By Jaiveer Shekhawat and Pritam Biswas (Reuters) -Private equity firm Thoma Bravo has sold its remaining stake in Nasdaq for approximately $3.4 billion in two separate transactions, a source familiar with the matter told Reuters on Thursday. A block of approximately 25.5 million shares was divested on Tuesday, sold to JPMorgan for $80.68 each, according to the source. Earlier, the PE firm had sold ...
Investing.com -- Shares of Fluence Energy Inc (NASDAQ:FLNC) fell 3.1% in today’s trading session after a notable downgrade from Jefferies analyst Julien Dumolin-Smith. The analyst cut the rating to ’Underperform’ from ’Hold’ with a price target of $3, citing a valuation disconnect and a slowing industry outlook.The downgrade comes in the wake of the stock’s 20% rise since May 9, foll ...
Investing.com -- Today, Moody’s Ratings has upgraded the long term corporate family rating (CFR) and the probability of default rating (PDR) of Telecom Italia (BIT:TLIT), Italy’s leading telecommunications provider, from Ba3 to Ba2. The ratings on the senior unsecured debt issued by Telecom Italia and its subsidiaries, Telecom Italia Capital S.A. and Telecom Italia Finance, S.A., have also b ...
Investing.com -- S&P Global Ratings has upgraded its financial strength rating and issuer credit ratings on American International Group Inc. (NYSE:AIG) and its core subsidiaries to ’AA-’ from ’A+’. The outlook on the core subsidiaries has been revised to stable from positive. The rating on AIG’s holding company has also been upgraded, with the outlook revised to stable.The upgrade r ...