CAE to Renew Buyback Program For 5% of Public Float

Dow Jones
Jun 06, 2025
 

By Adriano Marchese

 

CAE intends to renew its buyback program to repurchase up to 5% of its stock for cancellation over the course of a one-year period.

The Canadian training simulation company said Friday that it has received regulatory approval to buy back up to 16 million shares by way of a normal course issuer bid.

Shares have been lightly under pressure in 2025, falling by 2% since the start of the year to close on Thursday at 35.79 Canadian dollars ($26.17).

At that price, the value of the shares intended for buyback would be worth about C$573.3 million.

CAE can start buying back the shares from June 10.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

June 06, 2025 08:30 ET (12:30 GMT)

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