Latest news for Savannah Resources (OTC:SAVNF) Stock

Savannah Resources PLC is a mineral resource development company. It owns Barroso Lithium Project in northern Portugal and is a battery-grade spodumene lithium resource outlined to date in Europe. Savannah is providing a long-term, locally sourced, lithium raw material supply for Europe's lithium battery value chain. The company is focused on the development and operation of the Barroso Lithium Project ensuring its impact on the environment is minimised.

SAVANNAH RESOURCES PLC by SAVANNAH RESOURCES PLC

Savannah Resources PLC

Cryptocurrency markets reversed a weak start to the week on news that Donald Trump reportedly plans signing sseveral crypto-related executive orders on his <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42962279/trump-could-sign-crypto-related-executive-orders-on-day-1-report">first day in office</a>.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td> $94,357</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td> $3,117</td>
<td>-4.5%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td> $181.90</td>
<td>-3.3%</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td> $2.54</td>
<td>+0.9%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td> $0.3358</td>
<td>-0.0%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td> $0.00002108</td>
<td>-2.2%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 9.2% and daily active addresses up by 6.4%. Transactions greater than $100,000 are down from 7,112 to 6,648 in a single day. Exchanges netflows are down by 147.8%.</li>
<li>Coinglass data reports 273,610 traders were liquidated in the past 24 hours for $764.74 million. Long liquidations of $587.9 million came in at a three-week high.</li>
<li>Crypto chart analyst Ali Martinez <a href="https://x.com/ali_charts/status/1878617460661989825">noted</a> Bitcoin network activity having fallen to its lowest level since November 2024, with just 667,100 active addresses.</li>
<li>In another <a href="https://x.com/ali_charts/status/1878695475026780311">tweet</a>, he sees number of large transactions on the Bitcoin network has decreased by 51.64% over the past month, dropping from 33,450 to 16,180.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42956569/tether-to-relocate-headquarters-to-el-salvador">Tether To Relocate Headquarters To El Salvador</a></li>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42950202/bitcoins-2024-revolution-etps-double-crypto-market-cap-big-winners-emerge">Bitcoin&#8217;s 2024 Revolution: ETPs Double Crypto Market Cap, Big Winners Emerge</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42940832/jamie-dimon-says-hes-not-against-blockchains-but-trades-guns-on-bitcoin-again-it-has-no-intrinsic-value-i-just-dont-feel-great-about">Jamie Dimon Says He&#8217;s Not Against Blockchains But Trades Guns On Bitcoin Again—It Has No Intrinsic Value: &#8216;I Just Don&#8217;t Feel Great About&#8230;&#8217;</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42944474/donald-trump-jr-joins-kalshi-prediction-market-as-strategic-advisor">Donald Trump Jr. Joins Kalshi Prediction Market As Strategic Advisor</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42946219/microstrategy-acquires-2530-bitcoin-for-243m-reaching-450000-btc-in-total-holdings">MicroStrategy Acquires 2,530 Bitcoin For $243M, Reaching 450,000 BTC In Total Holdings</a></li>
</ul>
Top Losers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>DeXe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">DEXE</a>)</td>
<td>&nbsp;$13.57</td>
<td>-16%</td>
</tr>
<tr>
<td>Ethena (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">ENA</a>)</td>
<td>&nbsp;$0.7651</td>
<td>-14.5%</td>
</tr>
<tr>
<td>Bitcoin SV (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BSV</a>)</td>
<td>&nbsp;$51.36</td>
<td>-12.1%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: With Bitcoin prices dropping, crypto trader Jelle <a href="https://x.com/CryptoJelleNL/status/1878755619999740386">suggested</a> it could be a "Red Monday, green week."
In another tweet, he highlighted that Bitcoin's daily candle is shaping up well, noting that a close above $92,500 would increase the likelihood of marking a bottom.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Daily candle shaping up nicely with four hours to go. Close above $92,500 and odds are high that was the bottom. Let&#39;s see! <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/GtgbaUKMaC">pic.twitter.com/GtgbaUKMaC</a>
&mdash; Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1878891414194692598?ref_src=twsrc%5Etfw">January 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Crypto trader Rekt Capital <a href="https://x.com/rektcapital/status/1878787059600818514">emphasized</a> the importance of a daily close above ~$91,000 to sustain the $91,000-$101,000 range and preserve the early-stage higher low on the RSI.
Meanwhile, crypto trader Seth views $170,000 as a conservative Bitcoin top target within a broader $150,000-$300,000 range. 
This aligns with historical bull cycles where Bitcoin often overshoots expectations, depending on liquidity influx. 
Seth added that if $170,000 is treated as a baseline, there's potential for further upside driven by macro conditions, institutional adoption, or retail FOMO. 
Key <a href="https://x.com/seth_fin/status/1878876134777262174">factors</a> like halving effects and global liquidity will play a major role in determining how realistic this target is.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42957400/bitcoins-big-macro-data-week-heres-what-to-watch">Bitcoin&#8217;s Big Macro Data Week: Here&#8217;s What To Watch</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

