New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 25, 2013
06:06 EDTTHRMGentherm announces registration of DPLTA in Germany
Gentherm Incorporated announced the registration of a Domination and Profit and Loss Transfer Agreement with respect to its majority-owned subsidiary, W.E.T. Automotive Systems AG. Registration of the DPLTA had been the subject of a lengthy legal dispute in Germany. The DPLTA essentially allows Gentherm and W.E.T. to be managed as one operational entity.As previously announced, Gentherm recently acquired all of the shares of W.E.T. owned by the largest minority shareholder and the legal case opposing the registration of the DPLTA was simultaneously withdrawn. As a result of that transaction, Gentherm owned approximately 90% of W.E.T.'s outstanding shares. Gentherm also announced that it has since acquired or signed purchase agreements to acquire additional shares in W.E.T. from various minority shareholders that will increase Gentherm's total ownership interest in W.E.T. to 98.8% of W.E.T.'s outstanding shares. The additional shares were purchased for EUR85 per share cash.
News For THRM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 27, 2015
18:02 EDTTHRMS&P announces changes to S&P 400, 500, and 600 indices
Subscribe for More Information
17:23 EDTTHRMGentherm to replace Aviv REIT in S&P 600 as of 4/1 close
Subscribe for More Information
March 19, 2015
09:16 EDTTHRMGentherm management to meet with Barrington
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use