USA: Donnelly to become Magna subsidiary
Magna International and Donnelly Corporation have entered into a definitive merger agreement pursuant in which Donnelly will become a wholly-owned subsidiary of Magna. The transaction is structured as a merger of a wholly-owned subsidiary of Magna into Donnelly in which Donnelly Class A and Class B shareholders will receive Magna Class A Subordinate Voting shares with a value of U.S. $28 per Donnelly share.
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