Delphi in $1 bn bid for French auto firm
Delphi, the giant automotive supplier that was once part of General Motors, has offered just under $1 billion for the major piece of a French company that makes electronic connectors.Delphi said late Thursday it was close to completing a deal to buy the motorized vehicles division of connectors maker FCI for $972 million."This transaction will solidify Delphi's position as one of the premier global automotive suppliers and will create significant shareholder value," said Rodney O'Neal, chief executive and president of Delphi.
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