EQUINOX RES LTD by EQUINOX RES LTD Stock (OTC: EQNXF)

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EQUINOX RES LTD by EQUINOX RES LTD

Piper Sandler analyst Arvind Ramnani reiterates Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) with a Overweight and maintains $765 price target.

News

Price Target

Reiteration

Analyst Ratings

INTU

Piper Sandler Reiterates Overweight on Intuit, Maintains $765 Price Target

SemiLEDs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEDS#NASDAQ">LEDS</a>) reported quarterly losses of $(0.08) per share. This is a 100 percent decrease over losses of $(0.04) per share from the same period last year. The company reported $1.32 million in sales this quarter. This is a 8.88 percent decrease over sales of $1.45 million the same period last year.

Earnings

LEDS

SemiLEDs Q4 EPS $(0.08) Down From $(0.04) YoY, Sales $1.32M Down From $1.45M YoY

U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) will release its fourth-quarter financial results before the <a href="https://www.benzinga.com/quote/usb/earnings">opening bell on Thursday, Jan. 16</a>.
Analysts expect the Minneapolis, Minnesota-based company to report quarterly earnings at $1.05 per share, up from 49 cents per share in the year-ago period. U.S. Bancorp projects quarterly revenue of $6.99 billion, compared to $6.73 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Oct. 16, the company reported third-quarter adjusted earnings per share of $1.03, beating the analyst consensus estimate of 99 cents.
U.S. Bancorp shares fell 0.4% to close at $48.52 on Wednesday&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; .
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/USB/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Oppenheimer analyst Chris Kotowski maintained an Outperform rating and cut the price target from $66 to $62 on Jan. 3, 2025. This analyst has an accuracy rate of 86%.</li>
<li>DA Davidson analyst Peter Winter upgraded the stock from Neutral to Buy and raised the price target from $58 to $60 on Jan. 2, 2025. This analyst has an accuracy rate of 70%.</li>
<li>Raymond James analyst Michael Rose upgraded the stock from Market Perform to Outperform with a price target of $57 on Dec. 19, 2024. This analyst has an accuracy rate of 68%.</li>
<li>Compass Point analyst David Rochester maintained a Buy rating and increased the price target from $49 to $60 on Dec. 10, 2024. This analyst has an accuracy rate of 65%.</li>
<li>Piper Sandler analyst Scott Siefers maintained a Neutral rating and raised the price target from $52 to $58 on Dec. 3, 2024. This analyst has an accuracy rate of 70%.</li>
</ul>
Considering buying USB stock? Here&#8217;s what analysts think:
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42900074/how-to-earn-500-a-month-from-synovus-financial-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Synovus Financial Stock Ahead Of Q4 Earnings</a></li>
</ul>

