Stoneridge Announces Second MirrorEye® Award with Commercial Vehicle OEM

NOVI, Mich. — Sept. 18, 2019 — Stoneridge, Inc. (NYSE: SRI) today announced its second MirrorEye® Camera Monitor System (CMS) award with a commercial vehicle OEM. The award represents an estimated $10 million in peak annual revenue based on forecasted production levels and an assumed penetration rate of the...

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Stoneridge Initiates $50 Million Accelerated Share Repurchase

NOVI, Mich. — May 7, 2019 — Stoneridge, Inc. (NYSE: SRI), a leader in highly engineered electrical and electronic components for the commercial vehicle and automotive industry, announced today that it has entered into an accelerated share repurchase agreement with Citibank N.A. to repurchase an aggregate of $50 million...

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Stoneridge Announces Divestiture of Non-core Switches and Connectors Product Lines to Standard Motor Products

Transaction Summary Stoneridge, Inc., (the “Company”) has sold product lines and assets related to certain non-core switches and connectors (the “Business”) to Standard Motor Products, Inc., for approximately $40 million, subject to a post-closing inventory adjustment. Stoneridge will retain and recognize approximately $5 million in value related to retained...

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