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Noble Corporation To Acquire Diamond Offshore Drilling In $15.52/Share Deal; Enhances Dividend Payouts By 25%

Benzinga

The transaction expected to close by the first quarter of 2025, subject to customary closing conditions. Dividend Boost : Additionally, Noble’s Board of Directors has approved a 25% increase in its quarterly dividend to $0.50 Once the deal is completed, Diamond shareholders will hold approximately 14.5%

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Japan Megabanks’ Strategic Share Sale Marks Big Priority Shift

Global Finance

billion by March 2025. Japanese companies historically have held onto cash rather than doing buybacks or paying out dividends,” he says, “so a lot of companies have a large stockpile of cash on their books. Mitsubishi UFJ Financial Group said it plans to sell $2.2 Now they’re thinking more strategically about how to allocate capital.”

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Data Update 2 for 2024: A Stock Comeback - Winning the Expectations Game!

Musings on Markets

Heading into 2023, US equities looked like they were heading into a sea of troubles, with inflation out of control and a recession on the horizon. Breaking equities down by sub-region, and looking across the globe, I computed the change in aggregate market capitalization, by region: While US stocks accounted for about $9.5

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TJX Companies Q2 Earnings: Strong Sales, Higher Margins, Invests In Dubai's Brands For Less

Benzinga

NYSE: TJX ) shares surged after a solid second-quarter performance, smashing earnings expectations and raising its fiscal 2025 profit outlook. During the quarter, TJX returned $982 million to shareholders through share repurchases and dividends. TJX Companies, Inc. The company’s pretax profit margin reached 10.9%, up 0.5

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Semnur Pharmaceuticals, Inc., a Wholly Owned Subsidiary of Scilex Holding Company, Provides Timing to File in October 2024 a Registration Statement on Form S-4 with the SEC relating to the Previously Announced Proposed Business Combination Between Semnur and Denali with a Pre-Transaction Equity Value of $2.5 Billion

Benzinga

(NASDAQ: DECA , the "SPAC")), which provides for a pre-transaction equity value of Semnur of $2.5 The closing of the Business Combination is expected to occur by the end of fourth quarter of 2024 or the first quarter of 2025. Scilex will set a record date for the dividend shares after Semnur registration statement on file with SEC.

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Semnur Pharmaceuticals, Inc., a Wholly Owned Subsidiary of Scilex Holding Company, and Denali Capital Acquisition Corp. (Nasdaq: DECA) Announce Signing of a Merger Agreement for a proposed Business Combination, Providing for a Pre-Transaction Equity Value of Semnur of $2.5 Billion

Benzinga

(NASDAQ: DECA , the "SPAC")) announce the signing of an agreement and plan of merger for a proposed business combination (the "Business Combination Agreement"), which provides for a pre-transaction equity value of Semnur of $2.5 The Board of Scilex, Semnur, and Denali Capital Acquisition Corp. have approved the proposed transaction.

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Market Resilience or Investors In Denial? A Mid-year Assessment for 2023!

Musings on Markets

In my second data update post from the start of this year , I looked at US equities in 2022, with the S&P 500 down almost 20% during the year and the NASDAQ, overweighted in technology, feeling even more pain, down about a third, during the year. US Equities in 2023: Into the Weeds! that was lost last year.