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Canadian-owned automotive industry supplier and farm machinery maker Linamar Hungary on Tuesday said its shares would be delisted from the Budapest Stock Exchange (BSE) on September 7.
The last day of trading in the shares will be September 1.
Canada's Linamar Corporation said early in August that it would exercise its squeeze-out right and pay the remaining shareholders in Linamar Hungary HUF 2,570 per share. Linamar Corporation's stake in the unit reached HUF 99.49% following a voluntary purchase offer, giving it the squeeze-out right.