Magna Shares Slump as U.K. Expansion Comes Amid Brexit Fallout
- Stock on track for biggest two-day loss since August 2011
- Slide provides buying opportunity, some analsyts say
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Talk about bad timing for Magna International Inc.
Almost exactly one month after the Canadian auto-parts manufacturer announced it would build a 225,000 square-foot aluminum casting facility in Telford, U.K., Britain voted to leave the European Union.