Alta Equipment Group blindsides investors with brutal profit cut—stock tumbles in dramatic response

By on    General business news  

Alta Equipment Group blindsides investors with brutal profit cut—stock tumbles in dramatic response

Shares of Alta Equipment Group Inc. saw a sharp decline, falling 6.6% after the company announced a downward revision to its 2024 profit outlook, sparking a ripple of investor concern. Alta Equipment Group’s stock plummeted to $7.47 per share, bringing its year-to-date drop to a staggering 42%. This decline is linked to the company’s revised […]

Aspen Technology shares explode past Emerson Electric’s $15bn takeover bid – Is a bidding war brewing?

By on    Technology Industry News  

Aspen Technology shares explode past Emerson Electric’s $15bn takeover bid – Is a bidding war brewing?

Aspen Technology shares have surged beyond Emerson Electric’s proposed acquisition price, igniting market speculation that the industrial software giant is worth more than the offered $15.1 billion. The initial cash proposal of $240 per share by Emerson Electric has been eclipsed as Aspen Technology’s stock climbed nearly 5%, trading above $249 per share in premarket […]