|Bid||17.65 x 1100|
|Ask||18.55 x 1800|
|Day's Range||17.44 - 17.81|
|52 Week Range||16.37 - 6,980.00|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||26.58|
During the event, GM recognized 133 of its best suppliers from 15 countries that have consistently exceeded GM's expectations, created outstanding value or introduced innovations to the company. While this is the first time Veoneer has received the award, Veoneer is built on close to 70 years of developing safety systems within Autoliv, a pioneer in automotive safety. "We hold our suppliers to a high bar," said Steve Kiefer, GM senior vice president, Global Purchasing and Supply Chain.
STOCKHOLM, May 23, 2019 /PRNewswire/ -- Veoneer, Inc. (NYSE: VNE and SSE: VNE SDB), a pure-play company focused on Advanced Driver Assistance Systems (ADAS) and Automated Driving (AD), announced today the pricing of its concurrent underwritten public offerings of 24 million shares of common stock at a public offering price of $17.50 per share and $180 million aggregate principal amount of its 4.00% convertible senior notes due 2024. This includes (i) expected gross proceeds of $420 million from the common stock offering, or $483 million if the underwriters exercise their overallotment option in full, reflecting an increase from the initially announced offering size for the common stock offering of $350 million (with an initially announced overallotment option size of $52.5 million) and (ii) expected gross proceeds of $180 million from the convertible notes offering, or $207 million if the underwriters exercise their overallotment option in full, reflecting an increase from the initially announced offering size for the convertible notes offering of $150 million (with an initially announced overallotment option size of $22.5 million).
A weak car market and high research, development and engineering costs have led to slower sales and larger-than-expected losses for the maker of radars, vision systems and advanced driver assistance and autonomous drive software. In spite of a $19 billion order book, the auto industry's long lead-times before sales are completed have forced the company to raise fresh capital. The company, which supplies Daimler, Volkswagen, Ford and Honda among others, will offer $350 million worth of common shares and $150 million of convertible senior notes maturing in 2024, it said in a statement late on Monday.
Swedish auto tech company Veoneer said on Monday it intends to raise cash for working capital through an offering of its common stock and convertible senior notes. The company plans concurrent offerings of $350 million of shares of common stock and $150 million aggregate principal amount of convertible senior notes due 2024, it said in a statement. The electronic car products maker said in April that it would seek up to $500 million in new capital to help it cope with a downturn in the vehicle market and fund new product development.
STOCKHOLM, May 21, 2019 /PRNewswire/ -- Veoneer, Inc. (VNE) and (SSE:VNE SDB), a pure-play company focused on Advanced Driver Assistance Systems (ADAS) and Automated Driving (AD), announced today that it intends to commence concurrent offerings of $350 million of shares of common stock and $150 million aggregate principal amount of convertible senior notes due 2024. Neither offering is contingent on the completion of the other offering. No public offer is made in Sweden or elsewhere in the European Economic Area and any offer made will be exclusively to qualified investors. Veoneer also intends to grant the underwriters of the common stock offering a 30-day option to purchase up to an additional $52.5 million of shares of common stock and to grant the underwriters of the notes offering a 30-day option to purchase up to an additional $22.5 million aggregate principal amount of notes.
Amid an overall market correction, many stocks that smart money investors were collectively bullish on tanked during the fourth quarter. Among them, Amazon and Netflix ranked among the top 30 picks and both lost more than 25%. Facebook, which was the second most popular stock, lost 20% amid uncertainty regarding the interest rates and tech […]
Sweden's Veoneer said on Monday it would seek up to $500 million in new capital to help the maker of electronic car products cope with a downturn in the vehicle market and fund new product development. Shares in the company, which makes radars, visions systems, advanced driver assistance software and autonomous drive software that will benefit from driverless vehicle development, had fallen by 14 percent in Stockholm and New York by 1423 GMT. The company's fund raising would dilute holdings of existing shareholders by up to 17.6 percent, based on its U.S.-listed market capitalisation of $2.34 billion at Friday's close.
STOCKHOLM , April 29, 2019 /PRNewswire/ -- Financial Summary - Q1'19 Consolidated Net Sales $494 million Net Sales growth (17)%, Organic Sales1 growth (12)% Active Safety Net Sales growth (10)%, Organic ...
In December 2018, Veoneer, Inc. (NYSE:VNE) released its most recent earnings announcement, which signalled company earnings became less negative compared to the previous year's level - great news for...
Sweden's Veoneer expects to gain from a commercial delay in self-driving cars, betting that rising demand for its radar and camera-based systems as the industry ramps up to autonomy will boost its market position. Forecasts on when autonomous vehicles will become a commercial reality have been receding, with most analysts now expecting broad-based adoption to take another decade as accidents in early testing have raised fresh concerns about regulation, technology and cost. Weak car markets, delayed 2020 targets and cash concerns also contributed to a 36 percent drop in Veoneer's stock over the past six months.