business / news / / Benzinga
A global investment firm will acquire Lighting operations across North America, South America, and China.
Magna is selling its Lighting and Rooftop Systems businesses in three separate transactions.
KEY POINTS
- The divested businesses generated about $1.1 billion in global sales in 2025.
- Transaction closings are expected in the second half of 2026, pending regulatory approvals.
- Magna's 2026 adjusted earnings per share outlook remains unchanged despite the divestitures.
- Recent analyst actions have adjusted Magna's price targets, with consensus holding at 'Hold.'
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