We advised Aptiv on the ASR transactions

Davis Polk advised Aptiv PLC in connection with accelerated share repurchase transactions it entered into pursuant to which Aptiv is repurchasing an aggregate of $3 billion of its ordinary shares. The total number of shares to be repurchased under the transactions will be based generally upon the volume-weighted average share price of Aptiv’s common stock during the term of the transactions, minus a discount. The final settlements of the transactions are expected to occur no later than the second quarter of 2025.

Aptiv is a global technology company that develops safer, greener and more connected solutions enabling a more sustainable future of mobility.

The Davis Polk equity derivatives team included partner Caitlin L. Wood and associate Jonathan Schlecht. The capital markets team included partners Michael Kaplan and Roshni Banker Cariello and associates Dennis Chu and Jee Young Kim. The tax team included partner Aliza Slansky and associates Ted Lee and David J. Beer. All members of the Davis Polk team are based in the New York office.

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