NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM) formally SLM Corporation, today announced that it has entered into a $200 million accelerated share repurchase ("ASR†) agreement with Goldman Sachs & Co. LLC ("Goldman Sachs†). The ASR and any future share repurchases will be conducted under the $500 million share repurchase program authorized by Sallie Mae's Board of Directors, effective Jan. 22, 2026. "Following our fourth-quarter earnings announcement, pursuant to our $500 million s. ...

Core Viewpoint - Jim Cramer, a prominent market commentator, has reacted to the IPO of Robinhood Ventures Fund I, highlighting its novelty in allowing retail investors access to venture capital-style investments through a publicly traded fund [5][7]. Company Overview - Robinhood Markets, founded in 2013 by Stanford graduates, is an e-trading platform known for its crypto and tokenized stock offerings. The company went public in 2021 and joined the S&P 500 index in September 2022 [3][4]. - Robinhood Ventures, a subsidiary of Robinhood Markets, is a registered investment adviser with the SEC [3]. IPO Details - Robinhood Ventures Fund I announced its IPO on March 6, pricing 12,615,608 common shares at $25 each, aiming to raise $658.4 million, potentially increasing to $705.7 million if underwriters exercise their option for additional shares [4][5]. - The shares are set to trade on the NYSE under the symbol "RVI" from March 6 to March 9, with Goldman Sachs acting as the sole bookrunner [5]. Fund Composition - The fund's composition includes investments in various companies, such as: - Databricks (23.24%) - Revolut (14.30%) - Mercor (14.23%) - Airwallex (7.11%) - Boom Supersonic (7.11%) - Oura (7.11%) - Ramp (7.11%) - Cash and cash equivalents (19.78%) [6]. Market Impact - The fund aims to disrupt traditional investment practices by enabling retail investors to invest in private companies, which were previously accessible mainly to venture capital funds and high net-worth individuals [7].

HONEYWELL ANNOUNCES LAUNCH OF HONEYWELL AEROSPACE'S OFFERING OF SENIOR NOTES IN CONNECTION WITH PLANNED SPIN-OFF Accessibility Statement Skip NavigationCHARLOTTE, N.C., March 6, 2026 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced that, in connection with the previously announced plan to spin-off (the "Spin-Off") Honeywell Aerospace Inc. ("Aerospace") from Honeywell, Aerospace has commenced a private offering of up to $16 billion aggregate principal amount of senior notes (the "Notes"). The precise ...

Group 1 - Robinhood Ventures Fund I (RVI) has priced its initial public offering (IPO) at $25.00 per share, totaling $658.4 million, with a potential increase to $705.7 million if the underwriter's option is fully exercised [2][3] - The IPO consists of 12,615,608 common shares, all offered by RVI, and is expected to begin trading on the New York Stock Exchange (NYSE) under the symbol RVI on March 6, 2026, with the offering closing on March 9, 2026, pending customary closing conditions [2][3] - RVI has granted the underwriter a 30-day option to purchase an additional 1,892,341 common shares [3] Group 2 - RVI is a closed-end fund that provides retail investors with exposure to a concentrated portfolio of private companies [3][7] - Goldman Sachs & Co. LLC is acting as the sole bookrunner for the offering [3] - A registration statement for the sale of common shares was declared effective by the Securities and Exchange Commission on March 5, 2026 [4]

Core Viewpoint - AES Corporation has initiated consent solicitations to amend the indentures governing certain series of its outstanding notes in connection with a merger agreement with Horizon Parent, L.P. [1][2] Group 1: Consent Solicitation Details - The consent solicitations involve four series of senior notes with an aggregate principal amount of $3.5 billion, including 5.450% Senior Notes due 2028 ($900 million), 3.950% Senior Notes due 2030 ($700 million), 2.450% Senior Notes due 2031 ($1 billion), and 5.800% Senior Notes due 2032 ($800 million) [1] - The consent fee offered is $1.00 per $1,000 principal amount of notes held by consenting holders [1][2] - The consent solicitation will expire on March 11, 2026, with a record date of February 27, 2026, for eligible holders [1][2] Group 2: Proposed Amendments - Proposed amendments include provisions that the merger will not constitute a "Change of Control," designation of affiliates of GIP and EQT as "Permitted Holders," and allowing the successor company in a merger to be a limited liability company or limited partnership [1][2] - The effectiveness of the proposed amendments is contingent upon obtaining the requisite consents from a majority of the aggregate principal amount of the applicable series of notes [2] Group 3: Merger Agreement Context - The merger agreement involves AES merging with Horizon Merger Sub, Inc., a subsidiary of Horizon Parent, which is backed by Global Infrastructure Partners and EQT [1][2] - The consummation of the merger is not dependent on the consent solicitations or the proposed amendments becoming operative [1][2] Group 4: Financial and Operational Implications - If the requisite consents are obtained, a supplemental indenture will be executed, but the proposed amendments will only become operative upon the consummation of the merger and payment of the consent fee [2] - AES does not currently expect any downgrades in the ratings of the notes as a result of the merger [1][2]

