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TPG Inc. reported $0.62 earnings per share for the quarter, surpassing estimates by $0.10, with a net margin of 0.67% and a return on equity of 24.66%. The company announced a quarterly dividend of $0.53, up from $0.38, yielding 4.31%, while analysts project an EPS of 2.52 for the fiscal year. Institutional investors hold 94.03% of TPG's stock, and the company has a consensus "Hold" rating with an average target price of $64.27.
UBS has downgraded Altus Power from Buy to Neutral following TPG Rise Climate's announcement to acquire the company for $5.00 per share, with the deal expected to close in Q2 2025. Despite a recent 24% stock gain, UBS anticipates stable pricing until the transaction's completion, supported by significant investor backing. Meanwhile, JPMorgan upgraded Altus Power to Neutral, citing the offer's reasonableness amid current market conditions.
UBS has downgraded Altus Power from Buy to Neutral following TPG Rise Climate's announcement to acquire the company for $5.00 per share. Despite a recent 24% stock increase, the price target remains at $5.00, with a high likelihood of the deal closing in Q2 2025, supported by major investors.
AT&T CEO John Stankey will address shareholders at the UBS Global Media & Communications Conference, outlining the company's strategic growth plan aimed at enhancing its position as a leading connectivity provider in America. By 2029, AT&T plans to expand its fiber broadband network to over 50 million locations and modernize its 5G network, while also targeting $50 billion in financial capacity for shareholder returns through dividends and share repurchases. The company anticipates achieving a net leverage target of 2.5x by mid-2025, supporting its growth and investment strategies.
AT&T CEO John Stankey will address shareholders at the UBS Global Media & Communications Conference, outlining the company's strategic growth plan aimed at enhancing its connectivity services. By 2029, AT&T anticipates reaching over 50 million fiber locations and completing its 5G network modernization by 2027. The company expects to generate over $50 billion in financial capacity over the next three years, with plans to return $40 billion to shareholders through dividends and share repurchases.
Singapore's GIC is set to increase its stake in Asia Healthcare Holdings (AHH) by acquiring an additional 15% from TPG, positioning itself as the largest shareholder ahead of AHH's anticipated listing within the next one to two years. This move follows GIC's status as the largest foreign portfolio investor in the Indian market, with assets valued at Rs 2.69 lakh crore, significantly surpassing its closest competitors.
Aster DM Healthcare and Quality Care India Limited are merging to form Aster DM Quality Care Limited, creating a network of 38 hospitals across India. Aster DM shareholders will hold a 57.3% stake, while the combined entity aims to enhance patient care and expand its capacity by adding 3,500 new beds by FY27. The merger positions the new entity as one of the top three hospital chains in the country, with a focus on substantial revenue growth and innovation in healthcare services.
Aster DM Healthcare and Quality Care India Limited are merging to form Aster DM Quality Care Limited, positioning themselves among India's top three hospital chains. The merger, approved by both boards, will create a network of 38 hospitals with over 10,150 beds across 27 cities, enhancing patient care and operational efficiency. The new entity aims to address bed shortages in underserved regions and is expected to drive significant revenue growth and expansion opportunities.
Aster DM Healthcare and Quality Care India have merged to create one of India's top three hospital chains, enhancing their combined capacity to over 10,150 beds. The new entity, with joint control held by Aster promoters and Blackstone, aims to set new standards in patient care and clinical outcomes. Dr. Azad Moopen will continue as Executive Chairman, driving growth and innovation in the healthcare sector.
TPG Inc. is reportedly in advanced negotiations to acquire the Indian wind energy assets of Siemens Gamesa, with a potential valuation exceeding $300 million. The firm has outbid several competitors, including industry players and private equity firms, although discussions are still ongoing and no final decisions have been made. Siemens Gamesa's assets include the operation, maintenance, and manufacturing of wind turbines, attracting interest from other bidders like JSW Energy Ltd. and Inox Wind Ltd.
TPG Inc.
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