Thursday, May 10, 2007

Magna wants only minority stake in Chrysler: report

(Reuters) - Asked why Magna wanted only a minority stake, he said: "Magna does not intend to compete in future against other carmakers. That would be fatal."

Wolf confirmed that Magna had structured its offer in such a way that its Chrysler stake would be placed in a holding company clearly separated from Magna's auto supply business.


Read more at Reuters.com Mergers News

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