Hungary watchdog approves Linamar buyout bid


BUDAPEST, March 26 (Reuters) - Hungary's financial services authority PSZAF approved on Monday Canadian car and truck parts maker Linamar's public purchase bid for its Hungarian unit, opening the way for the firm's eventual delisting. The firm, which now controls close to 68 percent of Linamar Hungary , launched a bid for all shares outstanding in the firm at an average price of 3,003 forints ($16.24) per share on Feb. 27, valuing it at 25.8 billion forints. Linamar Hungary's board and ...

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