The Toronto Star has a link to the Reuters story...
DETROIT – Canadian auto parts supplier Magna International Inc. has been "seriously considering the potential purchase" of Chrysler Group, an analyst for KeyBanc Capital Markets said, citing unnamed sources.
In a note for clients issued Monday, KeyBanc analyst Brett Hoselton said that he did not believe the two companies would ultimately merge despite the "substantial due diligence work on Chrysler" by Magna.
"We believe the merger strategy is risky and will confront resistance from numerous (Magna) and Chrysler stakeholders and that the ultimate combination of the two companies is a low-probability outcome," Hoselton said.
A spokesman for Magna was not immediately available for comment.
... more at the link above.
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