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Lawyer says ex-Temple basketball standout Hysier Miller met with NCAA for hours amid gambling probeSAN JOSE, Calif., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Nutanix, Inc. ("Nutanix") NTNX , a leader in hybrid multicloud computing, today announced its intention to offer, subject to market conditions and other factors, $750 million aggregate principal amount of convertible senior notes due 2029 (the "notes") in a private placement (the "offering") to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). Nutanix also expects to grant the initial purchasers of the notes an option to purchase up to an additional $112.5 million aggregate principal amount of the notes within a 13-day period from, and including, the initial issuance date of the notes. The notes will be unsecured senior obligations of Nutanix. Interest will be payable semi-annually in arrears. The notes will mature on December 15, 2029, unless earlier converted, redeemed, or repurchased. The notes will be convertible at the option of holders, subject to certain conditions and during certain periods. Upon conversion, the notes may be settled in cash, shares of Nutanix's Class A common stock or a combination of cash and shares of Nutanix's Class A common stock, at Nutanix's election. The interest rate, initial conversion rate and other terms of the notes are to be determined at the time of the pricing of the offering. Nutanix intends to use the net proceeds from the offering to (i) repurchase a portion of its outstanding 0.25% Convertible Senior Notes due 2027 (the "2027 notes") concurrently with the pricing of the offering in separate and privately negotiated transactions with certain holders of its 2027 notes (the "concurrent note repurchases") effected through one of the initial purchasers of the notes or its affiliate, acting as Nutanix's agent, and (ii) repurchase up to $200.0 million of shares of Nutanix's Class A common stock in privately negotiated transactions with institutional investors effected through one of the initial purchasers of the notes or its affiliate, acting as Nutanix's agent, at a price per share equal to the last reported sale price of Nutanix's Class A common stock on the Nasdaq Global Select Market on the date of the pricing of the notes (the "Share Repurchase"). Any such Share Repurchase would not reduce the amount available for future repurchases under Nutanix's existing share repurchase program. Nutanix intends to use the remaining net proceeds from the offering for general corporate purposes, including working capital, capital expenditures and potential acquisitions. From time to time, Nutanix evaluates potential acquisitions of businesses, technologies or products. Currently, however, Nutanix does not have any understandings or agreements with respect to any acquisitions. The terms of the concurrent note repurchases are anticipated to be individually negotiated with each holder of the 2027 notes participating in the concurrent note repurchases, and will depend on several factors, including the market price of Nutanix's Class A common stock and the trading price of the 2027 notes at the time of each such concurrent note repurchase. Certain holders of any 2027 notes that Nutanix agrees to repurchase may have hedged their equity price risk with respect to such 2027 notes and may, concurrently with the pricing of the notes, unwind all or part of their hedge positions by buying Nutanix's Class A common stock and/or entering into or unwinding various derivative transactions with respect to Nutanix's Class A common stock. Any repurchase of the 2027 notes, and the potential related market activities by holders of the 2027 notes participating in the concurrent note repurchases, together with the repurchase by Nutanix of any of its Class A common stock concurrently with the pricing of the notes, could increase (or reduce the size of any decrease in) the market price of Nutanix's Class A common stock, which may affect the trading price of the notes at that time and the initial conversion price of the notes. Nutanix cannot predict the magnitude of such market activity or the overall effect it will have on the price of the notes or its Class A common stock. No assurance can be given as to how much, if any, of the 2027 notes or the Class A common stock will be repurchased or the terms on which they will be repurchased. Neither the notes nor the shares of Nutanix's Class A common stock potentially issuable upon conversion of the notes, if any, have been, or will be, registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from, or in a transaction not subject to, such registration requirements. This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful. About Nutanix Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively. Forward-Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding Nutanix's financing plans, Nutanix's ability to complete the offering, the timing and size of the offering, the concurrent note repurchases and the Share Repurchase, Nutanix's intended use of the net proceeds of the offering. These statements involve risks and uncertainties that could cause actual results to differ materially, including, but not limited to, whether Nutanix will be able to consummate the offering, the final terms of the offering, the satisfaction of customary closing conditions with respect to the offering of the notes, prevailing market conditions, the anticipated use of the net proceeds of the offering of the notes, which could change as a result of market conditions or for other reasons, and the impact