Credit: BELL KA PANG/Shutterstock Sidley, Skadden and Sullivan & Cromwell Drive Automotive Tech Deal
This deal was surfaced by Law.com Radar.
July 23, 2021 at 04:35 PM
1 minute read
DealsMagna International Inc. has agreed to acquire Veoneer, an American Swedish provider of automotive technology, for $3.8 billion. The transaction, announced July 22, is expected to close by the end of 2021. Aurora, Canada-based Magna was advised by Sidley Austin. Veoneer, which is based in Stockholm, was represented by Skadden, Arps, Slate, Meagher & Flom. Sullivan & Cromwell represented the financial advisers to Veoneer, which was Rothschild & Co.
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