Active Mix Cap Retreated Movers: Tata Motors (NYSE:TTM), CommScope Holding (NASDAQ:COMM)

Tata Motors Limited (NYSE:TTM) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 2.36% to close at $34.64 with the total traded volume of 2.06 Million shares. Volkswagen AG is in advanced talks to team up with Tata Motors Ltd. as the German automaker takes another stab at India’s fast-growing demand for cars, according to people familiar with the matter.

A deal to jointly develop vehicles for emerging markets may be reported at the Geneva auto show in early March, said the people, who asked not to be identified as the plan isn’t public. There’s no guarantee contract will be struck, they said.Volkswagen is exploring with its brands and “potential partners” ways to “enlarge the product portfolio with tailor-made solutions” in India, VW said in an e-mailed statement. It’s “premature to make any further disclosures at the moment.” TTM attains analyst recommendation of 1.00 with week’s performance of 0.73%.

CommScope Holding Company, Inc. (NASDAQ:COMM) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -1.39% to $38.91. CommScope Holding Company, Inc. (COMM) reported that its wholly owned subsidiary, CommScope Technologies LLC, priced its offering of $750 million in aggregate principal amount of 5.000% senior unsecured notes due 2027. The Notes are being offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to certain non-U.S. persons outside the United States in reliance on Regulation S under the Securities Act.

The Notes will be guaranteed on a senior unsecured basis by CommScope, Inc. and each of its existing and future wholly owned domestic restricted subsidiaries, subject to certain exceptions. The Issuer currently intends to use the net proceeds of the offering of the Notes, together with cash on hand, to (i) redeem and retire the $500 million in outstanding aggregate principal amount of CommScope, Inc.’s 4.375% senior secured notes due 2020, (ii) repay a portion of the outstanding borrowings under CommScope, Inc.’s senior secured term loan facility and (iii) pay fees and expenses related to the foregoing.

There can be no assurance that the issuance and sale of the Notes or the Refinancing Transactions will be consummated. The share price of COMM attracts active investors, as stock price of week volatility recorded 2.56%. The stock is going forward to its 52-week low with 52.05% and lagging behind from its 52-week high price with -4.09%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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