Savaria (TSE:SIS) has released an update.
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Marcel Bourassa, Executive Chairman of Savaria Corporation, has sold 2 million common shares for $41.26 million, reducing his stake in the company to 16.09%. Despite the sale, Mr. Bourassa remains the largest shareholder and states the proceeds will go towards personal matters, including family estate planning and philanthropic efforts.
For further insights into TSE:SIS stock, check out TipRanks’ Stock Analysis page.
