Auto / Truck / Motorcycle Parts
Totoku Electric Co Ltd to Sell Information Equipment Business and Subsidiary to JVC KENWOOD Corporation
Totoku Electric Co Ltd announced that it has decided to sell information equipment business and all 6,000 shares (100% stake) of the subsidiary which is engaged in this business to JVC KENWOOD Corporation, effective July 1, 2013.
NIFCO INC's Subsidiary to Acquire Nifco Deutschland GmbH
NIFCO INC announced that its wholly owned subsidiary Nifco Deutschland GmbH will acquire a 100% stake in a Germany-based automobile-oriented plastic components maker KTS GmbH & Co. KG and its group companies, from Mr. Peter Schmidt and others. The financial terms regarding this were not disclosed.
Landi Renzo SpA's Subsidiary Acquires Business Branch
Landi Renzo SpA announced that through SAFE SpA, it has closed the acquisition of the business branch producing gas-processing compressors useful for multiple applications from Agave Srl (formerly SAFE srl), in liquidation and in composition with creditors. Safe SpA started its operations on July 18, 2012 under a business branch lease. The consideration paid amounted to approximately EUR 3.5 million, compared to initial estimates of WUE 10 million (EUR 8 million for inventories and EUR 2 million for other assets, and including also liabilities amounting to EUR 500,000).
Compagnie Plastic Omnium SA Acquires Remaining Stake in Joint Venture with Xieno and Plans to Open New Production Unit in China-Les Echos
Les Echos reported that Compagnie Plastic Omnium SA has acquired the 40% stake that it did not already own in its joint venture with Chinese company Xenio engaged in the composites sector. The transaction was valued at under EUR 10 million. Compagnie Plastic Omnium SA also intends to launch seven new production units in China by the end of 2014.
Genuine Parts Co Completes Acquisition Of Remaining 70% Of Exego Group
Genuine Parts Co announced that it has completed the purchase of the remaining 70% stake of Exego Group for approximately USD650 million in cash and the assumption of approximately USD160 million in net debt, effective April 1, 2013. The purchase was financed using a combination of cash on hand and borrowings under existing credit facilities. The Company had previously purchased a 30% stake in the Exego Group on January 1, 2012, and had announced the pending agreement to acquire the remaining shares on March 11, 2013.
Jidosha Buhin Kogyo Co Ltd, TDF Corporation and I Metal Technology Co Ltd to Establish Holding Company
Jidosha Buhin Kogyo Co Ltd, TDF Corporation and I Metal Technology Co Ltd announced that they have decided to establish a holding company, effective October 1, 2013. Jidosha Buhin Kogyo Co Ltd, TDF Corporation and I Metal Technology Co Ltd will become wholly owned subsidiaries of the holding company through stock swap. One I Metal Technology share can be exchange to 0.34 share of the holding company. One TDF Corporation share can be exchanged to 0.40 share of the holding company. One Jidosha Buhin Kogyo share can be exchanged to one share of the holding company. The three companies will delist from the stock exchange, effective September 26, 2013. The holding company will list its stock on the stock exchange effective October 1, 2013.
Jidosha Buhin Kogyo Co Ltd, TDF Corporation and I Metal Technology Co Ltd to Establish Holding Company
Jidosha Buhin Kogyo Co Ltd, TDF Corporation and I Metal Technology Co Ltd announced that they have decided to establish a holding company, effective October 1, 2013. Jidosha Buhin Kogyo Co Ltd, TDF Corporation and I Metal Technology Co Ltd will become wholly owned subsidiaries of the holding company through stock swap. One I Metal Technology share can be exchange to 0.34 share of the holding company. One TDF Corporation share can be exchanged to 0.40 share of the holding company. One Jidosha Buhin Kogyo share can be exchanged to one share of the holding company. The three companies will delist from the stock exchange, effective September 26, 2013. The holding company will list its stock on the stock exchange effective October 1, 2013.
Jidosha Buhin Kogyo Co Ltd, TDF Corporation and I Metal Technology Co Ltd to Establish Holding Company
Jidosha Buhin Kogyo Co Ltd, TDF Corporation and I Metal Technology Co Ltd announced that they have decided to establish a holding company, effective October 1, 2013. Jidosha Buhin Kogyo Co Ltd, TDF Corporation and I Metal Technology Co Ltd will become wholly owned subsidiaries of the holding company through stock swap. One I Metal Technology share can be exchange to 0.34 share of the holding company. One TDF Corporation share can be exchanged to 0.40 share of the holding company. One Jidosha Buhin Kogyo share can be exchanged to one share of the holding company. The three companies will delist from the stock exchange, effective September 26, 2013. The holding company will list its stock on the stock exchange effective October 1, 2013.
U-Shin Ltd Announces Update on Acquisition of Business from Valeo SA
U-Shin Ltd announced that it has changed the date for acquisition of business from Valeo SA, from March 29, 2013 to an undetermined date.
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Sector Summary
| Energy |  -0.39% |
| Basic Materials | -0.25% |
| Industrials |  +0.03% |
| Cyclical Goods & Services | +0.06% |
| Non-Cyclical Goods & Services | +0.69% |
| Financials | -0.07% |
| Healthcare | +0.03% |
| Technology | -0.06% |
| Telecoms | -0.14% |
| Utilities | -0.23% |
| DOW | 15,303.10 | +8.60 |
+0.06% |
| S&P 500 | 1,649.60 | -0.91 |
-0.06% |
| NASDAQ | 3,459.14 | -0.27 |
-0.01% |
| TR US Index | 149.51 | -0.14 |
-0.09% |
Analyst Research
| Report Title | Price |
|---|---|
|
Provider: Edison Investment Research
|
$10.00
|
|
Provider: Thomson Reuters StreetEvents
|
$39.00
|
|
Provider: Zacks Investment Research Inc.
|
$10.00
|
|
Provider: Auerbach Grayson & Co., Inc.
|
$25.00
|
|
Provider: John Keells Stock Brokers (Pvt) Limited
|
$10.00
|
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