News

$BSV

$BTC

$DEXE

$DOGE

$ENA

$ETH

$SHIB

$SOL

$XRP

Bitcoin, Ethereum, XRP, Dogecoin Reverse 'Red Monday' On Bullish Trump News

Management

RPM Appoints Three Individuals, Craig Morford, Christopher Mapes And Julie Beck, To Its Board

KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) reported financial results for the fourth quarter after the market close on Monday. Here&#8217;s a rundown <a href="https://www.benzinga.com/pressreleases/25/01/b42961336/kb-home-reports-2024-fourth-quarter-and-full-year-results">of the report</a>. 
Q4 Earnings: KB Home reported fourth-quarter revenue of $2 billion, beating analyst&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $1.99 billion. The U.S. homebuilder&nbsp;reported fourth-quarter earnings of $2.52 per share, beating analyst estimates of $2.39 per share, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Total revenue was up 19% year-over-year. KB Home delivered 3,978 homes in the quarter, up 17% year-over-year. Average selling price was&nbsp;$501,000, up 3%, and net orders climbed 41% year-over-year to 2,688.
&#8220;Our higher revenues reflected an increase in deliveries, which were driven by faster build times. Net orders rose roughly&nbsp;40%&nbsp;year over year, as buyers continued to demonstrate a desire for homeownership and housing market conditions improved relative to last year, despite ongoing mortgage interest rate headwinds,&#8221; said Jeffrey Mezger, chairman and CEO of KB Home.
&#8220;In 2025, we will remain focused on expanding our scale, profitability and returns. We believe we are poised for growth having invested over&nbsp;$2.8 billion&nbsp;in land acquisition and development in 2024, and we plan to increase our investment again in 2025.&#8221;
KB Home said it repurchased $100 million worth of its common stock during the quarter. The company had $700 million remaining under its buyback program as of Nov. 30.
Guidance: KB Home expects full-year 2025 housing revenue to be in the range of $7 billion to $7.5 billion. The company anticipates 2025 average selling prices of $488,000 to $498,000. 
KB Home noted that it will provide guidance for the first quarter on its conference call, which is scheduled for 5 p.m. ET.
KBH Price Action: <a href="https://www.benzinga.com/quote/KBH" target="_blank" rel="noreferrer noopener">KB Home shares</a> were up 8% at $69.24 at the time of publication Monday, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/25/01/42959459/whats-going-on-with-united-states-steel-shares-monday">What&#8217;s Going On With United States Steel Shares Monday?</a></li>
</ul>
Photo: Shutterstock.

