Magna Renews Buyback Program for Up to 25,778,000 Shares
Bitget2026/11/05 11:30- Magna International renewed its normal course issuer bid to repurchase up to 25,778,000 Common Shares, approximately 10% of its public float.
- The program starts November 9, 2026, and ends no later than November 8, 2027.
- Repurchases will support share cancellations and stock-based compensation programs.
- The previous buyback completed 25,300,000 Common Share repurchases by October 30, 2026, at weighted-average prices of CAD 86.13 and USD 62.10.
- Of those repurchased shares, 25,044,933 were canceled; the remainder funded stock-based compensation programs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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