Autoliv’s board approves completion of ‘Electronics’ business spin-off
Spin-off is scheduled to complete on 29 June
The board of directors of Autoliv has approved the completion of the spin-off of its Electronics business into an independent, public traded company called Veoneer, the Sweden-based company said in a press release on 24 May. The board also finalized the distribution ratio and record and distribution date for spin-off of Veoneer. The spin-off is scheduled to complete on 29 June. The trading of Veoneer is expected to begin on the New York Stock Exchange (NYSE) under symbol “VNE” and on Nasdaq Stockholm under the symbol “VNE SDB” on 2 July. Autoliv will continue to trade on NYSE under the ticker “ALV” and on Nasdaq Stockholm under the symbol “ALIV SDB”.
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