OSLO--(BUSINESS WIRE)--Over the last couple of years, the Nordic countries have been dubbed the nucleus of cool, with their characteristic style, feel and lifestyle even earning its own name; Nordic Cool.

“Oslo is emerging as one of the trendiest cities to visit. We have a bustling cultural scene, interesting architecture, plenty of great bars and restaurants, as well as closeness to nature. And at the same time, you don’t feel part of a tourist crowd”

To the majority of travelers, however, Europe is still synonymous with the often over-crowded cities and destinations further south on the continent. So the little sister of Nordic Cool, Norwegian capital Oslo, decided to do something about it.

– "Oslo is emerging as one of the trendiest cities to visit. We have a bustling cultural scene, interesting architecture, plenty of great bars and restaurants, as well as closeness to nature. And at the same time, you don’t feel part of a tourist crowd," says Christian Lunde, CEO of Visit Oslo.

– Show don’t tell

Instead of spending huge money on ads and boards, they decided to follow the motto "show, don’t tell". Then they started scouring travel sites and social media for dissatisfied travelers in some of the most tourist dense destinations of Europe.

– "We came across a young couple from New Zealand visiting Europe for the first time. They had just arrived in Paris, and were deeply dissatisfied to find themselves in a baking hot crowd of people, fighting for a peek at the Mona Lisa," says Marit Hartmann from Oslo Brand Alliance.

48 hours in Oslo

Via Instagram, Marela and Sam were invited to jump ship for an unforgettable 48 hours in Oslo. After being convinced that this was a real offer and not an internet scam, the Kiwis packed up their bags, and shortly after they arrived in the Norwegian capital.

– "I don’t think we could have predicted any of the activities that we have done in Oslo. For us to feel this way after only just 48 hours here, I think says a lot about what the city has to offer," says Marela Glavas after their stay.

The Great Escape is a large-scale collaboration between public and private stakeholders in Oslo, working together to put the city on the map internationally.

YouTube-video here:

Tejon Ranch Company Announces Terms for Rights Offering to Stockholders

September 18, 2017 06:10 PM Eastern Daylight Time
TEJON RANCH, Calif.--(BUSINESS WIRE)--Tejon Ranch Co. (NYSE-TRC) – Tejon Ranch Co. (“Tejon”) announced corrections to its press release issued earlier today, Monday, September 18, 2017. Specifically, Tejon corrected that each subscription right will entitle holders to purchase 0.20 shares of common stock. The complete, corrected release follows:

Tejon Ranch Co. (“Tejon”) announced today that it has set the terms for a rights offering approved by its Board of Directors.

Under the terms of the rights offering, Tejon will distribute, at no charge, to the holders of its common stock as of 5:00 p.m., New York time, on October 4, 2017, one transferable subscription right for each share of Tejon common stock then owned. Each subscription right will entitle the holder to purchase 0.20 shares of common stock using a purchase price of $18.00 per whole share. Assuming the rights offering is fully subscribed, Tejon currently expects the gross proceeds of the offering to be approximately $75 million.

The rights offering also includes an over-subscription privilege, which entitles a stockholder who exercises all of its basic subscription privilege in full the right to purchase additional shares of common stock that remain unsubscribed at the expiration of the rights offering, subject to the availability and pro rata allocation of shares among persons exercising this over-subscription right. If there are not enough unsubscribed shares to honor all requests under the over-subscription privilege, Tejon may, at its discretion, elect to issue up to an additional 833,333 of over-allotment shares to honor requests under the over-subscription privilege. If the over-allotment shares are issued maximum gross proceeds in the offering would be approximately $90 million.

Tejon also announced that the mailing of offering materials to stockholders is expected to begin by 5:00 p.m. New York time, October 4, 2017 and that the subscription period will expire at 5:00 p.m., New York time, on October 27, 2017.

The shares issued in connection with the rights offering will be listed on the New York Stock Exchange, and the rights are expected to trade on the New York Stock Exchange until the day before the expiration of the subscription period.

The net proceeds of the offering will be used to provide additional working capital for general corporate purposes, including to fund general infrastructure costs and the development of buildings at Tejon Ranch Commerce Center, to continue forward with entitlement and permitting programs for the Centennial at Tejon Ranch and Grapevine at Tejon Ranch communities and costs related to the preparation of the development of Mountain Village at Tejon Ranch.

Tejon reserves the right to modify, extend, postpone or cancel the rights offering at any time prior to the closing of the sale of the shares in the offering.

Tejon has filed a shelf registration statement (including a prospectus supplement) with the Securities and Exchange Commission (Reg. No. 333-210875). Before you invest, you should read the prospectus supplement and other documents Tejon has filed with the SEC for more complete information about Tejon and the rights offering. This announcement shall not constitute an offer to sell, or the solicitation of an offer to buy the rights or the underlying shares, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

About Tejon Ranch Co.

Tejon Ranch Co. is a diversified real estate development and agribusiness company, whose principal asset is its 270,000-acre land holding located approximately 60 miles north of Los Angeles and 30 miles south of Bakersfield.

More information about Tejon Ranch Co. can be found online at

Forward Looking Statements

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include, without limitation, our statements contained above regarding the proposed rights offering, and other statements that are not historical facts. These statements involve risks and uncertainties that could cause actual results and events to differ materially, including the possibility that the rights offering may be delayed or cancelled before it closes. For a discussion of further risks and uncertainties related to Tejon’s business, please refer to our public company reports and the Risk Factors enumerated therein, including our Annual Report on Form 10-K for the year ended December 31, 2016 and subsequent reports, filed with the SEC. Tejon undertakes no duty to update any forward-looking statement to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statements are based.

Tejon Ranch Co.
Allen E. Lyda, Executive Vice President / CFO

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