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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 |
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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