Courtesy of Benzinga.
The following are the M&A deals, rumors and chatter circulating on Wall Street for Tuesday November 25, 2014:
Visteon Confirms Discussions with Hahn & Co. Regarding Potential Sale of Halla Visteon Climate Control Corp Stake
The Talks:
Visteon Corporation (NYSE: VC) confirmed Tuesday, it is currently engaged in discussions with Korea’s Hahn & Company regarding a potential sale of Visteon’s ownership interest in Halla Visteon Climate Control Corp.
to the private equity firm. Reuters reported on Sunday, that Visteon was preparing to sell its 69.99% stake in Halla Visteon in a deal said to be valued at approximately $3.6 billion, according to a source.
Visteon Corporation closed Tuesday at $98.36, a loss of 1%.
Carlyle Group to Acquire Stake in South Africa’s Tiger Wheel & Tyre
The Rumor:
U.S. private equity firm The Carlyle Group LP (NASDAQ: CG) is preparing to take a stake in South Africa’s Tiger Wheel & Tyre, according to Reuter. The deal values the tyre dealer at approximately $158 million, according to a source.
Carlyle Group shares lost $0.23 Tuesday, to close at $129.23.
Papa John’s acquires Pizza Corner stores in South India
The Deal:
Papa John’s International, Inc. (NASDAQ: PZZA), Avan Projects and Global Franchise Architects announced Monday, the acquisition of Pizza Corner stores in South India. Papa John’s will convert the existing Pizza Corner stores to Papa John’s branded restaurants through Q1 2015. Papa John’s confirms its commitment to expand its presence in India, specifically in Bangalore, Chennai and Hyderabad.
GFA brands’ Pizza Corner, is the third largest pizza chain in Southern India. The minimum of 40 store conversions will begin in late 2014 and continuing into 2015.
Papa John’s closed Tuesday at $52.17, a gain of 2.5%.
