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North American Market

All articles tagged with #north american market

business1 year ago•2 min saved

Prysmian's $4.2 Billion Acquisition of Encore Wire

Prysmian, the world's largest cablemaker, has announced a $4.15 billion deal to acquire US firm Encore Wire, aiming to strengthen its position in the North American market. The acquisition, which represents a 11% premium to Encore Wire's stock price, is expected to generate significant synergies and boost Prysmian's earnings per share by about 30%. The deal is set to be finalized in the second half of 2024 and will be financed through a combination of cash and debt facilities.

via Yahoo Finance|

#acquisition #business #cable-industry

business2 years ago•1 min saved

Honda's Q1 Profit Soars 78% on Strong U.S. Sales

Honda Motor reported a 78% rise in quarterly profit, driven by increased sales in the North American market and a weaker yen. The company's operating profit for the three months through June was 394.4 billion yen ($2.76 billion), surpassing analysts' estimates. Honda benefited from strong sales in the US, with a 44.7% year-on-year increase, while facing a 5% drop in sales in China due to local competition and the shift to electric vehicles. The company maintained its forecast for a 1.0 trillion yen operating profit for the year.

via Reuters|

#business #china #honda