KKR & Co. ( KKR ) Inc. inked a deal to acquire Perpetual’s wealth management and corporate trust businesses for AU$2.175 billion (~$1.43 billion). KKR will acquire the businesses through a Scheme of Arrangement (Scheme), and net proceeds will be returned to shareholders. The proceeds will be determined after paydown of Perpetual Group debt, along with separation and transaction costs and including customary business-specific net debt adjustments at completion.  Perpetual also announced the retirement of its CEO...

02:31 PM EDT, 05/08/2024 (MT Newswires) -- Shopify ( SHOP ) reported solid in-line Q1 results that were actually ahead of expectations, writes National Bank. The issue was Q2 guidance which came in shy of expectations. Shopify ( SHOP ) is now down near 20% National Bank analyst Richard Tse continues to believe that Shopify ( SHOP ) is fortifying...

02:36 PM EDT, 05/08/2024 (MT Newswires) -- Granite Point Mortgage Trust ( GPMT ) shares were down more than 11% in recent Wednesday trading, a day after the company reported its Q1 earnings. The company reported a Q1 diluted loss of $1.53 per share, widening from a loss of $0.72 per share a year earlier. Analysts polled by Capital IQ...

02:30 PM EDT, 05/08/2024 (MT Newswires) -- Price: 111.17, Change: +0.30, Percent Change: +0.27 ...