Volkswagen Weighs Traton Stock Sale, Bloomberg Reports
Provided by
Dow Jones
-- Volkswagen is considering the sale of up to 1 billion euros ($1.08 billion) in Traton stock to capitalize on the commercial-vehicle maker's surging share price, Bloomberg reports, citing people familiar with the matter.
-- Volkswagen has been talking to potential advisors about a sale to institutional investors through an accelerated bookbuilding as soon as the next few weeks, Bloomberg reports.
-- Volkswagen didn't respond to a request for comment.
Full story: https://shorturl.at/efhFZ
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
May 14, 2024 01:44 ET (05:44 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
These Stocks Are (Still) Powering the Bull Market
-
5 Undervalued Energy Stocks to Play the AI Data Center Demand Boom
-
After Earnings, Is Lowe’s Stock a Buy, Sell, or Fairly Valued?
-
5 Stocks With the Largest Fair Value Estimate Cuts After Q1 Earnings
-
10 Stocks With the Largest Fair Value Estimate Increases After Q1 Earnings
-
Markets Brief: Inflation Back in the Spotlight
-
AI Is Booming, but Consumer Spending Is Slowing. Which Will Prevail in the Stock Market?
-
What’s Happening In the Markets This Week
-
3 Dividend Stocks for June 2024
-
After Earnings, Is Alibaba Stock a Buy, Sell, or Fairly Valued?
-
MongoDB Earnings: Slashing Valuation as Execution and Macro to Blame for Lower Guidance
-
Marvell Earnings: We Raise Our Medium-Term AI Forecast and Bring Our Valuation Up to $75
-
Zscaler Earnings: Impressive Traction in Emerging Products Drives Sales Growth for the Quarter
-
Dell Earnings: Raising Valuation on Strong AI, but the Stock Remains Severely Overvalued
-
After Earnings, Is Nvidia Stock a Buy, Sell, or Fairly Valued?
-
The 10 Best Companies to Invest in Now