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AeroVironment Wins US Army Prototype Agreement for Switchblade 400 Loitering Munition

AeroVironment (AVAV) said Monday it won a prototype agreement from the US Army to support the rapid development, delivery, and testing of the Switchblade 400 loitering munition.The agreement establishes Switchblade 400 as a key component of the US Army's Low-Altitude Stalking and Strike Ordnance program, AeroVironment said.Financial terms of the agreement were not disclosed.Shares of AeroVironment were down more than 2% in Monday trading.Price: $180.69, Change: $-4.29, Percent Change: -2.32%

$AVAV

Wire58d ago

ADT Prices Secondary Public Offering of Common Stock, Concurrent Share Repurchase

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%

$ADT$APO

Wire58d ago

Syntec Optics Says Space Optics Output Quadrupled in March

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%

$OPTX

Wire58d ago

Firefly Aerospace Unit Wins Space Force Deal for Interceptor Program

Firefly Aerospace (FLY) said Monday its SciTec unit has received an Other Transaction Authority agreement from the US Space Force Space Systems Command to support the Space-Based Interceptor program.The program aims to develop a space-based missile defense interceptor system to be integrated into the "Golden Dome for America" architecture by 2028, SciTec said.Price: $33.56, Change: $-0.24, Percent Change: -0.70%

$FLY

Wire58d ago

Parsons Teams Up With Everywhere Communications for Autonomous Drone Projects

Parsons (PSN) and Everywhere Communications are launching a partnership to support autonomous drone projects under a Small Business Innovation Research initiative, Everywhere said Monday.The project was designed to support drone operations in disconnected and austere environments, the company said.Everywhere said it is deploying a transport layer using Iridium Satellite to allow drones to operate autonomously while sending sensor data back to operators.Parsons will provide TAK-as-a-Service technology to support services designed to meet the operational needs of the Department of War and Federal agencies, according to the statement.Financial details were not provided.Price: $51.80, Change: $+0.93, Percent Change: +1.83%

$PSN

Wire58d ago

Flex Closes Acquisition of Electrical Power Products

Flex (FLEX) said Monday it has completed the acquisition of Electrical Power Products.The transaction strengthens Flex's Critical Power business by adding engineered-to-order electrical power control and protection capabilities for utilities, power generation companies, and data centers, the company said.The company agreed in late March to buy Electrical Power Products for about $1.1 billion in cash.Price: $92.17, Change: $+0.47, Percent Change: +0.51%

$FLEX

Wire58d ago

Ruger Signs Agreement With Shareholder Beretta Allowing Stake of Up to 25%

Sturm, Ruger (RGR) has entered into a strategic cooperation agreement with its largest shareholder Beretta that allows Beretta to boost its stake to up to 25% of the company's outstanding shares, Ruger said Monday.The minimum partial tender offer price will be $44.80 per share in cash, according to a statement.Beretta will also have the right to nominate up to two independent directors after the company's 2026 annual shareholders' meeting, in connection with the planned investment, Ruger said.Under the agreement, Beretta has committed to a three-year standstill under which it will not initiate or support any proxy contest and will vote its shares in alignment with Ruger's board, the statement said.Further, Beretta has withdrawn its director nominations for the shareholders meeting and only Ruger board-recommended candidates will be up for election, Ruger said.The agreement is designed to "safeguard Ruger's independence and stability," the company said.Price: $43.29, Change: $+0.13, Percent Change: +0.30%

$RGR

Wire58d ago

WEX to Split CEO, Chair Roles, Adds Three New Directors in Deal With Impactive

WEX (WEX) plans to separate its chairman and CEO roles following its May 14 annual meeting and add three new independent directors under a cooperation agreement with Impactive Capital Master Fund.The refreshed slate includes Kurt Adams, Ellen Alemany and Lauren Taylor Wolfe, Impactive's co-founder, who will stand for election at the rescheduled meeting, WEX said Monday in a statement. Impactive will withdraw its nomination notice and support the revised lineup as part of the agreement.WEX will nominate eight directors, bringing the board to 11 members after the meeting. Melissa Smith will continue as president and CEO and remain on the board once the chair and CEO roles are split.Price: $154.44, Change: $+3.30, Percent Change: +2.18%