Markets

Trading Ideas

U.S. Bancorp Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

MESO

Trading Halt: Halted at 4:00:59 a.m. ET - Trading Halt: Halt News Pending

MDRRP

Trading Halt: Halted at 3:58:17 a.m. ET - Trading Halt: Halt News Pending

The CMC Crypto Fear and Greed&nbsp;Index&nbsp;has plummeted below 50, reaching its lowest point since Oct. 14. This drop coincides with&nbsp;Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price slipping under $92,000, marking a notable change in market sentiment.
What Happened: As of 3:20 am ET on Friday,&nbsp;Bitcoin was trading at $94,708.791 while the index stood at 42.&nbsp;The CMC Fear and Greed&nbsp;Index, a proprietary tool by&nbsp;<a href="https://coinmarketcap.com/charts/fear-and-greed-index/">CoinMarketCap</a>, gauges&nbsp;the prevailing sentiment in the&nbsp;cryptocurrency market. This index, ranging from 0 to 100, reflects&nbsp;the emotional state of the&nbsp;market, influencing investor behavior.
A lower index value signifies extreme fear, while a higher value suggests extreme greed. The index aids investors in assessing whether the market is potentially undervalued or overvalued. This recent dip in the index suggests a shift towards fear among market participants, possibly impacting buying and selling decisions.
Why It Matters: The recent downturn in Bitcoin&#8217;s price and market sentiment comes amid a backdrop of volatility in the cryptocurrency space. As&nbsp;Bitcoin ETFs&nbsp;<a href="https://www.benzinga.com/25/01/42895703/bitcoin-etfs-turn-one-90-gains-volatility-trump-era-hopes-for-2025">celebrated their first anniversary</a>, they have demonstrated the unpredictable nature of the crypto market. The&nbsp;Grayscale Bitcoin Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>) and&nbsp;iShares Bitcoin Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) have seen fluctuating fortunes, reflecting the broader market&#8217;s instability.
Additionally, economist Peter Schiff has recently <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42894166/peter-schiff-counters-bitcoins-safe-haven-narrative-amid-forecast-of-impending-fiat-train-wreck-there-is-no-riskier-asset">criticized Bitcoin&#8217;s reputation</a> as a safe haven asset. In a statement, Schiff argued that Bitcoin is &#8220;the riskiest asset,&#8221; challenging its perceived role as a refuge during economic uncertainty. His comments underscore the ongoing debate about Bitcoin&#8217;s position in the financial ecosystem, particularly as traditional safe havens like gold remain favored by some investors.
Price Action: As per<a href="https://pro.benzinga.com"> Benzinga Pro</a> data, in the past seven days, Bitcoin has dropped by 1.8%, Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) fell by 0.3% while Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) saw a 3.9% decline, as of Friday pre-market hours.
Read Also: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42901382/man-who-accidentally-threw-away-8000-bitcoin-hard-drive-suffers-new-kick-in-the-teeth-as-uk-court-dismisses-his-claim">Man Who Accidentally Threw Away 8,000 Bitcoin Hard Drive Suffers New &#8216;Kick In The Teeth&#8217; As UK Court Dismisses His Claim</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

General

$BTC

$DOGE

$SHIB

GBTC

IBIT

Crypto Fear And Greed Index Hits Lowest Level Since October As Bitcoin Falls Under $92K, Dogecoin And Shiba Inu Trade In Red

EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) said on Thursday that it will forgive all autopilot and full self-driving driver assistance technology &#8220;strikeouts&#8221; to help people evacuate from the wildfires in the Los Angeles area.
What Happened: A strikeout is when the driving automation system disengages for the remainder of a trip after the driver receives several audio and visual warnings for inattentiveness. Upon receiving five strikeouts, the technology will be suspended for a week. 
Both autopilot and FSD assist driving but require active driver supervision. Strikeouts are a feature to ensure that drivers pay attention to the road when the technology is engaged. 
&#8220;To support people evacuating from the fires in the LA area, all Autopilot &amp; FSD Supervised strikes are being forgiven in the state of California,&#8221; Tesla said on Thursday on social media platform X, without detailing how long the waiver would last. 
Why It Matters: California has been battling multiple wildfires over the last few days. The Palisades fire, which started on Tuesday, is spread across nearly 20,000 acres in Los Angeles, according to the California Department of Forestry and Fire Protection.
As per a recent report from Forbes, the death toll due to the fires has <a href="https://www.forbes.com/sites/antoniopequenoiv/2025/01/08/california-wildfire-live-updates-officials-say-5-dead-as-another-fire-breaks-out-in-hollywood-hills/" target="_blank" rel="noreferrer noopener">increased to</a> ten.
Elon Musk&#8217;s SpaceX has also extended support to evacuation efforts. The company said on Thursday that it is providing a month of free service for those impacted by the fires or looking to support response and recovery efforts in evacuated areas. The company is also <a href="https://www.benzinga.com/general/space/25/01/42892886/spacex-ceo-elon-musk-offers-free-starlink-terminals-to-los-angeles-areas-affected-by-wildfires">providing free Starlink kits</a> to agencies, organizations, and shelters, it said. 
Starlink and T-Mobile have also enabled basic texting through the former&#8217;s Direct-to-Cell satellites to combat the lack of cell networks. This allows people on the T-Mobile network to text their near and dear or 911. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/42891397/non-foundation-series-cheaper-cybertrucks-join-tesla-inventory" target="_blank" rel="noreferrer noopener">Tesla's Inventory Now Includes Non-Foundation Series Cybertrucks</a></li>
</ul>
Photo courtesy: Unsplash

