Stocks to Watch: Stellantis, Rent-A-Center, Brookfield
10 Diciembre 2022 - 9:31AM
Noticias Dow Jones
By Patrick Chu
Stellantis NV said it would halt operations at a 1,350-employee
Jeep Cherokee assembly plant in Illinois, citing the need to
control costs due to supply-chain disruptions and high expenses
associated with its shift to electric vehicles.
Rent-A-Center Inc. shareholder Engaged Capital LLC disclosed a
6.5% stake in the furniture and electronics rent-to-own company.
The activist investor purchased the shares because it said they
were undervalued and represented an attractive investment
opportunity, according to a Friday SEC filing.
Brookfield Corp. and Brookfield Asset Management Ltd. said they
completed the spinoff of a 25% interest in the asset management
business. Brookfield Corp. will trade under the ticker BN on the
New York and Toronto stock exchanges on Monday. Brookfield Asset
Management will trade as BAM on both exchanges.
Write to Patrick Chu at Patrick.Chu@WSJ.com
(END) Dow Jones Newswires
December 10, 2022 10:16 ET (15:16 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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