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Air Canada (TSX:AC) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 35,783,842 shares, representing 9.98% of its issued and outstanding share capital. The shares repurchased will be cancelled.
The purpose of the bid is to generating shareholder value. The bid will expire on November 4, 2025. As of October 22, 2024, the company had 358,493,006 shares issued and outstanding.
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