Garrett Motion Plans $100M Stock Buyback

  • Garrett Motion Inc 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.
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GTXGarrett Motion Inc
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