Magna International Gets TSX Green Light to Buy Back Up to 10% of Public Float

Dow Jones

Nov 05, 2025

By Adriano Marchese

Magna International plans to launch a share-repurchase program to buy back up to 10% of its issued and outstanding common shares over the course of a year.

The Canadian auto-parts maker said Wednesday that the Toronto Stock Exchange has approved its normal course issuer bid to buy back up to 25.3 million shares for cancellation.

Magna has faced a turbulent 2025, navigating U.S. tariffs, global auto production slowdowns, supply chain disruptions, and inflationary pressures. Despite the headwinds, the company recently lifted its sales forecast on the back of a stronger production outlook in North America and China, a bullish signal for the global auto sector.

Shares have risen over the course of the year, up 15% since the start of 2025 to close on Tuesday at 69.01 Canadian dollars ($48.93).

At Tuesday's price, the value of the shares intended for buyback would be worth about C$1.75 billion.

Magna can begin buying back shares starting on Nov. 7.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 05, 2025 07:07 ET (12:07 GMT)

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