AURORA, Ontario, Nov.  09, 2022  (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 28,445,000 Magna Common Shares (the "Bid"), representing approximately 10% of its public float. As at November 1, 2022, Magna had 285,819,254 issued and outstanding Common Shares, including a public float of 284,454,286 Common Shares.
TSX Accepts Notice of Intention to Make Normal Course Issuer Bid
TSX Accepts Notice of Intention to Make Normal Course Issuer Bid --  Magna International Inc. (TSX: MG, NYSE: MGA) today announced that the Toronto Stock Exchange ("TSX") had accepted its Notice of Intention to Make a Normal Course Issuer Bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 28,445,000 Magna Common Shares (the "Bid"), representing approximately 10% of its public float. As at November 1, 2022, Magna had 285,819,254 issued and outstanding Common Shares, including a public float of 284,454,286 Common Shares.