MAGNA INTERNATIONAL INC (MGA) Form 6-K — Nov 5, 2026
Magna International announced the Toronto Stock Exchange accepted its notice to renew its normal course issuer bid, authorizing repurchase of up to 25,778,000 common shares, approximately 10% of its public float. The renewed bid runs from November 9, 2026 through no later than November 8, 2027, with an automatic share purchase plan allowing purchases during blackout periods. Daily TSX purchases are capped at 279,091 shares.
Key figures
- Bid End Date
- 2027-11-08
- Public Float
- 257862127
- Bid Start Date
- 2026-11-09
- Prior Bid Shares
- 25300000
- Shares Authorized
- 25,778,000 common shares (~10% of public float)
- Prior Bid Cancelled
- 25044933
- Shares Outstanding
- 258383499
- Max Daily Tsx Purchase
- 279091
- Prior Bid Weighted Avg Price
- C$86.13 / US$62.10
AI analysis
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