Cornerstone Strategic Value Fund
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Company profile

Cornerstone Strategic Value Fund, Inc. (the Fund) is a closed-end, diversified management investment company. The Fund's investment objective is to seek long-term capital appreciation through investment primarily in equity securities of United States and non-United States companies. The Fund invests in various sectors, such as information technology, health care, consumer discretionary, financials, communication services, closed-end funds, industrials, consumer staples, exchange-traded funds (ETFs), materials, real estate, and others. The Fund invests in companies of all capitalization ranges. The Fund invests in common stocks and also invests in preferred stocks, rights, warrants and securities convertible into common stocks that are listed on stock exchanges or traded over the counter. The Fund also invests without limitation in other closed-end investment companies and ETFs. The Fund's investment manager is Cornerstone Advisors, LLC.

Postmarket

Last Trade
Delayed
$10.48
0.03 (0.29%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$10.45
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
10.49
Day's Low
10.37
Volume
(Light)
Volume:
1,301,598

10-day average volume:
1,775,276
1,301,598

Apollo and Reliance Industries have made binding offer for Walgreens international arm: Bloomberg

6:35 am ET June 9, 2022 (MarketWatch)
Print

A consortium comprised of Apollo Global Management (APO) and Reliance Industries Ltd. has made a binding offer for the international arm of Walgreens Boots Alliance Inc. (WBA), Bloomberg reported Thursday, citing people with knowledge of the matter. The group's offer values Boots at more than 5 billion pounds ($6.3 billion), one of the people said. The offer is backed by financing and could put Apollo and Reliance in pole position to buy the chain. The main competitor to the bid is a consortium of Britain's billionaire Issa brothers and TDR Capital, but they have been considering dropping their bid due to disagreements over price. Walgreens is seeking a valuation of $7 billion for Boots, which runs more than 2,200 stores across the UK and owns private label brands including No7 Beauty Co. Walgreens shares were slightly lower premarket and are down 18% in the year to date, while the S&P 500 has fallen 13.7%.

-Ciara Linnane

	

(END) Dow Jones Newswires

June 09, 2022 06:35 ET (10:35 GMT)

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