US investment in the Mexican southeast

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petrochemical Mexican Alpek reported on Tuesday that it agreed to acquire 100% of the shares of Octal Holding, a major global PET sheet producer, for 620 million dollars, in an operation that it expects to complete in the first half.

The unit of the Alfa conglomerate said, in a statement sent to the Mexican Stock Exchange, that the amount of the purchase is free of debt and that the financing for the acquisition will be covered through available cash, the flow of its existing businesses and bank loans, but did not give details.

Alpek said the deal would have an immediate material impact on cash flow estimated at $135 million before synergies, based on octal cash flow for the trailing 12 months as of September 30, 2021.

With this, Alpek’s installed capacity would increase by around 12.4% to around 9,205 million tons.

The deal is subject to customary closing conditions, including regulatory approval and is expected to close in the first half of the year.

AT&T will spin off to WarnerMedia in a $43 billion transaction to merge its media holdings with Discovery and will also cut its dividend by nearly half.

AT&T shareholders will own 71% of the new Warner Bros. Discovery company and will receive 0.24 Warner Bros. Discovery shares for each AT&T share they own. AT&T will have 7.2 billion diluted shares outstanding upon closing.

The US telecommunications group will pay a dividend of $1.11 per share, down from $2.08 per share.

This figure is at the lower end of the $8 billion to $9 billion range that AT&T had previously forecast.

After the announcement, AT&T shares fell 4.27% to $24.41 each on Wall Street.

The deal to unravel AT&T’s $85 billion purchase of Time Warner was announced early last year, but some financial details weren’t revealed until Tuesday.

Alphabet and Its subsidiary Google reported higher-than-expected fourth-quarter 2021 sales on Tuesday, as its Internet advertising and cloud computing businesses benefited during the holiday season from a surging rise in online shopping.

Alphabet’s total quarterly sales rose to $75.3 billion, above the $72 billion median estimate of analysts polled by Refinitiv.

Google’s total revenue was $74.9 billion, also beating estimates of $71.652 million.

The company’s third straight quarter of record sales reflects growth in advertising across Google services, such as Internet search, email and YouTube videos, since the pandemic made hybrid work and e-commerce They were common in much of the world.

Google generates more revenue from internet ads than any other company.

The company also announced on Tuesday a 20-share split that would take place in July, if approved by shareholders.

The actions of the firm rose 8.65% to $2,991.11 each in New York in the afternoon after the close of trading.

Shares of Tesla fell 0.58% on the NASDAQ to $931.25 apiece on Tuesday, as the US electric car maker announced a recall of 53,822 cars and SUVs because its “full self-driving” software allows them to bypass traffic signals. up without coming to a complete stop.

The recall covers Model S sedans and SUVs from 2016 to 2022, Model 3 sedans made from 2017 to 2022, and Model Y sport utility vehicles made from 2020 to 2022.

The company will disable the feature with a software update via the Internet this month, according to documents released by regulator the National Highway Traffic Safety Administration.

Tesla sent the documents to the US highway safety agency, the NHTSA, on January 27, which took note of the recall.



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