Latest news with #shareSale
Yahoo
03-07-2025
- Business
- Yahoo
Kratos Defense (KTOS) Drops 7.3% as Traders Pocket Gains After All-Time High
Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) is one of . Kratos Defense dropped its share prices by 7.28 percent on Tuesday to close at $43.07 apiece as investors resorted to profit-taking after hitting a new all-time high in the previous trading. On Monday, Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) soared to an all-time high of $47.09 after successfully raising $575 million from a share sale program. According to the company, it was able to sell more than 14.9 million common shares at a price of $38.5 apiece. The total amount included the overallotment option worth $75 million. Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) said that net proceeds from the offer will be used to fund investments critical to national security, targeted acquisitions, and other general corporate purposes, including the repayment of existing debt and fees related to the offering. In recent news, the company earned a 'buy' recommendation and a higher price target of $52 from Truist Securities. The new price target marked a 37-percent increase from its previous price target of $38. A technician in a laboratory carrying out research and development of microwave electronics. According to Truist, the new projects have the potential to raise the listed firm's revenues by $150 million in the coming years, adding that it was bullish on the company for this year and the next amid higher growth expectations from the new contracts. While we acknowledge the potential of KTOS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Bloomberg
02-07-2025
- Business
- Bloomberg
Intralot Has Buyers For Share Capital Hike After Bally's Deal
Intralot has received commitments from investors for its upcoming €400 million ($470.6 million) share sale, a move that comes after it agreed to buy Bally's Interactive International business, the company's incoming chief executive officer said. 'We want the €400 million raise to ensure the significant free float in the stock. We have got commitments from various investors,' Bally's CEO Robeson Reeves said in an interview Wednesday. 'But we want to make sure that there is enough opportunity for everyone to invest in Intralot,' said Reeves, who will become Intralot's CEO when the deal is completed.
Bloomberg
25-06-2025
- Business
- Bloomberg
Top India Bank Picks Citi, HSBC Among Six for $3 Billion Sale
By and Saikat Das Save State Bank of India has selected half a dozen investment bankers including the India units of Citigroup Inc. and HSBC Holdings Plc to manage its $3 billion share sale, according to people familiar with the matter, in one of the largest equity raisings in the country. The country's biggest lender has also chosen ICICI Securities, Kotak Capital, Morgan Stanley and SBI Capital for the fundraising, said the people who asked not to be identified because the matter is private. The appointments will be formalized soon as sale process is expected by end of July, they said.
Bloomberg
23-06-2025
- Business
- Bloomberg
Range Intelligent Is Said to Explore Second Listing in Hong Kong
Range Intelligent Computing Technology Group Co., a Chinese data center business services provider, is considering a second listing in Hong Kong, according to people familiar with the matter. The company has held initial talks with prospective advisers about a share sale, the people said, asking not to be identified because the discussions are private.
Bloomberg
16-06-2025
- Business
- Bloomberg
Irish State to Exit AIB, Putting Lender Into Private Ownership
The Irish state has launched its final share sale with AIB Group Plc, reducing its stake in the lender to zero and putting it into private ownership. The Finance Ministry has announced its intention to exit the state's directed shareholding by way of an accelerated bookbuild transaction, the Department of Finance said in a statement Monday.
