trending Market Intelligence /marketintelligence/en/news-insights/trending/yfdnvjltrqi9vhxktodp9q2 content esgSubNav
In This List

Canadian Pacific details share repurchase program

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future


Canadian Pacific details share repurchase program

Canadian Pacific Railway Ltd. announced Feb. 14 it intends to repurchase up to 325,000 common shares from a third-party seller between Feb. 20 and May 14.

The railroad and freight transport company said the program will form part of its normal course issuer bid for up to 4,384,062 common shares announced on May 10, 2017.

Canadian Pacific said it will pay a discount to the prevailing market price of CP's common shares on the Canadian markets at the time of repurchase. All common shares acquired will be canceled.

The company completed in January the first of its two share buyback programs announced Dec. 11, 2017, repurchasing an aggregate of 134,000 common shares for about C$29.5 million.