Market Buzz: BAE Systems to Buy Ball Aerospace for $5.6B; Bilibili Beats Estimates
- August 17th, 2023
- 559 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
-
February 27th, 2026February 26th, 2026
Treasury Sanctions Nicaraguan Officials Enabling the Murillo-Ortega Dictatorship's Repression
February 26th, 2026Kansas City Storm Names Cecil Stockdale as Head Coach for 2026 NJCP Season
February 26th, 2026Dallas Stampede Announces Open Tryouts for Scholarship Opportunities
February 25th, 2026
Member Login