The transaction closed on Jan. 4, and takes immediate effect. Holt-based Dakkota Integrated Systems is a joint venture between Rush Group LLC and Magna Decoma International.

Magna said at the time that the Decoma losses would trim fourth-quarter diluted share profit by between 19 and 21 cents. Magna's diluted share profit was $1.81, up from $1.36.

On the Toronto Stock Exchange yesterday Decoma's subordinate-voting class-A shares rose 1 cent (Canadian) to close at $13.65.

Magna’s Decoma International announced yesterday it had reached agreement to buy Cadence Europe, a supplier of interior and exterior plastic parts such as bumpers, radiator grills and instrument ...

In addition, Decoma will assume the debt of MES and Trimco owing to Magna at closing. As at July 31, 2000 this debt was approximately Cdn$265 million.

Magna said last year it planned to spend about $1.04 billion to privatize its three auto parts divisions -- Intier Automotive, Decoma, and Tesma International Inc. -- simplifying its corporate ...

Magna International Inc. is phasing out the Decoma name while keeping Decoma's specialization in automotive composites work and building on that through its acquisition of certain parts of ...