Tech

TSLA

Tesla Says FSD Strikeouts Will Be 'Forgiven' In California To Help Evacuation Efforts Amidst Wildfires

<h3>Companies Reporting Before The Bell</h3>
• Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) is likely to report quarterly earnings at $3.32 per share on revenue of $2.54 billion. 
• E2open Parent Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $161.00 million. 
• Neogen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEOG#NASDAQ">NEOG</a>) is likely to report quarterly earnings at $0.10 per share on revenue of $226.65 million. 
• Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) is expected to report quarterly earnings at $0.46 per share on revenue of $37.20 billion. 
• Tilray Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) is projected to report earnings for its second quarter. 
• TD Synnex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) is likely to report quarterly earnings at $3.07 per share on revenue of $15.30 billion. 
• Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) is projected to report quarterly earnings at $1.74 per share on revenue of $14.64 billion. 
<h3>Companies Reporting After The Bell</h3>
• WD-40 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) is projected to report quarterly earnings at $1.31 per share on revenue of $147.44 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ETWO

NEOG

TLRY

WDFC

Earnings Scheduled For January 10, 2025

Netflix Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) premiere of "WWE Monday Night Raw" has drawn a much larger audience than its previous home on the USA Network.
What Happened: The debut of WWE Monday Night Raw on Netflix attracted 2.6 million households in the U.S., more than doubling the 1.2 million household average it had on the USA Network in 2024, <a href="https://www.hollywoodreporter.com/tv/tv-news/wwe-raw-ratings-netflix-premiere-1236104946/">reported</a> The Hollywood Reporter.&nbsp;
While total viewer numbers for Monday&#8217;s episode were not available, the show achieved 4.9 million views globally across Monday and Tuesday in regions where Netflix distributes it, including Canada, the U.K., Latin America, and Australia.
See Also: <a href="https://www.benzinga.com/general/sports/25/01/42882919/netflix-q4-to-show-advertising-live-sports-strength-analyst-says-multiyear-narrative-of-compounded-growth">Netflix Q4 To Show Advertising, Live Sports Strength, Analyst Says: &#8216;Multiyear Narrative Of Compounded Growth&#8217;</a>
Despite these impressive numbers, the viewership is modest compared to Netflix&#8217;s top English-language series, which averaged 15.5 million views over the past 10 weeks.
The WWE programming is not yet available in 92 countries, including France, Germany, and Japan.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Netflix began broadcasting WWE events as part of a deal with TKO Group Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>), the company that owns WWE. Netflix&#8217;s $5 billion deal with WWE marks its largest venture into live programming.
In November last year, Netflix also aired a <a href="https://www.benzinga.com/24/11/42025252/jake-paul-vs-mike-tyson-boxing-match-sets-record-breaking-night-for-netflix">live boxing event showcasing</a> a faceoff between Jake Paul and Mike Tyson, attracting a global audience of 109 million viewers.
On Christmas Day, the streaming giant hosted two <a href="https://media.nfl.com/news-and-releases/corporate-communications/2024-thanksgiving-day-games-set-viewership-records">National Football League games</a>, featuring a halftime performance by Beyoncé.
Price Action: Netflix&#8217;s stock declined by 0.48% on Thursday, with an additional 0.05% drop in after-hours trading, closing at $874.55, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/social-media/25/01/42833727/dana-white-wanted-elon-musk-mark-zuckerberg-in-cage-fight-now-hes-on-metas-board-of-directors">Dana White Wanted Elon Musk, Mark Zuckerberg In Cage Fight, Now He's On Meta's Board Of Directors</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Entertainment

Media

NFLX

Netflix's 'WWE Monday Night Raw' Premiere More Than Doubles 2024 USA Network Audience

