Mando of South Korea is considering the purchase of the 70 percent of Halla Climate Control currently owned by the American autoparts company Visteon Corporation (NYSE:VC). Analysts such as Lee Hyung Sil at Shinyoung Securities are dubious, remarking that Mando does not “have the means.” Visteon unsuccessfully attempted last month to buy the remaining 30 percent in Halla, which has a market cap of $2.3 billion.
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AMR Corporation (AAMRQ.PK) is currently in discussions so as to obtain between $1 billion and $2 billion in equity financing from a group of distressed debt funds which includes JPMorgan Securities (NYSE:JPM), that holds more than $600 million in the carrier’s bonds. The proceeds would help AMR to both get out of bankruptcy protection and also place it in a stronger position while it negotiates a potential linkup with US Airways Group, Inc. (NYSE:LCC).
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