Exide Technologies fka EXTC

[BaGr]

Neuberger Berman Group Llc Just Reported Giant Exide Technologies Stake
05/08/2015 BY OCTASTAFF IN SEC 13G & 13D FILINGS
Neuberger Berman Group Llc New Position in Exide Technologies

Neuberger Berman Group Llc has filled a SC 13G form regarding Exide Technologies . Per Neuberger Berman Group Llc’s filing, the filler now owns 23.9% of the company, holding 2,379,919 shares.

Exide Technologies is a newly disclosed equity position for this institutional investor and the filing was required due to activity on April30,2015. This most probably shows Neuberger Berman Group Llc’s confidence and optimism in the future of the company.
Company Profile

Exide Technologies is engaged in stored electrical energy solutions, and is a manufacturer and supplier of lead-acid batteries for transportation and industrial applications across the world. Exide operates in four business segments: Transportation Americas, Transportation Europe and ROW, Industrial Energy Americas, and Industrial Energy Europe and ROW. The Company’s transportation batteries include starting lighting and ignition (SLI) batteries for cars, trucks, off-road vehicles, agricultural and construction vehicles, motorcycles, recreational vehicles, marine and other applications including Micro-hybrids. The Company’s Industrial Energy segments supply both motive power and network power applications. Motive power batteries are used in the material handling industry for electric forklift trucks, and in other industries, including floor cleaning machinery, powered wheelchairs, railroad locomotives, mining, and the electric road vehicles market.

Form 13G is used when the filer owns between 5% and 20% of the company and plans to hold it only as a passive investor. If the filler intend to exert control and if the stake’s size exceeds 20%, then a 13D must be filed. Therefore, activist investors and practices such as: hostile takeovers, company breakups, and other “change of control” events, are not permitted by 13G filers.

Tagged: Exide Technologies



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