VISTEON Moves to the NYSE - New symbol will be VC
Visteon to Trade on New York Stock Exchange under Symbol VC 01/07 08:30 AM
VAN BUREN TOWNSHIP, Mich., Jan. 7, 2011 /PRNewswire/ -- Visteon Corporation (VSTO:$72.15,00$0.80,001.12%) announced today that its common stock will begin trading on the New York Stock Exchange under the symbol "VC" on Jan. 10, 2011. Â
"Our listing on the world's most prominent stock exchange is a significant milestone for Visteon (VSTO:$72.15,00$0.80,001.12%) ," said Donald J. Stebbins, Visteon (VSTO:$72.15,00$0.80,001.12%) chairman, chief executive officer and president. "With our strong customer relationships, competitive cost structure, diverse product offering and global footprint, Visteon (VSTO:$72.15,00$0.80,001.12%) is well-positioned to deliver long-term shareholder value."
Visteon (VSTO:$72.15,00$0.80,001.12%) emerged from bankruptcy under Chapter 11 on Oct. 1, 2010, following a 16-month reorganization process during which the company restructured its capital structure, de-leveraging its balance sheet by more than $2 billion.
Visteon (VSTO:$72.15,00$0.80,001.12%) is a leading global automotive supplier that designs, engineers and manufactures innovative climate, electronic, interior and lighting products for vehicle manufacturers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Chelmsford, UK; the company has facilities in 26 countries and employs approximately 26,500 people. Learn more at www.visteon.com.
SOURCE Visteon Corporation (VSTO:$72.15,00$0.80,001.12%)
Get more news on:SYMBOLS: VSTONEWS TYPE: SECTORS: Automobiles, Auto Components, Consumer Discretionary
