Tag: mergers
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Regional-bank stocks move up after PacWest deal suggests stabilization in sector
[ad_1] Regional-bank stocks rose Wednesday as hard-hit PacWest Bancorp agreed to be acquired by Banc of California in a sign that the hangover from bank failures earlier this year may be receding. “The implied take out price of $9.60 is higher than many estimated, with ‘[PacWest] resolution’ a net positive for the banking sector,” KBW…
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Raytheon’s stock heads for worst selloff since 9/11
[ad_1] Raytheon Technologies Corp.’s stock tumbled 10% Tuesday, its worst day in more than three years, after the aerospace and defense company said it needs to remove certain Pratt & Whitney jet engines from service for inspection. The stock RTX, -10.22% ended at its lowest since Oct. 17, when it closed at $84.47. It suffered…
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NextPoint strikes restructuring deal to sell assets
[ad_1] NextPoint Financial NACQF, +11.36% has reached a restructuring deal to sell assets and substantially reduce its debt. The Canadian financial-services company said the agreement struck with a set of lenders calls for them to buy NextPoint’s assets for up to $281 million, consisting of a credit bid of at least $100 million in secured…
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Don’t raid your retirement accounts—but here’s when you can do it safely, if you have to
[ad_1] This article is reprinted by permission from NerdWallet. The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Raiding your retirement accounts can be expensive. Withdrawing money…
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AT&T to pause prior plans to remove lead cables under Lake Tahoe as it works with regulators
[ad_1] AT&T Inc. said in a Tuesday court filing that it would hold off on prior plans to remove lead-sheathed cables running underneath California’s Lake Tahoe amid recent reporting on the legacy cables. The company agreed back in 2021 to remove the Lake Tahoe cables, a move that AT&T’s T, -0.59% lawyers said Tuesday was…