tiprankstipranks
Trending News
More News >

Coveo Solutions Executes $50M Share Buyback

Story Highlights
Coveo Solutions Executes $50M Share Buyback

Coveo Solutions (TSE:CVO) has released an update.

Confident Investing Starts Here:

Coveo Solutions Inc. is set to acquire and cancel approximately 6.24% of its issued Subordinate Voting Shares for C$50 million, at C$7.70 each, after the conclusion of its substantial issuer bid. The offer was well received, with shares tendered exceeding the number available for purchase, leading to a proration of approximately 25.91% for those who tendered at or below the purchase price. This strategic buyback aims to enhance shareholder value and comes alongside a Relief Order granted by the Autorité des marchés financiers.

For further insights into TSE:CVO stock, check out TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App