TSX:ATRLConstruction
AtkinsRéalis Buyback Plan Weighs Share Cancellations Against Modest Dividend Policy
AtkinsRéalis Group (TSX:ATRL) has announced a new share repurchase program covering up to 8.3% of its outstanding shares.
The company plans to use an automatic share purchase plan to execute part of the buyback.
The program includes provisions for proportional share purchases from a major institutional investor, Caisse de dépôt et placement du Québec.
At a current share price of CA$92.25, AtkinsRéalis Group comes into this announcement after a strong multi year run, with the stock up 42.6%...