Andlauer Healthcare Group (TSE:AND) has released an update.
Andlauer Healthcare Group Inc. has announced the preliminary results of its substantial issuer bid to repurchase and cancel 2 million shares for $90 million, reducing the outstanding shares by approximately 4.8%. This strategic move is expected to leave Andlauer Management Group, owned by CEO Michael Andlauer, with a nearly unchanged controlling interest of about 52.7%. Final details will be confirmed following verification by the depositary.
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