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Equity Actions

ZIM

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) has announced a new operational cooperation agreement with MSC, the industry's largest carrier. The agreement includes services connecting the Indian subcontinent with the East Mediterranean, the East Mediterranean with Northern Europe, and services connecting East Asia with Oceania. The agreements between ZIM and MSC includes vessel sharing, slot purchases, and swap arrangements. The collaboration is expected to enhance operational efficiencies and service levels for ZIM's customers.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 8:38 pm

DD

DuPont (DD) has announced a new $2 billion accelerated share repurchase transaction. This move is expected to provide immediate returns to shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:28 pm

NTRA

Natera, a genetic testing company, has announced a proposed follow-on offering of $250 million. The funds raised will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:24 pm

TRIN

Trinity Capital Inc. (NASDAQ:TRIN) has announced a CEO transition as part of its long-term succession plan. Current CEO, Steve Brown, will become Executive Chairman of the Board of Directors, while Kyle Brown, currently President and Chief Investment Officer, will assume the role of CEO effective January 1, 2024. The transition is part of the company's commitment to delivering value to stakeholders and positioning itself for continued excellence in the growth-stage lending landscape.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 8:22 pm

RPID

Rapid Micro Biosystems will participate in the Morgan Stanley 21st Annual Global Healthcare Conference on September 12.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:21 pm

AEO

American Eagle Outfitters has raised its FY2024 operating income guidance from $250M-$270M to $325M-$350M, reflecting better than expected business performance in Q2 and continued profit improvement. For Q3, the company expects revenue to increase by low single digits with operating income in the range of $115M-$125M. The company also expects SG&A to increase in the low double digits for the year.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 8:21 pm

BROS

Dutch Bros Inc. has announced a proposed public offering of $300 million of Class A common stock.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:19 pm

LZ

LegalZoom has announced that a selling stockholder intends to offer 13 million shares of common stock via a public offering. The company also plans to repurchase an aggregate of $45.1 million of shares concurrently.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:16 pm

GRBK

Green Brick Partners has announced the launch of a secondary offering of 850,000 shares of common stock by a selling stockholder. The company itself will not receive any proceeds from this offering.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:15 pm

PLAY

Dave & Buster's has increased its remaining share repurchase program authorization from $100 million to $200 million at the end of the second quarter of 2023.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 8:11 pm