ADVFN - Advanced Financial Network.
HOME» NYSE » M » MGA Stock Price » MGA Stock News

Magna Share News

 Magna International Inc. Stock Price
MGA Stock Price
 Magna International Inc. Stock Chart
MGA Stock Chart
 Magna International Inc. Stock News
MGA Stock News
 Magna International Inc. Company Information
MGA Company Information
 Magna International Inc. Stock Trades
MGA Stock Trades

Pininfarina: Still Gathering Offers From Potential Bidders

MILAN -(Dow Jones)- Italian car design company Pininfarina SpA (PINF.MI) said in a statement Tuesday it is still collecting expressions of interest from potential bidders and acquisition talks with parties remain at a preliminary stage. "The company will make sure to [make an announcement]...the moment talks reach a level that requires it," the car designer said. According to latest press reports, Beijing-based carmaker Beijing Automotive Industry Holding, or BAIC, is considering bidding for Pininfarina. In November other press reports said Magna International Inc. (MG.T) was also interested in acquiring the company. Pininfarina has been experiencing financial problems since the economic crisis in Europe began in 2008 and has been looking for a buyer with the help of Italian bank Banca Leonardo for more than a year. Its founding family rescheduled the company's debt and agreed to give up its majority stake. The market has speculated on the possibility of an offer from French industrialist Vincent Bollore who has said he is willing to submit a bid, if the family ask him. Bollore and Pininfarina already have a joint venture in manufacturing electric cars. This has become Pininfarina's focus as it moves away from its role as a niche manufacturer for car makers like Ford Motor Co (F). Shares were outperforming the Italian FTSE Mib. At 1013 GMT they were up 6% at EUR4.08. -By Sabrina Cohen, Dow Jones Newswires,+39 02 5821 9906; sabrina.cohen@dowjones.com

Stock News for Magna (MGA)
DateTimeHeadline
06/24/201615:24:35Annual Report of Employee Stock Plans (11-k)
06/23/201617:17:07Report of Foreign Issuer (6-k)
06/23/201617:15:20Report of Foreign Issuer (6-k)
06/23/201609:00:00Magna celebrates five million transfer cases for BMW Group
06/23/201609:00:00Magna celebrates five million transfer cases for BMW Group
06/14/201611:23:00Magna Receives Ford World Excellence Award
06/14/201611:23:00Magna Receives Ford World Excellence Award
05/31/201614:29:26Specialized Disclosure Report (sd)
05/25/201604:00:00Magna Announces New Aluminum casting facility in the UK
05/25/201604:00:00Magna Announces New Aluminum casting facility in the UK
05/18/201614:29:00Magna Celebrates Grand Opening of Exteriors Facility in Mexico
05/18/201614:29:00Magna Celebrates Grand Opening of Exteriors Facility in Mexico
05/16/201615:09:00Magna Wins 2016 JEC Americas Innovation Award
05/16/201615:09:00Magna Wins 2016 JEC Americas Innovation Award
05/10/201616:22:00Magna Innovation Helps Shape Form and Function of Award-Winning...
05/10/201616:22:00Magna Innovation Helps Shape Form and Function of Award-Winning...
05/05/201618:07:31Report of Foreign Issuer (6-k)
05/05/201617:38:00Magna Announces 2016 Annual and Special Meeting Results
05/05/201617:07:00Magna announces 2016 annual and special meeting results
05/05/201617:07:00Magna announces 2016 annual and special meeting results

Magna and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad