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Sleep Country Canada to repurchase shares

Specialty mattress retailer Sleep Country Canada Holdings Inc. said Dec. 4 that the Toronto Stock Exchange accepted its notice of intention to repurchase up to 1.6 million common shares through the TSX or through alternative Canadian trading platforms.

The shares make up about 4.5% of the company's public float as of Oct. 31, according to the release. Sleep Country said the purchases will take place over the next 12 months starting Dec. 7.

Under the notice, the company may buy up to a daily maximum of 21,005 shares. Sleep Country has 37,649,632 issued and outstanding shares as of Nov. 30, according to the note.