On Friday February 5, 2016, after market close, CN announced that it will repurchase a portion of its common stock under a specific share repurchase program, which will form part of CN's 12-month normal course issuer bid (NCIB) totaling 33 million shares announced on October 27, 2015. The daily repurchases will cap out at 1,500,000 of CN common shares with the bids running from March 1, 2016 to March 11, 2016. CN will be purchasing the common shares from a third party at a price that will be neg ....

05 Feb 2016
CANADIAN NATIONAL RAILWAY COMPANY (CNR) ANNOUNCES SHARE REPURCHASE UNDER NCIB

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CANADIAN NATIONAL RAILWAY COMPANY (CNR) ANNOUNCES SHARE REPURCHASE UNDER NCIB
Canadian National Railway Company (CNR:TSE) | 0 0 (-0.4%) | Mkt Cap: 71,463m
- Published:
05 Feb 2016 -
Author:
Steven I. Paget -
Pages:
3 -
On Friday February 5, 2016, after market close, CN announced that it will repurchase a portion of its common stock under a specific share repurchase program, which will form part of CN's 12-month normal course issuer bid (NCIB) totaling 33 million shares announced on October 27, 2015. The daily repurchases will cap out at 1,500,000 of CN common shares with the bids running from March 1, 2016 to March 11, 2016. CN will be purchasing the common shares from a third party at a price that will be neg ....