Reported Monday, CAE Received Regulatory Approval for Normal Course Issuer Bid To Repurchase Up To 15.9M Common Shares
Portfolio Pulse from Benzinga Newsdesk
CAE has received regulatory approval for a Normal Course Issuer Bid to repurchase up to 15.9 million common shares.
May 28, 2024 | 6:32 am
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CAE has received regulatory approval to repurchase up to 15.9 million common shares, which could positively impact the stock price by reducing the number of shares outstanding and potentially increasing earnings per share.
The approval for a share repurchase program typically signals confidence from the company in its own stock and can lead to a reduction in the number of shares outstanding, thereby potentially increasing the earnings per share and stock price.
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