Frank Stronach’s court fight threatens to put his business legacy on the ropes [Toronto Globe and Mail (Ontario, Canada)]
Magna International, Inc. (MGA)
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Source: Toronto Globe and Mail
Frank Stronach’s court fight threatens to put his business legacy on the ropes Like a boxer who has stepped into the ring too many times, entrepreneur Frank Stronach is seeing his business reputation take a pounding in an increasingly nasty courtroom battle with his daughter and her allies for control of the family’s fortune. At the age of 86, Mr. Stronach should be basking in the glow of his Business Hall of Fame achievements as founder of Magna International Inc., now one of the world’s largest auto-parts companies. The Austrian native’s failed side ventures – remember Frank’s Energy Drink, with the ad campaign in 26 that featured lederhosen-clad women and the slogan “keeps you yodelling all night long”? – would be amusing footnotes to a storied career. Instead, Mr. Stronach launched a court fight last October against daughter Belinda Stronach, two of his grandchildren and Alon Ossip, former chief executive of The Stronach Group, that is likely to define his legacy around projects t
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- Automotive Intelligent Door System Market To Reach USD 6.8 Billion By 2032 | DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- Magna International Inc. (NYSE: MGA) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Magna International Inc. (NYSE: MGA) had its price target lowered by analysts at TD Securities from $69.00 to $63.00. They now have a "buy" rating on the stock.MarketBeat
- Magna International Inc. (NYSE: MGA) had its price target raised by analysts at JPMorgan Chase & Co. from $69.00 to $71.00. They now have an "overweight" rating on the stock.MarketBeat
- [Latest] Global Automotive Aftermarket Market Size/Share Worth USD 619.6 Billion by 2033 at a 4.1% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value) [Yahoo! Finance]Latest
MGA
Earnings
- 2/9/24 - Miss
MGA
Sec Filings
- 4/2/24 - Form 6-K
- 3/29/24 - Form 6-K
- 3/28/24 - Form 40-F
- MGA's page on the SEC website