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Manufacturing M&A image Manufacturing M&A » By The Online Investor Staff, updated Fri., Apr. 19, 2:57 AM Recent mergers and acquisitions in the Manufacturing M&A category.

Slide #78. HASCO Yanfeng Joint Ventures

Acquirer: HASCO
Acquiree: Yanfeng Joint Ventures (NASDAQ:VC)
Details: Visteon Corporation (NYSE:VC) today announced that it has entered into an agreement with Huayu Automotive Systems Co., Ltd. (HASCO) to sell its 50 percent stake in Chinese joint venture Yanfeng Visteon Automotive Trim Systems Co., Ltd. (YFV), as well as its direct interests in other related interiors joint ventures, to HASCO. Additionally, Visteon and HASCO agreed to modify their existing electronics ventures in China such that Visteon will obtain control of the majority of Yanfeng Visteon Automotive Electronics Co., Ltd. (YFVE).



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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:  $557.06M
Total Market Capitalization:  $2.99B
% of Market Cap. Held by ETFs:  18.63%
 

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April 19, 2024    2:57 AM Eastern
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