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Magna International Inc (MG.TO)

MG.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Magna International Inc gives FY 2016 revenue guidance in line with analysts' estimates
Wednesday, 13 Jan 2016 07:00am EST 

Magna International Inc:Expects FY 2016 total sales of $34.6 billion - $36.3 billion.FY 2016 revenue of $35.3 billion - Thomson Reuters I/B/E/S.  Full Article

Magna International Inc forms seating Joint Venture in China
Wednesday, 25 Nov 2015 04:53pm EST 

Magna International Inc:Forms seating joint venture in China.Co and Chongqing hongli zhixin automotive parts manufacture co., ltd. announced signing of a 50/50 joint-venture.Says joint-venture to provide seating systems and seating components to changan Ford and other customers in China.  Full Article

Magna International Inc announces senior notes offering
Tuesday, 17 Nov 2015 05:01pm EST 

Magna International Inc:Entered into an underwriting agreement providing for the issuance of EUR550 million aggregate principal amount of its senior unsecured notes.Notes will bear interest at an annual rate of 1.900% and will mature on November 24, 2023.Net proceeds from the offering for general corporate purposes, including capital expenditures and the previously announced acquisition of the Getrag Group of Companies.  Full Article

Magna International Inc signs agreement to acquire Stadco
Friday, 2 Oct 2015 09:16am EDT 

Magna International Inc:Signs agreement to acquire Stadco Automotive Ltd.Financial details of the acquisition are not being disclosed.  Full Article

Magna International Inc announces senior notes offering
Wednesday, 16 Sep 2015 05:01pm EDT 

Magna International Inc:Entered into an underwriting agreement providing for the issuance of U.S.$650 million aggregate principal amount of its senior unsecured notes.Notes will bear interest at an annual rate of 4.150% and will mature on October 1, 2025.Offering is expected to close on September 23.Intends to use the net proceeds from the offering for general corporate purposes, including capital expenditures and the previously announced acquisition of the Getrag Group of Companies.  Full Article

Magna and Argus collaborate on cyber security solution
Tuesday, 15 Sep 2015 06:00am EDT 

Magna International Inc and Argus Cyber Security Ltd:Announces that they are partnering to deliver a robust solution to the automotive industry that addresses vehicle security concerns related to cyber attacks in the rapidly growing car connectivity market.  Full Article

Magna International Inc says closing of interiors transaction with Grupo Antolin
Monday, 31 Aug 2015 12:08pm EDT 

Magna International Inc:Says completes sale of substantially all of its interiors operations to Grupo Antolin.Says completed sale transaction does not include two joint ventures in China, which are expected to close before the end of the year, pending regulatory approvals.  Full Article

Magna International Inc declares dividend
Friday, 7 Aug 2015 05:01am EDT 

Magna International Inc:Declared quarterly dividend of $0.22 with respect to our outstanding common shares for quarter ended June 30.Dividend is payable on Sept. 11 to shareholders of record on Aug. 28.  Full Article

Magna International Inc gives FY 2015 revenue outlook
Friday, 7 Aug 2015 05:00am EDT 

Magna International Inc:Expects FY 2015 total sales in the range of $30.9 - $32.6 billion.  Full Article

Magna International Inc enters into agreement to acquire Getrag
Thursday, 16 Jul 2015 07:00am EDT 

Magna International Inc:Enters into agreement to acquire Getrag.Price represents an enterprise value of about 2.45 bln Euros less proportionate net debt and proportionate pension liabilities.Says purchase price for 100% of the equity of Getrag is about 1.75 bln Euros.  Full Article

BRIEF-Magna recommends rejection of "mini-tender" offer

* Received notice of an unsolicited "mini-tender" offer made by TRC Capital Corporation