We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Veoneer Inc | NYSE:VNE | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 36.95 | 0 | 01:00:00 |
From May 2022 to May 2024
By Dominic Chopping
STOCKHOLM--Swedish automotive technology company Veoneer said Tuesday it has agreed to sell its active safety business to auto technology supplier Magna International Inc. for $1.53 billion in cash.
"Magna is the right long-term home for Veoneer's active safety business," Veoneer Chief Executive Jacob Svanberg said.
"The combination of both businesses creates durable value and accelerates an already exciting growth trajectory."
The deal is expected to close near mid-year 2023, subject to regulatory clearance.
Veoneer was spun-off from air bag and seatbelt maker Autoliv Inc. in 2018 and was subsequently bought by U.S. investment firm SSW Partners earlier this year, with Qualcomm Inc. buying Veoneer's Arriver software business.
With Tuesday's announcement to sell the active safety business to Magna, Veoneer said it continues the process of finding the best long-term home for its restraint control systems business.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
December 20, 2022 06:11 ET (11:11 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Veoneer Chart |
1 Month Veoneer Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
