Pendragon, a leading U.K. motor dealership, announced that it has received an unsolicited proposal from AutoNation to acquire its entire share capital. The proposal, valued at 32 pence per share in cash, puts the business at an estimated worth of 448 million pounds ($547 million). While Pendragon acknowledges AutoNation's interest, they have noted that the proposal is subject … [Read more...] about Pendragon Receives Unsolicited Acquisition Proposal from AutoNation
Forex News
Hollywood Writers’ Strike Ends with Deal, Boosting Netflix and Walt Disney Shares
Shares of Netflix (NFLX) and Walt Disney (DIS) were on the rise Wednesday as the Hollywood writers' strike came to a close. The Writers Guild of America reached a tentative deal with representatives from the movie-and-TV industry, leading to an increase in stock prices for both companies. Deal Details and Implications The Writers Guild of America (WGA) announced the agreement … [Read more...] about Hollywood Writers’ Strike Ends with Deal, Boosting Netflix and Walt Disney Shares
Plant Health Care Reports Narrowed Pretax Loss in First Half
Plant Health Care, a provider of proprietary biological products, has announced a narrowed pretax loss for the first half of the year. The company reported a pretax loss of $2.5 million for the six months ended June 30, compared to a loss of $6.3 million during the same period last year. Despite a 56% decrease in U.S. sales due to delayed purchases by distributors, Plant Health … [Read more...] about Plant Health Care Reports Narrowed Pretax Loss in First Half
Bell Canada Introduces Sustainability-Linked Pricing to Securitization Program
Bell Canada has made a significant update to its securitization program, adding sustainability-linked pricing to the existing 2.3 billion Canadian dollars ($1.7 billion) initiative. This innovative approach will allow the company's financing cost to be adjusted based on its performance in meeting two crucial greenhouse gas targets. As part of this change, Bell Canada's … [Read more...] about Bell Canada Introduces Sustainability-Linked Pricing to Securitization Program
Concerns Surrounding Electric Vehicle Sales in the U.S.
According to data provider Cox Automotive, sales of electric vehicles (EVs) in the United States continue to break records. However, there are some worrisome trends that investors and auto makers should take note of. Updated Forecasts Cox Automotive recently updated its forecasts for the U.S. automotive market. Initially estimated at 14.1 million units, sales of new cars are … [Read more...] about Concerns Surrounding Electric Vehicle Sales in the U.S.
