DALLAS, May 24, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Visteon Corp. (Pink Sheets:VSTNQ). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/ads/VSTNQ
Visteon Corp. (VSTNQ) is a global supplier of climate, interiors and electronics systems, modules and components to automotive original equipment manufacturers (OEMs) worldwide. The Company's operations are organized in global product groups, including Climate, Electronics and Interiors. The Climate product group includes facilities that primarily manufacture climate air handling modules, powertrain cooling modules, heat exchangers, compressors, fluid transport and engine induction systems. The Electronics product group includes facilities that primarily manufacture audio systems, infotainment systems, driver information systems, powertrain and feature control modules, climate controls, electronic control modules and lighting. The Interior product group includes facilities that primarily manufacture cockpit modules, instrument panels, door and console modules and interior trim components. In May 2009, VSTNQ and certain of its U.S. subsidiaries filed voluntary petitions for reorganization relief under chapter 11 of the U.S. Bankruptcy Code . The petitions were filed in the U.S. Bankruptcy Court for the District of Delaware.
Message Board Search for VSTNQ: http://www.boardcentral.com/boards/VSTNQ
In the report, the analyst notes:
"VSTNQ shares jumped Friday after Johnson Controls expressed interest in acquiring the Company's interiors and electronics businesses. Johnson Controls, which builds car interiors, batteries and other component, offered $1.25 billion in cash for the businesses, saying the acquisition would expand its presence in China.
"Responding to the unsolicited proposal, VSTNQ stated that the bid remained 'highly conditional and vaguely defined,' and added that Johnson Controls is a direct competitor that stands to benefit by introducing delay and complexity into the VSTNQ reorganization process."
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