Linamar to acquire Aludyne’s North American assets for $300 million

* Linamar (TSX:LNR:CA [https://seekingalpha.com/symbol/LNR:CA]) announced on Thursday that it has entered into a definitive agreement to acquire select assets of Aludyne’s North American operations for $300 million, expanding the company's manufacturing footprint across North America, notably in the United States.
* Linamar will fund the acquisition using available liquidity under its existing credit facilities and cash on hand.
* On the transaction, National Bank Capital Markets acted as the financial advisor to Linamar.
* LNR:CA closed -1.62% at $71.86.

* Source: Press Release [https://seekingalpha.com/pr/20261630-linamar-corporation-to-acquire-aludyne-s-north-american-assets-further-enhancing-structural]

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