Latest Updates Around The World
New on the block Mercedes-Benz Group AG is planning to sell part of his 35% stake in Daimler Truck Holding AG to raise money, valuing the stake at around €12 billion ($14.2 billion). Proceeds will be returned to shareholders and details of the sale will be provided in May. Despite the cash flow, Mercedes-Benz is […]
Alibaba Group Holding Limited (NYSE:BABA) is looking to streamline its logistics and autonomous driving footprint, while its cloud and AI momentum continues to support investor optimism. $2 billion self-driving delivery giant Alibaba is merging its logistics arm’s autonomous driving unit with a Chinese robovan company in a deal that would value the combined business at […]
President Donald Trump signed an executive order Friday blocking a semiconductor deal between the two countries HieFo Corp. And Emcore Corp.citing national security concerns related to China. Trump said there is “credible evidence” that “HieFo Corporation, a corporation organized under the laws of Delaware (HieFo) and controlled by a citizen of the People’s Republic of […]
Rising Dragon Acquisition Corp. (NASDAQ:RDAC) Shares rose 33.20% to $13.84 in after-hours trading Thursday after the company filed a Form 8-K with the Securities and Exchange Commission. View the current price of RDAC shares here. An 8-K filing with the SEC reports material events that investors should be aware of between a company’s quarterly reports. […]
Tether companies announced on Friday that it had submitted a binding cash offer Exora Netherlands-based global investment holding company, controlled by the Italian Agnelli family, to acquire its entire stake Juventus Football Club. The proposal covers Exor’s 65.4% stake in Juventus, and Tether has offered an investment of €1 billion ($1.17 billion) if the takeover […]
New on the block Swiss life sciences giant Lonza group is shopping the capsules and health ingredients division, and the shortlist is full of private equity heavy players. In the running: Altar, Lone Star FundsAnd One rock capital. Expected sales price: minimum €2.5 billion (US$2.8 billion). Think of it as a showdown along the supplements, […]
