Onex Corporation Announces Variation of Price Range and Extension of Its Previously Announced Substantial Issuer Bid
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Onex Corporation has announced an amendment to its substantial issuer bid, extending the offer and varying the price range for purchasing up to $400 million of its subordinate voting shares for cancellation.
December 12, 2024 | 10:30 pm
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Onex Corporation has extended and varied the price range of its substantial issuer bid to purchase up to $400 million of its shares for cancellation.
The extension and variation of the price range in Onex's substantial issuer bid indicates a strategic move to manage its capital structure, which could positively impact the stock price by reducing the number of shares outstanding and potentially increasing earnings per share.
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IMPORTANCE 70
RELEVANCE 80