Alimentation Couche-Tard secures approval to repurchase up to 74.19 million common shares under its renewed program.
Alimentation Couche-Tard (ATD:CA) received Toronto Stock Exchange approval to repurchase up to 74.19 million common shares. The move renews the company’s existing share buyback program, allowing it to purchase the shares over the coming months.
The repurchase limit represents approximately 7.5% of Couche-Tard’s outstanding shares, based on current float. The company did not disclose a timeline for completing the buybacks but noted the program aligns with its capital allocation strategy.
Shares of ATD:CA showed little immediate reaction in after-hours trading following the announcement.