NEW YORK, July 23, 2021 /PRNewswire/ — 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… Continue reading SHAREHOLDER ALERT: WeissLaw LLP Investigates Veoneer, Inc.
Tag: Magna
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… Continue reading SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Veoneer, Inc. Buyout
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 $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 traded… Continue reading Magna Buys Driver-Assist Supplier Veoneer for $3.8 Billion
Magna (MGA) to Enhance ADAS Portfolio on Veoneer Acquisition
Magna International MGA recently entered into an agreement to acquire Veoneer Inc. VNE — an automotive-safety technology company — with a vision to expand its advanced driving assistance systems (ADAS). Per the agreement, Magna will acquire all of the issued and outstanding shares of Veoneer for $31.25 per share in cash, representing an equity value… Continue reading Magna (MGA) to Enhance ADAS Portfolio on Veoneer Acquisition
Magna To Buy Veoneer For $3.8B
Motley Fool 3 Top Stocks to Buy in July The S&P 500 is up roughly 15% across 2021’s trading, but concerns related to the pandemic and inflation are also creating volatility. Airbnb (NASDAQ: ABNB) has already disrupted the travel space, and its name is virtually synonymous with the short-term vacation rental category. Surging cases of… Continue reading Magna To Buy Veoneer For $3.8B
Financial Report April – June 2021: Veoneer
STOCKHOLM, July 23, 2021 /PRNewswire/ — Financial Summary – Q2’21 Sequential improvement in operating loss and cash flow despite lower than expected LVP and continued supply chain challenges Net Sales $398 million, Net sales increase 116%, Organic Sales1 108% Active Safety Net Sales increase 149%, Organic Sales increase 140% Operating cash flow $(69) million. Cash… Continue reading Financial Report April – June 2021: Veoneer
Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry
Veoneer’s complementary products and capabilities strengthen and broaden Magna’s ADAS portfolio and industry position Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software Enhances Magna’s ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, Sweden, July 22, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA)… Continue reading Magna to Acquire Veoneer, Positioning Magna’s ADAS Business as a Global Leader in a Fast-Growing Industry
Magna to acquire Veoneer, positioning Magna’s ADAS business as a global leader in a fast-growing industry
– Veoneer’s complementary products and capabilities strengthen and broaden Magna’s ADAS portfolio and industry position – Transaction adds significant engineering and software expertise, including in sensor perception and drive policy software – Enhances Magna’s ADAS systems capabilities and feature functionality AURORA, Ontario and STOCKHOLM, July 23, 2021 /PRNewswire/ — Magna International Inc. (TSX: MG;NYSE: MGA) and Veoneer,… Continue reading Magna to acquire Veoneer, positioning Magna’s ADAS business as a global leader in a fast-growing industry
Fisker to debut Ocean EV at LA Auto Show, expand global retail presence in 2022
Fisker Inc. has recently shared plans to debut its upcoming Ocean SUV during the 2021 Los Angeles Auto Show, taking place this November. Furthermore, the born-again EV automaker has also shared a timeline for global “Brand Experience Centers,” set to roll out in the US and Europe in 2022. Fisker Inc. ($FSR) is an EV… Continue reading Fisker to debut Ocean EV at LA Auto Show, expand global retail presence in 2022
EV growth propels Denso to close value gap with Honda and Ford
NAGOYA — Is a car worth more than the sum of its parts? This is a question posed by Japanese automotive supplier Denso’s near dead heat in market capitalization with Honda Motor and Ford Motor. Denso’s market cap stood at 5.78 trillion yen ($52.59 billion) as of Thursday, roughly 70% higher than a year earlier. Honda’s… Continue reading EV growth propels Denso to close value gap with Honda and Ford