Streetbeat News

Equity Actions

AGTI

DOCN

DigitalOcean (DOCN) is set to replace Agiliti (AGTI) in the S&P SmallCap 600 before the market opens on May 7, as Thomas H. Lee Partners L.P. finalizes its acquisition of Agiliti.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:23 pm

AVNW

Aviat Networks has filed for a $400 million mixed-securities shelf offering according to an SEC filing. This move allows the company to sell securities in the future, providing flexibility in financing its operations or growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:20 pm

LFUS

The board of Littelfuse has approved a stock repurchase program allowing the company to buy back up to $300 million of its shares. This move is part of the company's strategy to return value to its shareholders and potentially increase the earnings per share by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:17 pm

AMTD

HKD

AMTD Group Inc. has announced a new leadership structure involving a rotating CEO system and a completely independent, non-executive board for its operating companies, including AMTD IDEA Group (AMTD) and AMTD Digital Inc. (HKD). This innovative approach aims to foster diverse leadership, shared values, and long-term sustainability by rotating CEOs every six months to leverage collective wisdom and nurture future leaders.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 9:07 pm

HAIN

Hain Celestial Group (NASDAQ:HAIN) announced strategic actions to simplify its portfolio and operating footprint, aiming to reduce complexity and strengthen its balance sheet. The company is reducing its portfolio assortment by 62%, consolidating its personal care manufacturing footprint, and streamlining its co-manufacturing network globally. These actions are part of the Hain Reimagined business strategy, focusing on driving a core portfolio of brands across five categories and leveraging scale and synergies across five core geographies. The initiatives include global SKU reductions, the sale of the Thinsters cookie brand, and the consolidation of manufacturing plants, which are expected to unlock annualized savings, generate operating cash flow to pay down debt, and drive gross margin expansion.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:58 pm

BRK.B

The 2024 Berkshire Hathaway annual shareholders meeting will be the first without Charlie Munger, who passed away in November at 99. Warren Buffett, Berkshire's CEO, has often credited Munger as the brains behind the company. The meeting in Omaha will feature other key figures like Greg Abel and Ajit Jain. Munger's absence marks a significant change for the event, known as the 'Woodstock for Capitalists,' which attracts investors worldwide.

Portfolio Pulse from Chris Katje

April 30, 2024 | 8:58 pm

NDAQ

Nasdaq (NDAQ) has filed for a mixed shelf offering, though the size of the offering has not been disclosed. This move allows Nasdaq to potentially raise capital through the sale of various types of securities in the future.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:55 pm

TMUS

T-Mobile has agreed to sell €2.0 billion of Euro-denominated senior notes. This move is part of the company's financial strategy to manage its debt or finance its operations.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:49 pm

DJT

A recent 13G filing with the SEC reveals that Donald J. Trump has increased his share stake in Trump Media & Technology to 64.9% as of April 26, up from 57.6% as of March 25.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:47 pm

KRG

Kite Realty Group Trust (KRG) has updated its FY24 earnings guidance, raising its NAREIT FFO forecast from $2.00-$2.06 to $2.02-$2.08 per diluted share. The adjustment is based on improved same property NOI projections and a reduced bad debt assumption. Net income for FY24 is expected to be between $0.30 and $0.36 per diluted share.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 8:27 pm