$MPG (Metaldyne Performance Group Inc.)

$MPG {{ '2016-09-06T08:09:38+0000' | timeago}} • Announcement

Metal components maker $MPG said it has acquired Brillion Iron Works, a unit of $ACW, effective Sept. 2, 2016. Brillion specializes in casting design and production of various ductile iron products. Terms of the transaction were not disclosed.

$LTXB {{ '2017-07-19T12:21:26+0000' | timeago}} • Announcement

$LTXB, the holding company for LegacyTexas Bank, declared a quarterly cash dividend of $0.15 per share, payable on Aug. 14, 2017, to stockholders of record as of the close of business on July 31, 2017.

$AXL {{ '2017-07-14T16:52:18+0000' | timeago}} • Announcement

$AXL appointed Michael Bly as VP Sales, Driveline. In this role, Bly will oversee all global commercial activities for $AXL's Driveline Business Unit. Bly joined the company in 2014, as President, American Axle & Manufacturing Europe.

$LCII {{ '2017-07-03T14:37:19+0000' | timeago}} • Announcement

Engineering firm $LCII said its Lippert Components units acquired Italy-based Metallarte and its subsidiary RV Doors, a manufacturer of driver-side doors. The $16.8MM purchase price was paid from available cash, borrowings under the company's $200MM line of credit and contingent consideration based on future sales.

$CAA {{ '2017-06-07T20:56:10+0000' | timeago}} • Announcement

$CAA also entered into an agreement with the selling stockholder to repurchase shares of its common stock directly from the selling stockholder in an aggregate amount of up to $100MM in a private, non-underwritten transaction. The company intends to fund the share repurchase from cash on hand.

$CAA {{ '2017-06-07T20:54:10+0000' | timeago}} • Announcement

$CAA announced the proposed public offering by MP CA Homes LLC, an affiliate of MatlinPatterson Global Advisers LLC, of 10MM shares of the aggregate 42.84MM shares of its common stock held by the selling stockholder.

$CAA {{ '2017-06-07T13:08:57+0000' | timeago}} • Announcement

$CAA priced its public offering of its senior notes and an increase in the amount of the offering to $350MM of the notes. The notes will pay interest semi-annually in arrears at a rate of 5% per year and will mature on June 15, 2027, unless earlier redeemed or repurchased. The closing of the notes offering is expected to occur on June 9, 2017.

$DLPH {{ '2017-06-07T12:39:42+0000' | timeago}} • Announcement

Transport firm Transdev and $DLPH entered into a partnership to develop a fully automated mobility-on-demand transport system. Delphi will integrate its CSLP platform into Transdev's mobility service vehicles. They will start collaborating on pilot programs in France, for the first driverless on-demand mobility service on open road in the EU.

$AXL {{ '2017-06-01T14:57:20+0000' | timeago}} • Announcement

$AXL has appointed Tolga Oal as SVP of AAM Corporate. He will continue to hold the post of President of AAM North America. Oal joined American Axle in September 2015 after serving TRW as Vice-President of Global Electronic. He has also held leadership positions in engineering, sales, purchasing, and finance at Siemens VDO Automotive/Continental.

$LCII {{ '2017-05-22T13:51:52+0000' | timeago}} • Announcement

$LCII's unit Lippert Components, Inc. acquired the business and certain assets of specialty furniture maker Lexington, LLC for $40MM. The purchase price was paid at closing from available cash and borrowings under LCI's $200MM line of credit. LCI expects the acquisition to be immediately accretive to its earnings.

$DAN {{ '2017-05-18T17:23:01+0000' | timeago}} • Announcement

$DAN will build a new 7,500 square-meter manufacturing facility in Chongqing, China. Scheduled to open in late 2018, the plant will produce drive units with integrated Spicer SmartConnect disconnecting all-wheel-drive technology as part of a global program for a major automaker. $DAN will invest about $13MM to build out the new operation.

$DAN {{ '2017-05-18T15:41:49+0000' | timeago}} • Announcement

$DAN said it will build a new 7,500 square-meter (80,000 square-foot) manufacturing facility in Chongqing, China. $DAN will invest about $13MM to build out the new operation, which will employ about 130 highly qualified associates when full production is reached in 2020.

$LCII {{ '2017-05-08T21:00:08+0000' | timeago}} • Announcement

$LCII's BoD approved a regular quarterly cash dividend of $0.50 per share of common stock. The dividend is payable on June 2, 2017, to stockholders of record at the close of business on May 19, 2017.

$AXL {{ '2017-05-05T15:21:07+0000' | timeago}} • Webcast

$AXL expects to incur $65-75MM of integration and acquisition-related costs in 2017. In terms of benefits, the company expects to be able to improve inventory and inventory turns which will generate cash. $AXL is also seeing immediate cash tax benefits on a global basis and expects some of these benefits to translate into cash savings.

$AXL {{ '2017-05-05T14:50:52+0000' | timeago}} • Webcast

$AXL has not added any revenue synergies into its plan. After the MPG acquisition, on a combined basis, the company is estimating in excess of $1Bil with respect to new and incremental business opportunities that it hopes to convert into backlog in the future.

$AXL {{ '2017-05-05T12:28:32+0000' | timeago}} • Announcement

In 1Q17, $AXL's content-per-vehicle was $1,630 as compared to $1,611 last year. Non-GM sales increased to a record $347.1MM during the period, as compared to $323.2MM in 1Q16.

$AXL {{ '2017-05-05T12:24:49+0000' | timeago}} • Announcement

For FY17, $AXL expects sales of approx $6.1Bil, which excludes MPG sales for the period between January 1, 2017 and April 5, 2017. Adjusted EBITDA margin is seen in the range of 17-18% of the sales, and full year capital spending is predicted to be approx 8% of the sales.

$AXL {{ '2017-05-05T12:20:07+0000' | timeago}} • Announcement

$AXL, a maker of automobile driveline and drivetrain components, posted 1Q17 net income of $78.4MM, or $0.99 per share, better than  $61.1MM, or $0.78 per share it posted last year. Excluding special costs, net income stood at $1.03 per share. Sales rose 8% to $1.05Bil.

$DLPH {{ '2017-05-03T18:56:59+0000' | timeago}} • Webcast

While $DLPH does not see new entrants or new players bidding on business, it expects FY17 bookings to be more than $26Bil booked last year.

$DLPH {{ '2017-05-03T18:54:45+0000' | timeago}} • Webcast

$DLPH expects to have a few joint programs won and announced in China by FY17 end. Delphi looks to focus on go-to-market partnerships for the same.

$DLPH {{ '2017-05-03T18:52:02+0000' | timeago}} • Webcast

Light duty diesel revenues are touted to go down 3% per year over the next couple years, through the forecast period of 2019, according to $DLPH as it announced its 1Q17 results.

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