Earnings

Guidance

Movers

KB Home Q4 Earnings: Revenue Beat, EPS Beat, Home Deliveries Up 17%, Net Orders Soar And More

PTLO

Portillo's Expects 2025 Revenue Growth Of 11%-12%, Same Restaurant Sales To Be Flat To Up 2%

Ares Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARES#NYSE">ARES</a>) has outperformed the market over the past 5 years by 24.46% on an annualized basis producing an average annual return of 36.32%. Currently, Ares Management has a market capitalization of $35.43 billion. 
Buying $1000 In ARES: If an investor had bought $1000 of ARES stock 5 years ago, it would be worth $4,764.87 today based on a price of $175.49 for ARES at the time of writing.
<h3>Ares Management's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736804708_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

ARES

Here's How Much $1000 Invested In Ares Management 5 Years Ago Would Be Worth Today

The incoming Trump administration is set to dramatically alter the landscape of cryptocurrency regulation, with prominent tech and crypto leaders taking influential positions <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42701446/crypto-industry-anticipates-policy-overhaul-under-trump-administration">in shaping policy</a>. 
What Happened: According <a href="https://www.washingtonpost.com/politics/2025/01/13/andreessen-tech-industry-trump-administration-doge/">to</a> The Washington Post, venture capitalist Marc Andreessen has emerged as a key figure in the transition, leveraging his Silicon Valley expertise to recruit candidates for crucial positions across Washington.
Andreessen, co-founder of Andreessen Horowitz, has been actively involved in interviewing and recommending candidates for various roles, including those related to <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">cryptocurrency policy</a>. 
His influence stems from a meeting with Trump last summer, where the President-elect&#8217;s message about beating China in the tech race resonated with the venture capitalist.
The Trump transition team has made <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42480856/donald-trump-pledges-to-do-something-great-with-crypto-heres-what-hes-done-so-far">crypto regulation</a> a priority, with plans to address issues like &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/23/07/33437300/trump-supporter-nigel-farage-aims-to-tackle-de-banking-theres-solution-at-the-ready-bitcoi">de-banking</a>&#8221; and controversial accounting policies on day one of the presidency. 
David Sacks, appointed as Trump&#8217;s AI and <a href="https://www.benzinga.com/24/12/42356067/venture-capitalist-david-sacks-appointed-as-white-house-ai-crypto-czar-by-trump">crypto czar</a>, is working closely with industry leaders to finalize a legislative strategy.
&#8220;There has been an effort in the Washington bureaucratic swamp to stifle innovation with more regulation and higher taxes,&#8221; said Brian Hughes, a spokesperson for the Trump-Vance transition. 
He added that the administration aims to &#8220;develop a legal framework so the crypto industry can thrive in the United States.&#8221;
According to the report, Trump is expected to issue executive orders on day one of his presidency, possibly addressing de-banking and <a href="https://www.benzinga.com/24/12/42502213/new-crypto-accounting-standards-from-todaywill-it-boost-bitcoins-corporate-adoption">fair value accounting</a>, which requires banks holding cryptocurrencies to count them as liabilities on their balance sheet.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42956569/tether-to-relocate-headquarters-to-el-salvador">Tether To Relocate Headquarters To El Salvador</a>
Why It Matters: The tech industry&#8217;s increased involvement in the transition reflects frustrations with the Biden administration&#8217;s approach to regulating cryptocurrencies.
Andreessen described Trump&#8217;s victory as &#8220;a boot off the throat&#8221; during a November podcast, indicating the industry&#8217;s hope for a more favorable regulatory environment.
This shift aligns with recent expert opinions expressed at the <a href="https://www.benzinga.com/news/events/24/12/42441532/what-does-fair-value-accounting-mean-for-bitcoin-in-corporate-strategy">Benzinga Future of Digital Assets conference</a>, where panelists emphasized the need for regulatory clarity to unlock institutional growth in the digital asset market. 
Adam Guren of Hunting Hill Global Capital noted that regulatory uncertainty has been a major impediment to institutional adoption.
Ben Horowitz and Marc Andreessen have <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41976407/ben-horowitz-the-biden-regulators-lied-about-crypto">criticized the Biden administration&#8217;s crypto regulations</a>, accusing regulators of undermining legitimate businesses while allowing questionable projects to thrive. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42944474/donald-trump-jr-joins-kalshi-prediction-market-as-strategic-advisor">Donald Trump Jr. Joins Kalshi Prediction Market As Strategic Advisor</a></li>
</ul>
Image: Shutterstock

