Uber Technologies Inc. subsidiary Uber Freight announced Thursday a deal to buy logistics technology company Transplace for about $2.25 billion in cash and stock from TPG Capital. Under terms of the deal, the purchase price includes $750 million worth of Uber stock and the rest in cash. Uber's stock slipped 0.6% in premarket trading. "This is a significant step forward, not just for Uber Freight but for the entire logistics ecosystem," said Lior Ron, head of Uber Freight. "This is an...
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Shares of Retail Properties of America Inc. surged 4.3% in premarket trading Monday, after the shopping center real estate investment trust and fellow REIT Kite Realty Group Trust announced a merger agreement which values Retail Properties shares at a 12.6% premium, and implies a market capitalization for Retail Properties of about $2.8 billion. Kite Realty's stock was still inactive in premarket trading. Under terms of the deal, each Retail Properties share will be converted into 0.6230 newly...
Kevin Paredes and Ola Kamara scored about five minutes apart to help D.C. United rally for a 2-2 tie with the Chicago Fire on Wednesday night at Soldier Field.
Modest gains for European stocks greeted investors on Friday. U.S. equity futures were steady ahead of retail sales data.