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Stock Market & Financial Investment News

News Breaks
January 31, 2013
08:09 EDTVCVisteon completes intiial phase to consolidate climate phase with Halla Climate
Visteon and its longtime Korean affiliate Halla Climate Control announced they have completed the contribution of the majority of Visteon's automotive climate business to HCC. The transaction was divided into two phases, with the second phase on track to be completed late in the first quarter of 2013. The total purchase price, before certain adjustments, is unchanged from the $410M announced by the companies on Jan. 11. The transaction is immediately accretive to Halla Climate Control.
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September 22, 2014
14:09 EDTVCVisteon repeats FY14 adjusted EPS view $2.98-$3.62, consensus $3.36
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14:06 EDTVCVisteon repeats FY15 revenue view $8.5B-$8.7B, consensus $8.66B
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07:25 EDTVCCitigroup to hold a conference
Industrials Conference to be held in Boston on September 22-24.
September 11, 2014
07:25 EDTVCVisteon price target raised to $130 from $122 at JPMorgan
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September 10, 2014
12:56 EDTVCVisteon split would eliminate conglomerate discount, says UBS
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10:29 EDTVCVisteon board weighing split into two companies, Bloomberg says
The board of Visteon is exploring a plan to split up its electronics and climate controls divisions into two separate companies, but has yet to hire advisers to help with a potential break-up, said Bloomberg, citing people familiar with the matter. A restructuring would probably not be finished this calendar year, one of the people said, and Visteon is also considering a potential sale of the electronics business, the report added. Shares of Visteon are up over 4% in morning trading following the report. Reference Link
10:13 EDTVCVisteon shares jump 2% after Bloomberg says board mulling break-up
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10:12 EDTVCVisteon board weighing split into two companies, Bloomberg says
Visteon has not hired advisers on a potential break-up yet and is said to be unlikely to complete a split, if pursued, this year, Bloomberg added.

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