10:04 AM EST - Magna International Inc. : Has entered into an agreement to acquire the Veoneer Active Safety business from SSW Partners for $1.525 billion in cash, subject to working capital and other customary purchase price adjustments. The combined business is projected to generate approximately $3 billion in sales in 2024, positioning Magna's ADAS business as a global leader. Magna International Inc.
shares T.MG are trading down $1.91 at $76.01.
