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Enerpac, 2U rise; Herman Miller, Purple Innovation fall
Stocks that traded heavily or had substantial price changes: Enerpac, 2U rise; Herman Miller, Purple Innovation fall
ByThe Associated Press
• 1 min read
Morgan Stanley, up $2.94 to $90.64.
The investment bank and financial services firm doubled its quarterly dividend and approved a $12 billion stock buyback plan.
L Brands Inc., up 24 cents to $71.21.
The company s Victoria’s Secret unit, which it is spinning off, is offering to sell $500 million in senior notes through a private placement.
Purple Innovation Inc., down $1.16 to $26.79.
The mattress company pulled its financial forecast for the year as it deals with mechanical and maintenance issues.
Published June 29. 2021 6:23PM
Nick Anderson, The Washington Post Get the weekly rundown Email Submit
Nine years ago, the Massachusetts Institute of Technology and Harvard University teamed up to create a nonprofit platform called edX to deliver a curated selection of online courses from prominent universities, available free to the world. It was a major player in a movement that promised to be a game changer for higher education.
Now in a deal announced Tuesday, the education technology company 2U Inc. is purchasing edX and its assets for $800 million in cash. The proceeds will fund a nonprofit venture by MIT and Harvard to explore new initiatives in online education.