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Air Canada Completes $800 Million Substantial Issuer Bid
The airline bought 27,586,206 shares at $29 each, reducing its outstanding share count by about 9.8%, according to the company.
- Air Canada completed its $800 million substantial issuer bid, purchasing 27,586,206 shares at $29 per share for cancellation.
- The purchased shares represented about 9.8% of Air Canada’s outstanding shares before the offer.
- About 252.7 million shares will remain outstanding after the transaction.
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The Canadian airline Air Canada has successfully completed a public offer to acquire shares of its own for a total amount of 800 million Canadian dollars (about 496 million euros), after amortizing a total of 27.58 million securities at a fixed price of 29 Canadian dollars (18 euros) per share. According to [...] The Air Canada ticket completes an OPA of own shares for 530 million euros aparece primero en Forbes España.
Coverage Details
Total News Sources7
Leaning Left3Leaning Right2Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 17%
R 33%
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