Magna and Veoneer Announce Expiration of Hart-Scott-Rodino Waiting Period
Companies File for Regulatory Approvals in the European Union and ChinaStockholm, Sweden, September 20, 2021 - Magna International Inc. and Veoneer, Inc. (NYSE: VNE; SSE: VNE SDB) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, or HSR Act, in connection with the previously announced acquisition of Veoneer by Magna. Pursuant to the agreement announced on July 22, 2021, Magna will acquire all of the issued and outstanding shares of Veoneer for $31.25 per share in cash, representing an equity value of $3.8 billion, and an