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GIS

General Mills plans to sell its North American yogurt business, which is expected to dilute adjusted EPS by approximately 3% in the first year post-sale. The company intends to use the proceeds for share repurchases and will provide more details in its Q1 2024 earnings report.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:03 am

SMMT

Summit Therapeutics has successfully raised $235 million by selling 10.35 million shares at $22.70 each. The capital raise included $79 million from insiders and $156 million from institutional investors.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 10:36 am

CURV

Torrid Holdings announced the pricing of a public offering of 8 million shares at $4.00 per share, to be sold by certain stockholders. The offering is expected to close on September 13, 2024. Torrid will not receive any proceeds from this sale.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 10:31 am

USB

U.S. Bancorp has announced a share repurchase program authorizing the buyback of up to $5 billion worth of shares, with plans to start repurchasing by early 2025.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 10:02 am

CVEO

Civeo has renewed its share repurchase authorization, allowing the company to buy back up to 5% of its outstanding shares over the next year. The repurchases will be funded through cash on hand and cash generated from operations.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 8:25 am

VNOM

Viper Energy has priced an upsized public offering of 10 million Class A common shares at $42.50 each, expecting net proceeds of approximately $413.7 million. The funds will be used to partially finance the acquisition of subsidiaries from Tumbleweed Royalty IV, LLC. The offering is set to close on September 13, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 7:43 am

VIK

Viking has priced a secondary offering of 30 million common shares at $31 per share. The company is not offering any ordinary shares and will not receive proceeds from this offering.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 7:23 am

SYRA

Syra Health Corp. has announced a $2.1 million public offering, pricing shares and warrants at $0.64 each. The offering includes 3,203,125 shares of Class A common stock and Series A and B warrants.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 7:13 am

NNAG

99 Acquisition Group, Inc. (NASDAQ:NNAG) will dissolve and liquidate, redeeming public shares at $10.55 each, due to the inability to complete a business combination with Nava Health MD, Inc.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 7:03 am

OWLT

Owlet has priced a public offering of 3,135,136 shares at $3.70 each and completed debt refinancing, expecting total proceeds of up to $46.6 million. The company anticipates $11.6 million from the public offering and up to $35 million from debt refinancing.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 7:00 am