News: Magna International Inc (MGA.N)

MGA.N on New York Stock Exchange

53.80USD
28 Jul 2015
Change (% chg)

$0.93 (+1.76%)
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$52.87
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Thu, Jul 16 2015

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Canadian auto parts maker Magna to buy Germany's Getrag for $1.9 billion

TORONTO/FRANKFURT - Canadian automotive parts maker Magna International Inc said on Thursday it would buy privately-owned German car parts maker Getrag for 1.75 billion euros ($1.9 billion), in a bid to expand its automotive transmission systems business.

UPDATE 4-Canadian auto parts maker Magna to buy Germany's Getrag for $1.9 bln

TORONTO/FRANKFURT, July 16 - Canadian automotive parts maker Magna International Inc said on Thursday it would buy privately-owned German car parts maker Getrag for 1.75 billion euros ($1.9 billion), in a bid to expand its automotive transmission systems business.

CANADA STOCKS-TSX gains on boost to banks, Magna deal cheered

TORONTO, July 16 - Canada's main stock index gained on Thursday, with banking stocks leading the way a day after the central bank cut rates, while auto parts maker Magna International Inc rose after it said it would buy a German peer.

Auto parts maker Magna to buy Germany's Getrag for about $2 bln

July 16 - Canadian automotive parts maker Magna International Inc said it will buy German car parts maker Getrag for 1.75 billion euros ($2 billion).

UPDATE 1-U.S. demand drives Canadian auto parts maker Magna's sales beat

May 7 - Canadian auto parts maker Magna International Inc reported better-than-expected quarterly sales, helped by demand in the United States.

Canadian auto parts maker Magna's sales drop 7 pct

May 7 - Canadian auto parts maker Magna International Inc reported a 7 percent drop in quarterly sales, hurt by a stronger dollar.

UPDATE 1-Magna to sell most of vehicle-interiors business for $525 mln

April 16 - Canadian auto-parts maker Magna International Inc said on Thursday it will sell most of its vehicle-interiors operations to Spain's Grupo Antolin for about $525 million.

Magna to sell majority of interior operations for $525 mln

April 16 - Canadian auto parts maker Magna International Inc said it would sell most of its interiors operations to Spain's Grupo Antolin for about $525 million.

BRIEF-Spain's Grupo Antolin agrees to buy interiors operation from Canada's Magna Intl

* Antolin buys seating business from Canada's Magna Source text for Eikon: Further company coverage: (Reporting By Robert Hetz)

UPDATE 2-Magna ups dividend, sets stock split as profit jumps

Feb 25 - Auto parts maker Magna International Inc reported stronger than expected quarterly earnings on Wednesday while announcing a higher dividend and a stock split, sparking a rally in its shares.

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