High Liner Foods Streamlines Shares, Boosts Value

High Liner Foods (TSE:HLF) has released an update.

High Liner Foods has finalized a settlement leading to the cancellation of 2.43 million shares, reducing the total shares outstanding by 7.4%, aimed at enhancing shareholder value and earnings per share. This move follows legal proceedings related to the acquisition of Rubicon Resources, with the settlement also including a payment of approximately USD $5.79 million from Rubicon vendors to High Liner Foods.

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