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Magna obtains issuer bid exemption orders to permit purchases by way of private agreement
2014-11-26 03:01:35| Automakers - Topix.net
Any purchases of our Common Shares made by way of private agreement under the Orders will be at a discount to the prevailing market price, may be made in tranches over time, and must otherwise comply with the terms of each of the Orders, including that: only one such purchase is permitted per calendar week; any such purchase must occur prior to the expiry of our Normal Course Issuer Bid on ; and the maximum number of Common Shares which may be purchased by way of all such private agreements cannot exceed 6,666,666, being one-third of the total number of Common Shares which may be purchased under the Bid.
Tags: private
agreement
orders
bid
Category:Automotive