Once again, Magna faces a buyout battle

Article Abstract:

A major holder of Tesma International Incorporation shares opposed the buyout of the company's minority shareholders by parent Magna International Incorporation claiming that the transmission and engine parts maker is worth more money than Magna is offering. James Cole, a senior vice-president and portfolio manager at mutual fund giant AIC International Services Inc. is trying to rally other minority shareholders to vote against the offer either before the scheduled shareholder's meeting on February 2005 or at the meeting.

Acquisitions & mergers, Mergers, acquisitions and divestments, Company acquisition/merger, Investor relations, Tesma International Inc.

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Mixed news for Magna subsidiary

Article Abstract:

Magna Entertainment Corp. reported a 47% rise in revenues for the second quarter. Magna, which is a racetrack and gambling firm, said its profits were hurt by a variety of factors, including the Iraqi war, adverse weather conditions and overall economic volatility.

Finance, Sports facilities, Company financing, Magna Entertainment Corp.

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Magna steers into vehicle designer lane

Article Abstract:

Magna International Inc. is planning to start its business in vehicle design. Details of the company's new venture are presented.

Company investment, Investments

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