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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