Delphi to buy connector manufacturer FCI

May 25, 2012 | 02:46 PM | Corinna Petry

Tags  Delphi Automotive, FCI Group, safety connectors, hybrid, electric, Rodney O'Neal, acquisition, Corinna Petry

CHICAGO — Delphi Automotive has made a binding offer to acquire the motorized vehicles division of FCI Group, which makes connection systems, for €765 million ($972 million) on a cash and debt-free basis.

The automotive supplier said it hopes to close the deal by the end of the year, subject to shareholder and regulatory approvals.....

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