South Korea's Hyundai Motor Co said on Monday it is not now in talks with Apple Inc on autonomous electric cars, just a month after it confirmed early-stage talks with the tech giant, sending the automaker's shares skidding.
By Reuters Staff
2 Min Read
(Reuters) - Canadian digital healthcare company Well Health Technologies Corp said on Monday it would buy CRH Medical Corp for $292.7 million to expand into the United States, in a deal partly funded by its billionaire investor Li Ka-shing.
The move comes days after a unit of the Hong Kong tycoon’s CK Group agreed to buy two wind farms in British Columbia, marking its first purchase of a Canadian renewables project.
CRH Medical shareholders will get $4 per share in cash, representing a premium of about 83% to the company’s shares’ closing price on Friday.
U.S.-listed shares of CRH Medical were trading 80% higher at $3.94, while its Canada-listed shares were at C$5.02.
Shares of videogame retailer GameStop Corp slumped on Monday, losing ground along with a slew of other social media-hyped stocks that took investors on a wild ride earlier this month.
London's FTSE 100 rose on Monday, as energy stocks tracked a jump in oil prices on hopes that global vaccine rollouts would quicken the economic recovery this year.