Hahn & Co $3.6 billion acquisition of Halla Visteon Climate Control

Overview:

• Hahn & Company alongside Hankook Tire have acquired 70% of the outstanding shares of Halla Visteon Climate Control from Visteon Corporation.
• The value of the deal is $3.6 billion and cash returns of $2.5 billion-$2.75 billion is expected over the next 12 months via series of actions, including buybacks and special distributions.
• Visteon is now positioned as a pure-play vehicle cockpit electronics/connected car company that is well-capitalised and poised for growth. 

Katrin Kostadinova - Data analyst