Canada's Linamar Corp. to buy out Hungarian unit

Newswire

BUDAPEST, Feb 26 (Reuters) - Trading in the shares of car and truck parts maker Linamar Hungary was suspended on the Budapest bourse on Monday after the firm said its parent, Linamar Corp would make a bid for its outstanding shares. Canada's Linamar Corp has held a majority stake in Linamar Hungary since 1992 and controls a 58.6 percent stake. The firm did not provide more detail about the impending buyout offer. Linamar shares traded up 4.55 percent at 3,240 forints ($16.85) prior to ...

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