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TUS International says Sunny Voyage entered into JV with Tusstar

Friday, 17 Feb 2017 07:38am EST

Tus International Ltd <0872.HK> : Sunny voyage, a direct wholly-owned subsidiary of company, entered into joint venture agreement with tusstar .Deal in relation to proposed formation of jv company.

China XD Plastics announces receipt of preliminary non-binding "going private" proposal

Friday, 17 Feb 2017 07:30am EST

China Xd Plastics Co Ltd : China XD Plastics Co Ltd - offer for us$5.21 per share of common stock in cash . China XD Plastics announces receipt of preliminary non-binding "going private" proposal . China XD Plastics Co Ltd - board has established a special committee of disinterested directors to consider proposal . Says proposal letter states buyer consortium expects board will appoint a special committee to consider proposal . China XD Plastics Co - proposal letter states buyer consortium expects board to appoint special committee of independent directors to consider proposal . China XD Plastics Co - special committee intends to retain advisors, including an independent financial advisor, to assist in evaluation of proposal .China XD Plastics - received preliminary non-binding proposal letter from ceo, xd. Engineering plastics co.

Knorr-Bremse extends acceptance period for Haldex offer to June 16

Thursday, 9 Feb 2017 02:05am EST

Knorr Bremse AG [STELLG.UL] : Says extends the acceptance period in its offer for all shares in Haldex to 16 june 2017 due to pending approval of competition authorities . Says it will require more time to complete merger clearance process . Says remains fully committed to transaction as it is based on a compelling strategic rationale .Says if conditions for offer have been fulfilled by 21 june 2017, at latest, settlement is expected to be initiated around 28 June 2017.

CIE Automotive to buy USA's Newcor for $106 million

Tuesday, 7 Feb 2017 12:20pm EST

CIE Automotive SA : Says it has reached an agreement to buy USA's Newcor Inc for $106.0 million .Newcor is a company specialized in design and production of high precision machined components and subassemblies, powertrain and transmissions for the automotive sector.

Lear signs definitive agreement to acquire Grupo Antolin's automotive seating business

Monday, 6 Feb 2017 03:31am EST

Lear Corp : Lear signs definitive agreement to acquire grupo antolin's automotive seating business . Says expects transaction to be accretive to 2017 earnings per share upon closing . Says transaction is valued at 286 million euros on a cash and debt free basis .Says intends to fund transaction with cash on hand.

Changzhou Tenglong Auto Parts to acquire stake in Zhejiang Richleo

Monday, 6 Feb 2017 02:00am EST

Changzhou Tenglong Auto Parts Co Ltd <603158.SS> :Says it signs letter of intent to acquire 54 percent stake in Zhejiang Richleo Environmental Technology.

DENSO to fully acquire unit DAISHINSEIKI via stock swap

Wednesday, 1 Feb 2017 09:54pm EST

DENSO Corp <6902.T> : Says the company plans to fully acquire 99.35-percent-owned auto parts manufacturing unit DAISHINSEIKI Co Ltd through stock swap, with effective on March 17 . One share of unit DAISHINSEIKI's stock will be exchanged with 7.9 shares of co's stock . 16,906 shares of co's stock will be exchanged .The unit DAISHINSEIKI will be the wholly owned subsidiary of co after the transaction.

Aisin Seiki raises stake in ART METAL MFG. CO.,LTD. to 65 pct

Wednesday, 1 Feb 2017 02:34am EST

Aisin Seiki Co Ltd <7259.T>:Says it raised stake in ART METAL MFG. CO.,LTD. to 65 percent.

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