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JBLU

SAVE

JetBlue Airways Corporation (NASDAQ:JBLU) has announced November 24, 2023, as the record date for an additional prepayment of $0.10 per share to Spirit Airlines, Inc. (NYSE:SAVE) stockholders, with the payment to be made on November 30, 2023. This is in accordance with the Merger Agreement dated July 28, 2022.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:18 pm

NRXS

NeurAxis, identified by its ticker NRXS, has successfully raised $3 million in financing by offering preferred stock at a price of $2.38 per share. This capital infusion could be used to fund the company's operations, development, and potential expansion.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:10 pm

STRW

Strawberry Fields REIT, Inc. (NYSE:STRW) has announced a share repurchase program authorized by its Board of Directors to buy back up to $5 million of its common stock. The company's CEO, Moishe Gubin, expressed that the current share price does not reflect the true value of the shares and emphasized the company's strong balance sheet, cash flow, and commitment to shareholder returns. The repurchases will be made based on market conditions and business outlook, with no set time limit for the program.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:09 pm

HTBI

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) announced the retirement of Executive Chair Dana L. Stonestreet, effective after the Annual Meeting on November 13, 2023. Richard T. 'Stick' Williams, currently Vice Chair and Lead Director, will succeed him. Stonestreet has been with HomeTrust since 1989, leading its growth from $200 million to $4.7 billion in assets. Williams, a retired Duke Energy executive, joined the HomeTrust Board in 2016 and is recognized for his extensive business experience.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 2:01 pm

AER

GE

AerCap Holdings NV's (AER) stock is trading lower after GE Capital US Holdings, a subsidiary of General Electric Company (GE), priced a secondary offering of 26.72 million AerCap shares at $65.25 each. GE also granted underwriters an option to buy up to 4 million more shares, which could end GE's ownership in AerCap. AerCap is repurchasing 7.859 million shares at $63.62 each and announced the acquisition of five GE90-115B engines from Sanad. AerCap's Q3 FY23 revenue grew 7% YOY to $1.701 billion, missing estimates, but adjusted EPS of $2.81 beat expectations. AerCap's shares are down 2.23% in premarket trading.

Portfolio Pulse from Lekha Gupta

November 14, 2023 | 1:58 pm

VNOM

Viper Energy Inc (NASDAQ:VNOM) shares dropped after announcing a secondary offering of 9,018,760 shares by certain stockholders, aiming to raise approximately $264 million. Viper Energy will not receive any proceeds from the offering but will purchase 1 million shares from the underwriter. The company's focus is on mineral and royalty interests in the Permian Basin. At the time of publication, VNOM shares were down 4.54% at $29.86.

Portfolio Pulse from Adam Eckert

November 14, 2023 | 1:56 pm

VNOM

Viper Energy's stock is trading lower following the announcement of a secondary common stock offering by certain stockholders. This offering could potentially dilute the value of existing shares or reflect an increased number of shares available in the market.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:56 pm

MBFJF

MUFG

MUFG has declared its intention to repurchase up to 400 million shares of its common stock and cancel 350 million shares of its treasury stock. This move is aimed at enhancing shareholder returns and will be conducted through the Tokyo Stock Exchange, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:42 pm

GLNCY

TECK

Teck Resources Limited (NYSE:TECK) has agreed to sell its steelmaking coal business, Elk Valley Resources, to Glencore plc and Nippon Steel Corporation for an implied enterprise value of $9 billion. Glencore will acquire a 77% stake for $6.9 billion, while Nippon Steel will buy a 20% interest. Proceeds will be used to strengthen Teck's balance sheet and return cash to shareholders. The deal is expected to close in Q3 2024 for Glencore and Q1 2024 for Nippon Steel, subject to regulatory approvals. Glencore will establish a Canadian head office for the business, maintain jobs, and increase investment in the community.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:34 pm

MBCN

Middlefield Banc Corp. (NASDAQ:MBCN) has declared a special cash dividend of $0.05 per share and a regular quarterly cash dividend of $0.20 per share, payable on December 15, 2023, to shareholders of record as of December 1, 2023. The CEO highlighted the company's strong balance sheet and business model, as well as its commitment to rewarding shareholders, noting the increase in annual cash dividend from $0.57 in 2019 to $0.85 in 2023.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:23 pm