The purchase price of $24.65 a share values Cornerstone Brands at a premium of 16% over its closing price on Friday and 75% above its Feb. said Monday it agreed to be acquired by private equity firm Clayton, Dubilier & Rice in an all-cash, take-private deal that values the Cary, N.C.-based building products manufacturer at $5.8 billion, including debt. Imax shares, which were still inactive in premarket trading, have rallied 13.9% over the past three months while the S&P 500 has shed 7.6%.Ĭornerstone Building Brands to be acquired by Clayton, Dubilier & RiceĬornerstone Building Brands Inc. proved the power of a theatrical-first approach, and that great execution on a creative launch plan is the best way to drive long-term value," said Imax Chief Executive Rich Gelfond. "In its first theatrical exclusive blockbuster release in more than a year, Warner Bros.
Overall, "The Batman" grossed $128.5 million in North America, above expectations of about $90 million, and earnings another $120 million internationally, according to an Associated Press report. and Canada, or 12% of the film's total domestic box office.
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The movie theater operator said the debut of AT&T Inc.'s Warner Bros. said it took in $22.3 million over the weekend from the opening of "The Batman" blockbuster, marking the biggest March opening box office since pre-pandemic 2019 and the third biggest March opening in its history. Imax takes in $22.3 million from the opening weekend of 'The Batman' In fact, airport Gross Bookings exiting February were up over 50% month-on-month, and we're preparing for the upcoming travel season to be one of the strongest ever." Uber shares have fallen 46% in the last 12 months, while the S&P 500 undefined ha gained 12.7%. "Whether for travel, commuting, or going out at night, we're seeing healthy and growing demand across all use cases, highlighting just how eager consumers are to get moving again. "Our Mobility business is bouncing back from Omicron much faster than we expected," Chief Executive Dara Khosrowshahi said in a statement. The company said mobility demand "improved significantly" through February, with trips 90% recovered from where they were in February of 2019. The company is now expecting adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization, to range from $130 million to $150 million, up from previous guidance of $100 million to $130 million. shares undefined soared 3.9% in premarket trade Monday, after the ride-sharing company raised guidance for the first quarter. Uber share jump premarket after company raises profit guidance Bed Bath & Beyond shares soared 46% premarket on the news. The investor is urging the company to narrow the focus of its turnaround and explore a separation of the Buybuy Baby chain, or a sale of the entire company. It added that after one year of its multi-year transformation plan, it is confident it will create "significant long-term shareholder value." In the letter sent late Sunday, Cohen, whose firm owns a 9.8% stake in Bed Bath & Beyond making it one of its top five shareholders, said the board to is failing to stem sustained market share losses, noting that core sales dropped 14% from a year ago in the most recent quarter. "Bed Bath & Beyond's Board and management team maintain a consistent dialogue with our shareholders and, while we have had no prior contact with RC Ventures, we will carefully review their letter and hope to engage constructively around the ideas they have put forth," the company said in a statement.
undefined, as reported earlier by the Wall Street Journal. undefined confirmed Monday that it has received a letter from RC Ventures, the investment arm of Ryan Cohen, the billionaire co-founder of online pet-products retailer Chewy Inc. Bed Bath & Beyond surges as Ryan Cohen’s firm takes stakeīed Bath & Beyond Inc.
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