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Lekha Gupta

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Southwest Gas Unit Centuri Gears Up For IPO: Details

By Lekha Gupta
April 9, 9:54 AM
Centuri, a subsidiary of Southwest Gas Holdings, is launching an IPO of 12.4M shares on NYSE with an option for 1.86M more, priced between $18-$21. Carl Icahn's entities also plan to invest.

ACTV

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Adios Argentina: HSBC Divests Banking Operations In Argentina For $550M

By Lekha Gupta
April 9, 8:43 AM
HSBC's subsidiary, HSBC Latin America B.V., sells Argentina business to Grupo Financiero Galicia for $550 million, focusing on higher value opportunities.

AVIV

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Chevron Exits Myanmar’s Yadana Gas Field: Report

By Lekha Gupta
April 9, 7:58 AM
Chevron Corp. has left Yadana gas field in Myanmar over human rights concerns, after redistributing stake to remaining shareholders.

CVX

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Suncor Pays C$390K Penalty For Worker Death: Details

By Lekha Gupta
April 9, 7:42 AM
Syncrude Canada, a majority-owned oil sands producer by Suncor Energy Inc., will reportedly pay C$390,000 after pleading guilty to a health and safety charge.

SU

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What’s Going On With BP Shares Premarket Today?

By Lekha Gupta
April 9, 6:39 AM
BP shares rise after reporting Q1 2024 update with higher upstream production expected, but also potential impact from lower gas prices.

BP

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Huntington Bancshares Gets Bullish Upgrade, Analyst Forecasts Accelerated Growth Despite Rate Worries

By Lekha Gupta
April 8, 1:46 PM
Huntington Bancshares upgraded to Buy with $16 price target, predicted revenue growth and EPS increase. Positive outlook for FY24 and FY25.

HBAN

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Why Industrial Company TechPrecision Shares Are Surging Today

By Lekha Gupta
April 8, 12:09 PM
TechPrecision terminated agreement to acquire Votaw Precision Technologies from Doerfer Corp, failed to reach new deal.

TPCS

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Why Information Technology Model N Shares Are Surging Today

By Lekha Gupta
April 8, 11:15 AM
Model N to be acquired by Vista Equity Partners for $1.25 billion, representing a 23% premium. Expected to close in mid-2024.

MMSC

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Why Apartment Income REIT Shares Are Rocketing Today

By Lekha Gupta
April 8, 10:40 AM
Blackstone is acquiring Apartment Income REIT Corp. for $10 billion. The deal will take AIR Communities private and suspend dividends.

AIRC

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Guyana’s Oil Spigot Sputters: Production Delays Reportedly Hit Revenue

By Lekha Gupta
April 8, 9:55 AM
Guyana's oil and gas production faces delays and legal battles, threatening $1B in revenue. Exxon's part of $1B project will be ready by year-end.

IYE

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