Streetbeat News

Equity Actions

DTC

Solo Brands, Inc. (NYSE:DTC) announced that its CFO, Somer Webb, will step down on December 10, 2023, to pursue other opportunities. Andrea Tarbox, a board member and audit committee chair, will serve as Interim CFO. The company also reiterated its fiscal 2023 guidance, expecting revenue between $520 and $540 million, with adjusted EBITDA margin of 17% to 18%.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:15 pm

MPC

Marathon Petroleum Corp. has announced a 10% increase in its quarterly dividend to $0.825 per share. The company has also authorized a $5 billion share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:05 pm

EDR

Private equity firm Silver Lake is considering a take-private deal of Endeavor Group Holdings, Inc. (EDR).

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:03 pm

THTX

Theratechnologies Inc. (NASDAQ:THTX, TSX:TH) has announced a public offering of common shares and a concurrent private placement. The company will grant the underwriter, Cantor Fitzgerald & Co., a 30-day option to purchase up to an additional 15% of the shares. In connection with the public offering, Theratechnologies will enter into a subscription agreement with Investissement Québec for a private placement of up to US$12.5 million.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:03 pm

PROV

Provident Financial has announced that its Chairman and CEO, Craig Blunden, will retire from his management positions as CEO and the Bank effective January 1, 2024. Donavon P. Ternes will be appointed as the new President and CEO. Post retirement, Blunden will transition to a non-executive Chairman of the Board role.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 9:00 pm

NOW

ServiceNow (NYSE:NOW) and ANSR have announced a strategic partnership to establish ServiceNow Centers of Excellence in more than 60 Global Capability Centers (GCCs) to train 3,500 individuals across India. The partnership is part of the ServiceNow Ecosystem Ventures program, which aims to accelerate partner growth in key global markets. ANSR will also use ServiceNow for its own internal GCC service delivery, including Now Assist generative AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 8:56 pm

SLB

Schlumberger Limited (SLB) has filed a prospectus supplement related to the resale of up to 5.1 million shares of common stock by a selling stockholder.

Portfolio Pulse from Charles Gross

October 25, 2023 | 8:50 pm

TKNO

Alpha Teknova (TKNO) has filed a prospectus related to the offering on a resale basis of an aggregate of 11.3 million shares of common stock by selling stockholders.

Portfolio Pulse from Charles Gross

October 25, 2023 | 8:46 pm

LYG

Lloyds Banking Group Inc. (NYSE:LYG) has seen a 2.06% increase in its share price in the current market session, reaching $1.98. Despite a 6.10% drop over the past month, the stock has risen by 2.56% over the past year. The company's P/E ratio is lower than the aggregate P/E of the Banks industry (32.35), which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 8:45 pm

MITA

MITAU

MITAW

Coliseum Acquisition Corp. (NASDAQ:MITAU, MITA, MITAW) has announced its fifth extension of the deadline to complete an initial business combination, moving the date from October 25, 2023, to November 25, 2023. This is one of twelve potential one-month extensions available to the company. Berto LLC, an affiliate of Harry L. You, deposited $100,000 into Coliseum's trust account in connection with this extension.

Portfolio Pulse from Charles Gross

October 25, 2023 | 8:44 pm