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William P. Foley II, the Executive Chairman of Dun & Bradstreet (NYSE:DNB_old) Holdings, Inc. (NYSE:DNB), recently sold 2.5 million shares of the company’s common stock. The shares were sold at a price of $8.99 each, amounting to a total transaction value of approximately $22.48 million. Following this transaction, Foley now holds 8,109,644 shares indirectly through Bilcar, LLC, and 2,491,224 shares directly. The transaction was reported in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, Dun & Bradstreet has agreed to be acquired by Clearlake Capital Group in a deal valued at $7.7 billion, including debt. Under the agreement, shareholders will receive $9.15 per share, and the transaction is expected to close in the third quarter of 2025, pending necessary approvals. This acquisition will result in Dun & Bradstreet becoming a privately held company. Jefferies analysts have downgraded Dun & Bradstreet’s stock from Buy to Hold, adjusting the price target to $9.15, aligning it with the acquisition price. Meanwhile, Needham has maintained a Buy rating but lowered the price target to $14.00, citing recent financial performance that fell short of expectations. Raymond (NSE:RYMD) James also reduced its price target to $14.00 while maintaining a Strong Buy rating, highlighting potential value creation through future mergers and acquisitions. Despite recent challenges, analysts at Needham and Raymond James express continued confidence in the company’s intrinsic value and growth prospects. Dun & Bradstreet plans to update on its strategic review in early 2025, which could impact future developments.
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