Fly News Breaks for January 9, 2020
Jan 9, 2020 | 08:41 EDT
Benchmark analyst Michael Ward initiated coverage of Magna with a Buy rating and $68 price target citing its leading competitive position in most of its key product offerings and a diverse customer base. He also sees Magna being positioned to benefit from developing market technologies.
News For MGA From the Last 2 Days
Aug 5, 2021 | 13:13 EDT
Veoneer (VNE) confirmed that it has received a non-binding proposal from Qualcomm (QCOM) to acquire all of the outstanding shares of Veoneer at a price of $37.00 per share in cash. Veoneer said its board "will evaluate the proposal from Qualcomm consistent with its legal duties and the terms of the Magna merger agreement." On July 22, Veoneer announced that it entered into a definitive merger agreement, approved by Veoneer's board, with Magna International (MGA). "The merger agreement remains in place," the company said.