Altus Group Announces Preliminary Results of Substantial Issuer Bid
Source: The Manila times
Published on: 2026-04-22 13:06
TORONTO, April 22, 2026 (GLOBE NEWSWIRE) -- Altus Group Limited ("Altus Group" or the "Company") (TSX: AIF), a leading provider of commercial real estate ("CRE") intelligence, today announced the preliminary results of its substantial issuer bid (the "SIB"), pursuant to which Altus Group offered to purchase for cancellation a number of its common shares ("Shares") for an aggregate purchase price not to exceed C$200 million at a purchase price of not less than C$42.00 and not more than C$52.00 per Share. The SIB expired at 5:00 p.m. (Toronto time) on Tuesday, April 21, 2026 (the "Expiration Time"). Preliminary Results of SIB In accordance with the terms and conditions of the SIB and based on the preliminary calculation of TSX Trust Company (the "Depositary") as depositary for the SIB, Altus Group expects to take up and pay for approximately 3,846,153 Shares at a price of C$52.00 per Sha...
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