India’s Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 billion, three people aware of the matter told Reuters. Founded in 2017, Digit is trying to capitalise on India’s under-penetrated general insurance market along with users’ need for a better customer… Continue reading India: Fairfax-backed Digit Insurance targets $5b in IPO valuation
Tag: Morgan
Höegh LNG Partners LP Announces Agreement for Höegh LNG Holdings Ltd. to Acquire All Publicly Held Common Units of the Partnership
HAMILTON, Bermuda, May 25, 2022 /PRNewswire/ — Höegh LNG Partners LP (NYSE: HMLP) (the “Partnership”) announced today that it has entered into a definitive merger agreement with Höegh LNG Holdings Ltd. (“Höegh LNG”) pursuant to which Höegh LNG will acquire, for cash, all of the outstanding publicly held common units of the Partnership, at a price… Continue reading Höegh LNG Partners LP Announces Agreement for Höegh LNG Holdings Ltd. to Acquire All Publicly Held Common Units of the Partnership
Exclusive: Morgan bosses detail ambitious growth plans
Until now, Morris, who started on the Malvern Link shop floor as a metalworking apprentice, has been closely involved at every level of company management. With more cars, more investment, more facilities, more people and electrification to contend with, Morris acknowledges that he will need to concentrate more on strategic thinking. Both Morris and Fumarola… Continue reading Exclusive: Morgan bosses detail ambitious growth plans
@Fisker: Fisker Announces Launch of Its $350 Million At-the-Market Equity Program000080
LOS ANGELES–(BUSINESS WIRE)– #EVs–Fisker Inc. (NYSE: FSR) (“Fisker”) today announced that it has entered into an at-the-market distribution agreement, dated May 24, 2022 (the “Distribution Agreement”), with J.P. Morgan Securities LLC and Cowen and Company, LLC (collectively, the “Agents”) as the sales agents, pursuant to which Fisker established an at-the-market equity program (the “ATM Program”).… Continue reading @Fisker: Fisker Announces Launch of Its $350 Million At-the-Market Equity Program000080
Tesla investor Streur says carmaker still believes in ESG
As Tesla grows, Streur said it will face more ESG risks to manage related to issues like mining and the location of facilities. By Ross KerberTesla Inc CEO Elon Musk may have denounced business use of environmental, social and governance (ESG) factors as a “scam” last week but one sustainable investing pioneer thinks the electric… Continue reading Tesla investor Streur says carmaker still believes in ESG
Lucas Oil Gears Up for Father’s Day with a ‘Dad-Approved’ Product Lineup
Lucas Deep Clean Fuel System Cleaner is an exclusive blend of additives and a specific carrier fluid that cleans the entire fuel system by removing carbon deposits, eliminating knocking and pinging and reducing harmful NOx emissions. This helps raise fuel economy, saving money at the pump. Busy dads can easily deep clean their fuel system without… Continue reading Lucas Oil Gears Up for Father’s Day with a ‘Dad-Approved’ Product Lineup
Autoliv has refinanced its existing Revolving Credit Facility
STOCKHOLM, May 23, 2022 /PRNewswire/ — Autoliv (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in automotive safety systems has refinanced its existing $1.1 billion revolving credit facility agreement maturing in July 2023. Autoliv is pleased to announce that the refinancing of its existing core $1.1 billion revolving credit facility has been successfully closed. The new… Continue reading Autoliv has refinanced its existing Revolving Credit Facility
MAMMOTH HOLDINGS NAMES JENNIFER VANDERVELDT CHIEF FINANCIAL OFFICER
ATLANTA, May 23, 2022 /PRNewswire/ — Mammoth Holdings, America’s premier express car wash platform, announced the appointment of Jennifer Vanderveldt as Chief Financial Officer, effective immediately. Ms. Vanderveldt – most recently Chief Financial Officer at European Wax Center – joins the senior management team established by David Hoffmann who took the helm as CEO in… Continue reading MAMMOTH HOLDINGS NAMES JENNIFER VANDERVELDT CHIEF FINANCIAL OFFICER
Nasdaq dips more than 1% into the close, Tesla drives down consumer discretionary stocks
The Nasdaq closed the day in the red, while energy stocks outperformed and Tesla drove down the consumer discretionary sector. Video Transcript RACHELLE AKUFFO: Welcome back to Yahoo Finance Live, everyone. We are just minutes away from the closing bell. Major indices heading into the close mixed, but let’s take a deeper dive at how… Continue reading Nasdaq dips more than 1% into the close, Tesla drives down consumer discretionary stocks
‘Elon Musk to lead Twitter temporarily after $44 billion takeover’
Tesla CEO Elon Musk Elon Musk is expected to become Twitter’s temporary CEO after closing his $44 billion takeover of the social-media firm, a person familiar with the matter said on Thursday, as the billionaire inches closer to securing funds for the deal. Musk, the world’s richest man, is also the CEO at Tesla Inc… Continue reading ‘Elon Musk to lead Twitter temporarily after $44 billion takeover’