- Garrett Motion Inc (NASDAQ: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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