 AURORA, Ontario and STOCKHOLM, Sweden, July 22, 2021 GLOBE NEWSWIRE -- Magna International Inc. TSX: MG; NYSE: MGA and Veoneer NYSE: VNE; SSE: VNE SDB today announced that they have entered into a definitive merger agreement under which Magna will acquire Veoneer, a leader in automotive safety technology. Pursuant to the agreement, Magna will acquire all of the issued and outstanding shares of Veoneer for 31.25 per share in cash, representing an equity value of 3.8 billion, and an enterprise value of 3.3 billion, inclusive of Veoneers cash, net of debt and other debt-like items as of March 31, 2021. 