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Cenovus announces amended agreement with increased price to acquire MEG Energy and provides update on third-quarter operating results
Globenewswire· 2025-10-08 10:00
Core Viewpoint - Cenovus Energy Inc. has amended its agreement to acquire MEG Energy Corp, offering shareholders a choice between cash and shares, reflecting a strategic response to shareholder preferences and market conditions [1][2][3][4]. Acquisition Details - The Amended Agreement allows MEG shareholders to choose between receiving $29.50 in cash or 1.240 Cenovus shares, with a maximum cash amount of $3.8 billion and a maximum of 157.7 million Cenovus shares [2]. - The fully pro-rated consideration equates to approximately $14.75 in cash and 0.620 of a Cenovus share per MEG common share [2]. - The total value per MEG share under the Amended Agreement is approximately $29.80, an increase of $1.32 from the original agreement based on Cenovus's closing share price on October 7, 2025 [3]. Shareholder Support and Strategic Adjustments - Cenovus received majority support from MEG shareholders, many of whom preferred a higher share consideration to benefit from the combined company's potential [4]. - The company has amended the existing standstill agreement, allowing it to purchase up to 9.9% of MEG's outstanding shares, intending to vote these shares in favor of the transaction [4]. Meeting Postponement - The special meeting for MEG shareholders to vote on the Amended Agreement has been postponed to October 22, 2025, to provide additional time for consideration [6]. Regulatory Approvals - Cenovus has confirmed that it has received key regulatory approvals from the Canadian Competition Bureau and the United States Federal Trade Commission for the transaction [7]. Financial Performance - In Q3 2025, Cenovus achieved record production levels, with upstream production at approximately 832,000 barrels of oil equivalent per day and downstream crude throughput at approximately 712,000 barrels per day [8]. - The company completed the sale of its 50% interest in WRB Refining LP for approximately $1.8 billion, reducing net debt to approximately $3.5 billion post-sale [9]. Share Repurchase Plans - Following the lower maximum cash consideration in the Amended Agreement, Cenovus plans to increase share repurchases in the upcoming quarters [5][10].
Sound Group Announces Cancellation of Repurchased Shares
Globenewswire· 2025-10-07 11:15
Core Points - Sound Group Inc has successfully completed its share repurchase program, canceling a total of 951,252 American depositary shares (ADSs) for approximately US$4 million [1][2][3] - The cancellation of these shares has resulted in approximately 832 million ordinary shares outstanding, equivalent to 4.16 million ADSs [2] - The CEO of Sound Group expressed confidence in the company's intrinsic value and long-term growth prospects, emphasizing the commitment to enhancing shareholder value through share repurchase and cash dividend programs [3] Company Overview - Sound Group Inc is a global audio-centric social and entertainment company, aiming to build the world's largest audio platform to enhance human connection through sound [4] - The company has been listed on Nasdaq since January 2020 [4]
Marti Announces Amendment to Extend Its Share Repurchase Program
Businesswire· 2025-10-02 10:00
ISTANBUL--(BUSINESS WIRE)--Türkiye's leading mobility super app Marti Technologies, Inc. ("Marti†or the "Company†) (NYSE American: MRT) today announced an amendment to extend its share repurchase program. The Company's Board of Directors (the "Board†) authorized a six month extension to its share repurchase program under which the Company may repurchase up to $2.5 million of its outstanding Class A ordinary shares until April 9, 2026. The share repurchase program was originally initiated on Ja. ...
Globant unveils new $125 million share repurchase program
Prnewswire· 2025-10-01 20:24
Core Viewpoint - Globant S.A. has approved a new share repurchase program, allowing for the repurchase of up to $50 million per quarter, with a total maximum of $125 million from Q4 2025 to Q4 2026 [1][11]. Group 1: Share Repurchase Program Details - The share repurchase program reflects the company's confidence in its long-term strategy and aims to enhance shareholder value [2]. - The program is supported by the company's free cash flow generation and is part of a disciplined capital allocation strategy, while still allowing for investments in strategic growth initiatives [3]. - Repurchases will be made at the discretion of the company, influenced by various factors such as market conditions, share price, and corporate liquidity [4][5]. Group 2: Company Overview and Market Position - Globant operates in over 35 countries with more than 30,000 employees, serving major clients like Google and Electronic Arts [8]. - The company has been recognized as a leader in AI services and media consultation, and is noted as the fastest-growing IT brand globally [8]. - Globant is actively involved in partnerships with major technology firms like Open AI and NVIDIA, focusing on innovation across industries [8].
