Alimentation Couche-Tard (Cl. A) (TSE:ATD) has released an update.
Alimentation Couche-Tard Inc. has announced the renewal of its share repurchase program, enabling the company to buy back up to 78 million shares, which amounts to 10% of its public float, with an investment of roughly $4.3 billion USD. The repurchases are slated to start on May 1, 2024, and could potentially enhance the value for existing shareholders by reducing the number of shares in circulation. The program follows a previous one where the company repurchased over 25 million shares, demonstrating a continued strategy to utilize its funds to buy back shares in the interest of its stakeholders.
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