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Stock Market & Financial Investment News

News Breaks
June 11, 2014
12:08 EDTCPCanadian Pacific announces plans to purchase shares through private agreement
Canadian Pacific Railway announced that it intends to purchase for cancellation up to 456,791 of its common shares pursuant to private agreements to be entered into between CP and an arm's length third party seller. Purchases will be made in accordance with an issuer bid exemption order issued by the Ontario Securities Commission dated June 10, and pursuant to the Order, may be made in several transactions prior to March 16, 2015. The price CP will pay for the common shares purchased by way of the private agreements will be at a discount to the prevailing market price of CP common shares on the Toronto Stock Exchange at the time of purchase. Purchases will be counted towards CP's share purchase program announced on March 11 for up to 5,270,374 shares and will not exceed, in aggregate, one third of the maximum number of common shares CP may purchase under such program, being 1,756,791 common shares. CP was previously granted an issuer bid exemption order by the Ontario Securities Commission on March 28,permitting CP to make private agreement purchases of up to 1,300,000 of its common shares from an arm's length third-party seller. As of today, CP purchased 1,300,000 CP common shares under that order.
News For CP From The Last 14 Days
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August 20, 2014
06:26 EDTCPU.S. regulators call meeting with BNSF, Canadian Pacific over delays, WSJ says
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August 14, 2014
17:02 EDTCPPershing Square gives quarterly update on stakes
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