MONTREAL, Que. — CN announced today that it intends to purchase for cancellation up to five million of its common shares outstanding, or approximately one per cent of its common share outstanding at Nov. 30, 2007.
The purchase will form part of CN’s 33-million share repurchase program announced on July 23, 2007.
Such purchase will be made pursuant to an issuer bid exemption order issued by the Ontario Securities Commission and will take place by way of one or several purchases before the end of February 2008.
Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry. All posts by Truck News