Key Developments: Viasystems Group Inc (VIAS.OQ)
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Latest Key Developments (Source: Significant Developments)
Viasystems Group Inc Issues Q1 2013 Revenue Guidance Below Analysts' Estimates
Viasystems Group Inc announced that announced that it expects first quarter 2013 consolidated net sales to be similar to the fourth quarter 2012 result. The Company reported net sales of $273.6 million in the fourth quarter of 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report $288.4 million for the first quarter of 2013. Full Article
Viasystems Group Inc Comments On H1 2013 Revenue Guidance
Viasystems Group Inc announced that it expects sales to recover in the first half of 2013 as the production and related orders come back online. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $300 million for the first quarter of 2013; revenues of $323 million for the second quarter of 2013. Full Article
Viasystems Group Inc Comments On Q4 2012 Revenue Guidance-Conference Call
Viasystems Group Inc announced that the third quarter and fourth quarter have had a lot of things going on and will result in a weaker fourth quarter 2012 revenue, when compared to prior years in the third quarter of this year. Full Article
Viasystems Group Inc Issues Q3 2012 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Viasystems Group Inc announced that for the third quarter of 2012, it expects revenue guidance of $325 million to $335 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenues of $331 million for the third quarter of 2012. Full Article
Viasystems Group Inc Completes Acquisition of DDi Corp
Viasystems Group Inc announced that it has completed its $283 million acquisition of DDi Corp. Viasystems announced its intention to acquire DDi on April 4, 2012. Full Article
U.S. Antitrust Review Ends for Viasystems Group, Inc.'s Acquisition Of DDi Corp.
Viasystems Group, Inc. and DDi Corp. announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to the previously announced acquisition of DDi by Viasystems has expired without a request for additional information by the U.S. Department of Justice or the Federal Trade Commission. The transaction still requires approval by DDi’s stockholders. Both companies now expect the transaction to close by May 31, 2012. Full Article
Viasystems Group, Inc. Announces Pricing Of $550 Million Of Senior Secured Notes
Viasystems Group, Inc. announced that its wholly owned subsidiary Viasystems, Inc. has priced a private offering of $550 million of its 7.875% Senior Secured Notes due 2019 at an offering price equal to 100% of par value. The Notes Offering is expected to close on April 30, 2012. The net proceeds of the Notes Offering will be used to fund the previously announced acquisition of DDi Corp to redeem all of Viasystems Inc.’s outstanding $220 million in aggregate principal amount of 12.0% Senior Secured Notes due 2015 and to pay transaction fees and expenses related to the Notes Offering and the acquisition of DDi Corp. The 2019 Notes will initially be guaranteed on a senior secured basis by certain of Viasystems, Inc.’s domestic subsidiaries.The 2019 Notes will not be registered under the Securities Act of 1933 or the securities laws of any other jurisdiction. Full Article
Viasystems Group, Inc. Announces Proposed Private Offering of $550 Million of Senior Secured Notes
Viasystems Group, Inc. announced that its wholly owned subsidiary Viasystems, Inc. is proposing to offer in a private placement $550 million in aggregate principal amount of senior secured notes due 2019. its wholly owned subsidiary Viasystems, Inc. is proposing to offer in a private placement $550 million in aggregate principal amount of senior secured notes due 2019 to redeem all of Viasystems Inc.’s outstanding $220 million in aggregate principal amount of 12.0% Senior Secured Notes due 2015, and to pay transaction fees and expenses related to the offering and the acquisition of DDi Corp. The Notes will initially be guaranteed on a senior secured basis by certain of Viasystems, Inc.’s domestic subsidiaries. The Notes to be offered will not be registered under the Securities Act of 1933 or the securities laws of any other jurisdiction. As a result, they may not be offered or sold in the United States or to any U.S. persons absent registration or an applicable exemption therefrom. Accordingly, the Notes will be offered only to “qualified institutional buyers” under Rule 144A of the Securities Act or, outside the United States, to persons other than 'U.S. persons' in compliance with Regulation S under the Securities Act. A confidential offering circular will be made available to such eligible holders. The offering will be conducted in accordance with the terms and subject to the conditions set forth in the offering circular. Full Article
Viasystems Group, Inc. To Acquire DDi Corp.
Viasystems Group, Inc. and DDi Corp. announced that they have entered into a definitive merger agreement pursuant to which Viasystems will acquire DDi for $13.00 per share in cash, which represents a 20% premium to the volume weighted average price of DDi’s common stock over the last three months. The total transaction value is approximately $282 million, or $268 million net of DDi’s cash plus debt assumed. Following the closing of the transaction, the combined company will have approximately 15,650 employees and manufacturing floor space exceeding 4.3 million square feet in China and 1.0 million square feet in North America. Full Article
Viasystems Group, Inc. Withdraws Common Stock Offering
Viasystems Group, Inc. announced the withdrawal of its previously announced proposed public offering of 2,000,000 shares of its common stock and its largest shareholder’s offering of 2,000,000 shares of common stock. The Company and selling stockholder have made a decision to withdraw the offering due to unfavorable market conditions. Full Article

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