Catalyst Pharmaceuticals Stock Rises 5% On New Share Repurchase Program
RTTNews· 2025-10-01 18:13
Group 1 - Catalyst Pharmaceuticals, Inc. (CPRX) shares increased by 5.38 percent to $20.76, gaining $1.06 following the announcement of a new share repurchase program [1] - The Board of Directors authorized the buyback of up to $200 million of outstanding common stock, scheduled between October 1, 2025, and December 31, 2026 [1] - The stock opened at $20.38 and traded within a range of $20.13 to $22.02, compared to a previous close of $19.70 on the Nasdaq [1] Group 2 - Trading volume reached 2.96 million shares, exceeding the average of 1.47 million shares [2] - Catalyst Pharmaceuticals now trades within a 52-week range of $19.05 to $26.58 [2]
Schwab's Liquidity Cushion: Does it Make Capital Returns Sustainable?
ZACKS· 2025-10-01 15:16
Key Takeaways Charles Schwab reported $32.2B in cash and cash equivalents as of June 30, 2025.SCHW authorized a new $20B share repurchase program in July, replacing its prior plan.The company raised its dividend by 8% in January and targets a 20-30% payout ratio.Charles Schwab (SCHW) enjoys a strong liquidity position and remains focused on maintaining a low-cost capital structure. As of June 30, 2025, cash and cash equivalents were $32.2 billion. As of the same date, total debt was $37.7 billion. Moreover, ...
DeFi Development Corp. Stock Rises as Solana Firm Boosts Buyback Plan to $100 Million
Yahoo Finance· 2025-09-24 16:15
Group 1 - DeFi Development Corp. (DFDV) increased its share repurchase program from $1 million to $100 million, leading to a temporary 6% rise in shares before retracing [1] - DFDV's current trading price is $15.73, reflecting a year-to-date increase of over 2,100%, although it has seen a 12% decline in the last week [1] - The firm holds approximately $452 million worth of Solana, while its market cap is around $395 million, resulting in a market-to-net asset value (mNAV) ratio below 1 [4] Group 2 - DFDV aims to maximize Solana-per-share (SPS) growth and will evaluate buybacks against other growth opportunities [2] - The firm has established a $5 billion equity line of credit (ELOC) to support future Solana purchases [5] - DFDV is the second-largest publicly traded Solana treasury firm, holding 2,095,748 SOL on its balance sheet [6] Group 3 - Other digital asset companies, like SharpLink Gaming, are also considering share repurchase programs based on their net asset value compared to market cap [3] - The recent underperformance of Solana, which has fallen about 9% in the last week, is attributed to priced-in corporate purchases and deleveraging pressures [6] - Predictors are evenly split on whether Solana will reach a new all-time high above $293.31 by the end of the year, reflecting a decline in bullish sentiment [7]
Jabil Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call - Jabil (NYSE:JBL)
Benzinga· 2025-09-24 11:58
Group 1 - Jabil Inc. is set to release its fourth-quarter earnings results on September 25, with analysts expecting earnings of $2.95 per share, an increase from $2.30 per share in the same period last year [1] - The company is projected to report quarterly revenue of $7.67 billion, compared to $6.96 billion a year earlier [1] - On July 17, Jabil announced a $1 billion share repurchase authorization [1] Group 2 - Jabil shares rose 0.5% to close at $234.45 on Tuesday [2] - Analysts have provided various ratings and price targets for Jabil, with JP Morgan maintaining an Overweight rating and raising the price target from $214 to $256 [4] - Stifel reinstated a Buy rating with a price target of $245, while B of A Securities raised its price target from $225 to $245 [4] - Raymond James reiterated a Strong Buy rating and increased the price target from $170 to $230, and Goldman Sachs raised its price target from $188 to $215 [4]
Viemed Healthcare Announces Completion of Share Repurchase Program
Accessnewswire· 2025-09-23 21:00
Core Points - Viemed Healthcare, Inc. has completed all share repurchases authorized under its share repurchase program [1] - The Board of Directors authorized the repurchase of up to 1,976,441 common shares, which is approximately 5% of the total issued and outstanding shares at the time of authorization [1]
Euronext announces completion of share repurchase programme as part of its long-term incentive plan
Globenewswire· 2025-09-22 06:30
Core Viewpoint - Euronext has successfully completed a share repurchase program, acquiring 101,000 shares at an average price of €137.75 as part of its Long-Term Incentive plan [1][2]. Group 1: Share Repurchase Program - The share repurchase program was executed by an independent agent from September 4 to September 19, 2025, in accordance with the authorization granted by Euronext's General Meeting of Shareholders on May 15, 2025 [2]. Group 2: Company Overview - Euronext operates as a leading European capital market infrastructure, covering the entire capital markets value chain, including listing, trading, clearing, settlement, and custody [3]. - As of June 2025, Euronext's regulated exchanges host nearly 1,800 listed issuers with a total market capitalization of €6.3 trillion, making it a significant player in debt and fund listings globally [4]. - Euronext handles 25% of European lit equity trading and offers a diverse range of products, including equities, FX, ETFs, bonds, derivatives, commodities, and indices [4].