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Magna announces TSX approval for up to 25.3M share NCIB

Subject to the approval by the Toronto Stock Exchange, the company’s board of directors approved a new Normal Course Issuer Bid to purchase up to approximately 25.3M of its common shares, representing 10% of its public float of common shares. This NCIB is expected to be effective on November 7 and will terminate no later than November 6.

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