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Linamar buys 241,835 shares in Hungarian unit

Farm machinery maker and automotive industry supplier Linamar Hungary on Wednesday said its parent company Linamar Corporation of Canada acquired 241,835 of its shares in a voluntary stock offer ended June 14.

Linamar Corporation launched an offer at HUF 2,570 apiece on April 27.

Linamar Corporation held a 99.47% direct and indirect stake in Linamar Hungary before the offer.