of general economic, industry or political conditions in the United States or internationally. Forward-looking statements may be identified by the use of the words "may," "will," "expect," "intend," and other similar expressions. These forward-looking statements are based on estimates and assumptions by Nutanix's management that, although believed to be reasonable, are inherently uncertain and subject to a number of risks. Actual results may differ materially from those anticipated or predicted by Nutanix's forward-looking statements. All forward-looking statements are subject to other risks detailed in Nutanix's Annual Report on Form 10-K for the fiscal year ended July 31, 2024, and the risks discussed in Nutanix's other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and Nutanix undertakes no obligation to revise or update this news release to reflect events or circumstances after the date hereof, except as required by applicable law. © 2024 Nutanix, Inc. All rights reserved. Nutanix, the Nutanix logo, and all Nutanix product and service names mentioned herein are registered trademarks or unregistered trademarks of Nutanix, Inc. ("Nutanix") in the United States and other countries. Other brand names or marks mentioned herein are for identification purposes only and may be the trademarks of their respective holder(s). This press release is for informational purposes only and nothing herein constitutes a warranty or other binding commitment by Nutanix. Investor Contact: Richard Valera ir@nutanix.com Media Contact: Lia Bigano pr@nutanix.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.DELAND, Fla. (AP) — Luke Bailey threw for 204 yards and three touchdowns with only five incompletions and Drake eased by Stetson 49-10 on Saturday to secure a second straight outright Pioneer Football League title. Davion Cherwin rushed for 161 yards on 11 carries and scored two times for Drake. Jun Ahn and Luke Woodson also had rushing scores. Cherwin scored a 91-yard touchdown, the longest run in the PFL this season, to make it 21-7 early in the second quarter. Kemani Wilson made a diving interception at the Drake 25-yard line with just over two minutes left in the first half and seven plays later, Bailey found Hunter Johnson for a 24-yard touchdown to make it 28-10 at halftime. Drake defensive lineman Finn Claypool forced a fumble on the third play of the second half and his teammate recovered it. Then Bailey lofted a pass to Jaxon Laminack for a touchdown and a 35-10 lead. Drake (8-2, 7-1) was coming off a 29-20 loss to Morehead State to end a 17-game PFL winning streak — the longest active conference winning streak in the FCS. Stetson (2-9, 0-7) quarterback Brady Meitz was intercepted three times and Matt O’Connor had one of his four pass attempts intercepted. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football

The 15 January deadline for finalizing a new labor agreement between unionized dock workers at US Gulf and East Coast ports and the negotiating entity for the ports is nearing with no clear progress on a key remaining issue – automation. This week, a union vice president criticized semi-automated rail-mounted gantry cranes (RMGs) for eliminating jobs and posing national security risks in a post on the International Longshoremen’s Association (ILA) website. In response, the United States Maritime Alliance (USMX), the group representing the ports, defended automation as essential for port modernization and addressing land constraints. The ILA paused a three-day strike on 3 October after agreeing on a wage increase, with a commitment to negotiate the remaining issues by 15 January. Top among the remaining issues is the automation or semi-automation at the ports, which the ILA is adamantly against because they think it will take jobs typically done by humans and which the USMX says is needed for the US to remain competitive. ILA Vice President Dennis A Daggett said in his post on the union’s website that the ILA is not against progress, innovation, or modernization – “but we cannot support technology that jeopardizes jobs, threatens national security, and puts the future of the workforce at risk”. Daggett explained that in the early-2000s, employers introduced semi-automated RMGs at a greenfield terminal on the East Coast, saying the move would create thousands of jobs. “What seemed like a win for one port turned out to be the project that is becoming the model for automation that could potentially chip away at many jobs at almost every other terminal along the East and Gulf coasts,” Daggett said. Daggett said 95% of work performed by RMGs is fully automated. “From the moment a container is dropped off by a shuttle carrier, the RMG operates on its own – lifting, stacking, and moving containers, including gantry and hoisting, without any human intervention,” Daggett said. “This includes the auto-stacking of containers in the container stack, which is also fully automated. Only in the last six feet of the container’s journey on the landside, when it is placed on a truck chassis, does an operator step in. But how long until employers automate those final six feet as well?” The USMX, in a response, said modernization and investment in new technology are core priorities required to successfully bargain a new master contract with the ILA – they are essential to building a sustainable and greener future for the US maritime industry. “Port operations must evolve, and embracing modern technology is critical to this evolution,” the USMX said. “It means improving performance to move more cargo more efficiently through existing facilities – advancements