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Equity Actions

GPN

The board of Global Payments has approved an increase in the share repurchase authorization, raising the capacity to $2 billion. This move indicates the company's confidence in its financial health and future prospects, potentially signaling to investors a bullish outlook on its stock.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 12:02 pm

UBER

Uber Technologies Inc. has announced its first-ever share repurchase program, authorizing up to $7 billion in buybacks. This move is aimed at returning value to shareholders and potentially boosting the stock price by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:55 am

ENGN

enGene has entered into an agreement for a private placement of 20 million shares at a price of $10 per share, resulting in gross proceeds of approximately $200 million.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:53 am

WAB

Wabtec's Board of Directors has authorized a $1.0 billion share buyback program, indicating the company's confidence in its financial health and a potential positive impact on its stock price due to the reduction in outstanding shares.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:35 am

LRMR

Larimar Therapeutics has announced the pricing of its public offering of 17.16 million shares at $8.74 per share, aiming to raise approximately $150 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:18 am

LRMR

Larimar Therapeutics has terminated its sales agreement with Guggenheim Securities, which was initially entered into on November 10, 2022. This agreement allowed Larimar Therapeutics to offer and sell shares up to $50 million.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:12 am

ACAC

Acri Capital Acquisition has announced an extension of its deadline to complete an initial business combination, now set for March 14, 2024. This extension provides the company with additional time to find and finalize a merger or acquisition deal.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:10 am

GOLD

Barrick Gold's Board of Directors has authorized a new share buyback program allowing for the repurchase of up to $1 billion of its common shares over the next 12 months. This new program replaces the one announced on February 15, 2023, under which no shares were repurchased. Previously, Barrick repurchased $424 million in common shares under its 2022 program.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:05 am

BABA

BIDU

CNYA

EWH

JD

TCEHY

Emerging markets fund manager Mark Mobius sees investment opportunities in the underperforming Chinese and Hong Kong markets, comparing them favorably to India's recent success. He highlights criteria like return on assets and low debt for selecting stocks and believes Chinese investor confidence will return, boosting the markets. Mobius prefers individual stocks over indexes, especially in China and Hong Kong, despite their recent downturns. U.S.-listed Chinese stocks like Alibaba, JD.com, Baidu, and Tencent have been affected by regulatory pressures and market conditions, as have ETFs like the iShares MSCI China A ETF and iShares MSCI Hong Kong ETF.

Portfolio Pulse from Shanthi Rexaline

February 14, 2024 | 8:45 am

VZ

Verizon Communications Inc. (VZ) has initiated five separate tender offers for its outstanding debt securities, aiming to purchase up to €1.5 billion in aggregate principal amount. These offers are detailed in the Offer to Purchase document dated February 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 8:35 am