FirstService, a leading property services company, has announced the acquisition of a controlling interest in commercial roofing company Roofing Corp of America. The deal, valued at $413 million, will allow FirstService to enhance its capabilities in property repair, maintenance, and restoration. Strong Financial Position The acquisition will be funded by cash on hand and funds … [Read more...] about FirstService Expands Property Repair Capabilities with Roofing Corp Acquisition
Forex News
BP Suspends Oil-Tanker Shipments in Red Sea
BP, one of the leading energy companies based in London, has decided to temporarily suspend all oil-tanker shipments through the Red Sea due to escalating security risks in the region. This decision comes in response to recent attacks by Yemen's Houthi rebels on vessels transiting through the area. According to BP, the deteriorating security situation has prompted them to pause … [Read more...] about BP Suspends Oil-Tanker Shipments in Red Sea
Kin & Carta Receives Increased Cash Offer from Ken Bidco, Rejects Apax Partners
By Michael Susin London-listed digital-transformation consultancy company Kin & Carta has agreed to an improved cash offer from Ken Bidco, a special-purpose acquisition company indirectly owned by BC Partners. In response, Kin & Carta has rejected the offer from Apax Partners. The news has sent shares of Kin & Carta soaring. As per the new agreement, Ken Bidco will … [Read more...] about Kin & Carta Receives Increased Cash Offer from Ken Bidco, Rejects Apax Partners
Winnebago Industries Inc.’s Stock Falls After First-Quarter Miss
Recreational vehicle maker reports drop in earnings and revenue Winnebago Industries Inc.'s stock (WGO, +2.78%) experienced a 1.4% decline in premarket trading on Wednesday following disappointing first-quarter financial results. The company's profit fell short of the FactSet consensus estimate, while its revenue surpassed expectations. Earnings and Revenue Decline During the … [Read more...] about Winnebago Industries Inc.’s Stock Falls After First-Quarter Miss
U.S. Stock Markets Prepare for Opening Bell
Pre-Market Trading Updates Brixmor Property Group Inc. (BRX) shows a 2.9% rise. TKO Group Holdings Inc. (TKO) experiences a 2.5% increase. Gainers in Early Trading Several stocks have shown gains of at least 2% in early trading: Paramount Global Cl B (PARA) Open Text Corp. (OTEX) Exact Sciences Corp. (EXAS) Declines in Early Trading Immunovant Inc. (IMVT) sees a decline of … [Read more...] about U.S. Stock Markets Prepare for Opening Bell
