Canadian auto parts supplier Magna has agreed to buy Veoneer, which develops advanced driver-assistance systems for autonomous vehicles, for $3.8B in cash (Bloomberg)

Bloomberg:
Canadian auto parts supplier Magna has agreed to buy Veoneer, which develops advanced driver-assistance systems for autonomous vehicles, for $3.8B in cash  —  - Veoneer shares slumped following spinoff by Autoliv in 2018  — Offer represents a 57% premium to closing price Thursday

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