Tsx accepts notice of intention to make normal course issuer bid

Aurora, ontario, nov. 10, 2021 (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 29,948,000 magna common shares (the "bid"), representing approximately 10% of its public float. as at november 1, 2021, magna had 300,752,976 issued and outstanding common shares, including a public float of 299,481,694 common shares.
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