Streetbeat News

Equity Actions

ST

Sensata Technologies Holding plc (NYSE:ST) has announced that its subsidiary, Sensata Technologies B.V., plans to fully redeem all of its outstanding $400 million 5.625% Senior Notes due in 2024. The redemption will comply with the indenture terms and the notice of redemption provided to the registered holders of the Notes.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:24 pm

VNET

VNET Group, Inc. has received a strategic investment of $299 million from Shandong Hi-Speed Holdings Group. This investment could bolster VNET's financial position and potentially lead to future collaboration between the two entities.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:21 pm

EYPT

EyePoint Pharmaceuticals has issued inducement grants in accordance with NASDAQ Listing Rule 5635(c)(4). These grants are typically offered to new employees as an incentive to join the company and are a common practice in the industry to attract talent.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 12:11 pm

GSK

HLN

JNJ

KVUE

SNY

Sanofi SA (NYSE:SNY) is considering spinning off its consumer health division, potentially valued over $20 billion, with Rothschild & Co. advising on the process. The spinoff, expected by Q4 2024, aims to focus Sanofi on innovative medicines and vaccines. Major buyout firms are interested in the division, which includes products like Phytoxil, Icy Hot, and Dulcolax. The move follows similar actions by GSK Plc (NYSE:GSK) and Johnson & Johnson (NYSE:JNJ), who spun off Haleon Plc (NYSE:HLN) and Kenvue Inc (NYSE:KVUE). Sanofi's shares dropped 0.68% in premarket trading.

Portfolio Pulse from Vandana Singh

November 16, 2023 | 11:58 am

SNV

Synovus Financial has announced the early tender results of its tender offer to purchase up to $150 million of its securities. The company has also extended the early tender payment to apply through the expiration time of the offer.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:54 am

GB

Global Blue has announced a strategic equity investment of $100 million from Tencent. The investment was made at a price of $5.50 per share.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:43 am

PHM

PulteGroup has announced a 25% increase in its quarterly cash dividend, raising it from $0.16 to $0.20 per share. This change will take effect with the dividend scheduled for payment on January 3, 2024, to shareholders on record as of December 19, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:31 am

GB

Global Blue Group has entered into a share purchase agreement with Tencent Mobility and other parties. Tencent Mobility has agreed to purchase 9.1 million shares of Global Blue Group for $50 million, as disclosed in an 8-K filing.

Portfolio Pulse from Charles Gross

November 16, 2023 | 11:14 am

TPC

Tutor Perini Corporation has appointed Ryan Soroka as Senior Vice President and Chief Financial Officer, effective November 15, 2023. Soroka will retain his current role as Chief Accounting Officer in addition to his new responsibilities.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 11:07 am

YUMC

Yum China Holdings, Inc. has announced a share repurchase program where it plans to buy back shares worth $750 million in 2024. This is part of a larger commitment to return $3 billion to shareholders through dividends and share buybacks from 2024 to 2026.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 10:48 am