Market Buzz: BAE Systems to Buy Ball Aerospace for $5.6B; Bilibili Beats Estimates
- August 17th, 2023
- 545 views
Shares of Ball Corporation (NYSE: BALL) surged over 5% in pre-market trading following the announcement of a deal to sell its aerospace business to BAE Systems for $5.6 billion in cash.
This transaction, valued at 19.6x Ball Aerospace's LTM comparable EBITDA as of June 30, 2023, is projected to conclude in the first half of 2024, contingent on regulatory approvals and customary closing conditions.
$BALL was trading at $57.30 in pre-market, up $2.79 (+5.12%).
In other news, Bilibili Inc. (Nasdaq: BILI), a leading Chinese online entertainment platform, disclosed a second-quarter 2023 loss of $(0.32) per share, surpassing the consensus estimate loss of $(0.35) per share. The company's quarterly sales amounted to $731.50 million, slightly exceeding analysts' projected revenue of $726.38 million for the period.
In pre-market, $BILI was trading at $16.21, reflecting an increase of $0.97 (+6.36%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Key Earnings Ahead for Netflix, Fastenal, and U.S. Bancorp
January 18th, 2026Louisville Thunder Appoints Veteran Coach Mike Reed to Lead Program
January 15th, 2026FDA Approves First Treatment for Children With Menkes Disease
January 13th, 2026January 13th, 2026Wall Street Eyes Bank of America, Wells Fargo, Citi Ahead of Earnings
January 11th, 2026
Member Login