DPL LLC Announces Extension of Expiration Time for Previously Announced Consent Solicitation Accessibility Statement Skip NavigationDAYTON, Ohio, March 12, 2026 /PRNewswire/ -- DPL LLC (f/k/a DPL Inc.) ("DPL") today announced that it has extended the expiration time for its previously announced solicitation of consents (the "Consent Solicitation") from registered holders (the "Holders") of its 4.35% Senior Notes due 2029 (the "Notes") to 5:00 p.m., New York City time, on March 13, 2026, unless further exten ...

Core Viewpoint - GlobalFoundries (GF) is conducting a secondary public offering of 20 million ordinary shares at a price of $42.00 per share, alongside a $300 million share repurchase from the Selling Shareholder, Mubadala Technology Investment Company [1][2][3] Group 1: Offering Details - The offering consists of 20 million ordinary shares priced at $42.00 each, with an additional 3 million shares available for underwriters to purchase within 30 days [1] - The offering is expected to close on March 13, 2026, pending customary closing conditions [1] - GF will not sell any shares in this offering and will not receive any proceeds from the sale [2] Group 2: Share Repurchase - GF has agreed to repurchase $300 million of the Selling Shareholder's ordinary shares at the same price as the public offering [3] - This repurchase is part of a broader $500 million share repurchase authorization approved by GF's Board of Directors in February 2026 [3] - The closing of the share repurchase is contingent upon the closing of the offering, but not vice versa [3] Group 3: Underwriters - J.P. Morgan and Morgan Stanley are the lead book-running managers for the offering, with several other financial institutions acting as active and co-managers [4] Group 4: Company Overview - GlobalFoundries is a leading semiconductor manufacturer, providing essential products for various high-growth markets including automotive and IoT [7] - The company emphasizes innovation and partnerships to deliver high-performance, power-efficient products [7]

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].

Core Viewpoint - Honeywell Aerospace is launching a private offering of senior notes totaling up to $16 billion as part of its planned spin-off from Honeywell, expected to be completed in Q3 2026 [1] Group 1: Offering Details - Aerospace has initiated a private offering of senior notes with an aggregate principal amount of up to $16 billion [1] - The offering includes a five-year senior unsecured revolving credit facility of $3 billion and a 364-day senior unsecured revolving facility of $1 billion [1] - Proceeds from the offering will be used for cash distribution to Honeywell, fees related to the spin-off, and general corporate purposes [1] Group 2: Notes Structure - The notes will be senior unsecured obligations of Aerospace, guaranteed by Honeywell until the spin-off is completed [1] - Upon completion of the spin-off, Honeywell will be released from all obligations under its guarantees automatically [1] - The notes and related guarantees will not be registered under the Securities Act and will be offered only to qualified institutional buyers [1] Group 3: Company Background - Honeywell Aerospace Inc. is a leading global supplier in aerospace and defense, providing critical systems and technologies for various markets [1] - The company’s portfolio includes segments such as Electronic Solutions, Engines & Power Systems, and Control Systems [1] - Honeywell operates across multiple industries, offering solutions for aerospace, building automation, and industrial automation [1]

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]

Core Insights - Investor sentiment shifted dramatically from optimism to devastation as Ostin Technology Group Co., Ltd. (Nasdaq: OST) experienced a catastrophic stock collapse, losing over $950 million in market capitalization in a single trading session [1] Group 1: Investor Sentiment and Market Reaction - Thousands of retail investors across six countries believed they had found a lucrative opportunity in OST, driven by AI-generated deepfake videos and a coordinated promotional campaign [1] - On June 26, 2025, OST's stock plummeted 94.1%, falling from an intraday peak of $9.40 to $0.55, resulting in a loss of $8.85 per share [1] - The trading volume surged to 34.55 million shares, more than five times the daily average, indicating a coordinated selling effort that triggered the collapse [1] Group 2: Promotional Tactics and Investor Manipulation - A promotional campaign began in May 2025, utilizing fabricated identities and stolen credentials to create an illusion of institutional endorsement [1] - WhatsApp groups were used to disseminate daily buy instructions, creating artificial peer pressure among investors [1] - Skeptics within these groups were silenced to maintain a false consensus, and fabricated acquisition rumors were spread to bolster confidence in OST [1] Group 3: Financial Performance and Institutional Interest - OST's financials showed $38 million in annual revenue and a negative 27% profit margin, raising questions about the sustainability of promised returns of "15-25% weekly" and "up to 300%" [1] - Institutional ownership remained at a mere 0.1% throughout the stock's rise, indicating a lack of interest from professional money managers [1] - No significant earnings surprises or technological breakthroughs were announced to justify the stock's dramatic price increase of 1,175% [1]

Core Insights - Albemarle Corporation has divested a controlling stake in its Ketjen Corporation's refining catalyst solutions business to KPS Capital Partners, while retaining a minority stake and maintaining full ownership of Ketjen's Performance Catalyst Solutions unit [1][3][8] - The combined divestments of Ketjen and the Eurecat joint venture generated $670 million in pre-tax proceeds, which will be utilized for debt reduction and general corporate purposes [2][8] - Albemarle's strategic moves reflect confidence in Ketjen's value-creation potential and aim to strengthen its overall portfolio [3] Financial Performance - Albemarle's stock has increased by 121.2% over the past year, significantly outperforming the industry, which has seen an 11.7% decline [5] - The proceeds from the recent divestments are expected to enhance Albemarle's financial flexibility [2][8]

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].