- Yahoo Finance
Rivian reports mixed Q1 results but trims capex forecast and sees Q4 'gross profit'
Rivian reported mixed quarterly results for the first quarter, but will see further cost savings from shifting its upcoming R2 production to its Normal, Ill., plant and trimming its capital expenditure forecast.
- Reuters
Bain Capital in talks to buy education-software provider PowerSchool, source says
Buyout firm Bain Capital is in talks to take education-software provider PowerSchool private, a person familiar with the matter said on Wednesday. The deal, which is still a few weeks away from getting signed, is likely to value PowerSchool somewhere in the $20s per share, according to the source, who requested anonymity as the discussions are confidential. At that price, a deal would value PowerSchool at roughly $6 billion, including debt, based on Reuters calculations.
- Reuters
UPDATE 1-LyondellBasell weighs strategic options for European assets
LyondellBasell said on Wednesday it has launched a strategic review of the European assets of two of its business units, sending shares of the petrochemical manufacturer over 2% higher in morning trade. "At the 2023 Capital Markets Day, we stated our intent to concentrate our portfolio around businesses with long-lasting competitive advantage and to reinvest around those advantaged areas generating superior returns at meaningful scale," said Peter Vanacker, CEO of LyondellBasell. The company said last year it was exploring strategic options for its U.S. Gulf Coast-based ethylene oxide and derivatives (EO&D) business.
