TSX:KXSSoftware
Is Kinaxis’ (TSX:KXS) Bigger Buyback Plan Reframing Its Long-Term Capital Allocation Story?
Kinaxis Inc. has announced plans to amend its normal course issuer bid, seeking approval to increase its potential share repurchases from 5% to 10% of its public float, with about US$54 million already invested and a possible additional US$284 million earmarked once blackout and approval conditions are met.
By moving to the maximum repurchase level permitted under Toronto Stock Exchange rules, Kinaxis is signaling a stronger commitment to returning capital through buybacks while it prepares...