Waste Connections Renews Share Buyback Program
By Robb M. Stewart
Waste Connections has the green light from the Toronto Stock Exchange to buy back up to 5% of its issued and outstanding shares over the next 12 months.
The solid waste services company said Thursday it has approval to renew a normal course issuer bid for up to 12.9 million of its shares during a period through Aug. 11, 2025. Any shares will be purchased on the open market through the facilities of the Toronto exchange, New York Stock Exchange or an alternative Canadian trading system.
The renewal will follow the expiry of the current buyback program on Friday, under which Waste Connections hasn't bought any of the 12.9 million shares it has the okay to repurchase. The company's shares last closed at C$264.39 ($192.17) in Toronto, up 25% so far in 2024.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
August 08, 2024 09:15 ET (13:15 GMT)
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