Latest news with #stocksale
Bloomberg
23-07-2025
- Business
- Bloomberg
Iberdrola's Share Sale Draws €19 Billion in Investor Orders
Iberdrola SA 's capital increase attracted orders for about 3.8-times the stock available, suggesting robust appetite for European stock sales. The Spanish energy firm raised about €5 billion ($5.9 billion) on Wednesday by selling more than 331 million new shares at €15.15 each, a 4.7% discount to its last closing price. It was Europe's largest stock sale this year, according to data compiled by Bloomberg. The level of demand, which was disclosed in a company statement, represented roughly €19 billion of investor orders.
Yahoo
15-07-2025
- Business
- Yahoo
Intel Offloads $1 Billion Mobileye Shares Amid Valuation Wobbles
July 15 - Intel (NASDAQ:INTC) has sold a sizable portion of its stake in Mobileye (NASDAQ:MBLY), offloading 63.7 million Class A shares worth approximately $1.02 billion, according to a Friday regulatory filing. The transaction was priced at $16.05 per share. Warning! GuruFocus has detected 7 Warning Signs with INTC. The deal comes after Mobileye shares declined about 11% over the past week. Despite that drop, analysts have issued mixed reactions to recent developments, including the company's secondary offering and buyback plans. Intel's ownership structure shifted after converting 113.7 million Class B shares into Class A stock, retaining 50 million Class A shares through its subsidiary, Intel Overseas Funding Corporation. Mobileye recently priced a secondary offering of 50 million shares at $16.50, all sold by Intel's unit. The company will repurchase around 6.2 million shares directly from the seller. Market watchers are divided. Loop Capital raised its price target to $24, citing Mobileye's long-term potential, while BofA Securities and BNP Paribas maintained neutral ratings, pointing to near-term earnings pressures. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
17-06-2025
- Business
- CNA
SoftBank raises US$4.8 billion from T-Mobile share sale, term sheet shows
SYDNEY: Japan's SoftBank raised US$4.8 billion from a sale of 21.5 million T-Mobile shares at US$224 each, according to a term sheet reviewed by Reuters. The shares were offered in a price range of US$224 to US$228 each, the term sheet said. The final price was around a 3 per cent discount to T-Mobile's closing price on Monday of US$230.99. SoftBank and T-Mobile did not immediately respond to requests for comment from Reuters. SoftBank will remain T-Mobile's second largest shareholder after the stock sale, behind Deutsche Telekom which is the US company's biggest investor. The Japanese firm owned 7.52 per cent of T-Mobile, or 85.36 million shares worth about US$22.76 billion, according to LSEG data, ahead of the block trade. SoftBank said in late 2023 it would receive T-Mobile shares worth about US$7.59 billion at no additional cost after conditions set out in an agreement made as part of the merger of SoftBank's US telco Sprint and T-Mobile were met.
CNA
17-06-2025
- Business
- CNA
SoftBank raises $4.8 billion from T-Mobile share sale, term sheet shows
SYDNEY :Japan's SoftBank raised $4.8 billion from a sale of 21.5 million T-Mobile shares at $224 each, according to a term sheet reviewed by Reuters. The shares were offered in a price range of $224 to $228 each, the term sheet said. The final price was around a 3 per cent discount to T-Mobile's closing price on Monday of $230.99. SoftBank and T-Mobile did not immediately respond to requests for comment from Reuters. SoftBank will remain T-Mobile's second largest shareholder after the stock sale, behind Deutsche Telekom which is the U.S. company's biggest investor. The Japanese firm owned 7.52 per cent of T-Mobile, or 85.36 million shares worth about $22.76 billion, according to LSEG data, ahead of the block trade. SoftBank said in late 2023 it would receive T-Mobile shares worth about $7.59 billion at no additional cost after conditions set out in an agreement made as part of the merger of SoftBank's U.S. telco Sprint and T-Mobile were met.
Bloomberg
20-05-2025
- Business
- Bloomberg
Take-Two Dips as Video-Game Maker Preps $1 Billion Stock Sale
Take-Two Interactive Software Inc. shares fell as much as 5% in extended trading after the company announced plans to sell $1 billion of new stock to investors. The New York-based video-game maker plans to use the proceeds for general corporate purposes, including repayment of debt and future acquisitions, according to a statement Tuesday. The company declined to comment further on the sale.
