Restaurant Brands (QSR) announced that it has filed, and the Toronto Stock Exchange has accepted, notice of RBI’s intention to renew its normal course issuer bid for its common shares. The NCIB is being conducted in furtherance of RBI’s board-approved share repurchase authorization that allows RBI to purchase up to $1B of its common shares through September 30, 2027. The Repurchase Authorization replaces RBI’s prior two-year authorization to repurchase up to the same $1B of its common shares until September 30, 2025. “While this authorization preserves our capital allocation flexibility, we remain committed to prioritizing debt reduction in the near term.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on QSR:
- Restaurant Brands downgraded to Neutral from Buy at Northcoast
- Restaurant Brands management to meet with Oppenheimer
- SHOP, LULU, QSR: Fears of Recession Grow in Canada as Economy Contracts
- Morning News Wrap-Up: Thursday’s Biggest Stock Market Stories!
- Restaurant Brands International (QSR) Adds EV Charging Stations at Tim Hortons Locations