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Equity Actions

VNO

Vornado Realty Trust (NYSE:VNO) has announced plans to sell four Manhattan retail properties and The Armory Show for a combined sales price of $124.4 million. The sale is expected to close in the third quarter and will result in an approximately $20 million gain.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 9:19 pm

ACN

Accenture (NYSE:ACN) has announced a series of leadership changes effective from September 1, 2023. Manish Sharma, currently the COO, will become CEO - North America, succeeding Jimmy Etheredge who is retiring. John Walsh will become the COO, Steve Ferneyhough will become Chief Strategic Accounts & Global Sales Officer, Paul Daugherty will become Chief Technology & Innovation Officer, and Karthik Narain will become Group Chief Executive – Technology. These changes are expected to drive the company's growth strategy and digital transformation.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 9:16 pm

OVV

Ovintiv Inc. has filed for a 31.8 million shelf offering, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:15 pm

INZY

Inozyme Pharma, Inc. (NASDAQ:INZY) is commencing an underwritten public offering of $60M of shares of its common stock. The company also intends to grant the underwriters an option for a period of 30 days to purchase up to an additional 15% of the shares. The offering is subject to market and other conditions. BofA Securities, TD Cowen and Piper Sandler are acting as joint book-running managers for the offering.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 9:13 pm

GMED

G Medical Innovations has filed for a firm commitment offering of up to 26.5 million shares. The company is looking to raise capital through this offering.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:06 pm

IRDM

The board of Iridium Communications Inc. has approved an additional $400 million share repurchase program, bringing the total authorizations to $1 billion.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 9:03 pm

GOOD

Gladstone Commercial Corporation (NASDAQ:GOOD) has sold its 26,080 square foot office building in Pittsburgh, Pennsylvania. The company realized a leveraged internal rate of return of approximately 18% on the investment, which it originally acquired in 2011. The sale is part of Gladstone's capital recycling plan to re-position its portfolio.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 9:01 pm

FINW

FinWise Bancorp has announced that it has acquired an additional 10% ownership stake in Business Funding Group.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:57 pm

TRP

TC Energy's board has approved plans to split into two independent, publicly listed companies through the spinoff of its Liquids Pipelines business. The decision follows a two-year strategic review and is expected to be completed tax-free in the second half of 2024. The new Liquids Pipelines Company will be led by Bevin Wirzba.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:54 pm

UIHC

United Insurance Holdings Corp. (NASDAQ:UIHC) has announced a corporate name change to 'American Coastal Insurance Corporation' and will begin trading on NASDAQ under the new ticker symbol 'ACIC' from August 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 8:54 pm