its shareholders to thermal coal. "This new bid from Glencore raises the odds of the vote (on proposed restructuring) not going Teck's way." Reuters on Monday reported that Glencore CEO Gary Nagle plans to meet with some of Teck's Canadian shareholders in Toronto on Thursday to personally lobby them for support.

Companies Anglo American PLC FollowApril 4 (Reuters) - Anglo American (AAL.L) said on Tuesday it had signed a memorandum of understanding with Swedish hydrogen and steel producer H2 Green Steel to work on advancing low-carbon steelmaking processes. The miner said the agreement includes studying and trialling the use of iron ore products from its Kumba mines in South Africa and Minas-Rio mine in Brazil as feedstock for H2's direct reduced iron (DRI) production process at its Boden plant in Sweden. DRI steel production is estimated to be significantly less carbon intensive than traditional blast furnace and basic oxygen furnace integrated processes. Anglo American's shares were up 0.4% by 0715 GMT. Reporting by Muhammed Husain in Bengaluru; Editing by Subhranshu Sahu, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ Apollo sweetens bid for Britain's Wood Group with $2.1 bln offer
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies Wood privately rejected fourth offer - ApolloWood Group's shares down 2.2%April 4 (Reuters) - Private equity firm Apollo Management has made what it said was a final offer to buy John Wood Group (WG.L) for 1.66 billion pounds ($2.1 billion) in cash, after the British oilfield services and engineering firm rejected four earlier proposals. The 240 pence per share bid represents a premium of about 55% to Wood's closing share price on Feb. 22, the day before it made Apollo's proposals public. Apollo said Wood Group had privately rejected its previous offer of around 1.64 billion pounds, that the firm had made on March 6. Shares in London-listed Wood Group were down 2.2% at 200 pence at 1516 GMT, much lower than the possible offer price, indicating that investors do not expect the deal to go through. Wood separately said it noted the sweetened possible offer from Apollo for the company, and added it continues to engage with its shareholders.

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