Aston Martin shares leap 25% as billionaire buys big stake

Aston Martin shares leap 25% as billionaire buys big stake

Aston Martin shares accelerated as much as 25% Friday after news came that Canadian billionaire Lawrence Stroll has agreed to buy up to 20% of the company. Aston Martin will raise $656 million also with a rights issue from existing shareholders.Aston Martin has been in financial trouble as sales slipped, and spending advanced on its new SUV, the DBX, ahead of its launch in the Spring.

Sandra
Sandra
Miles O'Brien
Miles O'Brien 1 months

Billionaire playthings. It's not news.

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