10:05 AM EDT, 03/25/2024 (MT Newswires) -- Lucid Group ( LCID ) rallied early Monday after saying majority owner Ayar Third Investment Co. will buy $1 billion of a new series of its convertible preferred stock through a private placement with the electric vehicle powertrain company, subject to customary closing conditions. Specific terms of the convertible preferred stock sale were...

March 25 (Reuters) - Essex Property Trust Inc ( ESS ): * ESSEX PROPERTY TRUST ACQUIRES JOINT VENTURE PARTNER'S INTEREST IN FOUR COMMUNITIES COMPRISING 1,480 APARTMENT HOMES * ESSEX PROPERTY TRUST INC ( ESS ): ACQUIRED JV PARTNER'S 49.9% INTEREST IN BEXAEW PORTFOLIO FOR A TOTAL PURCHASE PRICE OF $505 MILLION ON A GROSS BASIS * ESSEX PROPERTY TRUST INC...

10:05 AM EDT, 03/25/2024 (MT Newswires) -- Manulife Financial Corporation ( MFC ) on Monday agreed to reinsure $5.8 billion of reserves of low ROE Canadian Universal Life block to RGA Life Reinsurance Company of Canada. Among key highlights it said the transaction: Represents the largest Universal Life reinsurance transaction in Canada, with an attractive earnings multiple of 16.2 times...

MNC Capital Partners escalated its bid to acquire Vista Outdoor, Inc. ( VSTO ) to $37.50 per share, a proposal valuing the company at ~$3.0 billion.  The revised offer represents a premium of over 16% to Vista’s closing price of $32.26 on Friday. This new bid surpasses Vista’s pre-offer share price of below $30.00 and significantly increases MNC’s initial February 19, 2024, offer....