Andlauer Healthcare Group, Inc. (TSE:AND) has released an update.
Andlauer Healthcare Group Inc. announced a significant stock buyback plan, offering to repurchase up to 2 million subordinate voting shares at $45 each, amounting to a maximum of $90 million. This substantial issuer bid, not dependent on a minimum number of shares deposited, may be adjusted by the company based on certain conditions. The company cites the repurchase as a beneficial use of excess cash and an attractive investment, with major stakeholders including the CEO’s Andlauer Management Group and other directors indicating their intention to participate.
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