$GE$WEX

Wire58d ago

Ally Financial to Redeem 1.35 Million Series B Preferred Shares

Ally Financial (ALLY) said Monday it will redeem on May 15 the 1.35 million outstanding shares of its 4.7% fixed-rate reset non-cumulative perpetual series B preferred stock at $1,000 per share, plus unpaid dividends.The redemption price sets a total liquidation preference of $1.35 billion, the company said.Price: $43.44, Change: $+0.03, Percent Change: +0.07%

$ALLY

Wire58d ago

Adeia Secures Multi-Year Media Intellectual Property Licensing Deal With L'Oreal

Adeia (ADEA) said Monday it entered into a multi-year licensing agreement with L'Oreal, providing the company access to its media intellectual property portfolio.The technology company said its portfolio supports personalized, interactive, and data-driven digital experiences across advertising, streaming, and commerce platforms.Shares of the company were up about 3.4% in Monday trading.Price: $34.17, Change: $+1.17, Percent Change: +3.55%

$ADEA

Wire58d ago

Aura Biosciences Prices $260 Million Stock Offering

Aura Biosciences (AURA) said Monday it priced an underwritten public offering of nearly 39.6 million common shares and pre-funded warrants to buy an aggregate of up to 3.8 million common shares at an exercise price of $0.00001 per warrant, for expected gross proceeds of $260.3 million.The company said it granted the underwriters a 30-day option to buy up to an additional 6.5 million common shares. The offering price is $6.00 per share and $5.99999 per pre-funded warrant.The offering is expected to close on or about Tuesday.Aura said it plans to use $205.1 million of the net proceeds, together with existing cash, cash equivalents and marketable securities, to advance its clinical programs. The remaining proceeds are expected to be used to repurchase up to 6.92 million shares from Matrix Capital Management Master Fund, at $5.64 per share.Shares of Aura Biosciences were up nearly 17% in Monday trading.Price: $8.19, Change: $+1.18, Percent Change: +16.83%

$AURA

Wire58d ago

Cincinnati Financial Keeps Quarterly Dividend at $0.94 a Share, Payable July 15 to Holders of Record June 23

$CINF

Wire58d ago

Delek Logistics Partners Launches Tender Offer, Plans $800 Million Senior Notes Offering

Delek Logistics Partners LP (DKL) said Monday it launched a tender offer for its 7.125% senior notes due 2028 and plans to issue $800 million of senior notes due 2034 to fund the transaction and refinance debt.The company said it is offering to purchase any and all of the 2028 notes at $1,001.35 per $1,000 principal amount, plus accrued and unpaid interest. The offer is set to expire May 11, with settlement expected May 14, according to Delek.Delek said the tender offer depends on completing the proposed debt issuance and receiving sufficient proceeds.The company said it intends to use proceeds from the new notes to repurchase all outstanding 2028 notes in the tender offer or redeem any that remain outstanding afterward, redeem a portion of its 8.625% notes due 2029, and cover related premiums, fees, and expenses, with any remaining funds for general corporate purposes.Price: $52.58, Change: $-0.24, Percent Change: -0.46%

$DKL

Wire58d ago

AMC Entertainment Says Over 4.4 Million Moviegoers Attended Theaters From April 30 Through May 3

AMC Entertainment (AMC) said Monday that more than 4.4 million moviegoers attended films at its US locations and ODEON Cinemas internationally from April 30 through May 3.AMC said "The Devil Wears Prada 2" opened to about $233 million globally, including previews, kicking off the summer season and boosting attendance alongside Michael Jackson biopic "Michael."The company said it expects box office momentum to continue into the next few weeks and into the summer on a slate of exclusive theatrical releases in June, July and August.Price: $1.57, Change: $+0.12, Percent Change: +7.93%

