Cascades Inc. - Normal course issuer bid.KINGSEY FALLS, Quebec--(BUSINESS WIRE)--May 24, 1996--CASCADES INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). , ME: CAS ) Cascades Inc. ("Cascades") announces that both the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg and the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. have accepted its notice of intention to begin a normal course issuer bid in respect of its Common Shares. Purchases pursuant to the normal course issuer bid will not commence prior to May 29, 1996 and will not continue beyond May 28, 1997. The notice will enable Cascades to acquire up to 2,870,072 Common Shares which represent a total of 5 percent of the 57,401,432 issued and outstanding Common Shares. During the last 12 months, Cascades has purchased 384,500 Common Shares at the average price of $6.42. All purchases will be made through the facilities and in accordance with the rules, by-laws and policies of the Montreal Exchange and the Toronto Stock Exchange. Cascades considers that the shares to be acquired may, from time to time, be undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. in the market and represent an excellent opportunity to enhance shareholder value. CONTACT: Cascades Inc. Andre Belzile, 819/363-5140 Robert F. Hall, 819/363-5130 |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion