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
08/31/201512:10:00Magna announces closing of interiors transaction with Grupo Antolin
08/31/201512:10:00Magna announces closing of interiors transaction with Grupo Antolin
08/25/201517:43:00Magna Obtains Issuer Bid Exemption Order to Permit Purchases...
08/25/201517:17:52Report of Foreign Issuer (6-k)
08/25/201517:03:00Magna Obtains Issuer Bid Exemption Order to Permit Purchases...
08/25/201517:03:00Magna Obtains Issuer Bid Exemption Order to Permit Purchases...
08/13/201512:18:02Report of Foreign Issuer (6-k)
08/07/201511:33:09Report of Foreign Issuer (6-k)
08/07/201505:01:00Magna Announces Second Quarter and Year to Date Results
08/07/201505:00:00Magna Announces Second Quarter and Year to Date Results
08/07/201505:00:00Magna Announces Second Quarter and Year to Date Results
07/17/201509:00:00Magna International Inc. Notice of Conference Call for Second...
07/17/201509:00:00Magna International Inc. Notice of Conference Call for Second...
07/16/201514:32:07Canada's Magna to Buy German Transmissions Maker Getrag
07/16/201509:41:36Report of Foreign Issuer (6-k)
07/16/201507:33:00MAGNA Enters Into Agreement to Acquire Getrag
07/16/201507:00:00Magna conclut une entente pour l'acquisition de Getrag
07/16/201507:00:00Magna Enters Into Agreement to Acquire Getrag
07/16/201507:00:00Magna Enters Into Agreement to Acquire Getrag
07/02/201506:57:21Jaguar Land Rover to Build Cars in Austria

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 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad