03:58 PM EDT, 05/02/2024 (MT Newswires) -- (Adds Kellanova's comment, TOMS Capital not responding to request for comment, and stock move in third to fifth paragraphs) A significant stake in Kellanova ( K ) is now held by investment firm TOMS Capital Investment Management, Reuters reported Thursday, citing two people familiar with the matter. TOMS Capital is engaging with Kellanova...

On Thursday, Regeneron Pharmaceuticals Inc reported first-quarter adjusted EPS of $9.55, down 5% Y/Y, missing the consensus of $10.10. The company reported sales of $3.15 billion, missing the consensus of $3.22 billion. First quarter 2024 revenues decreased by 1%; excluding Ronapreve (COVID-19 antibody), revenues increased by 7%. Eylea US sales fell 16% to $1.2 billion, primarily due to changing market dynamics, resulting in lower volumes and...

NEW YORK (Reuters) -Sycamore Partners is one of the buyout equity firms that have expressed interest in taking U.S. department store Nordstrom private, according to people familiar with the matter. Nordstrom said last month that CEO Erik Nordstrom and his brother Pete, the company's president, were exploring options to take the retailer private, confirming a Reuters report that had been...

03:54 PM EDT, 05/02/2024 (MT Newswires) -- (Updates to reflect SEC's response.) The US Securities and Exchange Commission has ended an investigation into trades by Barry Diller, Alexander von Furstenberg and David Geffen to buy Activision Blizzard options prior to the company announcing its acquisition by Microsoft ( MSFT ) , The Wall Street Journal reported Thursday. The regulator does...