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Martinrea International Inc T.MRE

Alternate Symbol(s):  MRETF

Martinrea International Inc. is a Canada-based diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added lightweight structures and propulsion systems. The Company’s offerings include a range of products, assemblies and systems for small and large cars, crossovers, pickups and sport utility vehicles. The Company's operations are segmented on a geographic basis between North America, Europe and Rest of the World. The Company's solutions include lightweight structures, propulsion systems, flexible manufacturing, and graphene technology. Its lightweight structure products include complex assemblies and exterior trim. Its flexible manufacturing products include bus frame assemblies and front vertical corner modules. Its graphene products include graphene and nylon coated brake lines and electric vehicle batteries enhanced with graphene. It operates in around 59 countries, such as Canada, the United States and Mexico.


TSX:MRE - Post by User

Bullboard Posts
Comment by thinkyourmoneyon Apr 03, 2014 1:02pm
279 Views
Post# 22406558

RE:RE:Proxy Battle Looms at Auto Parts Company Martinrea

RE:RE:Proxy Battle Looms at Auto Parts Company MartinreaThis ties in with several other themes on this bullboard.  One is that there is a definite dissatisfaction with the present management team.  The new team being offered is deep in auto industry experience including 2 former Magna senior executives.  Sounds good to me.  Second is that there may be a potential takeover by Magna.  Sounds like they would have their management team already in place for the takeover plus going forward after.  Third, they have good reason.  The audit that declared all is well was not a forensic audit.  The present managers missed their opportunity to come clean.  I noted that in December trading there was a significant percentage (one day greater than 10% of shares changed hands) of shares went to new owners at fire sale prices.  Some interested party may have significant or controlling interest in this company.  I see this proxy battle coming to a climax soon as it is AGM season.  I also see this proxy battle having a better than average potential for success.  And I see this as a good thing.
Bullboard Posts