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Visteon Shirks $1.25B Bid From Johnson Controls

By Hilary Russ (May 21, 2010, 5:37 PM EDT) -- Automotive parts supplier Visteon Corp. has balked at an unsolicited $1.25 billion offer for its interiors and electronics businesses, saying the proposal from Johnson Controls Inc. is missing important information and that the bid could have been introduced to delay Visteon's Chapter 11 reorganization....

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