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TMRE Investors, LLC Announces Additional Holdings in Martinrea International Inc.
TMRE Investors, LLC Announces Additional Holdings in Martinrea International Inc. ...
About this update from Martinrea International Inc.
[{"type":"text","content":"\n \n \n \n TMRE Investors, LLC Announces Additional Holdings in Martinrea International Inc.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n NEW YORK\n \n ,\n \n Dec. 15, 2021\n \n /CNW/ - TMRE Investors, LLC (the \"\n \n Acquiror\n \n \") announces, pursuant to applicable requirements of Canadian securities laws, between\n \n December 1, 2021\n \n and\n \n December 14, 2021\n \n , it has acquired (the \"\n \n Acquisition\n \n \") an additional 1,707,000 common shares (\"\n \n Common\n \n \n Shares\n \n \") of Martinrea International Inc. (TSX: MRE, the \"\n \n Issuer\n \n \") on the Toronto Stock Exchange at a weighted-average price of\n \n C$10.54\n \n per Common Share and\n \n C$17,997,470\n \n in the aggregate, representing approximately 2.12% of the issued and outstanding Common Shares. Prior to the Acquisition, the Acquiror beneficially owned and had control over an aggregate of 8,226,400 Common Shares, representing approximately 10.24% of the issued and outstanding Common Shares. As a result of the Acquisition, the Acquiror beneficially owns and has control over an aggregate of 9,933,400 Common Shares, representing approximately 12.36% of the issued and outstanding Common Shares.\n \n \n The Acquiror completed the Acquisition for investment purposes. The Acquiror and its joint actor (as noted below) may acquire additional securities of the Issuer or may dispose of any or all of its holdings of Common Shares, from time to time through, among other things, transactions on the open market or in private transactions or otherwise, on such terms and at such times as the Acquiror and its joint actor, respectively, may deem advisable depending upon an ongoing evaluation of the Common Shares, the Issuer, prevailing market conditions, the availability of Common Shares at prices that would make the purchase or sale of Common Shares desirable, other investment opportunities, liquidity requirements of the Acquiror and its joint actor, respectively, and/or other considerations and in such manner as they deem appropriate, subjec...