Garrett Motion Plans $100M Stock Buyback


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  • Garrett Motion Inc (NASDAQ:GTX) has authorized a $100 million share repurchase program valid until November 15, 2022. 
  • Purchases will be made pro-rata between Series A Preferred and common shares, with the $100 million split 4.0:1.0 between Series A Preferred shares and common shares.
  • Garrett held $534 million in cash and equivalents as of September 30, 2021.
  • Price Action: GTX shares are trading higher by 2.30% at $8.00 on the last check Tuesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: NewsBuybacksSmall CapBriefs