<SEC-DOCUMENT>0001171843-24-004629.txt : 20240809
<SEC-HEADER>0001171843-24-004629.hdr.sgml : 20240809
<ACCEPTANCE-DATETIME>20240809060031
ACCESSION NUMBER:		0001171843-24-004629
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20240809
FILED AS OF DATE:		20240809
DATE AS OF CHANGE:		20240809

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAGNA INTERNATIONAL INC
		CENTRAL INDEX KEY:			0000749098
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR VEHICLE PARTS & ACCESSORIES [3714]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11444
		FILM NUMBER:		241190266

	BUSINESS ADDRESS:	
		STREET 1:		337 MAGNA DRIVE
		STREET 2:		N/A
		CITY:			AURORA, ONTARIO, CAN
		STATE:			A6
		ZIP:			L4G 7K1
		BUSINESS PHONE:		9057262462

	MAIL ADDRESS:	
		STREET 1:		337 MAGNA DRIVE
		STREET 2:		N/A
		CITY:			AURORA, ONTARIO, CAN
		STATE:			A6
		ZIP:			L4G 7K1
</SEC-HEADER>
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<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_080824.htm
<DESCRIPTION>FORM 6-K
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<html><head><title></title></head><body style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><div align="center"><div style="margin-top: 3pt; margin-bottom: 12pt;"><div style="font-size: 1pt; border-top: Black 2.5pt solid; border-bottom: Black 1.1pt solid; width: 100%;">&#160;</div></div><p style="font-size: 14pt;" align="center"><strong>UNITED STATES</strong><br /><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br /><strong>Washington, D.C. 20549</strong></p><p style="font-size: 14pt; text-transform: uppercase;" align="center"><strong>Form 6-K</strong></p><p style="text-align: center;"><strong></strong></p><p style="text-align: center;"><strong>Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 </strong></p><p style="text-align: left;"><strong></strong><strong>For the month of August 2024</strong></p><p style="text-align: left;"><strong>Commission File Number:</strong> <strong>001-11444</strong></p><p style="text-align: center; border-bottom: solid 1pt black; margin: 0;"><font style="font-size: 12pt;"><strong>MAGNA INTERNATIONAL INC.</strong></font></p><p style="text-align: center; margin: 0;">(Exact Name of Registrant as specified in its Charter)</p><p style="text-align: center; margin: 0;">&#160;</p><p style="text-align: center; border-bottom: solid 1pt black; margin: 0;"><strong>337 Magna Drive,&#160;Aurora,&#160;Ontario,&#160;CANADA &#160;L4G 7K1&#160;</strong></p><p style="margin: 0;">(Address of principal executive office)</p><p style="margin: 0;">&#160;</p></div><p>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</p><p style="text-align: center;">Form 20-F &#9744;<!--&#160;--> &#160;&#160;&#160;&#160;&#160;Form 40-F &#9746; <!--X--></p><!--<p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): &#160;</p><p><strong>Note:&#160;</strong>Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): &#160;</p><p><strong>Note:&#160;</strong>Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.&#160;</p><p>Indicate by check mark whether the registrant, by furnishing the information contained in this Form, is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [&#160; ] No [x]</p><p>If &#8220;Yes&#8221; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-</p>--><hr style="page-break-after: always;" noshade="noshade" /><p style="text-align: center;"><strong>SIGNATURES</strong></p><p>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p><table style="font: 10pt Times New Roman; width: 100%;" border="0" cellspacing="0" cellpadding="0"><tr valign="top"><td>&#160;</td><td colspan="2"><strong>MAGNA INTERNATIONAL INC.</strong></td></tr><tr valign="top"><td>&#160;</td><td colspan="2">(Registrant)</td></tr><tr valign="top"><td style="width: 47%;">&#160;</td><td style="width: 6%;">&#160;</td><td style="text-align: center; width: 47%;">&#160;</td></tr><tr valign="top"><td>&#160;</td><td colspan="2"></td></tr><tr valign="top"><td>Date: <u>August 9, 2024</u></td><td>By:</td><td><u><em>/s/ "Bassem Shakeel"&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160;</em></u></td></tr><tr valign="top"><td>&#160;</td><td>&#160;</td><td>Bassem A. Shakeel,<!--"Bassem Shakeel"--></td></tr><tr valign="top"><td>&#160;</td><td>&#160;</td><td>Vice-President, Associate General Counsel and Corporate Secretary </td></tr><tr valign="top"><td>&#160;</td><td>&#160;</td><td style="text-align: center;"></td></tr></table><p><!-- pagebreak --></p><p><!--On August 9, 2024, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference. <br /><br />(c) Exhibit 99.1. Press release dated August 9, 2024--><hr style="page-break-after: always;" noshade="noshade" /><p style="text-align: center;"><font style="font-size: 10pt;"><strong>EXHIBITS</strong></font></p><p style="text-align: center;"><font style="font-size: 10pt;">&#160;</font></p><table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0"><tr><td>&#160;</td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td><font style="font-size: 10pt;">&#160;</font></td></tr><tr><td><a href="exh_991.htm"><strong>Exhibit&#160;99.1</strong></a></td><td width="20"><font style="font-size: 10pt;">&#160;</font></td><td><font style="font-size: 10pt;"><a href="exh_991.htm">Press release issued August 9, 2024, in which the Registrant recommends rejection of TRC Capital Investment Corporation&#8217;s &#8220;mini-tender&#8221; offer.</a> </font></td></tr></table></p></body></html>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"><html lang="en-US"><head><title>EdgarFiling</title><meta content="text/html; charset=windows-1252" ><meta name="GENERATOR" content="MSHTML 8.00.7601.18094" ></head><body bgcolor="#ffffff"><p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p><p style="text-align: center;"><font style="font-size: 14pt;">&#160;</font></p><table style="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 100%;" cellspacing="0" cellpadding="0"><tr><td><img src='exh991small_1.jpg' alt='logo' >&#160;</td><td style="text-align: right;"><font style="font-size: 12pt;">PRESS RELEASE</font></td></tr></table><p style="text-align: center;"><font style="font-size: 14pt;"><strong>Magna Recommends Rejection of "Mini-Tender" Offer</strong></font></p><p style="text-align: center;"><strong></strong></p><p>
