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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)
SBHGF 30.10+0.9%Sep 20 3:30 PM EDTNews

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From: Stock Watcher12/28/2017 9:40:21 AM
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Geely (GELYF) buys majority of Volvo trucks; $3.43 +3% - unusual vol. on open:

Geely, the Chinese group that owns the carmaker Volvo, will become the largest shareholder in the listed truckmaker that shares its brand. The $3.8bn acquisition of an 8.2 per cent stake raises the prospect of one day reuniting the two parts of the Scandinavian vehicle maker that split in 1999 — and in the meantime, forging closer ties to generate synergies and new business opportunities for both.
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