|Bid||266.60 x 0|
|Ask||294.60 x 0|
|Day's range||278.60 - 282.40|
|52-week range||131.80 - 357.00|
|Beta (5Y monthly)||1.44|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||4.80 (1.71%)|
|Ex-dividend date||23 Jul 2021|
|1y target est||N/A|
Here's what you need to know as it played out on Thursday.
FRANKFURT (Reuters) -Europe's largest carmaker Volkswagen raised its profit margin target on Thursday for the second time in less than three months, pointing to record earnings in the first half of 2021 that topped even pre-pandemic levels. Spurred by Chief Executive Herbert Diess' vision to overtake Tesla as the world's top electric vehicle (EV) player, Volkswagen has unveiled a string of targets and deals this year to meet that goal. They include a bid for Europcar on Wednesday, valuing the car rental firm at 2.9 billion euros ($3.4 billion), in a bet on mobility services which Volkswagen sees as a major source of future profits.
PARIS (Reuters) -A consortium led by Volkswagen has agreed with Europcar to launch a tender offer for the car rental company that values it at 2.9 billion euros ($3.4 billion) including debt, Europe's largest carmaker said on Wednesday. Volkswagen, which has teamed up with asset manager Attestor Limited and Dutch mobility group Pon Holdings BV for the deal, is proposing an offer price of 0.50 euro per share, it said in a statement. This could be topped up by a 0.01 euro per share supplement if 90% of shareholders take up the bid, Europcar said in a separate statement, adding that its board had recommended the offer.