Magna International, Inc. (MGA) News

Magna International, Inc. (MGA): $81.73

0.80 (+0.99%)

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MGA News Highlights

  • 500 - Internal server error
  • Over the past 29 days, the trend for MGA's stories per day has been choppy and unclear. It has oscillated between 1 and 15.
  • AG, VNE and LAW are the most mentioned tickers in articles about MGA.

Latest MGA News From Around the Web

Below are the latest news stories about Magna International Inc that investors may wish to consider to help them evaluate MGA as an investment opportunity.

Magna Buys Veoneer: How This Impacts Your Returns

Chalffy/E+ via Getty Images When we last covered Magna International (MGA) we took the unpopular stance that the valuation was too stretched for great returns. Specifically we said, MGA now trades at a peak price to sales multiple and usually, there is little room for disappointment at these levels. We...

Trapping Value on Seeking Alpha | July 25, 2021

Magna to Fortify ADAS Platform with Veoneer Buyout

Magna International, Inc. (MGA) has inked an all-cash deal to acquire automotive safety technology provider Veoneer, Inc. (VNE) for a total consideration of $3.8 billion. The deal is expected to conclude by the end of this year. The acquisition is likely to boost Magna’s advanced driver assistance systems (ADAS) customer base and expand its reach to new markets such as Asia. Veoneer’s restraint control systems will enrich Magna’s ADAS business. The acquisition of Veoneer is expected to generate around $100 million in annual run-rate synergies by 2024. Furthermore, Magna’s balance sheet is also expected to improve, following the closure of the deal.

Chandrima Sanyal on TipRanks | July 23, 2021

Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday

We're gearing up for one final day of trading this week with a breakdown of the biggest pre-market stock movers for Friday!

William White on InvestorPlace | July 23, 2021

VNE Stock: 5 Things to Know About Veoneer as Shares Ride Higher Today

Shares of VNE stock are soaring on Friday after Veoneer announced that it was being acquired by Magna International.

Nick Clarkson on InvestorPlace | July 23, 2021

SHAREHOLDER ALERT: WeissLaw LLP Investigates Veoneer, Inc.

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Veoneer, Inc. ("Veoneer" or the "Company") (NYSE: VNE) in connection with the Company's proposed acquisition by Magna International Inc. ("Magna") (NYSE: MGA). Under the terms of the merger agreement, the Company's shareholders will receive $31.25 per share in cash for each share of Veoneer common stock that they hold. The transaction is valued at approximately $3.3 billion.

Yahoo | July 23, 2021

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Veoneer, Inc. Buyout

WILMINGTON, Del., July 23, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. announces that it is investigating Veoneer, Inc. (“Veoneer”) (NYSE: VNE) regarding possible breaches of fiduciary duties and other violations of law related to Veoneer’s agreement to be acquired by Magna International Inc. (NYSE: MGA). Under the terms of the agreement, Veoneer’s shareholders will receive $31.25 in cash per share. To learn more about this investigation and your rights, visit:

Yahoo | July 23, 2021

Magna Buys Driver-Assist Supplier Veoneer for $3.8 Billion

(Bloomberg) -- Magna International Inc. will acquire Veoneer Inc. for $3.8 billion in cash, bolstering its business supplying advanced driver-assistance systems to automakers.The Canadian company’s $31.25-a-share offer represents a 57% premium to Veoneer’s closing price on Thursday. The transaction is expected to close toward the end of this year, according to a statement.Veoneer shares rose slightly above the takeover price Friday morning before paring gains to trade at $31.20 at 3:06 p.m. in N

Yahoo | July 23, 2021

VEONEER ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of VNE and Encourages Investors to Contact the Firm

NEW YORK, July 23, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Veoneer, Inc. (NYSE: VNE) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Magna International Inc. (NYSE: MGA). Click here to learn more and participate in the action. On July 22, 2021, Veoneer announced that it had entered into a

Yahoo | July 23, 2021

Why Veoneer Stock Soared 56% Today

For fiscal Q2, Veoneer reported an $0.89 per share loss on sales of $398 million -- two cents better profits than analysts had forecast, but revenue nearly 2% shy of consensus estimates. Magna's bid for Veoneer comes to $31.25 per outstanding share, or $3.3 billion total, payable in cash. Magna will also assume about $500 million in Veoneer's debt, raising the total value of the transaction to the aforementioned $3.8 billion.

Yahoo | July 23, 2021

Are Investors Undervaluing Magna (MGA) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Yahoo | July 23, 2021

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