Magna to Submit 'Ultimatum' Offer for Opel On Monday

Summary


MANAVIGATOR-July 20, 2009-Magna to submit "ultimatum" offer for Opel on Monday (C)2010 M2 COMMUNICATIONS http://www.m2.com

Canadian automotive supplier Magna (TSE:MG.A) and its Russian partners will hand in today a new non-negotiable bid for German carmaker Opel and drop out of the race if not accepted, Russian business daily Kommersant said.

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Magna to Submit 'Ultimatum' Offer for Opel On Monday

Magna's bid will include a request for intellectual property rights ...

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