Canadian auto parts supplier Magna has agreed to buy Veoneer, which develops advanced driver-assistance systems for autonomous vehicles, for $3.8B in cash (Bloomberg)
Bloomberg:
Canadian auto parts supplier Magna has agreed to buy Veoneer, which develops advanced driver-assistance systems for autonomous vehicles, for $3.8B in cash — - Veoneer shares slumped following spinoff by Autoliv in 2018 — Offer represents a 57% premium to closing price Thursday
Canadian auto parts supplier Magna has agreed to buy Veoneer, which develops advanced driver-assistance systems for autonomous vehicles, for $3.8B in cash (Bloomberg)
Reviewed by Ansh Goel
on
July 24, 2021
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