By: Benzinga
Visteon Announces Deal to Consolidate Worldwide Climate Operations Under 70%-Owned Affiliate Halla Climate Control
Visteon Corporation (NYSE: VC ) and its longtime Korean affiliate Halla Climate Control Corp. (HCC) today announced they have signed a definitive agreement to contribute most of Visteon's automotive climate business to HCC for a purchase price of $410 million in cash (KRW 436 billion), subject to certain adjustments. The transaction, first outlined in
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