The success of the splits for Tesla and Apple could lead CEOs of other companies with high-priced stocks to consider their own splits. Tesla’s stock has surged more than 70 percent since its split was announced on Aug. 11.
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Private equity firm Grouper plans to acquire all of Shiloh’s assets in a bankruptcy court sales process for about $218 million in cash. GM is the supplier’s largest customer, generating 17.4 percent of its revenue last year.