UPDATE 1-Magna to buy Donnelly in $320 million stock deal

Newswire

(All figures U.S. adds details throughout) TORONTO, June 25 (Reuters) - Magna International Inc. , said on Tuesday it will buy Donnelly Corp. , a U.S.-based auto mirror maker, in a $320 million stock-and-debt deal, increasing its clout in the global autoparts industry. Magna, one of the biggest autoparts makers in the world, said in a release that it will pay a fraction of a share of Magna class A subordinate voting share valued at $28 per Donnelly share, worth up to $320 million, as ...

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