Magna International Inc (NYSE:MGA)
$ 45.21 0.6 (1.34%) Market Cap: 12.99 Bil Enterprise Value: 19.22 Bil PE Ratio: 13.05 PB Ratio: 1.14 GF Score: 79/100

Magna International Inc to Discuss the Acquisition of Veoneer Active Safety Business Call Transcript

Dec 20, 2022 / 01:00PM GMT
Release Date Price: $56.01 (-1.86%)
Operator

Greetings, everyone, and welcome to the Magna acquisition of Veoneer Active Safety. (Operator Instructions) Please note as well, today's conference is being recorded, Tuesday, December 20, 2022. It is now with pleasure that I turn today's conference over to Mr. Louis Tonelli, Vice President, Investor Relations. Please go ahead, sir.

Louis Tonelli
Magna International Inc. - VP of IR

Thank you, Bridget, and good morning, everyone. Joining me today are Swamy Kotagiri, CEO; Pat McCann, CFO; and Vince Galifi, President. We issued a press release this morning announcing that we have signed a definitive agreement to acquire the Veoneer Active Safety business from SSW Partners. You'll find the press release, today's conference call webcast and the slide presentation to go along with the call all in the Investor Relations section of our website at magna.com.

Before we get started, just as a reminder, the discussion today may contain forward-looking information or forward-looking statements within the meaning of applicable securities legislation. Such

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot