Visteon Rises After Accord to Sell Venture Stake: Mover
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Visteon Corp. shares rose the most in more than nine months after the auto-parts supplier said it will sell its stake in a Chinese venture for $1.25 billion to focus on its automotive climate-control and electronics units.
Shares of the Van Buren Township, Michigan-based company rose 6.7 percent to $73.61 at the close in New York, the biggest one-day increase since Nov. 1. The stock has gained 37 percent this year, compared with a 19 percent increase in the Russell 1000 Index.