In a sensational opening on Wall Street, Ceribell’s stock surged by 36% in its trading debut, reflecting immense investor enthusiasm for the neurotech company’s AI-powered seizure detection technology. Ceribell priced its initial public offering (IPO) at $17 per share, the top of its proposed range, and quickly saw its valuation skyrocket as shares began trading […]
Vista Outdoor Inc. (NYSE: VSTO) has entered into two major agreements that could reshape the future of the company and drive significant value for stockholders. The company announced an agreement to sell Revelyst to Strategic Value Partners, LLC (SVP) for $1.125 billion, while increasing the purchase price of The Kinetic Group by Czechoslovak Group (CSG) […]
PACS Group, Inc., a prominent player in the post-acute healthcare sector, has seen its shares nosedive by nearly 9% to $35.98 following the announcement of a massive underwritten public offering. The offering involves nearly 14 million shares of common stock, raising concerns among investors about the potential for significant dilution and a possible downward trend […]
The Allstate Corporation (NYSE: ALL) has finalised a landmark deal to divest its Employer Voluntary Benefits business to StanCorp Financial Group, Inc., also known as The Standard, for $2 billion. This transaction marks a pivotal step in Allstate’s strategy to optimise its Health & Benefits operations, which include Employer Voluntary Benefits, Individual Health, and Group […]
Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) has made headlines with its decision to sell its renewable energy business, excluding hydro assets, to LS Power for a substantial total consideration of up to $2.5 billion. This move is part of Algonquin Power & Utilities Corp.’s strategy to evolve into a pure-play regulated utility, aiming to […]
Ørsted, a leader in the clean energy sector, has announced a significant $680 million tax equity financing from J.P. Morgan. This investment will support a substantial portfolio of solar and energy storage assets in Texas and Arizona, marking one of the largest solar and storage tax equity transactions since the Inflation Reduction Act (IRA) was […]
Origis Energy, a leader in America’s renewable energy and decarbonization solutions, has announced a substantial milestone, securing $317 million in project tax equity funding from J.P. Morgan. This investment is earmarked for two utility-scale solar and solar plus battery storage projects located in New Mexico and Mississippi, marking a significant advancement in the nation’s renewable […]
Tata Consultancy Services (TCS) announced the expansion of its strategic alliance with J.P. Morgan’s Securities Services business. The primary objective is to integrate TCS BaNCS to streamline corporate actions for J.P. Morgan’s Global Custody clients in more than 100 markets. The platform aims for over 90% straight-through processing efficiency, enabling standardized and streamlined operations across […]
American insurance brokerage firm PCF Insurance Services has secured a $500 million preferred equity investment at a valuation of $4.7 billion. PCF Insurance Services anticipates to use proceeds from the transaction to establish itself as a premier insurance brokerage firm in the US. The transaction is co-led by Carlyle’s Global Credit platform and existing minority […]
Targa Resources said that it has signed agreements to sell its fully-owned subsidiary that has a 25% stake in the Gulf Coast Express Pipeline (GCX pipeline) for $857 million. The US midstream services provider anticipates receiving the full proceeds from the divestiture in Q2 2022 after a customary call right period in favor of the […]