Manufacturing M&A » By The Online Investor Staff, updated Sun., Apr. 11, 8:07 AM
Recent mergers and acquisitions in the Manufacturing M&A category.
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Slide #39. 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 an automotive supplier that designs, engineers and manufactures automotive electronics and connected car solutions for vehicle manufacturers. Co.'s products include: Instrument Clusters, which includes standard analog gauge clusters, 2-D, and 3-D display-based devices; Information Displays, which consists of information displays for applications within the cockpit; Audio and Infotainment Systems, which includes a range of infotainment and connected car solutions; Telematics Solutions, which includes telematics control unit; Head-Up Displays (HUD), which includes a line of HUD; SmartCore™ Domain Controller; and DriveCore Advanced Safety Driving Controller.
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Avg. Broker Rec.
 
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Buy (2.56 out of 4) 10th percentile
(ranked lower than approx. 90% of all stocks covered)
Analysts' Target Price: VC Stock Forecast Based on Zacks ABR data; powered by Xignite |