$AMC

Wire58d ago

Trex Appoints Zachary C. Lauer as COO

Trex (TREX) said Monday it has appointed Zachary C. Lauer as senior vice president and chief operations officer.In this role, Lauer will lead the company's manufacturing, supply chain, engineering, and research and development functions, Trex said.Lauer was most recently senior vice president of supply chain and manufacturing at Trex, the company added.Shares of the company were down 2.4% in early Monday trading.Price: $37.95, Change: $-0.83, Percent Change: -2.14%

$TREX

Wire58d ago

Academy Sports and Outdoors Plans $500 Million Notes Offering

Academy Sports and Outdoors (ASO) said Monday it intends to offer $500 million aggregate principal amount of senior secured notes due 2031 through its wholly owned subsidiary, Academy, in a private offering.The company plans to use the proceeds to redeem its outstanding senior secured notes due 2027, repay borrowings under its term loan facility and cover related fees and general corporate purposes.Academy also said it has issued a notice of conditional redemption for all of its 2027 notes, with a redemption date set for May 14. The redemption is subject to the completion of the new notes offering.Shares of the company were down 1% in Monday trading.Price: $53.25, Change: $-0.53, Percent Change: -0.99%

$ASO

Wire58d ago

Guardant Health Says FDA Approved Liquid Biopsy Test for Certain Breast Cancer Diagnostics

Guardant Health (GH) said Monday the US Food and Drug Administration approved its Guardant360 CDx test as a companion diagnostic for Arvinas (ARVN) and Pfizer's (PFE) Veppanu for certain breast cancer patients.The company said the blood-based test identifies ESR1 mutations in patients with advanced or metastatic estrogen receptor-positive and HER2-negative breast cancer who may be eligible for treatment with Veppanu following prior endocrine therapy.Guardant Health said this marks its third FDA approval for an ESR1 companion diagnostic and brings the total number of approved uses for the test across cancer types to 26.Price: $87.88, Change: $+0.28, Percent Change: +0.32%

$GH

Wire58d ago

OCBC Indonesia Agrees to Buy HSBC Wealth Unit in Indonesia

OCBC Indonesia has agreed to acquire HSBC's (HSBC) International Wealth and Premier Banking operations, adding about 336,000 customers and 89.8 trillion Indonesian rupiah ($5.6 billion) in assets under management, the company said Monday.The bank said the deal includes customer deposits, investment products, insurance, credit cards, and retail loans, and is expected to be earnings accretive after completion, excluding one-off transaction costs.OCBC Indonesia said the acquisition will expand its wealth management franchise, lift assets under management by about 25%, and increase credit card balances by more than 150%.The company added that the deal is expected to close in the second quarter of 2027.Price: $91.50, Change: $-0.43, Percent Change: -0.47%

$HSBC

Wire58d ago

TC Energy Target Raised To C$94 From $89, Keeps Outperform at BMO Which Expects TRP's Premium Valuation to Persist Near 25%

$TRP.TO

Wire58d ago

Assertio's Acquisition Price by Garda Boosted to $21.80 a Share; Stock Surges 17%

Assertio Holdings (ASRT) shares were up more than 17% in recent trading on Monday after the company said the price of its acquisition by Garda Therapeutics has been raised to $21.80 a share from $18 when the deal was announced last month.The amended agreement raises the total acquisition price to $153.2 million from $125.1 millionThe deal is expected to close in Q2, and is subject to customary closing conditions, including the tender of a majority of Assertio's outstanding shares.Following the completion of the tender offer, Garda will acquire any remaining shares through a second-step merger for $21.80 per share in cash. When the deal closes, Assertio's common stock will cease trading on Nasdaq.Price: $21.70, Change: $+3.23, Percent Change: +17.46%

$ASRT

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