polk (rl) & co (POLL:OTC US)
polk (rl) & co (POLL) Snapshot
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Open
$1,465
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Previous Close
$1,460
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Day High
$1,465
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Day Low
$1,460
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52 Week High
04/22/13 - $1,465
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52 Week Low
12/10/12 - $1,012
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Market Cap
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Average Volume 10 Days
0.0
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EPS TTM
--
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Shares Outstanding
0.0
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EX-Date
12/18/12
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P/E TM
--
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Dividend
$25.00
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Dividend Yield
19.86%
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Related News
polk (rl) & co (POLL) Related Businessweek News
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R. L. Polk & Co. provides automotive intelligence and marketing solutions. The company enables to analyze and forecast market potential, improve owner loyalty, interpret and apply vehicle identification number information, optimize dealer network, manage after sales and aftermarket operations, and plan and manage multichannel target marketing operations. It also provides advisory services; analysis across various industry issues; vehicle information that allows to determine the size of client’s target market; market simulations, worldwide views, and trend watches; market share reporting; data on registered passenger cars and light-duty trucks in the U.S., Canada, and Puerto Rico; and insight on vehicles in operation (VIO). In addition, the company offers a Web-based system that enables to identify leasing and lien holder activities in the new vehicle market; a Web application that provides instant access to complete Canadian vehicle registration data; a forecasting tool that provides access to planning and information about emerging trends; a tool that contains vehicle sales and registration data; a tool that offers information related to new, used, and VIO registration statistics and sales combined with demographic information; an interactive system that provides insight on the commercial vehicle industry; and a tool that facilitates to contact owners of recalled vehicles. It supplies automotive insight to aftermarket clients, such as manufacturers, dealers, and suppliers; automotive dealer agencies and dealers; automotive manufacturers; the commercial vehicle market; equipment and part suppliers; finance and government organizations; insurance and media companies; research organizations; and manufacturers, dealers, and suppliers of recreational vehicles, motorcycles, and boats. The company was founded in 1870 and is headquartered in Southfield, Michigan with additional offices in the United States, the Asia Pacific, Europe, Canada, Australia, and internationally.
polk (rl) & co (POLL) Key Developments
R. L. Polk & Co. confirmed that it is exploring strategic growth opportunities which include a possible sale. R. L. Polk has appointed Evercore Partners Inc. to advice on the alternatives. "R.L. Polk & Co. has engaged Evercore Partners, which is a New York investment banking firm. They are exploring strategic growth opportunities with us," R. L. Polk’s Vice President, Lonnie Miller told The Detroit News. Miller declined to specify what those opportunities might be, but he did not dispute a Wall Street Journal report stating that R. L. Polk is being shopped and could fetch around $1 billion. Miller said that no deadline has been set for concluding a sale or any other action. "We're at the beginning of this process," Miller said.
People familiar with the matter said that R. L. Polk & Co. is putting itself up for sale. People familiar with the matter said that a potential sale of R. L. Polk will result in change of ownership for the first time in about 140 years. According to one of the people, Polk could raise approximately $1 billion from its sale.
R. L. Polk & Co. announced that Brad Korner has been promoted to vice president, sales and client services-automotive retail solutions (ARS) and media. In his new role, Korner will lead the ARS and Media Group with responsibility for managing and growing these businesses. He previously served as director of sales and client services for the ARS group. Prior to joining Polk, Korner spent nearly 24 years with Reynolds and Reynolds.
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