VW receives preliminary bids for diesel engine unit Everllence at around $9.4 billion, sources say
Reuters· 2026-02-27 12:36
Core Viewpoint - Volkswagen has received preliminary bids for its diesel engine division Everllence, valuing it at approximately €8 billion ($9.44 billion), which is higher than some analysts' estimates, indicating a trend of major corporates streamlining their portfolios and creating opportunities for buyout funds [1][1][1] Group 1: Bids and Valuation - The bids for Everllence include debt and are reported to be around €8 billion ($9.44 billion) [1][1] - This disposal is expected to be one of the largest carveouts by a European company in 2023, highlighting the ongoing trend of portfolio optimization among major corporations [1][1] Group 2: Interested Parties - Private equity firms such as Brookfield, CVC, and Blackstone have submitted bids for the unit, which produces shipping engines and heat pumps, as they seek stable industrial businesses [1][1] - Japanese diesel engine manufacturer Yanmar has also submitted a bid for Everllence [1][1] Group 3: Strategic Considerations - Porsche SE, Volkswagen's largest shareholder, is considering investing in Everllence, reflecting strategic interest from existing stakeholders [1][1] - Volkswagen has requested bids to be submitted by mid-February and has informed some bidders that they are advancing to the second round of discussions [1][1]
Paramount Stock Is Rallying. Now It Can Go Head-to-Head With Netflix.
Barrons· 2026-02-27 12:35
Group 1 - Warner Discovery was considered essential for Paramount, indicating a strategic alignment between the two companies [1] - The outcome of the relationship is viewed positively for shareholders, suggesting potential value creation [1]
Spain's Acciona hires bank to examine options for energy business
Reuters· 2026-02-27 12:34
Group 1 - Acciona has hired a bank to analyze options for its energy business, Acciona Energia, in which it holds over 90% stake [1][2] - Potential options being considered include delisting, merger, or maintaining the current status [1] - The CEO emphasized the "intrinsic value" of keeping the energy business listed and stated that all options are constantly analyzed [2]
Bakkt Announces Pricing of $48.125 Million Registered Direct Offering
Globenewswire· 2026-02-27 12:32
Core Viewpoint - Bakkt, Inc. has announced a registered direct offering of shares and pre-funded warrants, aiming to raise approximately $48.125 million for working capital and strategic initiatives [1]. Group 1: Offering Details - The offering consists of 3,024,799 shares of Class A common stock and pre-funded warrants for 2,475,201 shares, priced at $8.75 per share and $8.7499 per warrant [1]. - The offering is expected to close on or around March 2, 2026, pending customary closing conditions [1]. - Cohen & Company Capital Markets is acting as the sole placement agent for this offering [2]. Group 2: Regulatory and Compliance Information - The offering is made under a shelf registration statement on Form S-3, effective since July 3, 2025 [3]. - A final prospectus supplement will be filed with the SEC, and the securities are offered only through a written prospectus [3]. Group 3: Company Overview - Bakkt, founded in 2018, focuses on building financial infrastructure for digital assets, including Bitcoin and stablecoin payments [5]. - The company aims to facilitate institutional participation in the digital asset economy, emphasizing security and regulatory compliance [5]. - Bakkt is headquartered in New York, NY [6].
'COMMON-SENSE': GOP rep TORCHES critics, doubles down on SAVE Act
Youtube· 2026-02-27 12:31
Group 1: Department of Homeland Security Shutdown - The Department of Homeland Security (DHS) is entering its third week of shutdown, affecting over 57,000 employees, with some classified as "accepted" not receiving pay until the shutdown ends [1][3] - The shutdown is described as a partisan issue, with calls for reforms in agencies like TSA, FEMA, and Border Patrol without interrupting their pay [4][5] Group 2: Save America Act - The Save America Act, which requires proof of citizenship to vote, is stalled in the Senate, with bipartisan support indicated by 80% of Americans finding it sensible [2][19] - Concerns are raised about potential voter suppression, as approximately 40% of Americans may not have the required documents like birth certificates or passports [16][19] Group 3: AI and National Security - Anthropic's CEO has refused to allow their AI products to be used for mass domestic surveillance, raising questions about the implications of AI in military and surveillance contexts [6][8][13] - The Pentagon is urged to maintain a competitive edge in AI, especially against advancements made by China in military applications [7][11]
The RealReal, Inc. 2025 Q4 - Results - Earnings Call Presentation (NASDAQ:REAL) 2026-02-27
Seeking Alpha· 2026-02-27 12:30
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh. ...
