Pininfarina Says Still Gathering Expressions Of Interest

Date : 11/17/2010 @ 11:27AM
Source : Dow Jones News
Stock : Magna International, Inc. (MGA)
Quote : 47.61  0.0 (0.00%) @ 4:00AM

Pininfarina Says Still Gathering Expressions Of Interest

Pininfarina (BIT:PINF)
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Italy's Pininfarina SpA (PINF.MI) Wednesday declined to comment on a report discussing Magna International Inc.'s (MG.T) interest in acquiring it, saying it was still gathering expressions of interest from potential buyers.

"The company will make sure to [make an announcement]...the moment when talks reach a level that requires it," the car designer said in a statement.

Pininfarina issued the statement after its stock was halted from trading. The stock was last quoted at 12.20% up to EUR3.22 in Milan.

-Gilles Castonguay, Dow Jones Newswires; +39 02 5821-9908; gilles.castonguay@dowjones.com

 
 

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