splendens/iStock via Getty Images Vista Outdoor (NYSE:VSTO) on Tuesday confirmed that it received additional information from MNC Capital in response to the company’s request to further assess MNC’s revised buyout offer of $42 per share in cash. Vista said it is carefully reviewing the additional information provided by MNC andContinue Reading
photobyphotoboy/iStock via Getty Images Burford Capital (NYSE:BUR) rose 3.6% amid news that Sundance Resources announced a conditional settlement with the Republic of Congo before the International Court of Arbitration, according to a Jefferies analyst. The terms are confidential, though the original claim is for over $8.5 billion. Burford (BUR) hasContinue Reading
Champaign, Illinois, United States, July 2nd, 2024, Chainwire Pi Squared, (Proof of Proof), announced the closure of their first capital raise. Led by Polychain Capital, the syndicate includes ABCDE, Bloccelerate, Generative Ventures, Robot Ventures, and Samsung (KS:) Next. Angel investors include Shumo Chu, Harish Devarajan, Justin Drake, Sreeram Kanaan, CsongorContinue Reading
georgeclerk Saba Capital Management disputed that BlackRock (NYSE:BLK) won against the hedge fund in a battle over closed-end funds Saba Capital claims that shareholders vote for Saba’s nominees by a “wide margin” in two of BlackRock’s funds, BIGZ and ECAT, the hedge fund said in a statement earlier on Monday.Continue Reading
The U.S. Securities and Exchange Commission (SEC) on Monday charged cryptocurrency-friendly lender Silvergate Capital (OTC:SICP) for “negligence-based fraud” on Monday. According to the SEC’s complaint, Silvergate and its former CFO Antonio Martino had misrepresented the company’s financial condition during a liquidity crisis and bank run following FTX’s collapse. The complaintContinue Reading
kupicoo/E+ via Getty Images Robinhood Markets (NASDAQ:HOOD) announced on Monday the acquisition of Pluto Capital, which was described as a research platform powered by artificial intelligence that aims to deliver highly customized investment strategies based on customer needs and financial goals. The company said Pluto Founder/CEO Jacob Sansbury has joinedContinue Reading
Nikada/E+ via Getty Images The SPDR S&P Capital Markets ETF (NYSEARCA:KCE) continues to trend higher on both absolute and relative basis. The sticker is up 8.34% year-to-date, and 27.27% from a year ago. Oppenheimer analysts said they see “a decade-long relative base that is reversing higher” and “this is ourContinue Reading
Drew Angerer/Getty Images News Capital One Financial (NYSE:COF) was added to Wells Fargo’s Q3 2024 Tactical Ideas List on Monday. The analysts said COF shares have upside due to reasons such as, odds of the DFS merger increasing towards the election, low-end consumer concerns fading and edging closer to reserveContinue Reading
RHJ/iStock via Getty Images Lithium Ionic’s (OTCQX:LTHCF) wholly owned subsidiary, Lithium Ionic Bandeira Corp, has executed a definitive royalty agreement with ANRF LI, an affiliate of Appian Capital Advisory, granting a 2.25% gross revenue royalty in exchange for upfront cash consideration of $20 million. Lithium Ionic (OTCQX:LTHCF) intends to useContinue Reading
Sundry Photography U.S. Bancorp (NYSE:USB) said on Friday it expects to be subject to a preliminary stress capital buffer (SCB) of 3.1% for the period starting Oct. 1, 2024 as a result of its 2024 Comprehensive Capital Analysis and Review. The Federal Reserve expects to finalize the SCB for allContinue Reading
