USA: Ford Motor Company Sets Final Timing and Terms for Visteon Distribution
Ford Motor Company (NYSE: F) announced today that it will distribute 0.130933 shares of Visteon Corporation (NYSE: VC) for every share of Ford common or Class B stock held on June 12. Stated another way, shareholders will receive one share of Visteon for approximately every 7.637478 shares of Ford common or Class B stock held on June 12. This distribution, which will be made on June 28, represents Ford's 100 percent stake in Visteon.
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