Coronavirus outbreak puts Aston Martin's prospects in the slow lane

Canadian billionaire's rescue plan suddenly doesn't look so rosy given the epidemic's economic fallout

At what point does the coronavirus crisis qualify as a "material adverse change" for City deal-making purposes? Lawrence Stroll, would-be rescuer of Aston Martin, may be asking the question right now. As things stand, he is set to pay 400p-a-pop for a 16.7% slice of the luxury carmaker, versus a market price that fell as low as 360p on Tuesday.

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