Streetbeat News

Equity Actions

CAT

Caterpillar announced its voluntary delisting from Euronext Paris and plans to delist from the SIX Swiss Exchange before the end of 2024. Its common stock will continue to be traded on the NYSE, its primary listing exchange.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 9:03 pm

MED

Medifast has announced that 2024 will be a year focused on investment for future growth, indicating strategic plans to enhance its business operations and market position.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:47 pm

DSAQ

Direct Selling Acquisition Corp. (DSAQ) announced the delisting of its common stock and units from the New York Stock Exchange (NYSE). This move could significantly impact the company's visibility and liquidity in the market, affecting investor sentiment and potentially the stock's future trading dynamics.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:47 pm

GPC

Genuine Parts announced that Paul Donahue will become Executive Chairman on June 3, 2024. William P. Stengel, II, currently President and COO, will then become President and CEO and join the board of directors.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:34 pm

RSVR

Reservoir Media has filed with the SEC for a mixed shelf offering of up to $100 million. This move allows the company flexibility in financing options over time.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:33 pm

FLS

Flowserve has increased its adjusted earnings per share (EPS) forecast for fiscal year 2024 from the range of $2.40-$2.60 to $2.50-$2.70, compared to the analyst estimate of $2.54.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:31 pm

BLND

Blend Labs, Inc. (NYSE:BLND) has announced a strategic partnership with Haveli Investments, including a $150 million investment in convertible preferred stock with a 0% coupon. Blend will use approximately $145 million to repay its existing credit agreement, enhancing its financial position for long-term growth. Brian Sheth, Haveli's Chief Investment Officer, will join Blend's Board of Directors, signaling confidence in Blend's growth strategy and its role in transforming financial services.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:29 pm

LIVE

LL

LL Flooring has reached a cooperation agreement with Live Ventures and Isaac Capital Group regarding director nominations for its upcoming Annual Meeting of Stockholders. Isaac Capital Group, holding 3.8% of LL Flooring's common stock, withdrew its three director nominations in favor of the company's choices. LL Flooring also received additional nominations from other shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:19 pm

CCK

Crown Holdings projects Q2 EPS to be between $1.55 and $1.65, aligning with estimates of $1.56. The company also reaffirms its full-year 2024 EPS guidance of $5.80 to $6.20, closely matching the $5.98 estimate. Additionally, Crown Holdings anticipates an adjusted effective income tax rate of around 25% and aims to maintain its adjusted net leverage at the lower end of the 3.0x to 3.5x target range.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:07 pm

PARA

Paramount Global announces leadership changes with Bob Bakish stepping down. George Cheeks, Chris McCarthy, and Brian Robbins appointed to lead as Office of the CEO. The new leadership aims to accelerate growth, streamline operations, and optimize streaming strategy. Paramount Global's Board expresses confidence in the new leaders' ability to enhance company performance and value creation.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 8:01 pm