Previous close | 0.8900 |
Open | 0.5600 |
Bid | 0.0500 |
Ask | 0.8900 |
Strike | 95.00 |
Expiry date | 2025-06-20 |
Day's range | 0.5600 - 0.5600 |
Contract range | N/A |
Volume | |
Open interest | 139 |
U.S. lawmakers have sought for an increased scrutiny from the FTC on many multi-billion dollar deals that might risk higher prices and affect consumers. Walmart had proposed to buy Vizio for $11.50 per share in cash in February, in another bet on the retailer's fast-growing U.S. advertising business, Walmart Connect, and gaining access to Vizio's SmartCast operating system, which streams ad-supported content on its devices.
The U.S. Federal Trade Commission has asked for more information from Vizio and Walmart regarding their proposed $2.3 billion deal, the smart-TV maker said on Tuesday. Walmart had proposed to buy Vizio for $11.50 per share in cash in February, in another bet on the retailer's fast-growing U.S. advertising business, Walmart Connect, and gaining access to Vizio's SmartCast operating system, which streams ad-supported content on its devices. The big-box retailer had said in March it had notified two U.S. antitrust agencies it would withdraw and refile a certain review application for its planned acquisition of Vizio, to give the regulators more time to review the deal.
Walmart debuted a new private-label food brand on Tuesday, with most of the products priced under $5, as it aims to improve and grow its offerings at a time when rival retailers are expanding their own lines. The world's largest retailer said it would sell a variety of dairy products, snacks, beverages, pasta, soups, coffee, chocolate and other food items across 50 categories under the new brand "bettergoods." Items will be priced from under $2 to under $15, with 70% of the 300 products on offer falling below the $5 mark, Walmart said in a statement.