Linamar Corporation exercises squeeze-out right at Hungarian unit
|Canada's Linamar Corporation on Thursday said it would exercise a squeeze-out right and pay the remaining shareholders in its Hungarian farm machinery maker and automotive industry supplier Linamar Hungary HUF 2,570 per share.
Linamar Corporation's stake in the unit reached HUF 99.49% following a voluntary purchase offer, giving it squeeze-out rights.
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