Peabody announced a $225 million offering of 0.50% convertible senior notes due 2031, with an option to increase by $25 million. The proceeds will partly fund the repurchase of $241.2 million of its 2028 convertible notes and cover capped call transactions to reduce stock dilution. The notes carry a conversion price premium of about 32.5% over the current stock price and are structured to allow conversion starting late 2030. This move aims to optimize Peabody's capital structure and manage potential equity dilution from conversions.
Kentucky First Federal Bancorp announced a special board meeting on July 28, 2026, to consider resuming quarterly dividends on its common stock, potentially up to $0.10 per share. The company has suspended dividends since November 2023, and no final ...
Universal Music Group's Board of Directors unanimously rejected an unsolicited buyout proposal from Pershing Square Capital Management, stating it undervalues the company and won't create superior value. The Board, supported by shareholders, highligh...
Cuprina Holdings completed a reverse stock split on May 27, 2026, aiming to meet Nasdaq's minimum $1.00 bid price requirement after failing to regain compliance. The company requested a hearing with the Nasdaq Hearings Panel to appeal a delisting det...
Kun Peng International Ltd. will implement a 1-for-10 reverse stock split of its common stock effective June 2, 2026, reducing outstanding shares from 400 million to about 40 million. The company also amended its Articles of Incorporation to reduce a...
Hedge fund billionaire Daniel Loeb increased his stake in Broadcom by buying 50,000 shares while reducing holdings in NVIDIA and Taiwan Semiconductor. Broadcom reported strong Q1 revenue of $19.31 billion, beating estimates, and expects Q2 revenue ar...
