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NEW YORK, July 20, 2020 /CNW/ -- KPS Capital Partners, LP ("KPS") announced today that, through a newly formed affiliate, it has entered into an asset purchase agreement with Briggs & Stratton Corporation (NYSE: BGG) and certain of its wholly-owned subsidiaries (collectively, "Briggs & Stratton" or the "Company") under which KPS will acquire substantially all of the assets of Briggs & Stratton, including equity of foreign subsidiaries, for approximately $550 million. Briggs & Stratton has filed a motion with the United States Bankruptcy Court for the Eastern District of Missouri seeking the designation of KPS as the stalking horse bidder in a sale motion as part of the Company's filing of voluntary petitions under Chapter 11 of the Bankruptcy Code today....
Accenture plc's (NYSE:ACN) price-to-earnings (or "P/E") ratio of 28.5x might make it look like a strong sell right now......
Top news and what to watch in the markets on Monday, July 20, 2020....
Intel's autonomous driving unit Mobileye scores another big win, this one with auto giant Ford....
VANCOUVER, BC and ERIE Pa., July 20, 2020 /CNW/ - ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) ("ImagineAR" or "Company") an Augmented Reality Company that enables sports teams, businesses, retailers and organizations to instantly create their own AR mobile campaigns, is pleased to announce the signing of an MOU with Loop Insights Inc. (TSXV: MTRX) ("Loop"), a provider of contactless solutions and Artificial Intelligence ("AI") to drive marketing and real-time consumer insights. The integration of each company's respective technologies into a singular platform will deliver personalized promotions and targeted engagement, leading to higher conversions and transaction revenue in the professional sports, entertainment and retail industries. On July 13, 2020 Loop announced the acceleration of conversations and projects with two of Canada's largest telecommunications companies, as well as, two of the largest network providers in the United States....
Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, said on Monday that it had started the process of a concurrent initial public offering on Shanghai's Nasdaq-style Star Market and the Hong Kong Stock Exchange. The world's most valuable tech "unicorn" said in a release that the listings will help the company accelerate its goal of digitising the service industry in China, develop global markets with partners and expand investment in technology and innovation. Ant did not disclose the size, timetable or other details of the offering in the release....
