Fairfax Financial Holdings (TSE:FFH) has released an update.
Fairfax Financial Holdings has significantly increased its stake in Ensign Energy Services Inc., having terminated total return swaps for over 7.7 million shares and directly acquiring the same number at C$2.34 each. This purchase raises Fairfax’s ownership to approximately 16.10% of Ensign’s issued and outstanding shares, marking an end to its involvement with any swap contracts. The company may continue to adjust its investment based on Ensign’s market performance and strategic developments.
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