Autoliv Prices $364 Million Equity Offering
Autoliv Inc. (ALV), the world's largest maker of seatbelts and
airbags, said Wednesday it has priced its upcoming equity offering
that should raise $364 million.
The Swedish-American company said it will sell 13.4 million
treasury shares of its common stock at a public offering price of
$16.00 per share and six million equity units for $25.00 per
Autoliv has also granted the underwriters an option to buy an
additional 1.34 million shares of common stock and up to an
additional 600,000 equity units.
Autoliv has suffered a drop in revenue in recent months as
carmakers in Europe and the U.S. have slashed production.
Company Web site: www.autoliv.com
-By Ola Kinnander, Dow Jones Newswires; +46-8-5451-3097;