Article 4ZVR2 Coronavirus outbreak puts Aston Martin's prospects in the slow lane

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

by
Nils Pratley
from Economics | The Guardian on (#4ZVR2)

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.

Related: Coronavirus: Europe on alert as four more deaths reported in Italy - updates

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