Category: stake
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FIMI sells TAT Technologies stake for NIS 129m
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Israeli private investment company FIMI Investment Opportunities FundsApple, led by founder and CEO Ishai Davidi, has benefited from the upward momentum in the company’s stock price. Tat Technologies (TASE: TATT; Nasdaq: TATT) to sell a 25% stake for NIS 129 million. TAT shares have doubled in value over the past…
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FIMI sells TAT Technologies stake for NIS 129m
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Israeli private investment company FIMI Investment Opportunities FundsApple, led by founder and CEO Ishai Davidi, has benefited from the upward momentum in the company’s stock price. Tat Technologies (TASE: TATT; Nasdaq: TATT) to sell a 25% stake for NIS 129 million. TAT shares have doubled in value over the past…
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Ulta Beauty reports disappointing earnings after Warren Buffett’s Berkshire Hathaway takes stake
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Ulta Beauty’s (ULTA) glow-up period may have come to an end. The cosmetics retailer reported second-quarter results Thursday after the market closed that missed expectations across the board. Revenue came in at $2.55 billion, compared with an expected $2.62 billion. Earnings per share of $5.30 also fell short of the…
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Woodside profit, dividend beat estimates, firm flags interest in Driftwood stake By Reuters
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By Himanshi Akhand and Louis Jackson (Reuters) – Australia’s Woodside Energy reported a 14 percent drop in first-half profit on Tuesday due to lower oil prices, but the result and its dividend beat market expectations, sending its shares up 4 percent. Chief executive Meg O’Neill said there was significant interest…
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Walmart Is Seeking Up to $3.74 Billion in Sale of JD.com Stake
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(Bloomberg) — Walmart Inc. is seeking to raise as much as $3.74 billion by selling its stake in Chinese e-commerce company JD.com, ending an eight-year partnership in a retail powerhouse now struggling with an economic slowdown and intense competition. Most Read from Bloomberg The U.S. retailer is offering 144.5 million…
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Portillo’s stock gains after report activist Engaged Capital has stake
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Joe Hendrickson/iStock Editorial via Getty Images Portillo’s Hot Dog Restaurant ChainNASDAQ:PTLO) Up 3% After a report that activist firm Engaged Capital has raised a stake of around 10% and is pushing for changes. The activist is talking to management about improving operations, margins and brands as the Chicago-based chain operates.…
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Michael Burry Raises Alibaba Stake, Cuts Stock Portfolio in Half
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(Bloomberg) — Michael Burry, the hedge fund manager famous for his 2008 bet against the U.S. housing market and subsequent portrayal in the book and movie “The Big Short,” increased his stake in Alibaba Group Holding Ltd. while halving his overall stock portfolio in the second quarter. Most Read from…
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Riot increases stake in Bitfarms with $2.2m share purchase
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Riot continues its acquisition efforts, recently purchasing $2.2 million worth of shares in Bitfarms. Riot Platforms announced the purchase of 1 million common shares from rival Bitfarms, raising its stake in the Canadian bitcoin mining company to around 18.90%. press releaseRiot said the shares were acquired at a weighted average…
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Riot increases stake in Bitfarms with $2.2m share purchase
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Riot continues its acquisition efforts, recently purchasing $2.2 million worth of shares in Bitfarms. Riot Platforms announced the purchase of 1 million common shares from rival Bitfarms, raising its stake in the Canadian bitcoin mining company to around 18.90%. press releaseRiot said the shares were acquired at a weighted average…
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Investor to buy Sh500m stake in Transmara’s Angata Sugar Mills
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An investor is set to acquire a 40 percent stake in Angata Sugar, which is developing a milling plant at Moiwi in Trans Mara, Narok County, disclosures show. Sources familiar with the deal said Savannah Crest (KE) Limited will pay about Sh500 million for the stake in Angata Sugar, and…
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Norges Bank halves Mobileye stake
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Norway’s central bank Norges Bank has sold more than half of its 10.7% stake in Israeli Advanced Driving Assistance Systems (ADAS) company Mobily International Company (NASDAQ: MBLY), according to the company’s latest holdings report filed with the U.S. Securities and Exchange Commission (SEC). At the end of July, Norges Bank…
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Warren Buffett’s Berkshire sold nearly half of its Apple stake By Investing.com
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Warren Buffett-led Berkshire Hathaway (NYSE: ) has significantly reduced its investment in Apple (NASDAQ: ) , selling nearly half of its shares in the tech giant. According to the latest earnings report, Berkshire’s Apple stake was worth $84.2 billion by the end of the second quarter, indicating that it had…
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Berkshire Cuts Apple Stake by Almost Half in Selling Spree
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(Bloomberg) — Berkshire Hathaway Inc. cut its stake in Apple Inc. by about 50% as part of a massive second-quarter selling spree that left billionaire Warren Buffett’s cash pile at a record $276.9 billion. Most Read from Bloomberg In all, Berkshire Hathaway sold $75.5 billion worth of shares on a…
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Stellantis triggers government scrutiny with Comau stake sale By Reuters
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MILAN (Reuters) – Automaker Stellantis will sell a majority stake in its robotics unit Comao to OneEquity Partners, the three companies said in a statement on Thursday, in a move aimed at supporting Comao’s expansion beyond the automotive sector. Financial details of the deal were not disclosed, but US private…
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Billionaire Baloobhai doubled Bamburi stake ahead of buyout
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Billionaire investor Balubhai Patel doubled his stake in Bamburi Cement ahead of the announcement of the company’s purchase, boosting his expected gains from the proposed deal. Shareholder filings as at June 30, 2024, show Mr. Patel’s stake in the cement company has risen to 30.52 million shares, or 8.41% of…
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Billionaire Baloobhai doubled Bamburi stake ahead of buyout
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Billionaire investor Balubhai Patel doubled his stake in Bamburi Cement ahead of the announcement of the company’s purchase, boosting his expected gains from the proposed deal. Shareholder filings as at June 30, 2024, show Mr. Patel’s stake in the cement company has risen to 30.52 million shares, or 8.41% of…
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Activist Starboard builds over 6.5% stake in Tinder owner Match, WSJ reports By Reuters
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(Reuters) – Activist investor Starboard has a stake of more than 6.5% in Tinder owner Match and is pushing for a potential sale if the turnaround attempts fail, the Wall Street Journal reported on Monday, citing people familiar with the matter. Match shares rose about 9% in extended trading after…
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Jared Kushner in talks to buy Phoenix stake
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Affinity Partners, led by US President Donald Trump’s son-in-law Jared Kushner, is in talks to buy a 4.9% stake in Israeli insurance and finance group Phoenix Holdings, with an option to buy an additional 4.9%. Affinity Partners, led by Donald Trump’s son-in-law Jared Kushner, is in talks to buy a…
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47.36 Million ETH Stake in the ETH2 Beacon Deposit Contract
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Ethereum 2.0 trading has seen significant growth and reached a major milestone. Thus, the deposit contract for trading Ethereum on Beacon Chain reached an all-time high of 47.36 million ETH this week. Interestingly, this represents 33.9% of the total Ethereum supply. Major Achievement in ETH2 Sharing According to the Data…