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Magna International Inc (MG.TO)

MG.TO on Toronto Stock Exchange

60.76CAD
13 Dec 2018
Change (% chg)

$-0.20 (-0.33%)
Prev Close
$60.96
Open
$61.38
Day's High
$61.90
Day's Low
$60.60
Volume
941,494
Avg. Vol
1,238,993
52-wk High
$87.12
52-wk Low
$58.74

Latest Key Developments (Source: Significant Developments)

Magna International Says Not Changing Expectations For China - Conf Call
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Magna International Inc ::SAYS NOT CHANGING EXPECTATIONS FOR CHINA - CONF CALL.SAYS HOPING BY THE END OF THE YEAR TARIFFS BETWEEN U.S. AND CANADA GO AWAY - CONF CALL.EXPECTS CHINA VOLUMES TO BE DOWN 6 PERCENT IN Q4 - CONF CALL.  Full Article

Magna International Inc Says Made A Minority Equity Investment In Rohinni
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - Magna International Inc ::MAGNA INTERNATIONAL - MADE A MINORITY EQUITY INVESTMENT IN ROHINNI.MAGNA INTERNATIONAL INC - MAGNA AND ROHINNI FORM JV.  Full Article

Granite To Acquire German Logistics Property And Sell Aurora, Ontario Office Properties
Tuesday, 3 Jul 2018 

July 3 (Reuters) - Granite Real Estate Investment Trust ::GRANITE TO ACQUIRE GERMAN LOGISTICS PROPERTY AND SELL AURORA, ONTARIO OFFICE PROPERTIES.GRANITE REAL ESTATE INVESTMENT TRUST - DEAL FOR PURCHASE PRICE OF EURO 53.9 MILLION.GRANITE REAL ESTATE INVESTMENT TRUST - TRANSACTION WILL BE IMMEDIATELY ACCRETIVE TO FUNDS FROM OPERATIONS AND ADJUSTED FUNDS FROM OPERATIONS.GRANITE REAL ESTATE INVESTMENT TRUST - TRANSACTION WILL BE FUNDED FROM A COMBINATION OF CASH ON HAND AND GRANITE'S CREDIT FACILITY.GRANITE REIT- RECENTLY ENTERED AGREEMENT TO SELL OFFICE PROPERTIES IN AURORA, ONTARIO THAT SERVE AS CORPORATE HEADQUARTERS FOR MAGNA INTERNATIONAL INC.GRANITE REAL ESTATE INVESTMENT TRUST - SALE OF OFFICE PROPERTIES WILL GENERATE TOTAL GROSS PROCEEDS OF $60 MILLION.GRANITE REAL ESTATE INVESTMENT TRUST - SALE OF OFFICE PROPERTIES WILL BE ACCRETIVE TO GRANITE'S NET ASSET VALUE.  Full Article

Magna To Acquire Olsa for About EUR 230 Mln
Thursday, 28 Jun 2018 

June 28 (Reuters) - Magna International Inc ::MAGNA TO ACQUIRE OLSA AND EXPAND LIGHTING BUSINESS.MAGNA TO ACQUIRE OLSA AND EXPAND LIGHTING BUSINESS.MAGNA INTERNATIONAL INC - TRANSACTION VALUE ON A CASH- AND DEBT-FREE BASIS IS APPROXIMATELY EUR 230 MILLION.MAGNA INTERNATIONAL INC - TRANSACTION VALUE ON A CASH- AND DEBT-FREE BASIS IS APPROXIMATELY EUR 230 MILLION.  Full Article

Magna International Reports Q1 Adjusted Earnings Per Share Of $1.84
Thursday, 10 May 2018 

May 10 (Reuters) - Magna International Inc ::MAGNA ANNOUNCES RECORD FIRST QUARTER RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $1.84.Q1 EARNINGS PER SHARE $1.83.Q1 SALES $10.79 BILLION VERSUS I/B/E/S VIEW $10 BILLION.Q1 EARNINGS PER SHARE VIEW $1.70 -- THOMSON REUTERS I/B/E/S.INCREASED FULL YEAR OUTLOOK FOR SALES AND NET INCOME ATTRIBUTABLE TO MAGNA.SEES 2018 TOTAL SALES $40.9 BILLION - $43.1 BILLION.SEES 2018 CAPITAL SPENDING APPROXIMATELY $1.8 BILLION.SEES 2018 NET INCOME ATTRIBUTABLE TO MAGNA $2.4 - $2.6 BILLION.FY2018 EARNINGS PER SHARE VIEW $6.75, REVENUE VIEW $40.63 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Magna Says Magna, Innoviz Technologies To Supply BMW Group With LiDAR
Thursday, 26 Apr 2018 

April 26 (Reuters) - Bayerische Motoren Werke AG ::MAGNA SAYS MAGNA, INNOVIZ TECHNOLOGIES TO SUPPLY BMW GROUP WITH LIDAR FOR UPCOMING AUTONOMOUS VEHICLE PRODUCTION PLATFORMS.  Full Article

Magna Sees 2018 Capital Spending Of About $1.8 Bln
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Magna International Inc ::MAGNA ANNOUNCES OUTLOOK.- SEES 2018 CAPITAL SPENDING OF APPROXIMATELY $1.8 BILLION.- SEES FY 2018 TOTAL SALES $39.3 BILLION- $41.5 BILLION.- SEES TOTAL SALES OF $42.7 BILLION TO $45.7 BILLION IN 2020.- "ACCELERATING" FREE CASH FLOW IN 2018-2020 PERIOD.- EXPECT TO GENERATE OVER $6 BILLION IN FREE CASH FLOW BETWEEN 2018 AND 2020.SEES 2018 ‍NET INCOME ATTRIBUTABLE TO MAGNA OF $2.3 BILLION TO $2.5 BILLION ​.FY2018 REVENUE VIEW $42.13 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Magna International Realigns Management Structure Along Product Lines​
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Magna International Inc ::MAGNA INTERNATIONAL INC - ‍ANNOUNCED A REALIGNMENT OF ITS MANAGEMENT STRUCTURE ALONG PRODUCT LINES​.MAGNA INTERNATIONAL INC - INTRODUCING NEW FINANCIAL REPORTING SEGMENTS BEGINNING IN 2018.  Full Article

Magna announces specific share repurchase programs as part of normal course issuer bid
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Magna International Inc ::Announces specific share repurchase programs as part of normal course issuer bid.  Full Article

‍TSX accepts Magna International's notice of intention to make normal course issuer bid​
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Magna International Inc :‍TSX accepts notice of intention to make normal course issuer bid​.‍Pursuant to notice, co may purchase up to 35.8 million Magna shares, representing approximately 10% of its public float​.  Full Article

Canada blindsided by GM closure, workers walk out in protest

TORONTO/MONTREAL Hundreds of workers walked off the job and Canadian Prime Minister Justin Trudeau expressed "deep disappointment" after General Motors Co on Monday announced the closure of its Oshawa plant, catching governments and employees by surprise.