UPDATE 1-Magna to take charge linked to Decoma, tax hike

Newswire

(Adds details. In U.S. dollars unless noted) TORONTO, Dec 19 (Reuters) - Magna International said on Friday it will take a fourth-quarter charge related to a restructuring at a subsidiary and the effect of higher corporate taxes in Ontario. The Canadian auto-parts supplier will notch a 28-cent per share charge in the fourth quarter. Eighteen cents of that relates to write-downs at subsidiary Decoma International's European operations, which will result in a $23 million hit. Earlier ...

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