The CNN Money Fear and Greed index showed a decline in overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Wednesday.
U.S. stocks settled mostly higher on Wednesday, with the Dow Jones index gaining more than 100 points during the session.
Minutes from the Federal Reserve&#8217;s December meeting released on Wednesday show officials are uncertain about the path of future rate cuts, as President-elect Donald Trump&#8217;s policies and how they could affect inflation remain unknown.
Acuity Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) reported weaker-than-expected revenue for its fiscal first quarter.
On the economic data front, U.S. private businesses added 122,000 workers to their payrolls in December down from 146,000 in November and versus expectations of 140,000. U.S. initial jobless claims fell by 10,000 to 201,000 in the week ending Jan. 4, recording the lowest level in eleven months and versus market estimates of 218,000.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer staples, health care, and materials stocks recording the biggest gains on Wednesday. However, energy and communication services stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 107 points to 42,635.20 on Wednesday. The S&amp;P 500 rose 0.16% to 5,918.25, while the Nasdaq Composite fell 0.06% at 19,478.88 during Wednesday's session.
Investors are awaiting earnings results from Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>), Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>), and Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 32.4, the index remained in the &#8220;Fear&#8221; zone on Wednesday, versus a prior reading of 35.8.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42900074/how-to-earn-500-a-month-from-synovus-financial-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Synovus Financial Stock Ahead Of Q4 Earnings</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

Dow Surges Over 100 Points Following Fed Minutes: Investor Sentiment Declines, Greed Index Remains In 'Fear' Zone

With U.S. stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) to report quarterly earnings at $1.76 per share on revenue of $14.21 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Delta Air Lines shares gained 0.2% to $61.57 in after-hours trading.</li>
<li>Analysts are expecting TD Synnex Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) to post quarterly earnings at $3.05 per share on revenue of $15.22 billion. The company will release earnings before the markets open. TD SYNNEX shares gained 0.8% to $122.19 in after-hours trading.</li>
<li>Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) reported December net sales of $27.52 billion, representing a 9.9% year-over-year surge. Costco shares gained 1.9% to $944.80 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Before the markets open, Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) is projected to report quarterly earnings at $3.31 per share on revenue of $2.53 billion. Constellation Brands shares gained 0.4% to $220.25 in after-hours trading.</li>
<li>Analysts expect Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) to post quarterly earnings at 37 cents per share on revenue of $37.28 billion before the opening bell. Walgreens shares gained 0.4% to $9.26 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42900074/how-to-earn-500-a-month-from-synovus-financial-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Synovus Financial Stock Ahead Of Q4 Earnings</a></li>
</ul>
Photo courtesy: Shutterstock

