We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for real-time alerts, custom portfolio, and market movers
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Bidcorp | LSE:BID | London | Ordinary Share | GB0004690094 | ORD 20P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jun 2019 to Jun 2024
DOW JONES NEWSWIRES
Sotheby's Inc. (BID) announced a new three-year credit line, which will be $50 million bigger than planned because of strong lender interest, in a move the auctioneer said gives it more flexibility.
The deal comes as the art auction house's sales have tumbled. The industry has been struggling to secure enough top material to entice bidders as the economic downturn is forcing them to rely heavily on individuals to sell art for personal reasons.
The $200 million credit line, arranged by General Electric Co.'s (GE) finance arm and HSBC Holdings PLC (HBC), will carry an interest rate of at least 6%. Sotheby's President and Chief Executive Bill Ruprecht called the financing "a very positive development." The company's current line, with Bank of America Corp. (BAC), was to mature in a year.
Sotheby's shares closed Monday at $15.86 and were inactive premarket. The stock is up 78% this year.
-By Kevin Kingsbury, Dow Jones Newswires; 212-416-2354; kevin.kingsbury@dowjones.com
1 Year Bidcorp Chart |
1 Month Bidcorp Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
