TFI International Announces Renewal of Normal Course Issuer Bid, Co May Purchase For Cancellation A Maximum Of 7,918,102 Common Shares, Representing 10% Of The 79,181,029 Shares Forming Tfi International's Public Float As At October 21, 2024
Portfolio Pulse from Benzinga Newsdesk
TFI International has announced the renewal of its normal course issuer bid, allowing the company to repurchase up to 7,918,102 common shares, representing 10% of its public float. This move is approved by the Toronto Stock Exchange and will take place from November 2, 2024, to November 1, 2025.
October 28, 2024 | 8:20 pm
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TFI International has renewed its normal course issuer bid, allowing the repurchase of up to 7,918,102 shares, which is 10% of its public float. This could positively impact the stock price by reducing the number of shares outstanding.
The renewal of the normal course issuer bid allows TFI International to repurchase a significant portion of its shares, which can lead to a reduction in the number of shares outstanding. This often results in an increase in earnings per share and can positively influence the stock price. The approval by the TSX and the ability to purchase shares on both the TSX and NYSE further supports the potential positive impact on the stock.
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IMPORTANCE 80
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