-- State Grid Information & Communication's (SHA:600131) attributable profit fell 24% to 4.3 million yuan in the first quarter from 5.7 million yuan in the year-ago period, according to a Saturday filing with the Shanghai bourse.
On a per-share basis, the information and communications company broke even, unchanged from the prior-year period.
Operating revenue declined 3% year over year to 1.34 billion yuan from 1.39 billion yuan.
Adient (ADNT) said Monday it acquired a foam production plant in Romulus, Michigan, from automotive supplier Woodbridge to expand its operational footprint.The deal included the purchase of the existing building and land, production equipment, and inventory, according to a statement.Plant employees will be absorbed into Adient's workforce, the company said.Price: $22.02, Change: $-0.12, Percent Change: -0.54%
Webtoon Entertainment (WBTN) said Monday it teamed up with Genies to develop digital avatar tools that allow creators to turn characters into interactive experiences.Financial terms were not provided.The digital storytelling platform operator said the tools will let users interact with characters through chat and access digital content. Initial rollout will include select titles, and broader availability is planned later, according to the company.Webtoon said the offering is expected to introduce digital items and support new revenue opportunities for creators, with the first features scheduled to launch this summer.Shares of the company were up over 5% in Monday trading.Price: $11.68, Change: $+0.55, Percent Change: +4.90%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Shell plc (SHELL LN GBP33 ***) agreed to acquire ARC Resources Ltd. in a CAD22B cash-and-stock transaction at CAD32.80 per share, a 27% premium to ARC's April 26 closing price. ARC shareholders will receive 0.40247 Shell shares plus CAD8.20 cash per share, with the deal unanimously recommended by ARC's board. The acquisition strategically strengthens Shell's integrated gas business by adding high-quality Montney reserves and creating synergies with Shell's existing 40% stake in LNG Canada to accelerate export value. The transaction requires 66.67% shareholder approval at a July 2026 meeting and regulatory clearances, with closing expected in H2 2026. We believe the deal establishes a scaled Canadian growth platform with decades of resource runway while bringing deep Montney technical expertise to Shell's global organization. ARC's status as a top-quartile low carbon intensity producer aligns with Shell's "more value, less emissions" strategy. ARX trades flat year-to-date and down about 4% over 12 months.