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0.00105328376703847 0.00150469109576927 0.00327491591432119 0.00637280934678713 0.00637280934678713 0.00637280934678713 0.00637280934678713 0.00637280934678713
Stock impact report

First Brands Agrees $25 Million Sale of Key Auto Parts Brands [Yahoo! Finance]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Company Research Source: Yahoo! Finance
A forced unwind is taking shape at First Brands Group, and the recovery path for creditors could be coming into focus. The bankrupt auto-parts supplier has agreed to sell a group of recognizable aftermarket brands for $25 million, as it continues to dismantle its remaining operations. The buyer, PGI Northstar, is expected to assume certain liabilities tied to the 12-brand portfolio, which includes names such as Fram, Autolite, and Trico, based on court filings. The transaction still requires judicial approval, which means timing and final execution could remain uncertain. Warning! GuruFocus has detected 8 Warning Signs with F. Is F fairly valued? Test your thesis with our free DCF calculator. The backdrop to this deal reflects a rapid erosion in operating stability that may have undermined earlier sale efforts. First Brands had been attempting to market these assets while still running, but that process appears to have faltered as orders declined and liquidity tightened. In its Show less Read more
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