 <p>AURORA, Ontario, Aug.  09, 2024  (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported that it has received notice of an unsolicited mini-tender offer made by TRC Capital Investment Corporation (&#8220;TRC Capital&#8221;) to purchase up to 2,000,000 Magna Common Shares, or less than 1% of Magna&#8217;s outstanding Common Shares, at a price of CDN $57.90 per share. Magna cautions shareholders that the mini-tender offer has been made at a price below recent market prices, representing a discount of 4.49% to the closing price of Magna&#8217;s Common Shares on the Toronto Stock Exchange (&#8220;TSX&#8221;) on July 29, 2024, the last trading day before the mini-tender offer commenced. Although the offering price represents a premium of 7.58% to yesterday&#8217;s closing price of Magna Common Shares on the TSX of CDN $53.82, the offer is highly conditional. TRC Capital&#8217;s offer states that it may withdraw its offer if, among other things, the market price of Magna Common Shares falls below CDN $57.58, for reference, the closing price on the TSX for Magna Common Shares on August 8, 2024, was CDN $53.82, which is already below this threshold; additionally, TRC Capital&#8217;s offer is not fully funded and is conditioned upon receipt of necessary financing on terms it deems reasonable in its sole discretion.</p>  <p><u>Magna does not endorse TRC Capital&#8217;s unsolicited mini-tender offer, is not affiliated or associated in any way with TRC Capital, and unequivocally recommends shareholders reject the TRC Capital offer.</u></p>  <p>TRC Capital has made many similar unsolicited mini-tender offers for shares of other public companies. Mini-tender offers typically seek to acquire less than 5% of a company&#8217;s outstanding shares, thereby avoiding many disclosure and procedural requirements applicable to formal take-over bids and tender offers under Canadian and United States securities legislation. Both the Canadian Securities Administrators (&#8220;CSA&#8221;) and the U.S. Securities and Exchange Commission (&#8220;SEC&#8221;) recommend that investors exercise caution with mini-tender offers and have expressed serious concerns about mini-tender offers, including the possibility that investors might tender to such offers without understanding the offer price relative to the current market price of their securities.</p>  <p>Comments from the CSA on mini-tenders can be found on the Ontario Securities Commission website at: <br >https://www.osc.ca/en/securities-law/instruments-rules-policies/6/61-301/csa-staff-notice-61-301-staff-guidance-practice-mini-tenders.</p>  <p>The SEC investor advisory regarding mini-tender offers can be found at:<br >http://www.sec.gov/investor/pubs/minitend.htm.</p>  <p>Magna urges shareholders to obtain current market quotations for their shares, consult with their broker or financial advisor and exercise caution with respect to TRC Capital&#8217;s offer. Magna recommends that shareholders who have not responded to TRC Capital&#8217;s mini-tender offer take no action. Shareholders who have already tendered their shares should seek to withdraw them. According to TRC Capital's offer documents, Magna shareholders who deposit their shares in acceptance of the offer may withdraw their shares at any time before August 30, 2024, by following the procedures described in TRC Capital&#8217;s offer documents.</p>  <p>Magna requests that a copy of this press release be included with all distributions of materials relating to TRC Capital&#8217;s mini-tender offer related to Magna Common Shares.</p>  <p align="justify">INVESTOR CONTACT<br >Louis Tonelli, Vice-President, Investor Relations <br >louis.tonelli@magna.com &#9474; 905.726.7035</p>  <p align="justify">MEDIA CONTACT <br >Tracy Fuerst, Vice-President, Corporate Communications &amp; PR <br >tracy.fuerst@magna.com &#9474; 248.761.7004</p>  <p align="left">OUR BUSINESS<sup>(</sup><sup>1</sup><sup>)</sup><br >Magna is more than one of the world&#8217;s largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team of over 179,000<sup>(</sup><sup>2</sup><sup>)</sup> employees across 343 manufacturing operations and 105 product development, engineering and sales centres spanning 28 countries. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape.&#160;</p>  <p>For further information about Magna (NYSE:MGA; TSX:MG), please visit&#160;www.magna.com or follow us on social.&#160;</p>  <p align="justify"><sup>(</sup><sup>1</sup><sup>)</sup>&#160;<em>Manufacturing operations, product development, engineering and sales </em><em>centres</em><em> include certain operations accounted for under the equity method.</em><br ><sup>(</sup><sup>2</sup><sup>)</sup>&#160;<em>Number of employees includes over</em><em> 16</em><em>8</em><em>,000</em><em> employees at our wholly owned or controlled entities and over</em><em> 1</em><em>1</em><em>,000</em><em> employees at certain operations accounted for under the equity method.</em></p> </p><p ></p></body></html>
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