RB Global (RBA) announced that its board of directors has authorized a new share repurchase program under which the company may repurchase up to $500M worth of its common shares, subject to the approval of the Toronto Stock Exchange. The company intends to make an application for approval of a normal course issuer bid in March. The company believes that the repurchase of its common shares at certain market prices may be an attractive and appropriate use of the company’s funds.
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