Clarivate Plc - CLVT STOCK NEWS

Clarivate Plc (NYSE:CLVT) released a report highlighting innovation in electric vehicles (EVs), identifying key challenges such as vehicle charging time and battery capacity as critical barriers to market potential. The report shows a surge in academic research on EVs, with 74% of papers published from 2011-2020. Despite advancements, consumer concerns about inadequate charging infrastructure persist. The report also discusses geographic trends in R&D, revealing major EV innovation hotspots in Japan, China, South Korea, Germany, and the US, along with increasing litigation activity in Europe and Asia.

On July 7, 2021, Clarivate Plc (NYSE: CLVT) announced significant upgrades to its Web of Science platform, enhancing the research experience for users. These improvements include new visualization tools like Author Impact Beamplots, enriched cited references, and detailed funding data for published works. The platform now supports advanced search workflows and allows easier sharing of search queries. These enhancements aim to simplify access to world-class research data and improve the overall functionality, promoting better collaboration among researchers.

Clarivate Plc (NYSE:CLVT) announced significant changes to its executive leadership team, welcoming Steen Lomholt-Thomsen as Chief Revenue Officer and Jaspal Chahal as Chief Legal Officer. Gordon Samson is promoted to President of the IP Group. The changes aim to strengthen customer engagement and accelerate integration of recent acquisitions, including Decision Resources Group and CPA Global. CEO Jerre Stead emphasized the importance of these appointments for driving innovation and growth while thanking Steve Hartman and Jeff Roy for their contributions to the company.

Clarivate Plc (NYSE: CLVT) will report its financial results for the second quarter 2021 on July 29, 2021, before market opening. The results, along with detailed financial information, will be available on the investor relations website. A conference call and webcast will take place on the same day at 8:00 AM ET to discuss these results. Interested parties can participate through a live audio broadcast or access a replay afterwards. For more details, visit this link.

Clarivate (NYSE:CLVT) has launched its 2021 update of the Journal Citation Reports (JCR), providing enhanced tools for researchers and publishers. The release features data from over 20,000 journals in multiple research categories, a new Journal Citation Indicator for improved citation impact analysis, and an upgraded user interface for easier navigation. Additionally, 8,771 new journals were added, greatly expanding the available content.

Clarivate Plc (NYSE: CLVT) released a Global Research Report focusing on how nations and institutions respond to challenges in science and technology. The study analyzes research portfolios from G7 and BRICK nations over 1981-2018, revealing that research diversity enhances resilience, particularly during the COVID-19 pandemic. With 67,756 COVID-19 related papers indexed in 2020-21, the report illustrates how a diverse research base yields innovative solutions. The Gini coefficient was utilized for comprehensive analysis, highlighting the potential of research diversity as a strategic tool for investment planning.

Clarivate Plc (NYSE: CLVT) announced the pricing of a $1.0 billion private offering of 3.875% senior secured notes due 2028 and $1.0 billion of 4.875% senior notes due 2029. The offering's proceeds will finance the acquisition of ProQuest, set to finalize by November 8, 2021, and cover associated fees. The notes will not be guaranteed before the acquisition but will be secured by escrow accounts. The offering is intended for qualified institutional buyers, with interests payable semi-annually starting December 30, 2021.

Clarivate Plc (NYSE: CLVT) announced a private offering of up to $1.0 billion in senior secured notes due 2028 and $1.0 billion in senior unsecured notes due 2029. The offering, subject to market conditions, aims to finance the purchase price for the pending acquisition of ProQuest, announced on May 17, 2021. The proceeds will be held in escrow until acquisition conditions are met, with redemption provisions if conditions are not satisfied by November 8, 2021. The notes will be secured prior to acquisition completion and will be guaranteed by subsidiaries post-acquisition.

Clarivate Plc (NYSE: CLVT) has priced concurrent offerings of 38,461,538 ordinary shares at $26.00 each and 12,500,000 5.25% Series A Mandatory Convertible preferred shares at $100 each. The offerings are expected to close on June 14, 2021. The company anticipates net proceeds of approximately $723.8 million from the ordinary shares and $1.208 billion from the preferred shares. The funds will primarily finance the pending acquisition of ProQuest, announced on May 17, 2021. The convertible preferred shares will convert into ordinary shares on June 1, 2024, if not redeemed earlier.