Wednesday, February 21, 2007

Analyst Notes Rumors Magna International (MGA) Could Be Interested in Chrysler group

In a note this afternoon from KeyBanc on Magna International (NYSE: MGA), analyst Brett Hoselton notes that a source at Toronto's Financial Post said MGA may be considering acquiring the Chrysler group from DaimlerChrysler (NYSE: DCX). The analyst views this as a low probability event.

Magna International is an auto-parts maker based in Ontario.

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