tiprankstipranks
Couche-Tard Launches Multi-Billion Share Buyback
Company Announcements

Couche-Tard Launches Multi-Billion Share Buyback

Alimentation Couche-Tard (Cl. A) (TSE:ATD) has released an update.

Don't Miss our Black Friday Offers:

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.

For further insights into TSE:ATD stock, check out TipRanks’ Stock Analysis page.

Related Articles
Carrie WilliamsAlimentation Couche-Tard Inc (ATD) Discloses Q3 Dividend: What Shareholders Should Know
TipRanks Canadian Auto-Generated NewsdeskCouche-Tard Reports Minor Earnings Dip Amidst Economic Challenges
TipRanks Canadian Auto-Generated NewsdeskCouche-Tard Buys Back Shares in Strategic Deal
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App