Magna International Inc. Buyback
OLI recorded this information on 2/13/2024
Company:
Magna International Inc.
Buyback:
MGA buyback
Share Amount Authorized:
300,000
Buyback Details:
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 300,000 Magna Common Shares (the "Bid"), representing approximately 0.11% of its public float. As at February 1, 2024, Magna had 286,780,238 issued and outstanding Common Shares, including a public float of 286,433,600 Common Shares.
Magna International is an automotive supplier that has vehicle engineering and contract manufacturing capabilities, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems. Co. also has electronic and software capabilities across many of these areas. Co. is organized under four operating segments: Body Exteriors & Structures, Power & Vision, Seating Systems and Complete Vehicles
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Buy (2.75 out of 4) 15th percentile
(ranked lower than approx. 85% of all stocks covered)
Analysts' Target Price: MGA Stock Forecast Based on Zacks ABR data; powered by Xignite |