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 Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Friday.
RTTNews
|
1 시간 20 분 전
Singapore Upgrades Growth Outlook
Singapore's economic growth for the current year was upgraded on Friday after the city-state economy posted a stronger-than-expected expansion in the third quarter. The Ministry of Trade and Industry forecast the economy to grow around 4 percent in 2025, which was revised up from 1.5 percent to 2.5 percent projected earlier.
RTTNews
|
1 시간 21 분 전
European Shares Seen Lower As AI Bubble Fears Linger
European stocks are seen opening lower on Friday, with lingering concerns over stretched valuations in the artificial intelligence sector and interest-rate worries likely to weigh on sentiment.
RTTNews
|
2 시간 48 분 전
European Economic News Preview: Eurozone Flash PMI Data Due
Flash purchasing managers' survey results from the euro area and the UK are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics publishes UK retail sales and public sector finance data. Retail sales are forecast to fall 0.1 percent month-on-month in October, in contrast to the 0.5 percent rise in September.
RTTNews
|
3 시간 15 분 전
Indian Shares Open Lower In Cautious Trade
Indian shares opened lower on Friday as global sentiment turned cautious due to concerns over stretched valuations and AI investment profitability.
RTTNews
|
4 시간 1 분 전
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
|
5 시간 12 분 전
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
|
5 시간 47 분 전
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
|
6 시간 2 분 전
