Magna Announces Renewal of Normal Course Issuer Bid
Magna International announced TSX acceptance of its renewed normal course issuer bid, allowing repurchase of up to 25,778,000 common shares — roughly 10% of its public float. The NCIB runs from November 9, 2026 through no later than November 8, 2027, funding share cancellations and stock-based compensation programs, supported by an automatic purchase plan with a designated broker.
Key figures
- Public float
- 257862127
- Pct public float
- approximately 10%
- Shares outstanding
- 258383499
- Max shares authorized
- 25778000
- Prior bid avg price cad
- C$86.13
- Prior bid avg price usd
- US$62.10
- Prior bid shares purchased
- 25300000
AI analysis
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