US: Valeo chief confirms interest in Visteon

摘要

THIERRY Morin, chief executive officer of French supplier Valeo, has not ruled out making an offer for US components company Visteon, according to the Detroit Free Press. The report noted that he is also remaining open to bidding for portions of bankrupt rival Delphi. Some traders were quoted as saying that Valeo's interest in Visteon was behind a sharp drop in the price of insuring Visteon debt. Traders in the US and Europe stated that Visteon credit default swaps narrowed by 40 basis points.