Boyd Group authorizes repurchases of up to 2.8 million shares

Boyd Group Services ($BGSI) received approval for a normal-course issuer bid covering up to 2,779,352 common shares, equivalent to approximately 10% of its public float. The program permits purchases in Canada and the United States, including through the TSX and NYSE, subject to the relevant market rules.

Shares acquired under the program will be canceled, reducing the share count to the extent purchases are actually made. The authorization is not a completed repurchase and does not guarantee that Boyd will use the entire allowance. Purchase timing and amounts remain discretionary. The announcement concerns deployment of capital and potential changes in shares outstanding rather than a new operating acquisition, a dividend increase or a revision to the company’s earnings outlook.

Sources:

• Boyd Group Services — issuer-bid announcement, GlobeNewswire via StockTitan