Magna International Inc (NYSE:MGA)
$ 41.71 -0.45 (-1.07%) Market Cap: 11.99 Bil Enterprise Value: 19.03 Bil PE Ratio: 11.15 PB Ratio: 1.04 GF Score: 75/100

Magna International Inc to Discuss the Acquisition of Veoneer Active Safety Business Call Transcript

Dec 20, 2022 / 01:00PM GMT
Release Date Price: $56.01 (-1.86%)
Operator

Greetings, everyone, and welcome to the Magna acquisition of Veoneer Active Safety. (Operator Instructions) Please note as well, today's conference is being recorded, Tuesday, December 20, 2022. It is now with pleasure that I turn today's conference over to Mr. Louis Tonelli, Vice President, Investor Relations. Please go ahead, sir.

Louis Tonelli
Magna International Inc. - VP of IR

Thank you, Bridget, and good morning, everyone. Joining me today are Swamy Kotagiri, CEO; Pat McCann, CFO; and Vince Galifi, President. We issued a press release this morning announcing that we have signed a definitive agreement to acquire the Veoneer Active Safety business from SSW Partners. You'll find the press release, today's conference call webcast and the slide presentation to go along with the call all in the Investor Relations section of our website at magna.com.

Before we get started, just as a reminder, the discussion today may contain forward-looking information or forward-looking statements within the meaning of applicable securities legislation. Such

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