CAMBRIDGE, Massachusetts, Nov. 9 (TNSres) -- The Massachusetts Institute of Technology issued the following news on Nov. 7, 2024: * * * For the past 50 years, the Coast Guard has nominated a senior officer to apply to the MIT Sloan Fellows MBA program. "When you leave MIT Sloan, you want to change the world," says one alumnus. * * * By Andrew Husband, MIT Sloan School of Management Jim Ellis II SM '80 first learned about a special opportunity for members of the U.S. Coast Guard while statio  more

BOSTON, Massachusetts, Nov. 9 -- Goodwin, a law firm, issued the following news release: The Paris Private Equity team advised Credit Mutuel Equity, Bpifrance, and the founder on the sale of Dupont Restauration, one of the leading French catering companies specializing in collective catering services, to Compass Group. Founded in 1969, the Dupont Restauration group generated approximately Euros310 million in turnover in 2023, with over 3,000 employees, and serves up to 230,000 meals each day.   more

WASHINGTON, Nov. 9 -- Dentons, a law firm, issued the following news: Dentons successfully helped secure more than $45 million in federal grants for a short line railroad client through the Transportation Department's Consolidated Rail Infrastructure and Safety Improvements Program. Three of the company's rail lines, located in Mississippi, Massachusetts and Indiana, received grant awards for projects to upgrade and modernize their infrastructure and enhance safety. Senior policy director and  more

CAMBRIDGE, Massachusetts, Nov. 9 -- The Massachusetts Institute of Technology issued the following Q&A on Nov. 8, 2024, with Gene Keselman, executive director of Mission Innovation Experimental, and managing director of MIT's venture studio, Proto Ventures: * * * At MIT, Keselman is a lecturer, executive director, managing director, and innovator. Additionally, he is a colonel in the Air Force Reserves, board director, and startup leader. * * * By Katy Dandurand, MIT Human Resources Gene Ke  more

BOSTON, Massachusetts, Nov. 9 -- Ropes and Gray, a law firm, issued the following news: Ropes & Gray represented GHO Capital Partners and Ampersand Capital Partners in the acquisition of Avid Bioservices for $1.1 billion. The all-cash transaction was announced Nov. 6 in a press release. The $12.50 per share purchase price represents a 13.8% premium to Avid's closing share price of $10.98 on Nov. 6, and a 21.9% premium to the company's 20-day volume-weighted average share price for the period e  more

BOSTON, Massachusetts, Nov. 9 -- Ropes and Gray, a law firm, issued the following news on Nov. 8, 2024: Ropes & Gray represented The Hershey Company (NYSE:HSY) in its acquisition of Sour Strips, a fast-growing sour candy brand with a powerful social media presence. The transaction was announced Nov. 8 in a press release. Financial terms were not disclosed. The Hershey Company is an industry-leading snacks company with more than 20,000 employees in the U.S. The company has more than 90 brand n  more

SPRINGFIELD, Massachusetts, Nov. 4 -- Massachusetts Mutual Life Insurance Co. issued the following news release: Massachusetts Mutual Life Insurance Company (MassMutual) has announced that 2025 will mark the 157th consecutive year that the company will pay an annual dividend to its eligible participating policyowners. The total estimated payout will be more than $2.5 billion, the largest in MassMutual's history. The dividend interest rate (DIR)/1 has increased to 6.40%. "Our 2025 record divide  more

CAMBRIDGE, Massachusetts, Nov. 9 (TNSres) -- The Massachusetts Institute of Technology issued the following news: * * * ASPIRE program brings MIT-style research, innovation, and entrepreneurship to Central America, sparking sustainable development by and for the people. * * * By Leda Zimmerman, D-Lab, Department of Mechanical Engineering In a new, well-equipped lab at the University del Valle de Guatemala (UVG) in June 2024, members of two Mayan farmers' cooperatives watched closely as Rodr  more

CAMBRIDGE, Massachusetts, Nov. 9 (TNSres) -- The Massachusetts Institute of Technology issued the following Q&A on Nov. 7, 2024, with associate professor Thomas Heldt: * * * By Mindy Blodgett, Institute for Medical Engineering and Science Associate Professor Thomas Heldt joined the MIT faculty in 2013 as a core member of the Institute for Medical Engineering and Science (IMES) and the Department of Electrical Engineering and Computer Science. Additionally, Heldt is a principal investigator wi  more

CAMBRIDGE, Massachusetts, Nov. 9 -- The Massachusetts Institute of Technology issued the following news: * * * Two MIT graduate students share similar journeys from West Point to MIT. * * * By Stephanie Martinovich, Department of Civil and Environmental Engineering For graduate students Kelsey Pittman and Jacqueline Orr, service in the U.S. military led to their interest in engineering, and to the MIT Department of Civil and Environmental Engineering (CEE). Pittman's first exposure to the   more

CAMBRIDGE, Massachusetts, Nov. 9 (TNSres) -- The Massachusetts Institute of Technology issued the following news on Nov. 8, 2024: * * * Phoenix Tailings, co-founded by MIT alumni, is creating domestic supply chains for rare earth metals, key to the clean energy transition. * * * By Zach Winn, MIT News At the heart of the energy transition is a metal transition. Wind farms, solar panels, and electric cars require many times more copper, zinc, and nickel than their gas-powered alternatives. T  more

CAMBRIDGE, Massachusetts, Nov. 9 (TNSres) -- The Massachusetts Institute of Technology issued the following news: * * * A new study on techno-economic outlooks for zero-emission heavy-duty trucking underscores the need for cross-sector collaboration. * * * By CK Taylor, Climate and Sustainability Consortium As a major contributor to global carbon dioxide (CO2) emissions, the transportation sector has immense potential to advance decarbonization. However, a zero-emissions global supply chain  more