Valeo Ends the Process of Examining the Indications of Interest From Investment Funds.
PR Newswire Europe, July, 2007
PARIS, July 2 /PRNewswire/ -- In line with the timetable given in its press release of 15 May 2007, Valeo (OTC: VLEEY) indicates that the process of examining the indications of interest received from investment funds has been completed without an acceptable offer being made within the defined timeframe.
In line with the wishes of its shareholders, as widely expressed during the Annual General Shareholders' Meeting of 21 May, Valeo will concentrate on its strategy of value creation. This strategy is based on innovation and the focusing of the product portfolio on the three Domains of Driving Assistance, Powertrain Efficiency and Comfort Enhancement through targeted divestitures and acquisitions.
Valeo has objectives for 2010 of a 6% operating...
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