Evertz Technologies (TSE:ET) has released an update.
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Evertz Technologies has received approval from the Toronto Stock Exchange for a Normal Course Issuer Bid to repurchase up to 3,797,308 of its common shares over the next year. The company believes its shares are undervalued and sees this as an attractive investment opportunity. All shares repurchased will be canceled, potentially boosting shareholder value.
For further insights into TSE:ET stock, check out TipRanks’ Stock Analysis page.