Trump Could Sign Crypto-Related Executive Orders On Day 1: Report

<a href="https://www.sec.gov/newsroom/press-releases/2025-6#:~:text=The%20firms%20admitted%20the%20facts,to%20their%20compliance%20policies%20and" title="https://www.sec.gov/newsroom/press-releases/2025-6#:~:text=The%20firms%20admitted%20the%20facts,to%20their%20compliance%20policies%20and">https://www.sec.gov/newsroom/press-releases/2025-6#:~:text=The%20firms%20admitted%20the%20facts,to%20their%20compliance%20policies%20and</a>

Legal

SCHW

U.S. SEC Says Twelve Firms To Pay More Than $63M Combined To Settle SEC's Charges For Recordkeeping Failures

After working for Oracle for 38 years, including most recently as Executive Vice President, Chief Corporate Architect, Edward Screven provided notice on January&nbsp;8, 2025.

ORCL

Oracle Says Chief Corporate Architect Edward Screven Provided Notice Of His Intention To Retire By End Of February 2025 - Filing

Aehr Test Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) reported its second-quarter financial results after Monday's closing bell. Here's a look at the<a href="https://www.benzinga.com/pressreleases/25/01/ac42961189/aehr-test-systems-reports-fiscal-2025-second-quarter-financial-results-and-reiterates-full-year-f"> details from the report.&nbsp;</a>
The Details: Aehr Test Systems reported quarterly earnings of&nbsp;2 cents per share which missed the analyst consensus estimate of&nbsp;4&nbsp;cents. Quarterly revenue came in at&nbsp;$13.45 million&nbsp;which missed the analyst consensus estimate of&nbsp;$15.03 million&nbsp;and is a decrease from sales of&nbsp;$21.43 million&nbsp;from the same period last year.
Aehr reported bookings were $9.2 million for the quarter and the backlog as of Nov. 29, 2024 was $12.4 million. Effective backlog, including bookings since Nov. 29, 2024, is $26.6 million. Total cash, cash equivalents and restricted cash was $35.2 million at the end of the quarter, compared to $40.8 million at the end of the previous quarter.
Read Next: <a href="https://www.benzinga.com/25/01/42878466/wildfire-rips-through-las-pacific-palisades-neighborhood-3000-acres-burned-30000-evacuated-homes-destroyed">Wildfire Rips Through LA&#8217;s Pacific Palisades Neighborhood Destroying Homes: 3,000 Acres Burned As 30,000 Residents Evacuate&nbsp;</a>
&#8220;We achieved significant progress on the key objectives we outlined at the start of the fiscal year, most notably expanding our product reach into additional large and fast-growing markets. Market diversification into artificial intelligence (AI) processors, gallium nitride power semiconductors, data storage devices, silicon photonics integrated circuits, and flash memory is driving new opportunities in terms of customers and revenue,&#8221; said Gayn Erickson, president and CEO of Aehr Test Systems.
Outlook:&nbsp;Aehr reiterated its previously provided guidance for fiscal 2024 total revenue of at least $70 million and net profit before taxes of at least 10% of revenue. 
AEHR Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Aehr Test Systems shares are down 12% after hours at $14.07 Monday.&nbsp;
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/42919029/supreme-court-hears-tiktok-oral-arguments">Supreme Court Hears TikTok Arguments With App&#8217;s Ban Ahead: &#8216;Essentially, The Platform Shuts Down&#8217;&nbsp;</a></li>
</ul>
Image: Shutterstock

