Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Iochpe-Maxion Advances as Hayes Lemmerz Acquisition Approved

Iochpe-Maxion SA, a Brazilian auto-parts maker, jumped to a one-year high as the U.S. Federal Trade Commission approved its purchase of Hayes Lemmerz International Inc.

Shares rose 5.1 percent to 24.69 reais at the close of Sao Paulo trading, making it the best performer on the BM&FBovespa Small Cap index, which was little changed at 1,207.30.

Iochpe-Maxion said in a regulatory filing on Oct. 5 it agreed to acquire the U.S.-based rival for $702 million plus the assumption of $23 million in debt. The purchase was approved by U.S. antitrust regulators, the company said in a filing today.

“We were expecting the deal to be approved in the first half of 2012,” Banco J. Safra analysts Cassio Lucin and Caroline Dalago wrote in a note to clients. “As a result, we should see a stronger 2012 first quarter.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.