UPDATE 2-Magna to buy Donnelly in $320 million stock deal

Newswire

(All figures U.S. unless noted, adds share price) 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. In New York, Magna shares were up 89 cents, or 1.3 percent, to $67.40 a share, while Donnelly rose $7.02, or 34 percent, to $27.25 a share after the deal was announced. Magna shares rose 83 Canadian cents, or 0.8 ...

Premium Content (PAID Subscription Required)

"UPDATE 2-Magna to buy Donnelly in $320 million stock deal" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×