TSX runs higher on rate cut expectations
Bradford Berenson, the General Counsel of TPG Inc . (NASDAQ:TPG), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Berenson sold 2,509 shares of Class A common stock on March 19, 2025. The shares were sold at a weighted average price of $50.043, with the transaction totaling approximately $125,557. The sale comes as TPG, with a market capitalization of $18.65 billion, has seen its stock decline nearly 19% year-to-date amid volatile trading conditions.
Following this sale, Berenson retains ownership of 290,841 shares in TPG Inc. The shares were sold in multiple transactions at prices ranging from $50.00 to $50.14. According to InvestingPro analysis, TPG’s stock currently appears undervalued based on its Fair Value metrics. Investors can access detailed insider trading patterns and 10+ additional exclusive ProTips for TPG through the comprehensive Pro Research Report.
In other recent news, TPG Capital has made an offer exceeding $870 million to acquire the digital banking solutions unit of Nexi (BIT:NEXII) SpA, an Italian payment technology company. This potential acquisition has drawn interest from Cassa Depositi e Prestiti SpA, an Italian state lender, which views the infrastructure as strategically important. Additionally, BFF Bank SpA is considering a partnership with CDP to present a competing bid. In another development, TPG Inc. has appointed Kathy Elsesser as an independent director to its Board of Directors. Elsesser brings extensive experience from her previous roles at Goldman Sachs and is expected to enhance TPG’s corporate governance strategy.
Furthermore, TPG Rise Climate, a branch of TPG focused on climate investments, is reportedly in talks to acquire Altus Power, a company that provides solar power solutions. Although discussions are ongoing, no final agreement has been reached, and other bidders could potentially express interest. Altus Power had previously announced it was exploring strategic options, including a sale, with a current market value of approximately $650 million. Both TPG and Altus Power have declined to comment on the ongoing negotiations.
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