On Wednesday, 2025‑11‑05, Magna International Inc. announced the renewal of its normal course issuer bid (NCIB), allowing the company to purchase up to 25.3 million shares—roughly 10% of its public float—through November 6, 2026. The program will commence on November 7, 2025, and run through the end of the following year.
The NCIB is intended to facilitate share cancellations and fund stock‑based compensation. Under the program, purchases can be made on the TSX and NYSE, subject to daily volume limits, and may also be executed through alternative trading systems or private agreements at a discount. An automatic share purchase plan will be activated to streamline transactions during blackout periods.
The expansion of the buyback program signals management’s confidence in the company’s financial position and its commitment to returning value to shareholders. By reducing the number of shares outstanding, the program could lift earnings per share and support the stock price, while also providing flexibility to finance future compensation plans.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.