Jun. 6 at 12:56 PM
$CAE intends to renew its buyback program to repurchase up to 5% of its stock for cancellation over the course of a one-year period.
The Canadian training simulation company said Friday that it has received regulatory approval to buy back up to 16 million shares by way of a normal course issuer bid.
Shares have been lightly under pressure in 2025, falling 2% since the start of the year to close on Thursday at C
$35.79 (US
$26.17).
At that price, the value of the shares targeted for buyback would be approximately C
$573.3 million.
CAE is authorized to begin repurchasing shares on June 10.