UPDATE 1-Valeo bond may fund acquisitions, keeps year goals

Newswire

(Combines bond story with details from news conference) By Rebecca Harrison PARIS, July 25 (Reuters) - French car parts maker Valeo said on Friday it was launching a 350 million euro ($402.6 million) convertible bond that could help it fund acquisitions to boost its presence in the electronics industry. Chairman Thierry Morin also confirmed at a news conference that the firm -- which on Thursday posted rising first-half profit -- expected to boost its operating margin for the year from ...

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