Net Element Shares Surge 45% After Reporting Strong Growth in Its North America Unified Payments Ops

Net Element Shares Surge 45% After Reporting Strong Growth in Its North America Unified Payments Ops

Net Element (NETE) shares surged 45% Friday after the provider of solutions for electronic payments acceptance across point of sale, e-commerce and mobile devices reported strong growth in its North America Unified Payments division. Total e-commerce volumes in H1 increased by 33% from a year ago and transactions processed increased by 34%. New e-commerce merchants in H1 increased by 37%.. Total volumes for electronic commerce and value-added integrated services such […]

Read More ˃
Micron Technology Prices Upsized Offering of 29.3 Mln Shares at 1.5% Discount

Micron Technology Prices Upsized Offering of 29.3 Mln Shares at 1.5% Discount

Micron Technology (MU) said late Wednesday it has priced the sale of 29.3 million shares in a public offering at $41 each, a 1.5% discount to the closing price. The offering was upsized to $1.2 billion from previously $1 billion. Micron also granted the underwriter an option to buy an additional 4.4 million shares. The company said it plans to use approximately $476 million of the net proceeds to redeem […]

Read More ˃
DXC Technology to Combine US Public Sector Ops With Vencore

DXC Technology to Combine US Public Sector Ops With Vencore

DXC Technology (DXC) said late Thursday it plans to combine its US Public Sector business with Vencore Holding Corporation and KeyPoint Government Solutions to form a separate, independently publicly traded company that will serve US public sector clients. Under the agreement, DXC shareholders will own approximately 86% of the new company and private equity firm Veritas Capital and its affiliates, which own Vencore and KeyPoint, will own 14% and will […]

Read More ˃
MutualFirst Financial and Universal Bancorp Sign Merger Deal to Expand Footprint in Central & Southern Indiana

MutualFirst Financial and Universal Bancorp Sign Merger Deal to Expand Footprint in Central & Southern Indiana

MutualFirst Financial (MFSF) and Universal Bancorp said late Wednesday they signed an agreement pursuant to which Universal will be merged into MutualFirst, with MutualFirst being the surviving entity. The cash and stock transaction is valued at about $65.6 million. After the close, BloomBank, a wholly owned subsidiary of Universal, will merge into MutualFirst’s wholly owned bank subsidiary, MutualBank, according to a statement. The merger is expected to be accretive to […]

Read More ˃
European ADRs Move Higher in Monday Trading

European ADRs Move Higher in Monday Trading

American depositary receipts of European stocks were trading 0.28% higher at 134.73 on the Bank of New York Mellon Europe ADR Index on Monday. In continental Europe, the gainers were led by biopharmaceutical company Cellectis (CLLS), and medical equipment company Edap (EDAP), which rose 10.7% and 1.8% respectively. They were followed by healthcare company Novo Nordisk (NVO), and biopharmaceutical company Forward Pharma (FWP), which were up 1.2% and 1%. The […]

Read More ˃