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)
Copyright (c) 2025 Dow Jones & Company, Inc.