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Leon's completes C$200 million stock purchase.

  • Periodical
  • Furniture Today. 1/17/2022, Vol. 46 Issue 20, p19-19. 1/7p.
  • The Toronto-based retailgroup took up and paid for7,999,993 common shares ata price of C$25 per commonshare under the offer, representingan aggregate purchaseprice of approximatelyC$200 million and approximately10.4% of the total numberof the company's issuedand outstanding commonshares before giving effect tothe offer. TORONTO -- Leon's FurnitureLimited, parent company ofCanadian home furnishingsretailer Leon's, announcedthe completion of a stockpurchase and cancellation ofC$200 million worth of commonshares. The offer was carried outas a "modified Dutch auction,"which provides holders ofcommon shares two methodsof tendering to the offer. [Extracted from the article]
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