16:55:46 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 410,974,525
Close 2015-08-11 C$ 70.56
Market Cap C$ 28,998,362,484
Recent Sedar Documents

Globe/wire say Magna, rivals see M&A deals surging

2015-08-12 06:58 ET - In the News

Also In the News (C-LNR) Linamar Corp

The Globe and Mail reports in its Wednesday, Aug. 12, edition that auto-supplier deal value will rise to a record this year as parts makers seek size and skills to meet demand for software that powers autonomous driving and hardware that boosts fuel efficiency, said PricewaterhouseCoopers LLP. A Bloomberg dispatch to The Globe reports that the transactions will more than triple to about $48-billion from $14-billion, topping the previous high of $35-billion in 2007, the consulting firm forecast (all figures U.S.). Purchases of $500-million or more are increasing the total value, while the number of deals may drop to 201 from 217 last year, according to its study. Rising United States auto sales, led by pickups and sport utility vehicles, are fuelling supplier mergers. Automakers' continued expansion in China and the production rebound in Europe are also contributing. Suppliers came out of the recession lean and, after five years of growth, have cash to spend, PwC said.

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