ImmunityBio to Provide a Business Update and Review Financial Results for FY 2025 on Tuesday, March 3, 2026
Businesswire· 2026-02-27 12:30
Core Viewpoint - ImmunityBio, Inc. will host a live conference call to provide a business update and review financial results for the year ended December 31, 2025 [1] Group 1: Conference Call Details - The conference call is scheduled for March 3, 2026, at 1:30 p.m. Pacific Time [1] - The call will also cover progress across the company's clinical trial pipeline [1] - The Eastern Time for the call is set for 4:30 p.m. [1]
APi Group Announces Participation in Upcoming Investor Conferences
Businesswire· 2026-02-27 12:30
Core Viewpoint - APi Group Corporation will participate in two upcoming conferences, indicating active engagement with investors and stakeholders [1] Group 1: Conference Participation - The senior leadership team of APi Group will take part in a fireside chat at the Bank of America Securities Information and Business Services Conference on March 12th at 2:15 PM ET [1] - The company will also participate in the J.P. Morgan Industrials Conference on March 17th at 7:30 AM ET [1] - A live webcast link and archived replay of these events will be available in the "Events" area on the Investor Relations page [1]
Spanish Mountain Gold Signs Memorandum of Understanding With Metso, Canada Inc.
Businesswire· 2026-02-27 12:30
Core Viewpoint - Spanish Mountain Gold Ltd. has signed a Memorandum of Understanding with Metso Canada Inc. to advance its Spanish Mountain Gold project towards feasibility and permitting [1] Group 1 - The Spanish Mountain Gold project is located in the Cariboo District corridor in British Columbia, Canada [1] - The agreement with Metso Canada Inc. signifies a step forward in the development of the project [1] - Peter Mah, President and CEO of Spanish Mountain Gold, is leading the initiative [1]
Credicorp Ltd.: Credicorp Announces Director Nominees for the 2026 Annual General Meeting of Shareholders
Globenewswire· 2026-02-27 12:30
Core Viewpoint - Credicorp Ltd. is set to hold its 2026 Annual General Meeting of Shareholders on March 31, 2026, where the Board of Directors will propose new candidates for election as part of a structured refreshment process aimed at enhancing expertise in technology, AI, and financial governance [1][2]. Board Composition and Nominees - The Board will propose the election of three new directors: María Inés Álvarez (Independent), Juan Paredes Manrique (Independent), and Manuel Romero Valdez (Non-Independent) [3]. - The new nominees are intended to succeed retiring directors Antonio Abruña Puyol, Alexandre Gouvêa, and Patricia Lizárraga Guthertz, while all other current directors will stand for re-election [3][9]. Nomination Process - The nomination process was overseen by the Compensation and Nominations Committee, ensuring compliance with the Company's Bye-laws and Corporate Governance Policies, including independence assessments and conflict-of-interest safeguards [4]. - The Audit Committee will remain composed entirely of independent directors, maintaining robust oversight of financial reporting and risk management [4]. New Director Profiles - **María Inés Álvarez**: A technology executive with over 30 years of experience in AI and cybersecurity, previously at Microsoft, enhancing the Board's oversight of digital transformation [5]. - **Juan Paredes Manrique**: An independent consultant with extensive experience in external audit and regulatory matters, reinforcing financial reporting and compliance oversight [6]. - **Manuel Romero Valdez**: Chairman of Grupo Romero with a background in corporate finance and strategy, contributing to long-term capital allocation and governance [7]. Continuity and Experience - The Board will also propose the re-election of existing directors, including Nuria Aliño Pérez and María Teresa Aranzabal Harreguy, who bring continuity and deep institutional knowledge [8]. - The Board emphasizes maintaining diversity, with women representing one-third of its composition [4]. Dividend Policy Update - The Board approved an update to the Company's dividend policy, maintaining a minimum payout of 25% of consolidated net profits, aligning with regulatory capital considerations [11]. Company Overview - Credicorp is the leading financial services holding company in Peru, with operations in multiple countries and a diversified business portfolio across Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Management & Advisory [12].