Stroll Buying Up Aston Martin Shares In Possible Attempt To Block Hostile Geely Takeover | Carscoops carscoops
purchase was made when Aston Martin issued around £654 million in shares in an effort to pay down debt. At the time, Stroll revealed that he and his partners had turned down an offer of £1.3 billion in capital from the automaker and Invest Industrial . He described the move as an attempt to take the company over “on the cheap.
Following its recent round of purchases, Yew Tree would not comment on Geely. Instead, they said that they are investing in the company, which is currently valued at £1.2 billion , down from the £4 billion it was valued at when it first went public in 2018. “As a group of investors we share a firm belief that Aston Martin is undervalued and that, despite the recent supply chain challenges, it is well set to continue its growth trajectory in the ultra-luxury high performance automotive business,” said Stroll of Yew Tree, last month.
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