Auto Parts M&A » By The Online Investor Staff, updated Wed., May. 1, 10:54 PM
Recent mergers and acquisitions in the Auto Parts M&A category.
Slide #14. Visteon Corporation — Automotive Electronics Business of Johnson Controls
Acquirer: |
Visteon Corporation (NASDAQ:VC) |
Acquiree: |
Automotive Electronics Business of Johnson Controls |
Details: |
Visteon Corporation has agreed to purchase the automotive electronics business of Johnson Controls (NYSE:JCI) in a cash transaction valued at $265 million, subject to adjustment. The acquisition is subject to certain regulatory and other consents and approvals and is expected to be completed in the second quarter of 2014. |
Visteon is a global automotive technology company serving the mobility industry. Co. designs and manufactures automotive electronics and connected car solutions, including: Instrument Clusters, which provides a line of instrument clusters, from standard analog gauge clusters to 2-D and 3-D display-based devices; Information Displays, which provides a range of information displays for various applications within the cockpit; Audio and Infotainment Systems, which provides a range of infotainment and connected car solutions; Battery Management Systems; Telematics Solutions; SmartCore Cockpit Domain Controller; DriveCore Advanced Safety Driving Controller; and Body Domain Controller.
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Company Name: |
Visteon Corp |
Stock buyback: |
VC buyback |
Website: |
www.visteon.com |
Sector: |
Auto Parts |
Number of ETFs Holding VC: |
50 |
Total Market Value Held by ETFs: |
$578.75M |
Total Market Capitalization: |
$3.11B |
% of Market Cap. Held by ETFs: |
18.59% |
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May 1, 2024 10:54 PM Eastern
Buy (3.19 out of 4)
38th percentile
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