Advertisement
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.
read more
Australian Market Extends Early Sharp Losses In Mid-market
The Australian stock market is extending its early sharp losses in mid-market moves 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 well below the 8,450 level, with weakness across all sectors led by mining and technology stocks.
RTTNews
|
hace 1h 47min
Asian Markets A Sea Of Red
Asian stock markets are a sea of red on Friday, following the broadly negative cues from Wall Street overnight, as traders further scaled down their expectations for another U.S. Fed interest rate cut in December after the long-delayed US jobs report for September showed an unexpected uptick in unemployment rate, with job growth far exceeded economist estimates.
RTTNews
|
hace 2h 22min
Indian Shares Set To Follow Global Peers Lower
Indian shares may follow global peers lower on Friday as concerns grew over stretched valuations and AI investment profitability.
RTTNews
|
hace 2h 37min
Thai Stock Market May Spin Its Wheels On Friday
The Thai stock market has finished higher in two straight sessions, climbing almost a dozen points or 0.9 percent in that span. The Stock Exchange of Thailand now sits just above the 1,280-point plateau although it may be stuck in neutral on Friday.
RTTNews
|
hace 3h 11min
Indonesia Bourse May Run Out Of Steam On Friday
The Indonesia stock market has finished higher in two straight sessions, collecting almost 60 points or 0.78 percent along the way. The Jakarta Composite Index now sits just beneath the 8,420-point plateau although it may be stuck in neutral on Friday.
RTTNews
|
hace 3h 41min
Hong Kong Shares Tipped To Open In The Red On Friday
The Hong Kong stock market on Thursday ended the four-day losing streak in which it had surrendered almost 1,250 points or 4.7 percent. The Hang Seng Index now rests just above the 25,835-point plateau and it's looking at a soft start on Friday.
RTTNews
|
hace 3h 56min
Japanese Market Sharply Lower
Reversing the sharp gains in the previous session, the Japanese market is sharply lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is tumbling more than 2 percent to below the 48,700 level, with weakness in index heavyweights, financial and technology stocks partially offset by gains in automaker stocks.
RTTNews
|
hace 3h 59min
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.
RTTNews
|
hace 4h 11min
