General Motors Company (NYSE:GM) says it will launch a compensation program for crash victims or their families as a result of faulty ignition switches linked to at least 13 deaths that prompted a recall of 2.6 million cars. General Motors Company (NYSE:GM) net profit margin is 4.30% and weekly performance is 5.28%. On last trading day company shares ended up $36.27. Analysts mean target price for the company is $43.73. General Motors Company (NYSE:GM) distance from 50-day simple moving average (SMA50) is 5.76%.
SFX Entertainment, Inc. (NASDAQ:SFXE) and T-Mobile US, Inc. (NYSE:TMUS) announced an extension of their marketing alignment with an 18-month program focused on building a deep cultural connection with the millennial audience through investments in festivals, media and custom events. T-Mobile US Inc. (NYSE:TMUS) shares fell -2.30% in last trading session and ended the day on $33.49. TMUS gross Margin is 47.40% and its return on assets is -0.50%.T-Mobile US Inc. (NYSE:TMUS) quarterly performance is 6.96%.
Sprint Corporation (NYSE: S) and T-Mobile US (NYSE: TMUS) were active Thursday following news that the two sides are close to reaching an M&A deal on price, capital structure, and termination fee, according to Bloomberg, citing sources. As part of the deal, Sprint will pay 50 percent stock and 50 percent cash to acquire T-Mobile, in a deal that could be announced as soon as July. Sprint Corporation (NYSE:S) shares moved down -4.04% in last trading session and was closed at $9.02, while trading in range of $8.88 – $9.57. Sprint Corporation (NYSE:S) year to date (YTD) performance is -16.09%.
Lenovo Group Limited (ADR) (OTCMKTS:LNVGY) and IBM (IBM) are looking to extend their deal deadline, as the Committee on Foreign Investment in the United States (CFIUS) continues the review of Lenovo’s planned purchase of IBM’s low-end server unit for $2.3B. Lenovo Group Limited (ADR) (OTCMKTS:LNVGY) ended the last trading day at $24.90.
Earlier this month, Bayer AG (ADR) (OTCMKTS:BAYRY) of Germany agreed to buy Merck’s consumer care business for $14.2 billion. On last trading day company shares ended up $143.32.
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