Magna Announces Sale of Its Lighting and Rooftop Systems Businesses [Yahoo! Finance]
Magna International, Inc. (MGA)
Last magna international, inc. earnings: 2/21 05:00 am
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Source: Yahoo! Finance
Businesses generated approximately $1.1 billion in combined global sales in 2025 Transactions expected to close in the second half of 2026 AURORA, Ontario, April 09, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced that it has entered into definitive agreements to divest its Lighting business through two separate transactions, as well as its Rooftop Systems business in a third transaction. A global investment firm will acquire the Lighting operations serving front and rear lighting programs in North America, South America and China. A separate investment firm will acquire Magna's European Lighting and Rooftop Systems operations. “Today's announcement underscores our commitment to actively managing our portfolio in line with our guiding principles,” said Swamy Kotagiri, Magna Chief Executive Officer. “Magna will continue to focus on businesses that advance our long-term growth, margin, and return objectives. We are committed to ensuring a
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MGA
News
- Magna International (NYSE:MGA) (TSE:MG) was upgraded by Scotiabank from "sector perform" to "sector outperform". They now have a $72.00 price target on the stock.MarketBeat
- Magna International (NYSE:MGA) (TSE:MG) had its price target lowered by JPMorgan Chase & Co. from $71.00 to $70.00. They now have an "overweight" rating on the stock.MarketBeat
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- A Dependable 4% Dividend Stock That Pays You Every Month [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Assessing Magna International (TSX:MG) Valuation After Mixed Recent Share Price Moves [Yahoo! Finance]Yahoo! Finance
MGA
Earnings
- 2/13/26 - Beat
MGA
Sec Filings
- 3/30/26 - Form 6-K
- 3/27/26 - Form 6-K
- 3/27/26 - Form 40-F
- MGA's page on the SEC website