COST

Delta Air Lines, Walgreens And 3 Stocks To Watch Heading Into Friday

Apollo Global Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) is weighing a ¥1.5 trillion ($9.5 billion) equity stake in a management buyout of Seven &amp; i Holdings Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SVNDY#OTC">SVNDY</a>). 
What Happened: The deal would see Apollo collaborating with the founding Ito family and Itochu Corp. to strengthen domestic control of Seven &amp; i, a global retail conglomerate known for operating 7-Eleven convenience stores, supermarkets, department stores, food services, financial services, and e-commerce platforms, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-01-10/apollo-weighs-9-5-billion-stake-in-seven-i-management-buyout">reported</a>, citing people familiar with the matter.
It will be part of a bigger buyout attempt first estimated to cost 9 trillion Japanese Yen ($60.3 billion). The investment trumps the 7.5 trillion Japanese Yen ($50.25 billion) takeover bid by Alimentation Couche-Tard Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ANCTF#OTC">ANCTF</a>).
Ito family and Itochu are considering pledging 500 billion Japanese Yen ($3.35 billion) and 1 trillion Japanese Yen ($6.7 billion) respectively, and major Japanese banks are providing supplemental funding.
Seven &amp; i shares rose 7.4% on the news, but its market value of 6.3 trillion Japanese Yen ($42.21 billion) is still below both proposed valuations. The company&#8217;s CFO Yoshimichi Maruyama confirmed Thursday that a special board committee is considering both the Couche-Tard and Ito family proposals.
The deal is a significant change in Japan&#8217;s corporate landscape, as domestic interests rally to retain control of the 7-Eleven operator. The company was recently added to Japan&#8217;s Foreign Exchange and Foreign Trade Act watchlist, though Finance Minister Shunichi Suzuki indicated this wouldn&#8217;t <a href="https://www.benzinga.com/government/24/09/40902307/7-eleven-store-operator-seven-i-reclassified-under-japans-investment-rules-what-does-it-mean-for-39b">necessarily impede foreign investment</a>.
Seven &amp; i Holdings is undergoing strategic restructuring and expansion while facing investor pressure from takeover bids, including a counterproposal from a member of its founding family. 
Apollo did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/42904377/tesla-bull-gary-black-warns-against-inflated-optimus-robot-assumptions-get-pounded-each-time-i-try-to-right-size-expectations">Tesla Bull Gary Black Warns Against Inflated Optimus Robot Assumptions: Get Pounded Each Time &#8216;I Try To Right-Size Expectations&#8217;</a>
Why It Matters: &#8220;The current MBO proposal is already high, so the fact that they've found another source of funding is a big positive for shareholders,&#8221; said Shun Tanaka, senior analyst at SBI Securities Co., suggesting it could spark higher competing offers.
Details of the investment structure are still under negotiation, but the consortium hopes to complete its proposal before Seven &amp; i&#8217;s May shareholders&#8217; meeting. The company is also simultaneously pushing for a restructuring plan that would separate its convenience store operations from other retail businesses.
Price Action: Seven &amp; I Holdings is currently trading at 2,509 Japanese Yen ($15.84) on Friday, gaining 5.66% for the day. Over the past year, the stock has risen by 31.78%.
Read Next: <a href="https://www.benzinga.com/news/25/01/42905013/nvidia-slams-bidens-country-specific-chip-rules-legacy-that-will-be-criticized">Nvidia Slams Biden&#8217;s Country-Specific Chip Rules: &#8216;Legacy That Will Be Criticized&#8217;</a>
Image Via Unsplash

Asia

Equities

ANCTF

SVNDY

Apollo Weighs $9.5 Billion Stake In Seven & i Buyout, Joining Ito Family's $60 Billion Deal: Report

California-based property and casualty insurance stocks and exchange-traded funds are in focus as the Los Angeles <a href="https://www.benzinga.com/25/01/42899953/five-dead-in-los-angeles-wildfires-utilities-face-scrutiny">wildfires</a> have wreaked havoc and ruined over 10,000 structures.
What Happened: As five fires continue to burn LA County, the Eaton and Palisades fires have caused significant damage, destroying over 10,000 structures, including homes, businesses, and smaller buildings, <a href="https://www.usatoday.com/story/news/nation/2025/01/09/los-angeles-california-wildfires-thursday-live-updates/77560180007/">reported </a>USA Today. The County of Los Angeles Department of Medical Examiner said that 10 fire-related deaths have been reported. 
Allstate Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) and Travelers Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) are prominent California-based property insurers. As <a href="https://www.benzinga.com/25/01/42899028/la-wildfire-damages-estimated-above-52-billion-california-property-insurance-crisis">reported</a> by Benzinga, many homes in the affected areas are insured by the state-backed insurer of last resort, the California FAIR Plan.
California&#8217;s insurance market was already in crisis before the recent wildfires. Insurers withdrew from the state due to mounting losses from increasingly frequent and severe fires. This issue was highlighted by actor James Woods, who <a href="https://twitter.com/RealJamesWoods/status/1876875152236941482">revealed </a>that his neighborhood recently lost its insurance coverage.
See Also: <a href="https://www.benzinga.com/markets/25/01/42902506/charlie-mungers-top-pick-costco-reports-strong-december-sales-analysts-expect-a-7-jump-in-january">Charlie Munger&#8217;s Top Pick Costco Reports Strong December Sales: Analysts Expect A 7% Jump In January </a>
Why It Matters: AccuWeather <a href="https://www.accuweather.com/en/blogs-webinars/california-wildfires-52-57b-damage-estimate-accuweather-report/1731718">estimates</a> the economic toll of the Southern California wildfires at a staggering $52 billion to $57 billion. This figure includes damage to property and the disruption of daily life. Chief Meteorologist Jonathan Porter warns that this could become the most devastating wildfire in California history if the fires continue to spread.
The ETFs holding Allstate and Travelers include iShares U.S. Insurance ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAK#NYSE">IAK</a>), Invesco Dow Jones US Insurance UCITS ETF Acc (LON: INSU), and Invesco KBW Property &amp; Casualty Insurance ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KBWP#NASDAQ">KBWP</a>). These two stocks are part of the top five holdings of IAK, INSU, and KBWP, and they will be in focus as markets open on Friday.
Following are the weights of these stocks in the mentioned ETF.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>ETFs</td>
<td>Allstate Corp (Weight)</td>
<td>Travelers Companies (Weight)</td>
</tr>
<tr>
<td>iShares U.S. Insurance ETF</td>
<td>6.33%</td>
<td>5.30%</td>
</tr>
<tr>
<td>Invesco Dow Jones US Insurance UCITS ETF Acc</td>
<td>5.31%</td>
<td>6.33%</td>
</tr>
<tr>
<td>Invesco KBW Property &amp; Casualty Insurance ETF</td>
<td>8.17%</td>
<td>8.06%</td>
</tr>
</tbody>
</table>
</figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/01/42901348/nancy-pelosis-stock-pick-palo-alto-networks-gets-a-downgrade-from-top-investment-bank-as-sector-wide">Nancy Pelosi&#8217;s Stock Pick Palo Alto Networks Gets A Downgrade From Top Investment Bank As Sector-Wide Consolidation Down-Cycle Weighs on Sentiment</a></li>
</ul>
Photo courtesy: Wikimedia

