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Stock impact report

CP announces intention to launch new share repurchase program

Canadian Pacific Kansas City Limited Common Shares (CP) 
Last canadian pacific kansas city limited common shares earnings: 4/21 04:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.cpr.ca/financials/default.aspx
Company Research Source: PR Newswire
CALGARY, Oct. 17, 2018 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) today announced that it intends to seek Toronto Stock Exchange (TSX) acceptance of a new normal course issuer bid. Subject to TSX acceptance, CP's Board of Directors has authorized the repurchase of up to approximately 5.68 million of its common shares, for cancellation, representing approximately 4 percent of CP's "public float" of common shares as at October 11, 2018."With the new share repurchase program, we are renewing our commitment to return cash to shareholders in a disciplined, opportunistic manner," said CP's President and CEO Keith Creel. "We have established a solid foundation to build on, and we believe that the long-term outlook for CP remains strong as we continue to pursue sustainable, profitable growth."The actual number of common shares that will be repurchased, and the timing of any such purchases, will be determined by CP, subject to the limits imposed by the TSX. There cannot be any assura Show less Read more
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