Stocks to Watch: Steakholder Foods, Diamond Offshore Drilling, Medical Properties Trust

Dow Jones08-31

By Connor Hart

Steakholder Foods said it has moved to the commercial phase of its operations and expects to generate substantial recurring revenue growth next year. The Israeli company, which develops and sells 3-D printers used in the production of food, also reported a first-half net loss of $4.4 million, below the $9.5 million loss reported a year earlier. American depositary receipts rise 7% in post-market trading, to $2.90.

Diamond Offshore Drilling said it received the final required regulatory approval needed for its acquisition by Noble Corp. The transaction, initially expected to close by the first quarter of 2025, is now expected to close Sept. 4. Shares rise 2.2%, to $14.66, in after-hours trading, falling from their post-market high of $16.99.

Medical Properties Trust reached a settlement with its tenant Steward Health Care that will allow for the health system's hospitals to be moved to new ownership. The agreement, subject to approval in U.S. Bankruptcy Court, allows for hospitals governed by MPT's master lease to be transferred to new interim operators, with continuing operational costs at those hospitals to be funded by MPT. The settlement also calls for the mutual release of all claims on secured lease obligations between the parties, including the release of billions of dollars of claims held by MPT against Steward. Shares edge higher, up 0.8% to $4.54, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

August 30, 2024 18:38 ET (22:38 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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