Visteon Corp. (VC) Wednesday announced a tender offer to purchase 32.0 million shares of Halla Climate Control Corp. (HCC) for an all cash transaction of 913 billion south Korean wons. Visteon will offer 28,500 south Korean wons per share, representing a premium of approximately 15 percent to HCC's share trading price on the Korean exchange on July 4.
Visteon currently holds a 70 percent ownership stake in HCC. The offer is conditioned on shareholders tendering a minimum of 26.7 million shares, for a total Visteon ownership of at least 95 percent.
The transaction will strengthen Visteon's climate business through a more efficient operating structure and demonstrates the company's commitment to a long-term, global presence in the automotive climate control sector.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.