OST INVESTOR LOSSES MOUNT AS SENTIMENT SHIFTS FROM OPTIMISM TO DEVASTATION -- SUEWALLST Accessibility Statement Skip NavigationFrom Optimism to Disillusionment: How Investor Sentiment Shifted as OST's $1 Billion Mirage CollapsedNEW YORK, March 5, 2026 /PRNewswire/ -- Thousands of retail investors across six countries believed they had found a once-in-a-lifetime opportunity in Ostin Technology Group Co., Ltd. (Nasdaq: OST). WhatsApp groups buzzed with daily buy signals. AI-generated deepfake videos of Goldma ...

Key Takeaways Albemarle sold a controlling stake in Ketjen to KPS, retaining a minority interest.ALB and its Eurecat JV divestment generated $670M in combined pre-tax proceeds.Albemarle will use proceeds to cut debt and support general corporate needs.Albemarle Corporation (ALB) has completed the divestment of a controlling stake in its Ketjen Corporation’s refining catalyst solutions business to affiliates of KPS Capital Partners, LP. It continues to hold a minority stake in Ketjen, while KPS will hold a m ...

Core Viewpoint - Viper Energy, Inc. has announced a public offering of 17,391,304 shares of its Class A common stock, expected to generate approximately $798 million in gross proceeds, with the offering set to close on March 4, 2026 [1]. Group 1: Offering Details - The offering is being conducted by Diamondback Energy, Inc. and certain affiliates of EnCap Investments, L.P. and Oaktree Capital Management, L.P. as the Selling Stockholders [1]. - The underwriters have been granted a 30-day option to purchase an additional 2,608,696 shares to cover over-allotments [2]. - Viper will not receive any proceeds from the sale of shares by the Selling Stockholders [1]. Group 2: Concurrent Purchase - In conjunction with the Secondary Offering, Viper has agreed to purchase 1,000,000 units in its operating company, VNOM Holding Company LLC, from certain affiliates of Oaktree Capital Management, L.P. [3]. - The price per unit for the Concurrent OpCo Unit Purchase will match the price per share received by Selling Stockholders in the Secondary Offering [3]. - The completion of the Secondary Offering is not contingent upon the Concurrent OpCo Unit Purchase, but the latter is conditioned upon the completion of the former [3]. Group 3: Regulatory and Management Information - Viper has filed a registration statement with the SEC for the offering, which includes a prospectus [4]. - J.P. Morgan and Goldman Sachs & Co. LLC are acting as joint book-running managers for the Secondary Offering [5]. - Viper Energy, Inc. is a publicly traded Delaware corporation focused on owning and acquiring mineral and royalty interests in oil and natural gas properties, primarily in the Permian Basin [7].

Core Viewpoint - Viper has filed a registration statement with the SEC for a Secondary Offering, indicating a strategic move to raise capital through the sale of shares [1] Group 1: Offering Details - The registration statement includes a prospectus that provides comprehensive information about the issuer and the offering [1] - Copies of the prospectus and prospectus supplement for the Secondary Offering can be obtained from J.P. Morgan and Goldman Sachs [1] Group 2: Forward-Looking Statements - The press release contains forward-looking statements regarding the completion of the Secondary Offering, Viper's strategy, future operations, and financial position [2] - These forward-looking statements are based on management's current expectations and assumptions about future events [2] - Actual results may differ materially from those anticipated due to various risks and uncertainties, including commodity price volatility and operational challenges [2]

Core Viewpoint - Viper Energy, Inc. is launching a secondary public offering of 17,391,304 shares of its Class A common stock, with no proceeds going to the company from this sale [1] Group 1: Secondary Offering Details - The secondary offering is being conducted by Diamondback Energy, Inc. and affiliates of EnCap Investments, L.P. and Oaktree Capital Management, L.P. [1] - The underwriters have a 30-day option to purchase an additional 2,608,696 shares to cover over-allotments [1] - J.P. Morgan and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering [3] Group 2: Concurrent OpCo Unit Purchase - Viper has agreed to purchase 1,000,000 units in its operating company, VNOM Holding Company LLC, from affiliates of Oaktree Capital Management, L.P. [2] - The price per unit for the Concurrent OpCo Unit Purchase will match the price per share received by Selling Stockholders in the secondary offering [2] - The completion of the secondary offering is not conditioned upon the Concurrent OpCo Unit Purchase, but the latter is contingent on the former's completion [2] Group 3: Company Overview - Viper Energy, Inc. is a publicly traded Delaware corporation focused on owning and acquiring mineral and royalty interests in oil and natural gas properties, primarily in the Permian Basin [6]