- Canada Pension Plan Investment Board (CPP Investments) has invested $350 million in Advanced Drainage Systems Inc (NYSE:WMS) through purchasing shares in a secondary transaction.
- This transaction increases CPP investments’ total ownership stake in the company to 4.6%.
- “ADS represents the opportunity to invest in a high-quality operator that is a leader in its field. The company’s strong competitive positioning and runway for growth make it a good fit for our investment strategy,” said Michael Koen, Managing Director, Head of Relationship Investments, CPP Investments.
- Price Action: WMS shares closed lower by 2.32% at $111.05 on Thursday.
‘Lordstown Nears Deal to Sell Ohio Plant to Taiwan’s Foxconn’ – Bloomberg
https://www.bloomberg.com/news/articles/2021-09-30/lordstown-nears-deal-to-sell-ohio-car-plant-to-taiwan-s-foxconn?srnd=premium-asia&sref=ZoyErlU1
