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DSKE

TFII

TFI International Inc. (NYSE:TFII) is set to acquire Daseke, Inc (NASDAQ:DSKE) for $8.30 per share in cash, valuing the deal at approximately $1.1 billion. This represents a significant premium over Daseke's recent stock prices. The merger will bolster TFI's Truckload segment, making it one of the largest in Canada and a major player in the U.S. specialized truckload market. The deal is expected to be EPS-neutral in 2024 and accretive by at least $0.50 per share in 2025. Shares of both companies rose on the news, with TFII up 5.15% and DSKE up 64.97%.

Portfolio Pulse from Nabaparna Bhattacharya

December 22, 2023 | 2:59 pm

NVRO

Truist Securities analyst Richard Newitter has maintained a Hold rating on Nevro Corp (NYSE:NVRO) and increased the price target from $22 to $23.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:59 pm

LULU

Lululemon Athletica Inc (NASDAQ:LULU) shares dropped by 1.1% to $505.65, reacting to Nike's mixed Q2 results and lowered outlook, which negatively affected the athletic apparel sector. Nike reported higher-than-expected earnings but missed revenue forecasts, leading to a decline in sector confidence. Lululemon's stock fluctuation is in sympathy with Nike's performance.

Portfolio Pulse from Henry Khederian

December 22, 2023 | 2:56 pm

DSKE

Daseke Inc. shares have resumed trading after a temporary halt. The resumption of trading allows investors to buy and sell Daseke stock once again.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:50 pm

IFF

Intl Flavors & Fragrances (NYSE:IFF) has announced a quarterly dividend of 81 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on January 8, 2024. The stock is expected to open 81 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:46 pm

CM

Canadian Imperial Bank (NYSE:CM) announced a quarterly dividend of 90 cents per share, with the ex-dividend date being Wednesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on January 29, 2024. The stock is expected to open 90 cents lower on the ex-dividend date.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:45 pm

MSAI

Infrared Cameras Holdings, Inc. shares have resumed trading. There is no additional context provided regarding the reason for the halt or the implications of the resumption.

Portfolio Pulse from Benzinga Newsdesk

December 22, 2023 | 2:45 pm

CIB

BanColombia (NYSE:CIB) has announced a quarterly dividend of 88.35 cents per share, with Tuesday being the last day for investors to buy the stock and be eligible for the dividend. The stock will go ex-dividend on Wednesday, meaning it will likely open 88.35 cents lower to reflect the payout. Shareholders owning CIB by the end of Tuesday's session will receive the dividend on January 12, 2024.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:45 pm

FLXS

Flexsteel Industries (NASDAQ:FLXS) announced a quarterly dividend of 15 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on January 8, 2024. The stock is expected to open 15 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:45 pm

XEL

Xcel Energy (NASDAQ:XEL) has announced a quarterly dividend of 52 cents per share, with the ex-dividend date set for Wednesday. Shareholders must own the stock before this date to be eligible for the dividend, which will be paid on January 20, 2024. The stock is expected to open 52 cents lower on the ex-dividend date to reflect the payout.

Portfolio Pulse from Benzinga Insights

December 22, 2023 | 2:45 pm