financetom
Business
financetom
/
Business
/
Westaim Completes US$79-Million Sale of Remaining Interest in Skyward Specialty Insurance
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Westaim Completes US$79-Million Sale of Remaining Interest in Skyward Specialty Insurance
Sep 11, 2024 4:08 AM

05:02 PM EDT, 09/10/2024 (MT Newswires) -- Westaim ( WEDXF ) after trade Tuesday said it sold all its remaining 1.91-million shares in Skyward Specialty Insurance Group.

The investment-holding company said proceeds, less commissions, were approximately US$79 million.

Westaim's ( WEDXF ) remaining investments include significant interests in Arena and the Arena FINCOs.

The company's shares closed down $0.04 to $3.81 on the TSX Venture Exchange.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
JetBlue Launches Senior Notes Offering, Term Loan
JetBlue Launches Senior Notes Offering, Term Loan
Aug 12, 2024
07:42 AM EDT, 08/12/2024 (MT Newswires) -- JetBlue Airways ( JBLU ) said Monday that it plans to offer $400 million of convertible senior notes due 2029. The carrier expects to grant initial purchasers a 13-day option to buy up to an additional $60 million of the notes. Net proceeds are expected to be used to repurchase a portion of...
Ascendis Pharma Gets US FDA Approval of Hypoparathyroidism Therapy
Ascendis Pharma Gets US FDA Approval of Hypoparathyroidism Therapy
Aug 12, 2024
07:34 AM EDT, 08/12/2024 (MT Newswires) -- Ascendis Pharma ( ASND ) said Monday the US Food and Drug Administration has approved Yorvipath, the company's treatment for hypoparathyroidism, a rare endocrine disease, in adults. The approval is based on data from the global phase 2 and 3 trials. The company said it is finalizing the manufacturing of a commercial product...
Bitdeer Technologies Group's Q2 Loss Narrows, Revenue Rises
Bitdeer Technologies Group's Q2 Loss Narrows, Revenue Rises
Aug 12, 2024
07:36 AM EDT, 08/12/2024 (MT Newswires) -- Bitdeer Technologies Group ( BTDR ) reported a Q2 loss Monday of $0.14 per diluted share, narrower than its loss of $0.36 a year earlier. Analysts polled by Capital IQ expected earnings of $0.01. Revenue for the quarter ended June 30 was $99.2 million, compared with $93.8 million a year earlier. Analysts surveyed...
Top Premarket Gainers
Top Premarket Gainers
Aug 12, 2024
07:39 AM EDT, 08/12/2024 (MT Newswires) -- PS International ( PSIG ) shares surged 80% pre-bell Monday, extending Friday's rally. Veritone ( VERI ) advanced 18%, rebounding from Friday's slide. Nuburu ( BURU ) shares increased 7.3%, shaving losses from the previous session. Price: 3.6000, Change: +0.19, Percent Change: +5.57 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved