New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 19, 2013
08:41 EDTVCVisteon completes sale of Yanfeng joint venture
Visteon Corporation has completed the sale of its 50% ownership interest in its Chinese joint venture Yanfeng Visteon Automotive Trim Systems to Huayu Automotive Systems Co. in accordance with their previously announced agreement. Visteon expects to receive more than $1B in total after-tax proceeds as a result of the series of transactions. Visteon received approximately $840M, after the provision of certain local taxes, for its stake, and expects to receive an additional after-tax distribution of approximately $65M prior to the end of 2013. Additionally, Visteon expects to receive approximately $116M in additional after-tax proceeds in 2014 and 2015 as a result of related transactions. These proceeds do not include an $86M payment to gain consolidation of Yanfeng Visteon Electronics.
News For VC From The Last 14 Days
Check below for free stories on VC the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 10, 2014
10:00 EDTVCOn The Fly: Analyst Initiation Summary
Apple (AAPL) initiated with a Buy at Deutsche Bank... Crocs (CROX) initiated with a Buy at Buckingham... Deckers Outdoor (DECK) initiated with a Buy at Buckingham... EMC (EMC) initiated with a Buy at Deutsche Bank... HP (HPQ) initiated with a Buy at Deutsche Bank... IBM (IBM) initiated with a Hold at Deutsche Bank... NeoPhotonics (NPTN) coverage resumed with a Market Perform at Raymond James... NetApp (NTAP) initiated with a Hold at Deutsche Bank... Nutrisystem (NTRI) initiated with a Buy at B. Riley... Questar (STR) initiated with an Underperform at BofA/Merrill... S&T Bancorp (STBA) initiated with an Outperform at Raymond James... STB Systems Inc (STBI) initiated with an Outperform at Raymond James... Skechers (SKX) initiated with an Underperform at Buckingham... Steven Madden (SHOO) initiated with a Buy at Buckingham... UGI Corporation (UGI) initiated with a Buy at BofA/Merrill... Web.com (WWWW) initiated with a Neutral at Buckingham... Ally Financial (ALLY) initiated with a Buy at BTIG... Visteon (VC) initiated with a Buy at Citigroup... Greatbatch (GB) initiated with a Buy at KeyBanc... Steris (STE) initiated with a Buy at KeyBanc... Cooper Companies (COO) initiated with a Hold at KeyBanc... Hill-Rom (HRC) initiated with a Hold at KeyBanc... Invacare (IVC) initiated with a Hold at KeyBanc... Teleflex (TFX) initiated with a Hold at KeyBanc... Provident Financial (PROV) initiated with a Market Perform at Keefe Bruyette... UMH Properties (UMH) initiated with a Hold at Wunderlich.
07:57 EDTVCVisteon initiated with a Buy at Citigroup
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 theflyonthewall.com disclaimer & terms of use