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Equity Actions

STLA

Stellantis' Board of Directors has approved a share buyback program of up to €3 billion, excluding ancillary costs, to be completed by December 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 8:50 am

PRME

Prime Medicine announced an upsized public offering of 19,200,001 common shares at $6.25 each and pre-funded warrants for 3,200,005 shares at $6.24999 each, less a $0.00001 exercise price per warrant.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 8:06 am

BMY

Bristol Myers Squibb has announced the pricing of $13 billion in senior unsecured notes, distributed across nine tranches with varying interest rates and maturity dates ranging from 2026 to 2064. This strategic financial move aims to diversify the company's funding sources and extend its debt maturity profile.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:57 am

AGYS

Agilysys, Inc. (NASDAQ:AGYS), a global provider of hospitality software solutions, announced the pricing of a secondary offering of 867,729 shares by MAK Capital managed funds, totaling $72.7 million in gross proceeds for the sellers. Agilysys will not sell any shares nor receive proceeds from this offering, which is expected to close on February 20, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:48 am

REVG

REV Group has announced an upsized secondary offering of 16 million shares at $16.50/share, with an option for underwriters to buy an additional 2.4 million shares. REV Group itself is not selling any shares and will not receive proceeds from the sale. The offering is expected to close around February 20, 2024. Additionally, REV Group plans to repurchase 8 million shares from the offering at approximately $15.76/share, using cash and borrowings. Baird, Goldman Sachs, Morgan Stanley, and D.A. Davidson & Co. are managing the offering.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:46 am

EWU

U.K. business investment for Q4 showed a significant increase of 1.5% quarter-over-quarter, surpassing the estimated decline of -0.1% and a substantial improvement from the revised -2.8% in the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:07 am

STLA

Stellantis plans to execute a €3.0 billion open-market share buyback program in 2024, including €0.5 billion for share-based compensation and employee share purchases.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:58 am

STLA

Stellantis proposes a dividend increase of approximately 16% to €1.55 per common share, pending shareholder approval. The dividend schedule for NYSE, Euronext Milan, and Euronext Paris includes an ex-date of April 22, 2024, a record date of April 23, 2024, and a payment date of May 3, 2024. Additionally, Stellantis plans a 2024 open-market share buyback program worth €3.0 billion, including €0.5 billion for share-based compensation and employee share purchases.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:56 am

NVDA

SLG

Jim Cramer, host of CNBC's 'Mad Money', advises investors not to worry about recent market fluctuations, dismissing bearish signals as normal. He highlights the resilience of the market and specific companies like SL Green Realty Corp and NVIDIA Corp, suggesting the current market offers buying opportunities despite uncertainties around the Fed's actions and a potential commercial real estate crisis impacting regional banks.

Portfolio Pulse from Benzinga Neuro

February 15, 2024 | 1:29 am

BKKT

Bakkt Holdings, Inc. (BKKT) announced its shelf registration statement on Form S-3 was declared effective by the SEC on February 14, 2024. This allows Bakkt to raise up to $150 million in capital over the next three years through one or more offerings. The flexibility provided by this registration is seen as a significant benefit for future capital raising efforts.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 11:55 pm