Magna renews buyback program for up to 25,778,000 shares
MGA•Magna International renewed its buyback program to repurchase up to 25,778,000 common shares, approximately 10% of its public float, from November 9, 2026, through no later than November 8, 2027.
1. New buyback program
Magna International renewed its normal course issuer bid to repurchase up to 25,778,000 common shares, approximately 10% of its public float. The program begins November 9, 2026, and ends no later than November 8, 2027; repurchased shares will be canceled or used for stock-based compensation programs.
2. Previous program completed
The previous buyback repurchased 25.3 million shares by October 30, 2026, at weighted-average prices of CAD 86.13 and USD 62.10. Magna canceled 25,044,933 shares, with the remainder used for stock-based compensation programs.
