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Stock Market & Financial Investment News

News Breaks
February 15, 2013
06:03 EDTTHRMGentherm agrees to acquire all W.E.T. shares for $7.5M
Gentherm announced it has reached an agreement to acquire all the shares of W.E.T. Automotive Systems AG owned by Deutsche Balaton AG, the largest minority shareholder of W.E.T.  Deutsche Balaton remains indirectly a shareholder of W.E.T. via Gentherm. Upon completion of the transaction, Deutsche Balaton has agreed to withdraw its legal case opposing the registration of a Domination and Profit and Loss Transfer Agreement, which, under German law, would essentially allow Gentherm and W.E.T. to be managed as one operational entity. The transaction involves the issuance of 3.3M Gentherm common shares and payment of approximately $7.5M in cash in exchange for Deutsche Balaton's 442,253 shares in W.E.T. Closing of the transaction is expected to occur within a few days.
News For THRM From The Last 14 Days
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February 26, 2015
08:44 EDTTHRMGentherm price target raised to $60 from $50 at Roth Capital
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February 24, 2015
06:15 EDTTHRMGentherm sees FY15 revenue increase of 10%-15%, consensus $913.97M
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06:14 EDTTHRMGentherm reports Q4 EPS 55c, consensus 46c
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