that are crucial for US workers, consumers, and companies,” the USMX said. “Due to the lack of available new land in most ports, the only way for US East and Gulf Coast ports to handle more volume is to densify terminals – enabling the movement of more cargo through their existing footprints. It has been proven this can be accomplished while delivering benefits to both USMX members and to the ILA.” The USMX stressed that it is not, nor has it ever been, seeking to eliminate jobs, but to simply implement and maintain the use of equipment and technology already allowed under the current contract agreements and already widely in use, including at some USMX ports. As an example, the USMX pointed to a terminal where modern crane technology was implemented more than a decade ago, which was previously limited to a 775,000-container capacity using traditional equipment. That same terminal nearly doubled its volume after incorporating the use of modern rail-mounted gantry cranes into its daily operations. “The added capacity delivered an equal increase in hours worked, leading to more union jobs, as the terminal went from employing approximately 600 workers a day to nearly 1,200,” the USMX said. “Moving more containers through the existing terminal footprints also means higher wages from the increased cargo, bringing in more money for volume/tonnage bonuses.” Container ships and costs for shipping containers are relevant to the chemical industry because while most chemicals are liquids and are shipped in tankers, container ships transport polymers, such as polyethylene (PE) and polypropylene (PP), are shipped in pellets. They also transport liquid chemicals in isotanks. No negotiations are currently underway with just about five weeks left before the deadline. Source: ICIS by Adam Yanelli,Atalanta goes from the Europa League trophy to the top of Serie A. Inter routs Verona 5-0

No. 2 Ohio State takes control in the 2nd half and runs over No. 5 Indiana 38-15Killing of UnitedHealthcare CEO spotlights complex challenge companies face in protecting top brass

Panathinaikos and Olympiakos were unable to meet the challenge of their second games this week and suffered painful Euroleague losses – in different circumstances. The Greens lost 91-73 at Partizan Belgrade on Thursday in one of their worst performances this season, to an opponent whose coach (Zeljko Obradovic) knows them very well. Up until the 18th minute Panathinaikos was actually well inside the game and led 37-33, at which point it suddenly switched off and let Partizan run riot. The second half left the impression that the European champion had given up, and its defense is a serious problem that requires attention, with 90 points conceded to Barcelona at home on Tuesday, and 91 to Partizan on Thursday. Kostas Sloukas stood out with 15 points and six assists, while Mathias Lessort and Juancho Hernangomez made 13 apiece. That was the Greens‘ sixth loss in 14 games. Olympiakos succumbed to the might of Euroleague leader Paris Basketball, the season’s surprise package, going down 96-90 in Piraeus on Friday. The Reds were 20 points behind with seven minutes left (80-60), but produced an amazing 22 unanswered points to edge ahead (82-80) for the first and only time in the game. Paris reacted and scored 10 points in the last 20 seconds of the match to make the most of the host’s turnover and win their 10th in a row. Pacing Olympiakos, that is on a 9-5 record, were Evan Fournier with 25 points and Sasha Vezenkov with 18.

NASA Awards Operations, Services, Maintenance, and Infrastructure ContractTikTok is challenging the federal government’s order to shut down its operations in Canada. The company filed in documents in Federal Court in Vancouver on Thursday. The government ordered the dissolution of TikTok’s Canadian business in November after a national security review of the Chinese company behind the social media platform. That means TikTok must "wind down" its operations in Canada, though the app will continue to be available to Canadians. TikTok wants the court to overturn the government’s order and to place a pause on the order while the court hears the case. It is claiming the minister's decision was "unreasonable" and "driven by improper purposes." The review was carried out through the Investment Canada Act, which allows the government to investigate any foreign investment with potential to harm national security. Industry Minister François-Philippe Champagne said in a statement at the time the government was taking action to address "specific national security risks," though it didn’t specify what those risks were. TikTok’s filing says Champagne "failed to engage with TikTok Canada on the purported substance of the concerns that led to the (order.)" The company argues the government ordered "measures that bear no rational connection to the national security risks it identifies." It says the reasons for the order "are unintelligible, fail to reveal a rational chain of analysis and are rife with logical fallacies." The company's law firm, Osler Hoskin & Harcourt LLP, declined to comment, while Champagne’s office did not immediately respond to a request for comment. A TikTok spokesperson said in a statement that the order would "eliminate the jobs and livelihoods of our hundreds of dedicated local employees — who support the community of more than 14 million monthly Canadian users on TikTok, including businesses, advertisers, creators and initiatives developed especially for Canada." This report by The Canadian Press was first published Dec. 10, 2024. Darryl Greer and Anja Karadeglija, The Canadian Press