The upcoming week will shed more light on how third-quarter gross domestic product is shaping up in the U.S. and U.K., as well as decisions surrounding monetary policy from the EU and Brazilian central banks.
Airbus SE (EADSY)
Airbus and Bombardier will team up on the C Series aircraft program as part of a deal inked last week.
The partnership will combine Airbus’ global connections with Bombardier’s new, top-of-the-line aircrafts. The move will put both companies in a good position to tap the value of the C Series platform, adding value for customers, suppliers, employees and shareholders.
Airbus will provide procurement, sales and marketing, as well as customer support expertise as part of the C Series Aircraft Limited Partnership (CSALP), manufacturing and selling the C Series.
All in all, Airbus will acquire a 50.01% interest in CSALP, while Bombardier and Investissement Québec will hold about 31% and 19% of the C Series respectively.
EADSY stock is up 44.7% year-to-date and BDRBF is up 39.8% YTD.
Potlatch Corporation (PCH)
The deal will be an all-stock deal that will offer Potlatch the ability to adjust its sails more effectively in the lumber market. The rising costs of building materials had put a hamper on the industry, even before Hurricanes Harvey and Irma.
Deltic will work with Goldman Sachs Group Inc (NYSE:GS) and law firm Davis Polk & Wardwell LLP to review the terms of the deal after being pressured to sell.
The deal could be officially announced as soon as Monday. Potlatch shareholders would be able to own about 65% of the combined company, while Deltic shareholders would hold the rest.
PCH shares are up 27.3% YTD.
Tesla Inc (TSLA)
Tesla announced that it will build a factory in Shanghai, China.
The electric car maker inked a deal with the Chinese government to build a production facility in Shanghai, located in the city’s free-trade zone. The move will help Tesla expand its global footprint.
The details of the agreement have yet to be determined, but it is the largest such deal for a foreign car manufacturer in the Asian nation, potentially cutting production costs for Teslas sold in China.
The deal may also exclude technology-sharing agreements that would deter innovative international companies from creating their own facility in Shanghai or elsewhere in China.
TSLA stock fell 1.9% at Friday’s close.
As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.