A securities class action lawsuit was filed against Smartsheet Inc. alleging the company repurchased over 1.1 million shares from investors between June and August 2024 without disclosing ongoing acquisition talks with Blackstone and Vista Equity Partners. The lawsuit claims Smartsheet's board knew about a premium buyout offer but failed to inform shareholders while promoting share buybacks, misleading investors and violating federal securities laws. When the acquisition was announced at $56.50 per share, Smartsheet's stock price rose sharply, revealing the previously undisclosed premium offer. Investors who sold shares during this period and suffered losses may have legal rights, with a deadline to seek lead plaintiff status by October 5, 2026.
Two directors of Equitable Holdings sold shares recently, with Bertram L. Scott selling 2,780 shares and Craig C. MacKay selling 2,000 shares. Meanwhile, institutional investors showed mixed activity: Engineers Gate Manager LP drastically cut its hol...
Shares of Greenland-linked mining companies surged following a new U.S.-Denmark-Greenland security agreement that boosted investor interest in Greenland's mineral resources. Greenland Mines Ltd. jumped over 229%, while Critical Metals Corp. rose near...
Biotech stocks and leveraged ETFs were the biggest losers in the market, with Cue Biopharma dropping 23.7% despite positive Phase 2 clinical results. Leveraged ETFs tied to AMD, Strategy, and Novo Nordisk also saw sharp declines due to their daily-re...
Priority Technology Holdings is being taken private in a $1.6 billion deal led by its Chairman and CEO, Thomas Priore. The acquisition price is $8.05 per share, matching the analyst price target set by Lake Street, which downgraded the stock to 'Hold...
General Mills is set to report its Q3 2026 earnings with an expected 16.3% decline in earnings per share to $0.72 and revenue forecast around $4.35 billion, down from last year. Despite these declines, the company reaffirmed its full-year adjusted EP...
