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Opel would stay out of U.S. under Magna
- Source :
- Wall Street Journal. Europe. June 8, 2009, A4
- Publication Year :
- 2009
-
Abstract
- A consortium led by Magna International Inc. plans to acquire General Motors Corp.'s unit Adam Opel GmbH. The government of Germany agreed to provide 1.5 billion euro to fund Opel's operations while the deal is finalized. The consortium would invest 500 million euro in Opel and receive rights to GM's intellectual property at discount licensing rates. GM would also get 200 million euro in preferred stock and a special dividend. Opel would not enter the U.S. market but is allowed partial access to the Chinese and Canadian markets.
- Subjects :
- Magna International Inc. -- Planning
Magna International Inc. -- Mergers, acquisitions and divestments
Magna International Inc. -- Finance
Opel AG -- Planning
Opel AG -- Mergers, acquisitions and divestments
Opel AG -- Reorganization and restructuring
Opel AG -- Finance
Opel AG -- Company forecasts
Transportation equipment industry
Company business planning
Company acquisition/merger
Company financing
Company restructuring/company reorganization
Company organization
Company business forecast/projection
Banking, finance and accounting industries
Business
Business, international
Subjects
Details
- Language :
- English
- ISSN :
- 09219986
- Database :
- Gale General OneFile
- Journal :
- Wall Street Journal. Europe
- Publication Type :
- News
- Accession number :
- edsgcl.201670083