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Equity Actions

TRI

Thomson Reuters and certain Blackstone-affiliated investment funds have collectively sold 35.0 million shares of London Stock Exchange Group PLC (LSEG) at a price of £79.50 per share. The sale was conducted through a placement to institutional investors, an offer to retail investors, and includes approximately 9.5 million shares sold directly to LSEG in satisfaction of their previously announced intention to conduct a directed buyback of up to £750 million.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:32 am

MEI

MEI has revised its Q2 and FY24 forecasts downwards due to operational inefficiencies and costs related to the discontinuation of Dabir Surfaces and acquisition of Nordic Lights. Q2 net sales are expected to be $285M-$295M, down from $310.52M estimated, and adjusted EPS is expected to be $0.12-$0.17, down from $0.49 estimated. FY24 net sales are expected to be $1.14B-$1.18B, down from $1.15B-$1.20B, and adjusted EPS is expected to be $0.88-$1.08, down from $1.55-$1.75. FY25 forecasts remain unchanged.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 11:17 am

AAPL

AMZN

GOOG

Apple Inc. is reportedly preparing to launch Siri 2.0, a significant update to its voice assistant, in response to criticisms and competition from rivals like Alphabet Inc.'s Google Assistant and Amazon Inc.'s Alexa. The company has invested heavily in artificial intelligence and has been recruiting top-tier engineers to work on generative AI projects. The goal of Siri 2.0 is to integrate advanced large-language models (LLMs) into the voice assistant, enabling users to automate complex tasks using natural language.

Portfolio Pulse from Ananya Gairola

September 07, 2023 | 10:50 am

TPH

Oppenheimer analyst Tyler Batory has upgraded Tri Pointe Homes (NYSE:TPH) from Perform to Outperform and set a new price target of $36.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 10:48 am

ROL

Rollins, Inc. (NYSE:ROL) has announced the pricing of a secondary public offering of 38,724,100 shares of its common stock by LOR, Inc., an existing stockholder, at a price of $35.00 per share. The offering is expected to close on September 11, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 10:31 am

LZ

LegalZoom.com Inc (NASDAQ:LZ) has priced a public offering of 14 million shares of its common stock by a stockholder at $10.00 per share, a 9.8% discount to the company’s closing price on September 6, 2023. The secondary offering was upsized from the previously announced offering of 13 million shares. LegalZoom also intends to repurchase $45.1 million worth of shares in a private, non-underwritten transaction.

Portfolio Pulse from Shivani Kumaresan

September 07, 2023 | 10:22 am

WDH

Waterdrop Inc's board has approved a new share repurchase program, authorizing the company to buy back its own ordinary shares in the form of American depository shares with an aggregate value of up to $50 million. The program, which will run for a twelve-month period through September 6, 2024, will be funded by existing cash on the company's balance sheet.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 10:09 am

BYDDF

NIO

VWAGY

XPEV

Volkswagen's CEO, Oliver Blume, has dismissed concerns over the rising threat from Chinese electric vehicle (EV) makers, stating that European manufacturers hold an advantage due to their vehicle know-how, quality levels, and brand legacy. Despite the increase in EVs shipped to Germany from China, Blume remains confident in VW's competitive edge. He also highlighted VW's focus on reducing battery costs by 50% with its new unified cell, enabling cheaper EVs.

Portfolio Pulse from Benzinga Neuro

September 07, 2023 | 9:50 am

LZ

LegalZoom has priced an upsized secondary offering of 14 million common shares at $10 per share.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 6:59 am

NTRA

Natera has priced its follow-on offering of 4.55 million common shares at $55 per share.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 6:37 am