Delphi Prices IPO at $22/Share; Magna Acquires Castings Operations Thursday, November 17, 10:55 AM ET
Delphi Automotive (NYSE:
DLPH) will begin trading today on the New York Stock Exchange after pricing its initial public offering at $22 per share.
The price was at the low end of the expected range.
The auto parts maker will not actually receive any proceeds from the IPO, as all of the shares are being sold by the company's major shareholders.
Delphi was formerly part of General Motors (NYSE:
GM), was spun-off years ago, and like its former parent, eventually declared bankruptcy.
Delphi exited Chapter 11 in 2009.
Goldman Sachs (NYSE:
GS) and JPMorgan (NYSE: JPM) ran the initial public offering.
Also today, rival Magna International (NYSE:
MGA) said its Cosma International unit has agreed to acquire the operations of vacuum high-pressure aluminum die casting company BDW Technologies.
The acquisition expands Cosma's ability to deliver lightweight solutions for complex body-in-white structural and chassis components to customers, the company said.
For MarketNewsVideo.com, I'm Sayoko Murase.
Monday Sector Leaders: Computer Peripherals, Semiconductors
Related symbols: EXTR, JNPR, ENPH, VIMC
Monday Sector Laggards: Apparel Stores, Packaging & Containers
Related symbols: CTRN, PLCE, RKT, GPK
Friday Sector Leaders: Manufacturing, Drugs
Related symbols: ZHNE, XGTI, ACRX, GLYC
Monday's ETF with Unusual Volume: SPLV
Related symbols: SPLV, GE, KO, MSI, BBT
Monday's ETF Movers: IEZ, GDX
Related symbols: TTI, FANG, CDE, PAAS, GDX, IEZ
UWM, EWSS: Big ETF Outflows
Related symbols: UWM, EWSS, FLWS, FUBC
Daily Dividend Report: JNJ, HAL, AGN, APD, ADT, SPN, ZION, BRO
Related symbols: JNJ, HAL, AGN, APD, ADT, SPN, ZION, BRO
Daily Dividend Report: PEP, QCOM, MCD, TXN, BK, STX, ED, OMC, NRG, KBH
Related symbols: PEP, QCOM, MCD, TXN, BK, STX, ED, OMC, NRG, KBH
Daily Dividend Report: C, SLB, HPQ, COV, DFS, PPG, XRX, MAT, SJM, HLS
Related symbols: C, SLB, HPQ, COV, DFS, PPG, XRX, MAT, SJM, HLS
Weekly Market Wrap: July 18, 2014
Related symbols: AMD, BAC, ZNGA, GE, SLB, GLW, CAG, GS
Weekly Market Wrap: July 11, 2014
Related symbols: AAPL, BAC, FB, GE, MTG, OXY, TMO, CVS, COP, PSX, CSX
Weekly Market Wrap: July 3, 2014
Related symbols: BAC, WY, RAD, FB, PNC, AYI
Week Ahead Market Report: July 21, 2014
Related symbols: GE, PLUG, FB, BAC, CMCSA, CA, ETFC, DAL, AMZN, BIDU, AON
Week Ahead Market Report: July 14, 2014
Related symbols: AMD, BAC, AAPL, C, GS, BAC, AMD, GE
Week Ahead Market Report: July 7, 2014
Related symbols: AAPL, CBS, SIRI, AA, WDFC, FDO, FAST
All videos » |
Stock market definitions »
Delphi Prices IPO at $22/Share; Magna Acquires Castings Operations
| Market News Video | Copyright © 2008 - 2014, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.