Tuesday Ticker: January 11, 2022
Toronto, Ontario — In this week’s Tuesday Ticker, Magna International announces a brand new EV centre, Volkswagen of America CEO complains that the automaker’s total-units-sold could be higher and General Motors partners with Qualcomm for a revamped Ultra Cruise. Electric energy at Magna HQ Magna International announced last week it plans to develop a new […]
Tuesday Ticker: October 12, 2021
Toronto, Ontario — This week, Magna may have an opportunity to pick up Qualcomm’s leftovers from the Veoneer acquisition; an Ontario-based battery maker lands a unique deal to break ground in Quebec; while Tesla CEO Elon Musk announces a new home for the EV brand. More opportunities for Magna Magna International may have missed out […]
Tuesday Ticker: October 5, 2021
Toronto, Ontario — This week, Magna gets booted from its proposed deal with automotive technology group Veoneer, Rivian officially files its initial public offering (IPO) and Axalta reevaluates its full-year guidance. Melancholy at Magna Swedish automotive technology firm Veoneer has opted to go with Qualcomm’s $37-per-share merger bid following a previously announced merger with Aurora, […]
Two Dates to the Dance: Veoneer takes acquisition deal with Magna despite Qualcomm outbid
Stockholm, Sweden — Veoneer has decided to stick with Magna International’s acquisition bid after being courted with a higher offer from Qualcomm, though Veoneer says it will continue in negotiations with Qualcomm. Last month, Aurora, Ont.-based Magna International put forth a $31.25 per share bid on Veoneer which was outbid by Qualcomm on Monday, who […]
