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$NAV said Volkswagen Truck & Bus will acquire 16.2MM newly issued $NAV shares, representing 19.9% of pre-deal outstanding stock, for $15.76 per share. $NAV will receive $256MM from the deal to be used for corporate purposes. Volkswagen will hold the $NAV shares for a minimum of 3 years, and will have the right to appoint 2 directors to $NAV BoD.
$DB is going to cut off services for about 3,400 clients in equities trading.
$F stock slid more than 2% after the company issued two safety recalls involving more than 650,000 Ford Fusion and Lincoln MKZ model cars.
The new CEO of $SBUX, Kevin Johnson, has some pretty large shoes to fill but there are many who have good faith in his ability to do so.
$TSLA opening a showroom in Michigan. A bold move !!