Tech

AEHR

Aehr Test Systems Stock Falls After Q2 Results: Here's Why

National coverage analysis is the first-of-its kind for a minimally invasive, interventional treatment for high blood pressure
<ul>
<li>Milestone is supported by large public health need and robust, long-term data from the SPYRAL-HTN global clinical program</li>
</ul>
GALWAY, Ireland, Jan. 13, 2025 /PRNewswire/ -- Medtronic plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>), a global leader in healthcare technology, today announced&nbsp;that the Centers for Medicare &amp; Medicaid Services (CMS) is opening a national coverage analysis (NCA) on renal denervation, a process that will allow the agency to review and develop a national Medicare coverage policy for renal denervation procedures for patients with hypertension. This national coverage analysis was initiated by CMS in response to Medtronic&#39;s request to support Medicare beneficiary access to the Symplicity&trade; Spyral renal denervation (RDN) system, used in the Symplicity blood pressure procedure.

Biotech

General

Medtronic Receives CMS National Coverage Analysis For Symplicity Spyral Renal Denervation System; Expected Completion Date For National Coverage Analysis Is Oct 11

Barrick Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) has alerted shareholders about an unsolicited mini-tender offer from TRC Capital Investment. 
What Happened: The offer seeks to purchase up to 5 million of Barrick's common shares, representing about 0.29% of the outstanding shares of the <a href="https://www.benzinga.com/topic/gold">second-largest gold miner</a>.
However, the firm made this offer well below the previous closing market price of CA$21.35 per share. The offer was at a discount of 4.52% to the closing price on the Toronto Stock Exchange and 4.38% to the closing price on the New York Stock Exchange (NYSE).
Barrick noted that it does not endorse the offer and recommends that shareholders refrain from tendering their shares. 
The company also clarified that shareholders who have already tendered their shares could withdraw them by Feb. 6 by following the procedures outlined in TRC Capital&#8217;s documents.
Mini-tender offers like this are designed to avoid regulatory thresholds that trigger disclosure requirements under Canadian and U.S. securities laws. Regulators, including the U.S. Securities and Exchange Commission (SEC) and the Canadian Securities Administrators, have raised concerns about mini-tender offers, noting that they are often priced below market value.
The SEC has <a href="https://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm">previously warned</a> that some bidders use these offers to exploit shareholders who may not realize the offer price is significantly lower than the current market price.
See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42953940/tuesdays-producer-inflation-report-could-stoke-market-volatility-as-fed-path-remains-unclear">Tuesday&#8217;s Producer Inflation Report Could Stoke Market Volatility As Fed Path Remains Unclear</a>
Why It Matters: TRC Capital's timing coincides with Barrick's <a href="https://www.benzinga.com/news/global/25/01/42823362/barrick-gold-warns-about-production-suspension-in-mali">issues in Mali</a>, where it operates the Loulo-Gounkoto mining complex. Reuters reported that the Malian government recently issued a provisional order to seize gold stocks at the site, with enforcement beginning on Jan. 11.
This dispute arises from Mali's government pushing to renegotiate mining contracts for a greater share of revenues amidst higher commodity prices. The broader trend in the region shows that military-led governments have sought to reassert control over natural resources.
Barrick has disclosed that around four metric tons of gold, worth approximately $380 million based on current prices, are at risk. Loulo-Gounkoto contributes around 14% of Barrick's total annual gold production, making it a critical asset for the company.
Price Watch: Barrick closed the trading session down 1.72% at $15.45 on the NYSE.
Read Next:  
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/01/42810847/goldman-sachs-delays-3000-gold-forecast-sees-fewer-rate-cuts-in-2025">Goldman Sachs Delays $3,000 Gold Forecast, Sees Fewer Rate Cuts In 2025</a></li>
</ul>
Image: Shutterstock

