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LUV

Southwest Airlines is restructuring its board, with Executive Chairman Gary Kelly accelerating his retirement to November 1, 2024, and becoming Chairman Emeritus. The board will appoint a new independent Chairman and reduce its size to 13 members by the 2025 Annual Shareholder Meeting. The Finance Committee has been refreshed with new members.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:26 am

TKO

TKO Group has announced a $2 billion share repurchase program and initiated a quarterly cash dividend program, distributing $75 million to Class A common stockholders.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 10:58 am

LVS

Las Vegas Sands shares are trading higher despite missing Q3 earnings expectations. The company has authorized $2 billion for future stock repurchases and increased its quarterly dividend.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 10:14 am

LKQ

LKQ Corporation has announced a $1 billion increase and a one-year extension to its stock repurchase program, raising the total authorization to $4.5 billion through October 25, 2026.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 9:59 am

BEAGU

Bold Eagle Acquisition Corp. has priced its 25 million units at $10 each in a $250 million IPO. The units include one Class A ordinary share and one Eagle Share Right, which entitles the holder to 1/20th of a Class A ordinary share. The sponsor will reduce founder shares by the amount equal to the shares underlying the Eagle Share Rights.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 8:27 am

BOW

Bowhead Specialty has priced a secondary offering of 4 million common shares at $29 per share.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 7:18 am

OACC

Oaktree Acquisition Corp. III Life Sciences has priced its IPO at $175 million, with 17.5 million units at $10 each. The units will trade on Nasdaq under the symbols 'OACC' and 'OACCW'. The offering is expected to close on October 25, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 6:53 am

INGM

Ingram Micro has announced the pricing of its IPO, offering 18.6 million shares at $22 each. The shares will trade under the ticker 'INGM' on the NYSE starting October 24, 2024. The company will not receive proceeds from shares sold by existing stockholders.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 6:44 am

NHYDY

Hydro has reduced its stake in Vianode from 30% to 19.9% by selling 10.1% to Altor and exiting the Board of Directors. A mutual put/call option for the remaining shares exists, exercisable by February 2025.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 6:37 am

EQNR

Equinor is set to commence the fourth tranche of its 2024 share buy-back program, purchasing up to $528 million in shares, with a total tranche value of up to $1.6 billion. The program, announced in February 2024, aims for a total buy-back of $10-12 billion over 2024-2025.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 5:03 am