Ford Motor Co
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Consumer Discretionary : Automobiles | Large Cap Value
Company profile

Ford Motor Company is a global automotive and mobility company. The Company's business includes designing, manufacturing, marketing, and servicing a full line of Ford cars, trucks, and sport utility vehicles (SUVs), as well as Lincoln luxury vehicles. The Company operates in four segments: Automotive, Financial Services, Ford Smart Mobility LLC, and Central Treasury Operations. The Automotive segment primarily includes the sale of Ford and Lincoln brand vehicles, service parts, and accessories across the world. The Financial Services segment primarily includes its vehicle-related financing and leasing activities at Ford Motor Credit Company LLC. Ford Smart Mobility LLC is a subsidiary formed to design, build, grow, and invest in emerging mobility services. The Central Treasury Operations segment is primarily engaged in decision making for investments, risk management activities, and providing financing for the Automotive segment.

Premarket

Last Trade
Delayed
$7.27
0.04 (0.55%)
Bid
--
Ask
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B/A Size
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Market Hours

Closing Price
$7.23
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
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Volume
(Light)
Volume:
10,837

10-day average volume:
65,769,872
10,837

UPDATE: Aurora Cannabis to acquire U.S. CBD brand Reliva for $40 million in stock

4:33 pm ET May 20, 2020 (MarketWatch)
Print

Aurora Cannabis Inc. (ACB.T) said late Wednesday that it was acquiring U.S. company Reliva LLC for roughly $40 million in an all-stock deal. Shares of Aurora surged after hours, gaining about 16% after the news became public. Reliva sells products using cannabidiol, or CBD, a non-intoxicating form of cannabis. If Reliva hits financial targets, Aurora could pay up to $45 million in additional stock beyond the $40 million initial payment. Aurora said Reliva is profitable. "We have taken the time necessary to carefully assess the Company's entry into the U.S. market and we firmly believe that the combination with Reliva will create significant long-term value as Reliva provides us options to grow in hemp-derived CBD internationally," Aurora Chief Executive Michael Singer said in a statement. Aurora said it predicts the deal will close in June. The company's stock has been on a roller-coaster ride in the past year, falling to the point of being threatened with delisting before executing a reverse stock split (http://www.marketwatch.com/story/aurora-cannabis-will-roll-up-its-shares-in-a-reverse-stock-split-what-you-need-to-know-2020-04-13) and seeing the newly bundled shares spike (http://www.marketwatch.com/story/aurora-cannabis-shares-skyrocket-on-hopes-worst-is-behind-canadian-weed-company-2020-05-18) after an earnings report that showed better pot sales than expected (http://www.marketwatch.com/story/aurora-cannabis-stock-jumps-as-pot-sales-grow-faster-than-expected-2020-05-14).

-Max A. Cherney; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 20, 2020 16:33 ET (20:33 GMT)

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