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Equity Actions

TER

Teradyne, Inc. (NASDAQ:TER) and Technoprobe S.p.A. have announced a strategic partnership, with Teradyne acquiring a 10% stake in Technoprobe and Technoprobe acquiring Teradyne's Device Interface Solutions business for $85 million. The partnership aims to accelerate growth and offer higher performance semiconductor test interfaces. The companies will also engage in joint development projects. The transactions are expected to close in the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:25 am

AMR

AVID

Alpha Metallurgical Resources (AMR) will replace Avid Technology (AVID) in the S&P SmallCap 600 index. The change will be effective prior to the opening of trading on November 10.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:58 pm

ATEN

The board of A10 Networks has authorized a $50 million repurchase plan.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:53 pm

NC

The board of NACCO Industries, Inc. (NC) has approved a repurchase program of up to $20 million of the company's outstanding common shares.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:51 pm

AGO

Assured Guaranty has announced the promotion of Robert Bailenson to COO and Benjamin Rosenblum to succeed as CFO. The changes in the executive team could potentially impact the company's strategic direction and financial performance.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:44 pm

IDA

IDACORP, Inc. (NYSE:IDA) has announced a public offering of $260 million of its common stock. The shares are expected to be borrowed by the forward counterparty from third parties and sold to the underwriters. IDACORP also plans to grant the underwriters an option to purchase up to $39 million of additional shares. Wells Fargo Securities, LLC and Morgan Stanley are acting as the representatives of the underwriters. IDACORP will enter into a forward sale agreement with Morgan Stanley, selling approximately $260 million of shares at an initial forward sale price per share equal to the price per share at which the underwriters purchase the shares.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:41 pm

HBNC

Horizon Bancorp, Inc. announced the succession plan for its CFO and a restructuring of its mortgage and consumer lending leadership. Mark Secor will transition from his role as Executive Vice President and CFO of the Company and Horizon Bank, continuing in the role until a successor is appointed and providing transitional support through April 30, 2024. The company also announced a restructuring of its mortgage and consumer lending division, with Noe Najera departing the company.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:37 pm

GLRE

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) announced that its CEO, Simon Burton, will step down from his position and as a director, effective December 31, 2023. Greg Richardson, former Chief Risk and Strategy Officer at TransRe, will succeed Burton as CEO and board member from January 1, 2024. Burton will serve as an advisor and provide transitional services through April 2024.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:33 pm

SNEX

StoneX Group Inc. (NASDAQ:SNEX) has announced a three-for-two stock split, approved by its Board of Directors, to make stock ownership more accessible. The additional shares will be distributed after trading closes on November 24, 2023, to stockholders of record at the close of business on November 17, 2023. Trading will begin on a stock split-adjusted basis on November 27, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:32 pm

PGTI

PGT Innovations, Inc. (NYSE:PGTI) has announced the appointment of Craig Henderson as Senior Vice President and Chief Financial Officer, effective October 31, 2023. Henderson, who joined PGT Innovations in 2021 as Vice President of Finance, has been serving as interim CFO since February 2023. Prior to joining PGT, he held multiple financial leadership positions at Trex Company, Inc.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:22 pm