Streetbeat News

Equity Actions

AAP

Advance Auto Parts is reportedly initiating sale processes for its Worldpac and Canadian business units. This strategic move could indicate a focus on core operations and a potential influx of capital from the sales.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:51 am

CHGG

Chegg, Inc. has announced a new $150 million accelerated share repurchase (ASR) agreement to buy back its shares, signaling confidence in the company's future and potentially increasing its earnings per share by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:48 am

MANU

Sky News Reporter Mark Kleinman has indicated that Richard Arnold's imminent departure as Manchester United's CEO signals the likely arrival of Sir Jim Ratcliffe as a new investor in the club.

Portfolio Pulse from Charles Gross

November 15, 2023 | 11:27 am

ACLX

GILD

Kite, a subsidiary of Gilead Sciences, and Arcellx have broadened their collaboration on CART-ddBCMA, initially announced in December 2022, to now include lymphomas. Arcellx will receive a $200M equity investment and an $85M upfront cash payment from Kite.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:03 am

MOVE

Movano Health has priced a public offering of 4.23 million shares of its common stock at $0.85 per share, aiming to raise $3.6 million. The offering is anticipated to close on November 17, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 11:03 am

JD

Sandy Ran Xu, the CEO of JD.com, has taken on an additional role as CEO of JD Retail. Lijun Xin, the former CEO of JD Retail, will transition to a new position within the company. This change is effective immediately.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 9:09 am

EQS

Equus Total Return, Inc. (NYSE:EQS) reported an increase in net asset value per share to $3.49 as of September 30, 2023, up from $2.96 on June 30, 2023. The company's net assets rose to $47.1 million, with the principal contributor to the increase in fair value of the portfolio holdings being identified for the third quarter of 2023.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:34 am

NI

NiSource Inc. has delayed the final remarketing of its Series C Mandatory Convertible Preferred Stock. The postponement could suggest potential changes in the terms or timing of the conversion, which may affect investor sentiment and the liquidity of the preferred shares.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:29 am

AZN

CLLS

Cellectis, a biopharmaceutical company, has executed a subsequent equity investment agreement with AstraZeneca, involving a $140 million investment. This agreement follows a prior collaboration between the two companies.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:26 am

NKE

NIKE's Board of Directors has approved a 9% increase in the quarterly cash dividend, raising it from $0.340 to $0.370 per share on both Class A and Class B Common Stock. The new dividend will be payable on January 2, 2024, to shareholders of record as of December 4, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:57 am