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BULLETIN:Delphi Automotive Systems to Acquire Eaton's Vehicle Switch/Electronics Division
Standard & Poors, March 2001
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
Corporate credit rating: BBB/Stable/- Delphi Automotive Systems today announced that it is acquiring Eaton Corp.'s Vehicle Switch/Electronics Division for $300 million. The announcement has no impact on the company's outlook or ratings, which had incorporated some room for strategic acquisitions. Delphi expects this acquisition to be financially accretive in the first full year of ownership and to enhance its growth opportunities in the global switch market and increase its customer diversification. It expects to complete the transaction at the end of the first quarter....
Companies mentioned in this report are: Delphi Automotive LLP
Action: S&P Event
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