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Air Canada releases preliminary results of $500 million substantial issuer bid

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Air Canada releases preliminary results of $500 million substantial issuer bid

Air Canada said that it expects purchase around 26.6 million shares for C$500 million ($362.4 million) under its now-expired substantial issuer bid.The offer, which allowed shareholders to tender shares at prices between C$18.50 and C$21 ($15.22), was oversubscribed.Based on preliminary results the ...

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