Veoneer sticks with Magna offer for now, but Qualcomm talks continue

Veoneer and Magna, if combined, would make up 17 percent of the advanced driver-assist market.

By:

Reuters

September 14, 2021 10:30 AM

STOCKHOLM -- Automotive tech supplier Veoneer Inc. on Tuesday stuck to its recommendation in favor of Magna International Inc.'s acquisition bid after receiving an updated, non-binding offer from Qualcomm.

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