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Visteon Corporation offers $800 Million To Take Full Control Of Halla Climate Control Corporation-Reuters


Wednesday, 4 Jul 2012 10:52pm EDT 

Reuters reported that Visteon Corporation said it would offer some $800 million to take full control of South Korean car air conditioner maker Halla Climate Control Corporation, but analysts cautioned that a key shareholder may hold out for more. Visteon said it will bid KRW28,500 per share, a 14% premium to Halla Climate's last closing price, for the 30% of Visteon Corporation it does not already own. The offer will start from July 5, 2012, and run until July 24, 2012. 

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17 May 2013