DETROIT – Shareholders of Tesma International Inc. will not vote Wednesday on a proposed merger with Magna Steyr Group. In a joint statement released today, the companies say they “have agreed not to proceed at this time.” The reason: Magna Steyr’s possible acquisition of DaimlerChrysler’s Eurostar facility in Graz, Austria. Magna Steyr says it has begun negotiations with DaimlerChrysler with a view to acquire the plant where the Chrysler Voyager minivan and PT Cruiser are assembled ...
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