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Civitas Resources Agrees To Buyback $300 Mln Of Its Common Stock From CPPIB
(RTTNews) - Civitas Resources, Inc. (CIVI) reported on Tuesday that it has agreed to repurchase approximately 4.9 million shares of its common stock, par value $0.01 per share at a price of $61.00 per share, resulting in aggregate consideration of approximately $300 million from its largest shareholder, Canada Pension Plan Investment Board or CPPIB.
Following the Repurchase, CPPIB will remain the Company's largest shareholder and will own approximately 21% of the Common Stock.
As of December 31, 2022 and prior to the Repurchase, Civitas had approximately 85.1 million shares of Common Stock outstanding. Following the Repurchase, Civitas will have approximately 80.2 million shares of Common Stock outstanding.
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Continued Selling Pressure Seen For China Stock Market
The China stock market headed south again on Thursday, one day after ending the three-day losing streak in which it had stumbled more than 90 points or 2.3 percent. The Shanghai Composite Index now sits just above the 3,930-point plateau and the losses may accelerate on Friday.
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vor 1Std 11 Minuten
Australian Market Sharply Lower
The Australian stock market is trading sharply lower on Friday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,450 level, with weakness across all sectors led by mining and technology stocks.
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vor 1Std 22 Minuten
Japan Services PMI Steady At 53.1 - Jibun
The services sector in Japan continued to expand in November, and at a steady pace, the latest survey from Jibun Bank revealed on Friday with a services PMI score of 53.1.
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vor 1Std 24 Minuten
U.S. Dollar Drops Against Most Majors
The U.S. dollar dropped against its most major counterparts in the New York session on Thursday.
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vor 1Std 34 Minuten
Taiwan Bourse Tipped To Open Under Water On Friday
The Taiwan stock market on Thursday ended the two-day slide in which it had dropped more than 870 points or 3.3 percent. The Taiwan Stock Exchange now sits just above the 27,420-point plateau and it may extend its losses on Friday.
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vor 1Std 41 Minuten
Rally May Stall For Singapore Stock Market
The Singapore stock market has finished higher in back-to-back sessions, collecting 7 points or 0.2 percent in that span. The Straits Times Index now sits just above the 4,510-point plateau although it may run out of steam on Friday.
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vor 2Std 11 Minuten
Japan Has Y231.8 Billion Trade Shortfall
Japan posted a merchandise trade deficit of 231.8 billion yen in October, the Ministry of Finance said on Friday.
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vor 2Std 14 Minuten
Japan Overall Inflation Climbs 3.0% On Year In October
Overall consumer prices in Japan were up 3.0 percent on year in October, the Ministry of Internal Affairs and Communications said on Friday.
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vor 2Std 35 Minuten
