Philly EnterpriseTech Roundup 12/5: Bear repellent spill in NJ Amazon warehouse; FS Investments trying to close merger later this month


Tom Paine




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One was left in critical condition, and 54 Amazon worker were treated after a discharge of bear repellant occurred in a Robbinsville (Mercer County) NJ Amazon warehouse. A can was punctured by an automated machine Wednesday morning inside the building, causing the spill. In total, 25 workers were hospitalized.

The critical patient has improved and all patients are expected to be released from the hospital within 24 hours.
Local bears, presumably, have been thoroughly repelled. But this incident may add to the current labor tensions over Amazon's warehouses.

THIS WASN'T EVEN AMAZON'S FIRST BEAR REPELLENT ACCIDENT . (Wired)

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As it works to pull off a merger, FS (formerly Franklin Square) Investments admits to having some shortcomings . In a recent call with analysts and in a meeting with advisers, FS Investments' senior management publicly acknowledged its various shortcomings, including the eroding valuation of its flagship fund, the publicly traded FS Investment Corp. FS currently manages $24 billion. As executives acknowledge, the net asset value and share price of FS Investment Corp. are both eroding.

FSIC is seeking shareholder approval to merge with another listed BDC, Corporate Capital Trust (CCT). The shareholders of FS Investment Corp. (NYSE:FSIC) and Corporate Capital Trust (NYSE:CCT) approved proposals related to the merger of FSIC and CCT at their respective annual meetings, and the merger is expected to occur around December 19.



















































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