BRIEF-Magna recommends rejection of "mini-tender" offer

Fri Jul 15, 2016 5:57pm EDT
 
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July 15 (Reuters) - Magna International Inc :

* Magna recommends rejection of "mini-tender" offer

* Received notice of an unsolicited "mini-tender" offer made by TRC Capital Corporation

* Says "Mini-tender" offer made to purchase up to 2.5 million Magna common shares at a price of c$41.85 per share

* "does not endorse this unsolicited mini-tender offer and recommends that shareholders do not tender their shares" Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)