Streetbeat News

Equity Actions

TEAF

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) reported its unaudited balance sheet information and asset coverage ratio as of January 31, 2024. The total assets were approximately $227.6 million, with a net asset value of $197.7 million, or $14.66 per share. The asset coverage ratio under the 1940 Act was 775%.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 6:24 am

MAT

Barington Capital, a shareholder of Mattel, Inc. (MAT), has sent a letter to Mattel's CEO advocating for strategic changes to enhance shareholder value. These include exploring strategic alternatives for Fisher-Price and American Girl, reducing stock-based compensation, and initiating a $2 billion share repurchase program.

Portfolio Pulse from Charles Gross

February 02, 2024 | 1:25 am

EXPO

Exponent, Inc. has announced an increase in its stock buyback program to $100 million. This move indicates the company's confidence in its financial health and future prospects, potentially signaling to investors a positive outlook.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 10:19 pm

DIS

Walt Disney (DIS) has publicly stated that its Board of Directors does not endorse the nominees from Trian Group and Blackwells, arguing that these nominees lack the necessary skills and expertise to support Disney's efforts in driving profitable growth and shareholder value amidst industry challenges.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 10:13 pm

DIS

The Walt Disney Company's board has recommended that shareholders vote for the company's 12 nominees using the white card at the 2024 Annual Meeting scheduled for April 3, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 10:12 pm

RGA

The board of Reinsurance Group Of America has authorized a new repurchase program, allowing the company to buy back up to $500 million of its own shares. This move is part of the company's strategy to manage its capital efficiently and deliver value to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:59 pm

GTN

Gray Television, Inc. (GTN) and Marquee Broadcasting have reached an agreement to swap television station assets. This strategic move is aimed at optimizing their respective broadcasting portfolios. The specific details of the assets being swapped were not disclosed, but such agreements typically involve the exchange of licenses, coverage areas, or other broadcasting assets to better align with each company's strategic goals.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:39 pm

AEO

AEO Inc. has announced an authorization for a share repurchase program, allowing the company to buy back up to 30 million shares. This move is often seen as a sign of confidence by the company's management in its future prospects and can potentially increase shareholder value by reducing the number of shares outstanding, thus possibly increasing earnings per share.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:38 pm

DXC

DXC Technology has officially appointed Raul Fernandez as its President and CEO, effective immediately. Fernandez, who took on the role of Interim President and CEO in December 2023, has a history of leading successful companies and has been a member of DXC's Board of Directors since 2020. Following this appointment, the Board has halted its search for a new CEO.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:35 pm

DIS

Trian has filed a definitive proxy statement for Disney's 2024 Annual Meeting, recommending shareholders to 'withhold' votes for directors Michael B.G. Froman and Maria Elena Lagomasino. This move indicates a push for changes in Disney's board composition and potentially its strategic direction.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 9:23 pm