Tsx accepts notice of intention to make normal course issuer bid

Aurora, ontario, nov. 11, 2020 (globe newswire) -- mag na 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 29,623,300 magna common shares (the "bid"), representing approximately 10% of its public float. as at november 2, 2020, magna had 299,263,809 issued and outstanding common shares, including a public float of 296,233,190 common shares.
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