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NUBI

Nubia Brand International has announced the postponement of its special meeting of shareholders to December 14, 2023. Additionally, the deadline for the redemption of public shares of Nubia Class A common stock has been extended to December 12, 2023, at 5:00 p.m. Eastern Time.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 10:23 pm

PRU

Prudential Financial's board has authorized a stock repurchase program allowing the company to buy back up to $1.0 billion of its common stock from January 1, 2024, to December 31, 2024, according to a recent filing.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:47 pm

RCI

Rogers Communications Inc. has disclosed a private sale of its shares in Cogeco, which will reduce its debt leverage ratio by an additional 0.1X. This move is part of Rogers' efforts to improve its financial position by lowering debt.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:41 pm

PNR

Pentair plc (NYSE:PNR) has announced an increase in its quarterly cash dividend from $0.22 to $0.23 per share, marking a 5 percent increase and the 48th consecutive year of dividend growth. The dividend is payable on February 2, 2024, to shareholders of record as of January 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:40 pm

OMH

Ohmyhome Ltd has filed with the SEC for an offering of ordinary shares, although the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:39 pm

EGLE

SBLK

Eagle Bulk Shipping Inc. shareholders are set to receive 2.6211 shares of Star Bulk Carriers Corp. common stock for each share of Eagle they own. The deal values Eagle shares at $52.60 each, a 17% premium over the closing price on December 8, 2023. Post-transaction, Star Bulk and Eagle shareholders will own about 71% and 29% of the merged entity, respectively.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:36 pm

DECA

Denali Capital Acquisition Corp. (DECA) has deposited $50,000 into its trust account to extend the deadline for completing a business combination from December 11, 2023, to January 11, 2024. This extension is in line with the company's amended and restated memorandum and articles of association.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:34 pm

IRRX

Integrated Rail and Resources Acquisition Corp. (IRRX) has extended the deadline to complete a business combination from December 15, 2023, to January 15, 2024. This extension is in accordance with the Trust Agreement with American Stock Transfer & Trust Company, LLC, and was initiated by the Company's sponsor, DHIP Natural Resources Investments, LLC.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:26 pm

APO

SNCY

Sun Country Airlines Holdings, Inc. (SNCY) announced a secondary public offering of 4 million shares by an Apollo Global Management affiliate. The underwriters have an option to buy an additional 600,000 shares. Sun Country Airlines will not sell any shares nor receive proceeds from the offering. Concurrently, Sun Country Airlines will repurchase approximately $5 million of its stock at the same price as the offering, reducing the availability under its repurchase program. The repurchase will be funded from existing cash. Barclays and Morgan Stanley are the joint bookrunners and underwriters.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:23 pm

BMY

SystImmune and Bristol Myers Squibb (BMY) have entered into an exclusive agreement for the development and commercialization of BL-B01D1. BMY will make an $800 million upfront payment to SystImmune, with the potential for up to $500 million in near-term payments. Additionally, SystImmune could receive up to $7.1 billion in milestone payments.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 9:19 pm