Fiat Chrysler parts firm Magneti Marelli sold for $7.1B
23 Octobre, 2018, 04:38 | Auteur: Auguste Feret
A screen displays the ticker information for Fiat Chrysler Automobiles NV at the post where it's traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 12, 2016.
On Monday, the automaker announced that it has cut a deal to sell the its Magneti Marelli auto parts division for $7.2 billion.
FCA CEO Mike Manley said Magneti Marelli would remain one of Fiat Chrysler's most important business partners. Magneti Marelli specializes in lighting, powertrains, and high-tech electronics.
The spinoff of Magneti Marelli had been long planned, as part of late CEO Sergio Marchionne's strategy to unlock shareholder value. Calsonic initially made a bid of $6.7 billion, according to the report.
Neither FCA nor Fiat's founding Agnelli family will have a stake in Magneti Marelli CK Holdings, but FCA plans for a multi-year agreement to secure various supplies for its automaking business and to maintain operations in Italy.
FCA also preferred the Calsonic offer to a pure private equity bidder because it limits the risk of the unit being broken up, sources have said. The funds could also be used for a promised dividend payout and a share buyback, the Reuters report said. Magneti Marelli employes 43,000 people in 19 countries.
Timing is everything and Chrysler Fiat no doubt hopes to profit off that uncertainty by recentering the company's vision toward the auto world's technology-driven future.
JP Morgan and Goldman Sachs were financial advisers to FCA on the Magneti Marelli deal, which is expected to close in the first half of next year and is subject to regulatory approvals.
Reid signed with the Panthers last month after starting free safety Da'Norris Searcy was placed on injured reserve. Jenkins did not return fire and had nothing but praise for the social justice efforts of Reid and Kaepernick.
The news was met with fury by transgender activists, and a protest was held in New York's Washington Square on Sunday night. LGBTQ advocacy groups, including the Transgender Law Center, also blasted the idea.
The two sides began removing land mines around the JSA and a mountainous area inside the DMZ near Cheorwon, Gangwon Province. Vincent Brooks as commander of the UNC, noted the efforts to demilitarize the border region are subject to UNC approval.
He is expected to be able to play when the Cowboys return from their bye week to face the Tennessee Titans on November 5. Next year he'll be under the fifth-year option, which will cost the Cowboys $13 million.
They do not call 911, believing that it might be a nearby property owner concerned about wildlife in their rural county. Anyone who sees her or anything suspicious is asked to call 911 or the Barron County Sheriff's Office at 715-537-3106.
That includes pregnant women, young children, the elderly, and people with underlying health conditions and their caregivers. He added this year the province was providing the product, Fluzone High Dose, for long-term care residents 65 and older.
When she spoke up in her Jamaican accent, he replied, "Don't talk to me in a f**king foreign language, you stupid, ugly cow". Lawrence told ITV the man abused both the woman and her daughter, but flight attendants failed to eject him from the flight.
United Kingdom hospitality company Whitbread has added a new budget brand to its hotel portfolio: Zip by Premier Inn. The move brings Whitbread's hotel brands to three, the other two being Premier Inn and Hub by Premier Inn .
Across the entire Labrador population, the most common health conditions found were obesity, ear infections and joint conditions. Almost 9 percent of the Labradors in the study were overweight or obese, one of the highest percentages among dog breeds.
Two U.S. defense officials told CNN that several Chinese warships followed the Yokosuka-based 7th Fleet ships at a safe distance. The U.S. continues to sell military weapons to the island nation even though it does not have diplomatic relations with Taiwan.
Les tarifs bientôt réglementés — Covoiturage
Le Parisien dévoile, en avant-première, les principales mesures de ce projet de loi dans son édition du lundi 22 octobre . Selon ce principe, le montant demandé par le conducteur doit diminuer si le nombre de passagers augmente.
Steve Wilks: "We're Not Trading Patrick" Peterson
Wilks added he wanted to talk to Peterson later Monday. "He hasn't spoken to me about it at all and had a pretty good practice". Peterson is in the midst of a five-year, $70 million contract and won't become an unrestricted free agent until 2021.
Broncos Listening To Trade Offers For Demaryius Thomas
It doesn't appear any trade is imminent, but Denver "hasn't rebuffed" teams who have called inquiring about Thomas, per Schefter. Past year was the first full season in Thomas' career with the Broncos he didn't eclipse 1,000 yards receiving.