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MGA Magna International Inc

46.60
0.02 (0.04%)
07 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Magna International Inc NYSE:MGA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.02 0.04% 46.60 46.90 46.34 46.76 1,651,940 22:30:00

Magna Wins EU Approval to Acquire German Car Supplier ixetic

29/11/2012 4:23pm

Dow Jones News


Magna (NYSE:MGA)
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BRUSSELS--Canadian car supplier Magna International Inc. secured EU approval Thursday to buy its German rival, ixetic Verwaltungs GmbH.

The European Commission said the transaction would not raise anti-trust concerns as the merged entity would continue to face strong competition.

Customers would still have enough alternative suppliers in all markets concerned, the commission said.

--Write to Vanessa Mock at vanessa.mock@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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