Fairfax Financial Holdings Ltd (TSE:FFH) has released an update.
Fairfax Financial Holdings Ltd has repurchased 275,000 shares from its CEO Prem Watsa for C$1,512.89 each, totaling approximately US$304.3 million, a move approved by independent directors and seen as accretive to shareholders. The buyback, at a 3.7% discount from the May 10 closing price, is part of a broader effort by Fairfax to repurchase undervalued shares, having already bought back over 354,000 shares in 2024. Watsa, who retains significant control of Fairfax, sold the shares for estate planning, reiterating his confidence in the company’s undervalued stock and bright future.
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