1. Calsonic Kansei to buy Magneti Marelli for $7.1 billion
Japan's Calsonic Kansei Corp. has agreed to buy high-tech auto-parts business Magneti Marelli from Fiat Chrysler for $7.1 billion, the companies said Monday. Calsonic Kansei is owned by U.S. private-equity firm KKR & Co., which bought it last year from Nissan. Once the deal closes, probably in the first half of 2019, Calsonic Kansei will be renamed Magneti Marelli Holdings. Calsonic Kansei CEO Beda Bolzenius will lead the company. Magneti Marelli CEO Ermanno Ferrari will join the board. The combined company will be the world's seventh largest auto parts supplier, Fiat Chrysler said. The sale is the first major deal for Fiat Chrysler since CEO Mike Manley took over in July after longtime leader Sergio Marchionne fell ill and later died.
2. Halloween debuts at No. 1
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