Commodities

Offerings

GOLD

Barrick Warns About Unsolicited Mini Tender Offer As It Faces Malian Crisis

Glacier Bancorp, Inc. ("Glacier" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBCI#NYSE">GBCI</a>) today announced the signing of a definitive agreement to acquire Bank of Idaho Holding Co. ("BOID") (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BOID#OTCQX">BOID</a>), the bank holding company for Bank of Idaho, a leading community bank headquartered in Idaho Falls, Idaho. The acquisition marks Glacier's 26th bank acquisition since 2000 and its 12th announced transaction in the past 10 years. As of September 30, 2024, BOID had total assets of $1.3 billion, total loans of $1.0 billion and total deposits of $1.1 billion.
The boards of Glacier and BOID unanimously approved the transaction, which is subject to regulatory approval, BOID shareholder approval and other customary conditions of closing. The definitive agreement provides that upon closing of the transaction, BOID shareholders are to receive 1.100 shares of Glacier stock for each BOID share (subject to adjustment under certain circumstances). Based on the closing price of $47.70 for Glacier shares on January 10, 2025, the transaction would result in an aggregate consideration of $245.4 million (inclusive of the value to BOID stock option and stock appreciation right holders) and value of $52.47 per BOID share. Upon closing of the transaction, which is anticipated to take place in the second quarter of 2025, the Bank of Idaho operations will join three existing Glacier Bank divisions. The Eastern Idaho operations of Bank of Idaho will join Citizens Community Bank, the Boise operations will join Mountain West Bank and the Eastern Washington operations will join Wheatland Bank.

BOID

GBCI

Glacier Bancorp Announces Acquisition Of Bank Of Idaho Holding Co.; BOID Shareholders Are To Receive 1.100 Shares Of Glacier Stock For Each BOID Share

Angi Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) shares are trading higher in Monday&#8217;s after-hours session after IAC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>) announced plans to <a href="https://www.benzinga.com/pressreleases/25/01/n42960969/iac-announces-plan-to-spin-off-angi-reorganizes-leadership">spin off its stake in Angi</a>. 
What Happened: After the market close on Monday, IAC announced its board approved a plan to spin off its full stake in Angi to IAC shareholders. 
As part of the change, IAC CEO Joey Levin will leave his role and become an advisor to the company. Levin will also be named executive chairman of Angi. 
&#8220;Joey Levin has wanted a store of his own for some time and the spin-off of Angi affords him this opportunity. Although IAC will relinquish his services as CEO, we expect that he will continue to advise us for many years,&#8221; said Barry Diller, senior executive and chairman of IAC.
The spin-off transaction is expected to be tax free and will give IAC shareholders direct ownership of Angi, resulting in IAC and Angi becoming wholly separate entities. IAC also expects the spin-off to be in the form of one share/one vote common stock of Angi, eliminating Angi&#8217;s dual-class structure.
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/01/42959955/on-semiconductor-stock-offers-discount-with-twist">Options Corner: ON Semiconductor Is Discounted But There&#8217;s One Big Catch</a>
The spin-off is expected to allow IAC management to focus on its broader portfolio as well as new growth opportunities. As a fully independent company, Angi is expected to benefit from a more attractive equity currency to accelerate growth.
The transaction is expected to close in the first half of 2025, but the company noted that it will not occur before March 31.
IAC and Angi will both report fourth-quarter financial results after the market close on Feb. 12.
ANGI Price Action: <a href="http://benzinga.com/quote/angi">Angi shares</a> were up 12.2% in after hours, trading at $1.76 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: 3844328 from Pixabay.

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Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) has outperformed the market over the past 20 years by 16.99% on an annualized basis producing an average annual return of 25.31%. Currently, Deckers Outdoor has a market capitalization of $31.08 billion. 
Buying $100 In DECK: If an investor had bought $100 of DECK stock 20 years ago, it would be worth $8,988.58 today based on a price of $204.59 for DECK at the time of writing.
<h3>Deckers Outdoor's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1736803809_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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