Xpeng Inc
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Consumer Discretionary : Automobiles | Large Cap Growth
Based in China
Company profile

Xpeng Inc is a China-based company engaged in design, development, production and sales of smart electric vehicles (Smart EV). The Company's primary products are environmentally friendly vehicles, namely an SUV (the G3) and a four-door sports sedan (the P7). The Company’s Smart EVs primarily target the mid- to high-end segment in China’s passenger vehicle market. The Company aims developing full-stack autonomous driving technology, in-car intelligent operating system and core vehicle systems in-house through the its proprietary software, core hardware and data technologies. The Company sells its vehicle products under the brand Xpeng. It also provides a range of services to the clients, including supercharging service, maintenance service, ride-hailing service and vehicle leasing service.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Premarket

Last Trade
Delayed
$22.83
-0.08 (-0.35%)
Bid
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Ask
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B/A Size
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Market Hours

Closing Price
$22.91
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
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Day's Low
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Volume
(Light)
Volume:
10,493

10-day average volume:
12,387,711
10,493

CatchMark stock soars after PotlatchDeltic buyout deal at a 55% premium

6:14 am ET May 31, 2022 (MarketWatch)
Print

Shares of CatchMark Timber Trust Inc. (CTT) shot up 27.7% in premarket trading Tuesday, after the timberlands investment company agreed to be acquired by real estate investment trust (REIT) PotlatchDeltic Corp. (PCH) in a stock deal valuing CatchMark at about $634.3 million. Under terms of the deal, CatchMark shareholders will receive 0.23 PotlatchDeltic shares for each CatchMark shares they own. Based on Friday's closing prices, that values CatchMark shares at about $12.88 each, which represents a 55% premium. The companies said the combined company will have a market capitalization of more than $4 billion, and total enterprise value of more than $5 billion, including $557 million in debt. Annual synergies are expected to be about $16 million, reflected reduced overhead and the elimination of public-company expenses. "With CatchMark, we gain significant scale in three states and diversify our timberland holdings into some of the strongest markets in the U.S. South," said PotlatchDeltic Chief Executive Eric Cremers. "In addition, the location of CatchMark's land near large population centers provides attractive rural real estate sales opportunities." PotlatchDeltic shares, which rallied 3.9% premarket, have lost 7.0% year to date through Friday and CatchMark's stock has slipped 4.7%, while the S&P 500 has dropped 12.8%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

May 31, 2022 06:14 ET (10:14 GMT)

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