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DJ MARKET TALK: M Stanley Downbeat On Valeo-Visteon Linkup
09/25/06 - Dow Jones Newswires
0838 GMT [Dow Jones] Valeo (13033.FR) edging higher on talk that it's backing away from an alliance with Visteon (VC). Valeo spokesman won't comment on speculation, but notes that "many European suppliers are talking to the Americans these days." Meanwhile, Morgan Stanley says Valeo-Visteon merger "appears dilutive at or above the current Visteon share price on 07 earnings and 08 EPS accretion is reliant on a 37% rise in Visteon profits." Valeo +0.5% at EUR27.93. (DGP)
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(END) Dow Jones Newswires
September 25, 2006 04:38 ET (08:38 GMT)
Copyright (c) 2006 Dow Jones & Company, Inc.
| Latest actions | previous | next | |
|---|---|---|
| 07/05/06 | Valeo "buy," target price reduced | Merrill Lynch |
| 04/24/06 | Valeo "buy," estimates revised | Merrill Lynch |
| 03/27/06 | Valeo upgraded to "buy" | Merrill Lynch |
| more ... | ||