Previous Close | 113.58 |
Open | 113.38 |
Bid | 110.00 x 800 |
Ask | 112.48 x 800 |
Day's Range | 112.03 - 113.42 |
52 Week Range | 57.50 - 116.55 |
Volume | |
Avg. Volume | 2,457,009 |
Market Cap | 63.89B |
Beta (5Y Monthly) | 1.64 |
PE Ratio (TTM) | 13.58 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 1.72 (1.51%) |
Ex-Dividend Date | Feb 16, 2024 |
1y Target Est | N/A |
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TOKYO (Reuters) -Japan's Panasonic Holdings said on Friday it will sell its entire stake in Panasonic Automotive Systems (PAS) to funds managed by U.S. private equity firm Apollo Global Management. The transaction has a total enterprise value of 311 billion yen ($2.06 billion), subject to adjustments at closing, which is expected by the end of the first quarter of 2025, Apollo said in a statement. Panasonic said it will also acquire a 20% stake in Star Japan Holdings, the company which will own the new parent company of PAS.
Ratings agency S&P lowered Paramount Global's credit rating to 'BB+' from 'BBB-' on Wednesday as stiff competition in the streaming landscape pressures the media giant's free operating cash flow (FOCF) generation. S&P had placed Paramount on negative watch in February, pending the company's fourth-quarter results. Later that month, Paramount's revenue for the quarter fell short of market expectations, hurt by a soft advertising market, fallout from last year's Hollywood strikes and a slowdown in demand for traditional television.
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