09:57 AM EST - Magna International Inc. : announced today that it has signed an agreement to acquire ixetic Verwaltungs GmbH, a manufacturer of automotive vacuum, engine and transmission pumps with two manufacturing facilities in Germany, and one in each of Bulgaria and China. ixetic had full year 2011 total sales of approximately €300 million. The purchase price payable for 100% of the outstanding shares of ixetic, on a cash-free and debt-free basis, is approximately €308 million, including the effect of the estimated closing adjustments. Magna International Inc.
shares T.MG are trading up $0.99 at $43.50.
