CI Financial (TSE:CIX) has released an update.
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CI Financial Corp. has increased the price per share in its substantial issuer bid from $17.50 to $18.25, consequently raising the total offer value to $91.25 million. Additionally, the offer’s expiry date has been extended to October 3, 2024, while all other terms remain unchanged. This strategic move aims to repurchase up to 5,000,000 of its common shares, signaling confidence in the company’s value to investors.
For further insights into TSE:CIX stock, check out TipRanks’ Stock Analysis page.