Streetbeat News

Equity Actions

CB

Chubb shares are trading higher after a 13F filing showed Berkshire Hathaway added a stake of 25.92 million shares of the stock.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:14 am

ENB

Enbridge has filed prospectus supplements to enable an at-the-market (ATM) equity issuance funding option for its acquisitions. This allows Enbridge to issue and sell up to $2.75 billion of common shares at market prices.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 11:05 am

AIG

CRBG

AIG has agreed to sell 120 million shares of its Corebridge common stock to Nippon Life Insurance for $31.47 per share, totaling $3.8 billion. The shares represent 20% of Corebridge's outstanding shares. AIG will retain a 9.9% stake in Corebridge for two years post-closing, expected by Q1 2025, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 10:20 am

AEG

Aegon has announced a new €200 million share buyback program, which is expected to be completed by the end of 2024.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 9:35 am

NICE

NICE CEO Barak Eilam will step down by the end of 2024, with the Board initiating a search for his successor. Eilam will remain in his role until the end of the year and will assist in the transition process.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 9:32 am

OI

O-I Glass, Inc. announced that its subsidiary, OI European Group B.V., plans to offer €400 million in senior notes due 2029. The proceeds will be used to purchase outstanding 2.875% senior notes due 2025 and for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 7:27 am

AES

AES has agreed to sell its equity interest in AES Brasil to Auren Energia for approximately $640 million. This sale will be completed alongside a merger between AES Brasil and Auren Energia, with AES Brasil shares valued at around 11.55 Brazilian Real per share before purchase price adjustments.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 7:19 am

CMG

GOOG

GOOGL

HD

LOW

SPY

Bill Ackman's Pershing Square Holdings made significant changes in its portfolio, including divesting from Lowe's, reducing its stake in Chipotle, and adjusting its holdings in Alphabet. The firm maintained its positions in other major holdings like Restaurant Brands International and Canadian Pacific Kansas City Limited.

Portfolio Pulse from Shanthi Rexaline

May 16, 2024 | 6:53 am

CIVI

Civitas Resources has priced a secondary public offering of 6,956,520 common stock by an affiliate of the Canada Pension Plan Investment Board at $73.80 per share.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 6:37 am

VEON

VEON reported Q1 2024 revenue of $942 million, up 6.6% YoY, and EBITDA of $386 million, up 0.2% YoY. The company also reported a significant increase in capex and a reduction in gross debt. VEON maintains its FY 2024 revenue and EBITDA growth guidance.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 6:23 am