Mario Tama/Getty Images News Morgan Stanley (NYSE:MS) will increase its quarterly dividend by 8.8% and its board reauthorized a $20B multi-year stock repurchase program after the lender passed the Federal Reserve’s 2024 stress test, it said on Friday. The company will pay a new quarterly dividend of $0.925 starting inContinue Reading
Jiuzi Holdings (NASDAQ:JZXN) on Friday said it will affect a reverse share split of its outstanding ordinary shares, par value $0.00015 per share, at a ratio of 1-for-13, to be effective on or around the open of trading on July 3. Following the reverse share split, the ordinary shares willContinue Reading
Bryan Bedder Pershing Square Capital Management (“PSCM”), the investment firm led by billionaire Bill Ackman, has set the initial offering price of its U.S. closed-end fund at $50 per share, according to an SEC filing dated Friday. The fund, known as Pershing Square USA, plans to charge a management feeContinue Reading
Olemedia/E+ via Getty Images Clinical-stage biopharmaceutical company developing oral therapies — Alumis (ALMS) priced its initial offering of 13.125M shares at $16.00 per share. Underwriters have a 30-day over-allotment option to purchase up to an additional 1,968,750 shares. Alumis (ALMS)also announced today that it has agreed to sell an additionalContinue Reading
SB/iStock via Getty Images A global online cartoon platform carved out of South Korea’s NAVER – WEBTOON Entertainment (WBTN) priced its initial public offering of 15M shares at $21.00 per share. Underwriters have a 30-day option to purchase up to an additional 2.25M shares. The gross proceeds are expected toContinue Reading
ShinjiPhotographer/iStock via Getty Images Interactive Brokers (NASDAQ:IBKR) incurred a loss of ~$48M related to a technical issue at the New York Stock Exchange on June 3, 2024, that had indicated that Berkshire Hathaway (NYSE:BRK.A) class A shares had plunged to ~$185 per share from ~$622K in a space of aContinue Reading
shaunl/E+ via Getty Images Offshore drilling contractor Seadrill (NYSE:SDRL) on Tuesday announced that it has completed the $250 million share repurchase program initiated in December 2023 and will cancel the acquired shares. As an initial step under the new repurchase program, the Board has authorized the company to purchase upContinue Reading
akinbostanci/iStock via Getty Images ZimVie (NASDAQ:ZIMV) may be worth $25-$29 a share in a potential takeover, according to a Needham analyst, after a report earlier Tuesday that the dental implants maker is weighing a potential sale amid acquisition interest. The company could be a target for strategic players or privateContinue Reading
JHVEPhoto Boeing (NYSE:BA) has offered to acquire Spirit Aerosystems (NYSE:SPR) in a mainly stock deal that values the supplier at about $35 a share. Boeing (BA) was closing in on an all-cash deal for fuselage maker Spirit (SPR) over the weekend, when Boeing switched to an offer that consisted mainlyContinue Reading
TransAlta Corporation (NYSE:TAC) on Monday announced that it entered into an automatic share purchase plan to facilitate repurchases of TransAlta’s common shares under the company’s previously announced normal course issuer bid. The company previously announced that it received approval from the Toronto Stock Exchange to purchase up to 14M ofContinue Reading