ETFs

iShares Dow Jones US Insurance Index Fund

KBWP

California Wildfires Ignite Concerns For Insurance Stocks: Here Are Some Insurance ETFs Which Could Be Impacted

BEST

BEST Inc. Receives NYSE Notice Regarding Late Filing Of Semi-Annual Financial Results For June 2024

CONSOLIDATED NET REVENUES (UNAUDITED)
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Dec</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Nov</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Dec</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(NT$ Million)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2023</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">52,905</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">52,933</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">49,906</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">-0.1&nbsp;%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+6.0&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Dec</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Nov</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Dec</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(US$ Million)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2023</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1,632</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1,648</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">1,589</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">-1.0&nbsp;%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+2.6&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
&nbsp;
Q4
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
&nbsp;
Q3
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
&nbsp;
Q4
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
&nbsp;
Sequential
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
&nbsp;
YoY
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(NT$ Million)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2023</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">162,264</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">160,105</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">160,581</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+1.3&nbsp;%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+1.0&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q4</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q3</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Q4</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Sequential</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(US$ Million)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2023</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">5,046</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">4,956</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">5,028</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+1.8&nbsp;%</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+0.4&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Full Year</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Full Year</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(NT$ Million)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2023</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">595,410</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">581,914</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">+2.3&nbsp;%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Full Year</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Full Year</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">YoY</td>
</tr>
<tr>
<td colspan="1" rowspan="1">(US$ Million)</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2024</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">2023</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Change</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net Revenues</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">18,596</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">18,688</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">-0.5&nbsp;%</td>
</tr>
</tbody>
</table>
</figure>

ASE Technology Reports 2.6% YoY Increase In December Net Revenue; Q4 Up 0.4% YoY, FY24 Down 0.5% YoY

Strategy anchored on early clinical development of proprietary assets with single-agent potential:
<ul>
<li>Drive innovation with first-in-class ANKET&#xAE; NK-cell engager Platform</li>
<li>Accelerate development of differentiated Antibody-Drug Conjugates</li>
<li>Advance current late-stage assets through partnerships</li>
</ul>

IPHA

Innate Pharma Unveils Transformative Strategy Focused On ANKET Platform, ADC Development, And Strategic Partnerships

