|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||31.50 - 31.50|
|52-week range||30.10 - 39.54|
|Beta (5Y monthly)||1.73|
|PE ratio (TTM)||24.55|
|Forward dividend & yield||0.56 (1.77%)|
|Ex-dividend date||01 Oct 2021|
|1y target est||N/A|
"All activities which are below 1 billion euros are under scrutiny," he said, without saying how this would be calculated. Faurecia said it has bought 81.5% of Hella for a total price of 5.4 billion euros, but stopped buying shares at the end of February.
Olivier Durand will take over as group CFO effective from July, said the group, though he will continue to supervise activities at the group's Clarion Electronics branch. The Hella acquisition, which Faurecia sealed earlier this month, is set to make the combined group "Forvia" the world's seventh-biggest auto supplier. But hopes for cost savings from the acquisition were overshadowed on Monday when Faurecia posted disappointing guidance for 2022, weighed by lower car production.
Paul Singer, who leads activist fund Elliott, has increased his stake in German automotive lighting group Hella, which is being taken over by French car parts maker Faurecia, to more than 10%, according to filings. Faurecia earlier this weeks said it is not planning at this stage to make a new offer for minority shareholders in Hella after Singer's involvement was first made public. Faurecia, which won a takeover battle for Hella earlier this year, will own 79.5% Hella's shares after its takeover offer for outstanding shares ended on Nov. 11 - below the 90% threshold it would need to delist the company.