Therefore,
Layer-tard will buy up 10:
(Laval) Pout-tard food will buy up to 10 % of the actions that make up its “floating”. For example, which, depending on the current title of the title, would represent a total investment of 5.8 billion. Meanwhile,
Posted at 9:39 a.m.
The Laval company made the announcement on Monday morning. Nevertheless, a few days after the failure of its negotiations with Seven & I Holdings. Furthermore,
Couche-Tard wanted to acquire the Japanese company to get their hands on the 7-Eleven convenience stores. Consequently, but the talks ended last week.
Now that this project layer-tard will buy up 10 has failed. Couche-Tard believes that the acquisition of some 77 million shares “constitutes an appropriate use of its funds and an investment desirable for it”.
By buying its actions, a company reduces the number of securities in circulation. Its profit is thus less diluted between the various shareholders.
The prospect of a possible share buy-back program gave momentum to the value. of the Action of Couche-Tard on the Toronto Stock Exchange last week.
“With our solid assessment. confidence in our long -term strategy, we are convinced that this regime represents an effective means of generating sustainable value for our shareholders,” said the chief of financial management, Filipe Da Silva, in a press release.
layer-tard will buy up 10 — Layer-tard will buy up 10: (Laval) Pout-tard food layer-tard will buy up 10 will buy up to 10 % of the actions that make up its “floating”. which, depending on the current title of the title, would represent a total investment of 5.8 billion. Posted at 9:39 a.m. The Laval company mad.
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