<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="5">Preliminary, Unaudited Total Sales Results: &nbsp;</td>
</tr>
<tr>
<td>2024</td>
<td>2023</td>
<td>$ Increase</td>
<td colspan="1">% Increase</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>During the Three-Month Periods Ended December 31,</td>
<td>$7.8 million</td>
<td>$5.1 million</td>
<td>$2.7 million</td>
<td>52%</td>
</tr>
<tr>
<td>During the Years Ended December 31,</td>
<td>$26.5 million</td>
<td>$17.5 million</td>
<td>$9.0 million</td>
<td>52%</td>
</tr>
</tbody>
</table>
</figure>
 During the three-month period ended December 31, 2024, annualized production output was approximately 103% of the Company's estimated full capacity of approximately $30 million per year. This production output helped reduce the backlog of orders to approximately $4.4 million as of January 1, 2025 from approximately $9.4 million as of January 1, 2024. The Company believes that the current backlog reflects strong demand as distributors work to replenish their buffer stocks and as end-users place orders in advance of peak calving season during the first quarter.

ICCC

Reported Earlier, ImmuCell Preliminary Q4 Sales Of $7.8M (+52% YoY) and Fiscal 2024 Of $26.5M (+52% YoY), Driven by Increased Production

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.starlux-airlines.com%2F&amp;esheet=54175823&amp;newsitemid=20250109390603&amp;lan=en-US&amp;anchor=STARLUX+Airlines&amp;index=1&amp;md5=53df885c74706717944ce68bd7a7233b">STARLUX Airlines</a>, in partnership with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.airbus.com%2Fen&amp;esheet=54175823&amp;newsitemid=20250109390603&amp;lan=en-US&amp;anchor=Airbus&amp;index=2&amp;md5=2600c2d3633ad69892f28b7ac70211af">Airbus</a>, and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rolls-royce.com%2F&amp;esheet=54175823&amp;newsitemid=20250109390603&amp;lan=en-US&amp;anchor=Rolls-Royce&amp;index=3&amp;md5=bd3bcd17be70c33e5d365226d8d46d0c">Rolls-Royce</a>, today announced the execution of an option for five A350F freighters, doubling its freighter fleet to 10 aircraft. This strategic move positions STARLUX as one of the largest purchasers of the A350F model. This order builds upon the purchase agreement signed last year at the 2024 Singapore Airshow. A formal signing ceremony held at the STARLUX Flight Operations Center in Taiwan marked the formalization of the purchase agreement.

EADSF

European Aeronautic Defence And Space Unsponsored

EADSY

RYCEY

Reported Earlier, STARLUX Airlines Expands Freighter Fleet with Order for Five Additional Airbus A350F Aircraft

Barnes Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) ("Barnes" or "the Company"), a global provider of highly engineered products, differentiated industrial technologies and innovative solutions, today announced that its shareholders voted to approve the Company's previously announced acquisition by funds managed by affiliates of Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) ("Apollo") (the "Apollo Funds") at the Company's Special Meeting of Shareholders (the "Special Meeting"). Under the terms of the merger agreement, subject to the completion of the transaction, Barnes stockholders will receive $47.50 per share in cash for every share of Barnes common stock they own immediately prior to the effective time of the merger.
Approximately 99% of the total shares voted at the Special Meeting were voted in favor of the transaction, which represented approximately 80% of the total outstanding shares of Barnes common stock as of December 6, 2024, the record date for the Special Meeting.

Reported Earlier, Barnes Group Shareholders Approve $47.50 Per Share Acquisition by Apollo Global Management

Today, investment funds managed by KKR, a leading global investment firm, and the Public Sector Pension Investment Board ("PSP Investments"), one of Canada's largest pension investors, announced an agreement to acquire a 19.9% interest in American Electric Power's ("AEP") Ohio and Indiana &amp; Michigan transmission companies for $2.82 billion. Founded in 1906 and one of the largest electric utilities in the U.S., AEP has pioneered the country's energy system through the delivery of safe, reliable and affordable energy for millions of homes. The investment will support AEP's ability to meet increasing customer demand and enhance grid reliability. KKR and PSP Investments have formed a 50/50 strategic partnership to pursue the acquisition.

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