US: Visteon wary of approach from Johnson Controls

Visteon has responded cautiously to an expression of interest from Johnson Controls relating to its interiors and electronics businesses. Johnson Controls has revealed that it recently sent a letter to Visteon expressing interest in acquiring the bankrupt supplier's businesses and is offering US$1.25bn in cash for them, subject to due It’s time to log in … Continued

• By Webmaster
• May 24, 2010