Stocks in play: Magna International Inc.
Today reported that it has received notice of an unsolicited mini-tender offer made by TRC Capital Investment Corporation to purchase up to 2,000,000 Magna Common Shares, or less than 1% of Magna’s outstanding Common Shares, at a price of $57.90 per share. Magna International Inc. shares T.MG are trading up $0.39 at $53.82.
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