Vista Outdoor Inc. (NYSE:VSTO) shares are trading higher premarket on Monday after the company inked a deal to sell Revelyst to Strategic Value Partners (SVP) for $1.125 billion in cash. Additionally, Vista amended its merger agreement with Czechoslovak Group (CSG) to acquire The Kinetic Group, increasing the purchase price to $2.225 billion. The SVP transaction […]
BP Sells Stake in Gas Pipeline to Apollo: Raising Capital for What?
Lekha Gupta | September 16, 2024
BP p.l.c. (NYSE:BP) inked a deal under which Apollo Global Management, Inc. (NYSE:APO) managed funds will acquire a non-controlling stake in BP Pipelines TAP Limited for around $1 billion. The bp subsidiary, bp Pipelines TAP Limited, holds a 20% share in Trans Adriatic Pipeline AG (TAP). Trans Adriatic Pipeline AG runs a key 880-kilometer segment of the […]
Build-A-Bear Workshop’s Q2 Earnings Beat, Sees Strong Improvement In Q3-YTD Web Demand
Lekha Gupta | August 29, 2024
Build-A-Bear Workshop, Inc. (NYSE:BBW) shares are trading higher after it reported second-quarter revenue growth of 2.4% Y/Y to $111.8 million, beating the analyst consensus of $108.5 million. Consolidated e-commerce demand, including online orders fulfilled from the warehouse or stores, fell by 28.2%. Quarterly commercial and international franchise revenues were a combined $8.3 million and upped 44.8% Y/Y. EPS of $0.64 (+12.3% Y/Y), beating […]
What’s Going On With Palantir Technologies Shares Monday?
Lekha Gupta | April 1, 2024
Palantir Technologies Inc. (NYSE:PLTR) received a contract from the Defense Information Systems Agency (DISA) on Friday. Notably, Palantir won the contract to deliver an Electromagnetic Battle Management – Joint Decision Support (EMBM-J DS) prototype. The prototype Other Transaction Authority (OTA) Agreement contract is worth $9.8 million over twelve months. The contract will provide the Department of Defense […]