Burger King IPO Debuts With Shares Rising On Day One
Burger King Holdings raised 393 million in net proceeds from its IPO selling 25 million shares at 17 each. The stock traded on the NYSE as BKC rising to 18.02 amid strong demand, valuing the company around 2.25 billion and enabling debt repayment of 350 million. CEO John Chidsey hailed the historic milestone after becoming the 11th CEO in 1989 and noted the IPO proceeds will reduce leverage and improve investor appeal.
MENTIONED IN THIS ARTICLE
Miami
Burger King
John
Chidsey
Burger King Holdings Inc
McDonald's Corp
Wendy's
New York Stock Exchange
BKC
Thomson
Tim Hortons
Wendy's International Inc
Texas Pacific Group
Bain Capital
Goldman Sachs Capital Partners
1Ith
Greg Brenneman
Tata Motors plans $2000 car with West Bengal plant
Tata Motors announces a 10 billion rupee plant in West Bengal to manufacture a five seat car priced around 100000 rupees. The project aims to start production in two years, create about 10000 jobs, and tests are underway in Pune. The plan signals strong investment despite West Bengal's communist rule and labor concerns.
MENTIONED IN THIS ARTICLE
New Delhi
India
Tata Motors Ltd
West Bengal
Ratan Tata
Tata
Pune
Maruti Udyog Ltd
Japan
Suzuki Motor Corp
Left Front
Communist Party of India
Stocks fall in late day sell off
Wall Street extended its losses after a sharp Dow Jones decline and a red Nasdaq, with trading in a narrow range until the final hour. Investors faced inflation fears, rising oil prices, and stubborn hopes for rate hikes, as economic data showed mixed signals and the Dow closed down 77.32 points to 11,128.29.
MENTIONED IN THIS ARTICLE
New York Wall Street
Conference Board
Federal Reserve
Ryan Larson
Voyageur Asset Management
Wall Street
U.S
Fuji Car to be bought out by managers and employees
Fuji Car Mfg Co Moriyama Shiga Prefecture said managers and employees will acquire 99.6 percent of outstanding shares from major holder Nomura Principal Finance Co and three others on June 28 to preserve the firm’s independence after revival under the Civil Rehabilitation Law last year.
MENTIONED IN THIS ARTICLE
Fuji Car
OTSU
Japan
Fuji Car Mfg. Co
Moriyama
Shiga Prefecture
Nomura Principal Finance Co
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THE
Associated Press
Tata Motors
Manish Swarupap
GM Motors
China
Louisville
Yum Brands Inc
KFC
Taco Bell
Pizza Hut
Yum
McDonald’s Corp
David Novak
Champaign
Jim Cross
Huber’s
Church St
Sprint
Sprint Fair & Flexible
Operadores En Espafiol Disponibles
Sprint Stores
Midland
Nortt Ste Gios
Odessa
Sprint Store
Dax Wireless
Anid Sprint
USF
Ospsce Agme
Sprint.com
Nextel
Sprint Nextel
Serice
Rosarty
Canan
Rwzaddupo
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