Market movers: Stocks seeing action on Monday

On Monday, CI announced it has entered in an agreement with Abu Dhabi-based Mubadala Capital – the alternative asset arm of Mubadala Investment Company – to be acquired for $32 a share – a 33-per-cent premium to the Friday’s closing price of $24.01

Mubadala’s private equity arm has made a splash in recent years, buying majority stakes in credit manager Fortress Investment Group and baby stroller maker Bugaboo. Its influence has coincided with the rise of multiple Middle East sovereign wealth funds, all of whom have deep pockets. The company had a net debt US$13.6-billion as of Sept. 30. EQT said in July it planned to cut its debt load by $5 billion through cash it generated from operations and asset sales.

The Ohio-based company introduced new products including its new winter range of fragrances such as Winter Candy Apple and Frosted Coconut Snowball to keep up with competition and help tackle softer demand in the retail industry in the quarter. Bath & Body Works now expects net sales to shrink to a range of 1.7 per cent to 2.5 per cent for full-year 2024, compared with a prior forecast of a 2-to-4-per-cent decline.

The gold miner had set a target of generating more than US$2-billion through asset sales following its US$17-billion purchase of Newcrest in 2023.) was down on the premarket announcement that its distribution agreement a subsidiary of PepsiCo will conclude on May 22, 2025 in accordance with the terms outlined in an agreement signed in 2021.

Macy’s preliminary results showed net sales fell to US$4.74-billion compared to US$4.77-billion based on estimates compiled by LSEG, a sign that steep promotions have failed to draw customers who have turned selective on purchases for the holidays. “While we work diligently to complete the investigation as soon as practicable and ensure this matter is handled appropriately, our colleagues are focused on...executing our strategy for a successful holiday season,” Mr. Spring said.) said on Monday it will stop all trials of its Alzheimer’s disease drug after it failed a late-stage study, sending shares of the drug developer plummeting.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Market movers: Stocks seeing action on MondayA survey of North American equities heading in both directions
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »

Why Equitable is one of the hottest bank stocks in North AmericaThe bank has roughly doubled in size since 2018, and now has 1,800-plus employees and 670,000 customers
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »

Market movers: Stocks seeing action on TuesdayA survey of North American equities heading in both directions
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »

Market movers: Stocks seeing action on ThursdayA survey of North American equities heading in both directions
Fonte: globeandmail - 🏆 5. / 92 Consulte Mais informação »

Stock market today: Wall Street opens lower as Big Tech stocks pull backNEW YORK (AP) — Wall Street is feeling the downside of high expectations as Microsoft and Meta Platforms lead U.S. stock indexes lower despite delivering strong profits for the summer. The S&P 500 was down 0.
Fonte: SooToday - 🏆 8. / 85 Consulte Mais informação »

Market movers: Stocks seeing action on ThursdayA survey of North American equities heading in both directions
Fonte: globebusiness - 🏆 31. / 66 Consulte Mais informação »