TSX:XCapital Markets
TMX Group Expands Buyback As Valuation And EPS Trade Offs Emerge
TMX Group (TSX:X) has amended its normal course issuer bid to increase the maximum number of shares it is allowed to repurchase.
The change expands the percentage of outstanding shares that can be bought back under the existing program.
The updated buyback terms reflect TMX Group's current approach to managing its capital structure.
For investors tracking TMX Group, the amended buyback comes with the stock trading around CA$53.7 and a 3 year return of 92.9%, and 122.8% over 5 years. In the...