Andlauer Healthcare Group (TSE:AND) has released an update.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Andlauer Healthcare Group Inc. has successfully completed its substantial issuer bid, purchasing 2 million shares for cancellation at a total cost of $90 million, representing about 4.8% of its issued and outstanding shares. The buyback has slightly adjusted the ownership percentage of Andlauer Management Group Inc., which is controlled by CEO Michael Andlauer, maintaining approximately 52.7% of the company’s shares. Shareholders who took part in the offer had a portion of their shares bought back, reflecting the company’s commitment to optimizing shareholder value.
For further insights into TSE:AND stock, check out TipRanks’ Stock Analysis page.
