-- DNB Carnegie on Monday downgraded offshore engineering and construction services provider Subsea 7 (SUBC.OL) to hold from buy, while raising its price target to 325 Norwegian kroner from 315 kroner.
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ADT (ADT) said Monday it priced a secondary public offering of 102 million common shares, sold by certain entities managed by affiliates of Apollo Global Management (APO) and representing all the remaining shares owned by the selling stockholders.The offering is expected to close on May 5, subject to customary conditions.ADT has also agreed to buy about 29.1 million common shares from the underwriters as part of the secondary public offering, at a price per share equal to the price per share to be paid by the underwriters to the selling stockholders, subject to the completion of the offering, according to the statement.The share repurchase will be made under ADT's existing $1.5 billion share repurchase plan. The underwriters will not receive any underwriting fees for the shares being repurchased by ADT, the company said.The company is not selling any shares and will not receive any proceeds from the offering.Shares of ADT fell more than 5% in Monday trading.Price: $7.12, Change: $-0.43, Percent Change: -5.70%
Syntec Optics (OPTX) said Monday it quadrupled monthly production of its space optics products in March from a year earlier.The company said it scaled operations using its efficiency framework to meet demand for satellite optics, while continuing to advance its defense technology programs. Syntec also said it has been shipping an antenna stabilization mechanism as part of its expanding space portfolio.By the end of Q1, the company had shipped nearly 50% of its 2025 total space product sales volume, nearly doubling throughput.Price: $8.48, Change: $-0.15, Percent Change: -1.68%
Eprint Group's (HKG:1884) Promise Network Printing entered into a HK$3.4 million agreement to lease machinery and equipment from Canon Hongkong.The term of the lease begins June 2026 and ends May 2028, the Hong Kong-listed printing services group said in a Monday filing.Canon Hongkong is a subsidiary of office products maker Canon Inc (TYO:7751).