Magna International Inc. will acquire Veoneer Inc. for $3.8 billion in cash, bolstering its business supplying advanced driver-assistance systems to automakers.
The $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.
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July 23, 2021 at 12:04PM
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Magna (MGA:US) Buys Driver-Assistance Supplier Veoneer (VEON) for $3.8 Billion - Bloomberg
"assistance" - Google News
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