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Klarna Group (KLAR) shares slumped 22% after the company cut its 2026 revenue outlook in Q2 results released Tuesday.

The company also said it has planned transitions for its chief financial officer and chief marketing officer, effective early 2027.

More than 26.6 million shares of the company traded intraday compared with a daily average of about 4.6 million.

B. Riley lowered its price target on Fabrinet (FN) to $598 from $635 while keeping the neutral rating following the company's results.

Shares sank 21%, with intraday trading volume rising to over 2.0 million from the stock's daily average of roughly 949,000.

Kulicke & Soffa Industries (KLIC) has appointed Raj Talluri as president and chief executive officer, starting Sept. 1, the company said late Monday. Talluri joins Kulicke & Soffa from Enovix (ENVX), where he most recently served as president and CEO.

Shares of Kulicke declined 10%, with intraday trading volume at over 482,000, versus a daily average of about 1.08 million.

Price: $91.02, Change: $-10.75, Percent Change: -10.56%

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Update: Reliance Worldwide Enters Process Deed With Brookfield Over AU$4.1 Billion Takeover Proposal; Shares Jump 24%

(Updates to add stock movement in the headline and the fifth paragraph.)Reliance Worldwide (ASX:RWC) entered into a process deed with Brookfield Capital Partners following Brookfield's unsolicited, non-binding, indicative proposal to acquire Reliance Worldwide shares by way of a scheme of arrangement at AU$4.75 per share, according to a Tuesday Australian bourse filing.The company said the proposal reflects an enterprise value of about AU$4.1 billion and a transaction multiple of 12.1 times fiscal 2026 earnings before interest, taxes, depreciation and amortization (EBITDA) on a post-AASB16 basis, with the board determining to enter into the process deed to enable Brookfield to advance the proposal.Under the process deed, Reliance Worldwide has agreed to exclusivity restrictions including non-solicit, no talk and no due diligence obligations from Aug. 17 to Sept. 15, the filing added.Brookfield has agreed that any scheme implementation deed will include a 30-day "go-shop" provision, under which Reliance Worldwide will be allowed to solicit third-party interest, provide due diligence information and negotiate terms of any alternative proposal, it added.Its shares jumped 24% in recent trading on Tuesday.

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