Auto Parts M&A » By The Online Investor Staff, updated Wed., Apr. 24, 2:04 AM
Recent mergers and acquisitions in the Auto Parts M&A category.
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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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Avg. Broker Rec.
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Buy (3.00 out of 4) 23rd percentile
(ranked lower than approx. 77% of all stocks covered)
Analysts' Target Price: VC Stock Forecast Based on Zacks ABR data; powered by Xignite |
