TSX:MFIFood
Maple Leaf Foods Buyback Adds New Angle To Valuation And Cash Use
Maple Leaf Foods (TSX:MFI) has launched a new Normal Course Issuer Bid to repurchase up to 7.3 million shares.
The authorization represents more than 5% of the company’s outstanding share capital.
The buyback is expected to run over the next year, subject to market conditions and regulatory limits.
Maple Leaf Foods is a major Canadian food company with a focus on packaged meats and plant protein products. For you as an investor, the new buyback sits alongside other capital decisions such as...