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Stock Market & Financial Investment News

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August 1, 2014
13:44 EDTSRIStoneridge completes Wiring Business sale
Stoneridge completed the previously announced sale of its Wiring Business assets to Motherson Sumi Systems in accordance with the asset purchase agreement dated May 26. Cash proceeds for the transaction were $71.4M and consisted of the $65.7M stated purchase price and the assumption of certain related liabilities of the Wiring Business adjusted for certain cash on hand and an estimated net working capital credit. Final proceeds are subject to customary post-closing adjustments. Included in the transaction are six manufacturing facilities located in Portland, Indiana, Chihuahua, Mexico, Saltillo, Mexico, and Monclova, Mexico, as well as an engineering and administrative center located in Warren, Ohio.
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November 19, 2014
06:17 EDTSRIStoneridge initiated with a Market Perform at FBR Capital
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