Streetbeat News

Equity Actions

RDHL

Redhill Biopharma has announced a plan to change the ratio of its American Depositary Shares (ADS). The new plan will exchange every twenty-five existing ADS for one new ADS.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:07 am

ANTX

AN2 Therapeutics has adopted a limited duration stockholder rights plan, set to expire on August 15, 2025, in response to BML Investment Partners acquiring 19.3% of its common stock. The plan aims to prevent any entity from acquiring 20% or more of the company's stock without triggering the rights plan.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 11:04 am

GRIN

Grindrod Shipping announced that its previously declared Selective Capital Reduction has become effective. All issued ordinary shares, except those held by Good Falkirk (MI) Limited, have been canceled. A cash distribution of $14.25 per share will be paid to participating shareholders by August 27, 2024.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 9:33 am

PGRU

PropertyGuru Group Limited (NYSE:PGRU) will be acquired by EQT Private Capital in an all-cash deal valued at $1.1 billion. The transaction, expected to close in Q4 2024 or Q1 2025, will result in PropertyGuru ceasing to trade on the NYSE and becoming a private company.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 7:39 am

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) announced a $150 million convertible notes offering to fund datacenter expansion and ASIC-based mining rig development. The offering is expected to close on August 20, 2024, with net proceeds estimated at $144.5 million.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:52 am

TIXT

TU

TELUS Corporation has increased its stake in TELUS Digital by acquiring over 2.5 million subordinate voting shares, representing more than 2% of the outstanding shares. The shares were purchased through market transactions on the Toronto Stock Exchange.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:25 am

SNDA

Sonida Senior Living has priced an upsized public offering of 4.3 million common stock at $27 per share. The company plans to use $102.9 million of the net proceeds to acquire eight senior living communities and the remaining for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2024 | 6:19 am

LUV

Artisan Partners Global Value Team, holding 1.8% of Southwest Airlines' shares, supports Elliott's nominees for the board to bring new leadership. They urge the board to cooperate or face a vote for the nominees in an extraordinary shareholder meeting.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 9:52 pm

HRB

H&R Block Inc (NYSE:HRB) reported strong Q4 earnings, beating revenue and EPS estimates. The company announced a $1.5 billion share buyback program and increased its quarterly dividend by 17%. H&R Block provided strong guidance for FY25, expecting revenue and adjusted earnings to exceed estimates. The stock rose 9.24% in after-hours trading.

Portfolio Pulse from Adam Eckert

August 15, 2024 | 9:12 pm

BX

GTES

Gates Industrial announced that certain stockholders affiliated with Blackstone have commenced a secondary offering of 20 million ordinary shares. Gates will not receive any proceeds from this sale. Additionally, Gates has entered into a share repurchase contract with Citigroup Global Markets Inc. to repurchase $125 million of ordinary shares.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 8:51 pm