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Fly News Breaks for September 14, 2017
ALV
Sep 14, 2017 | 11:10 EDT
After Autoliv announced updated targets and a plan to spin off its Electronics business, Deutsche Bank analyst Rod Lache questioned whether the well-received spinoff news is actually a positive. While he respects the company's desire to generate value with its Electronics assets, and believes a sale makes more sense, he raises questions about if spinning or selling this business is really in the company's long term best interest. He also believes the Electronics business may have a number of competitive disadvantages and that their Active Safety wins continue to trail many peers. Lache keeps a Hold rating on Autoliv shares and raised his price target on the stock to $120 from $101.
News For ALV From the Last 2 Days
ALV
Mar 28, 2024 | 06:17 EDT
Autoliv announced that as of March 28, 2024, the total number of issued shares of common stock is 86,126,221 of which 81,373,679 shares are outstanding. Autoliv retired 1,370,057 shares of common stock that had been repurchased during the quarter which resulted in a decrease in the issued shares. The Company now has a total of 86,126,221 issued shares of common stock of which 81,373,679 shares are outstanding. Each share of outstanding common stock is entitled to one vote. After the retirement of the repurchased shares, Autoliv holds 4,752,542 shares of common stock in treasury which have no voting rights or rights to participate in distributions under Delaware law.