In a statement on Friday, Japanese automaker Nissan Motor Co said, it was too early to say whether it would spin off its electric vehicle (EV) business like Renault is seeking to do. “It’s too early to consider because of our… Read More ›
spin off
Ford Motor considering spinning off either internal combustion engine business or EV operations: sources
According to a report from Bloomberg News citing sources familiar with the matter at hand, Ford Motor Co is considering ways to separate its electric-vehicle operation from its legacy business. Ford’s CEO Jim Farley is weighing options to either spin off… Read More ›
GlaxoSmithKline expands England R&D facility, plans on raising $552.76M
On Friday, British pharma giant GlaxoSmithKline said, it plans to set up a new life sciences campus within its R&D site in Stevenage, England, by raising up to $552.76 million (400 million pounds) by selling some land at the facility. In… Read More ›
Pershing Square Tontine Holdings signs SPAC deal to purchase 10% stake in Universal Music Group
In a joint statement, Pershing Square Tontine Holdings along with Universal Music Group (UMG) said, William Ackman’s company has signed a deal to purchase a 10% stake in UMG. “As announced, the transaction is based on an enterprise value of… Read More ›
William Ackman’s blank-check firm PSTH negotiating 10% stake in Universal Music Group
On Frtiday, William Ackman’s blank-check firm Pershing Square Tontine Holdings (PSTH) confirmed that it was negotiating a purchase of a 10% stake in Universal Music Group, which is being spun-off by France’s Vivendi for around $4 billion. Vivendi is planning to cash… Read More ›
LG spin off five affiliates, increases focus on existing core businesses
On Friday, shareholders of LG Corp shareholders approved the company’s plan to spin off five affiliates, which according to the South Korean company would allow it to focus on existing core businesses such as electronics, telecommunications services and chemicals. In… Read More ›
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