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Equity Actions

CHWY

Chewy announced that its Board of Directors has authorized a share repurchase program of up to $500 million of its Class A and/or Class B common stock.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:55 am

SRDX

Surmodics has entered into a definitive agreement to be acquired by private equity firm GTCR for $43.00 per share in cash, valuing the company at approximately $627 million. The acquisition price represents a 41.1% premium to Surmodics' 30-day volume-weighted average closing price. The Board of Directors has unanimously approved the transaction and recommends stockholders vote in favor. Post-transaction, Surmodics will become a privately held company and its stock will be delisted from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:22 am

BLUE

bluebird bio has appointed James Sterling as its new CFO, effective June 10, 2024. Sterling will succeed Chris Krawtschuk. Sterling was previously the CFO of Renalytix plc.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:08 am

COP

ConocoPhillips plans to increase its dividend by 34% to $0.78 per share starting in Q4 2024 and expects to repurchase over $20 billion in shares within the first three years, with over $7 billion in the first full year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:07 am

COP

MRO

ConocoPhillips (NYSE:COP) is set to acquire Marathon Oil Corporation (NYSE:MRO) in an all-stock deal valued at $22.5 billion, including $5.4 billion of net debt. The deal offers a 14.7% premium to Marathon Oil's closing share price on May 28, 2024. ConocoPhillips will also boost its dividend by 34% to $0.78 per share and plans to repurchase over $20 billion in shares within the first three years, with $7 billion in the first year.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 11:05 am

CTM

Castellum announced that Mark Fuller, Co-founder and CEO, will be stepping down. Glen Ives, currently the Chief Operating Officer, will take over as the new CEO effective July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:49 am

HOOD

Robinhood shares are trading higher after the company announced a $1 billion share repurchase program.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 10:37 am

ALLT

Allot shares are trading lower after the company reported Q1 results, reiterated FY24 guidance, and named a new CFO.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 9:59 am

BABA

JD

LNVGY

Lenovo Group Ltd. (OTC:LNVGY) will issue $2 billion in zero-coupon convertible bonds to Saudi Arabia's Public Investment Fund. The bonds will convert at a 12% discount to Lenovo's share price and represent about 12% of current capital upon maturity. Lenovo plans to establish an R&D center in Riyadh and expand production in the region. This move aligns with the PIF's strategy to diversify Saudi Arabia's economy and increase investments in Asian tech firms.

Portfolio Pulse from Benzinga Neuro

May 29, 2024 | 9:45 am

GOGL

Golden Ocean announced that CEO Lars-Christian Svensen has decided to step down. CFO Peder Simonsen has been appointed as interim CEO and CFO.

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 8:09 am