Suzuki Plans $1.8 Billion Bond Sale, Cancels Most VW Shares

Updated on
  • Convertible bond sale to help fund first India factory
  • Third Point's Loeb urged Suzuki to cancel stock bought from VW

Suzuki Motor Corp. plans to sell 200 billion yen ($1.8 billion) of convertible bonds and cancel most of the stock it bought back from Volkswagen AG last year, as the Japanese automaker expands in India following a failed alliance.

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