John M. Chase Aviation Capital Group finalized an order for 35 Boeing (NYSE:BA) 737 Max jets, the companies said on Monday. The order includes 16 of the 737-8 model and 19 of the bigger 737-10 variant. The aircraft leasing company now has a total of 82 orders for the best-sellingContinue Reading
Sundry Photography/iStock Editorial via Getty Images Cintas (NASDAQ:CTAS) on Monday was downgraded to Sector Perform from a previous investment rating of Outperform by analysts at RBC Capital Markets. They said the uniform rental company faces challenges as the labor market weakens. “Uniform rental and facility services revenue growth could moderateContinue Reading
hapabapa/iStock Editorial via Getty Images Sequoia Capital is reportedly offering to buy Stripe’s shares from the payment company’s investors. The proposed price would be $27.51 per share, which represents a $70 billion valuation, Axios stated in a report. The selling LPs would not pay carried interest and Sequoia partners willContinue Reading
Goldman Sachs (NYSE:GS) has lodged an appeal with the U.S. Federal Reserve challenging the regulator’s most recent “stress test”, which is set to force the bank to hold a greater amount of capital, the Financial Times reported on Sunday, citing people familiar with the matter. The Fed’s stress test determinesContinue Reading
A major shareholder of Vista Outdoor (NYSE:VSTO) is urging the company’s board to accept the MNC Capital acquisition offer of $42 per share for the entire company and reject the offer from Czechoslovak Group (CSG) to buy The Kinetic Group for $2.1B, or $21 per share, as the MNC priceContinue Reading
Natali_Mis/iStock via Getty Images SuRo Capital (NASDAQ:SSSS) estimated its net asset value per share to be $6.70-$7.20 at June 30, 2024, representing -6.6% to +0.4% from $7.17 at March 31, 2024, the company said on Thursday. “We remain incredibly enthusiastic about both our investment pipeline and our current portfolio asContinue Reading
FirstSun Capital Bancorp (OTCQX:FSUN) on Thursday announced that FirstSun received approval to list its common stock on the Nasdaq Global Select Market stock exchange. Trading on Nasdaq is expected to commence on Friday, July 12 under the company’s current ticker symbol “FSUN”. Prior to listing on Nasdaq, the company’s sharesContinue Reading
Rand Capital (NASDAQ:RAND) on Wednesday said SciAps, a portfolio company in which Rand has an equity and debt investment, is to be acquired by Spectris for consideration of up to $260M comprised of up-front consideration of $200M plus a deferred element of up to $60M payable subject to SciAps attainingContinue Reading
Aleksandra Zhilenkova MNC Capital announced on Wednesday that it continues to be committed to acquire Vista Outdoor (NYSE:VSTO) at $42 per share. The firm said its offer is still open for the Vista Outdoor (VSTO) board to accept. Since delivering executed financing commitments and a merger agreement on July 1st,Continue Reading
xbrchx/iStock via Getty Images MarineMax (NYSE:HZO) rose 4% in after hours trading after Island Capital Group offered to buy a 100% interest in the company’s yachting and marina business. Island Capital Group, which is run by Andrew L. Farkas, who sold the YRMS business to MarineMax (HZO) in 2022 forContinue Reading
