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Martinrea gets TSX approval to repurchase up to 10% of its shares over 12 months.

Company Fundamentals
25 May 2026
GlobeNewsWire
View Source
Bullish
pluang ai news

Martinrea International Inc. announced that the Toronto Stock Exchange has approved its normal course issuer bid allowing the company to repurchase up to 6.87 million common shares, about 10% of its public float, from May 27, 2026, to May 26, 2027. This move follows a prior bid where Martinrea bought back over 2.3 million shares at an average price of $10.03. The company believes its shares may sometimes trade below their true value and sees repurchasing shares as a good use of funds to benefit remaining shareholders. Shares bought back will be cancelled, potentially increasing value for shareholders.

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