Linamar Hungary offer falls short of delist target

Newswire

BUDAPEST, May 31 (Reuters) - Canadian car and truck parts maker Linamar Corp. said on Thursday it had raised its stake in its Hungarian unit to 71 percent in a public bid, below the 75 percent target it had sought to delist the firm. But it said it would proceed with the full acquisition of the unit. "The completion of our public purchase offer is the first step in the full acquisition of Linamar Hungary by the parent company," Linamar Corp. Chief Executive Linda Hasenfratz said in a ...

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