09:40 AM EDT, 05/23/2025 (MT Newswires) -- Martinrea International ( MRETF ) on Friday said that the Toronto Stock Exchange approved its normal course issuer bid (NCIB).

The company may purchase for cancellation up to 7.1 million common shares, or about 10% of the public float, over a 12-month period expected to commence on or about May 27.

Martinrea ( MRETF ) bought back around 3.9 million shares for cancellation under the prior normal course issuer bid, which commenced on May 2, 2024 and terminated on May 1, at a weighted average price of approximately $11.25.

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