CIBC Plans To Buy Back Up To 30M Stock, Targets 3.3% Of Outstanding Shares For Cancellation Under New Buyback Plan
Benzinga Newsdesk 5 months ago
NewsBuybacks
CIBC (TSX:CM) (NYSE:CM) today announced its intention to purchase for cancellation up to 30 million common shares under a normal course issuer bid, subject to the approval of the Toronto Stock Exchange (TSX). Common
CIBC (TSX:CM) (NYSE:CM) today announced its intention to purchase for cancellation up to 30 million common shares under a normal course issuer bid, subject to the approval of the Toronto Stock Exchange (TSX). Common shares that may be purchased for cancellation represent approximately 3.3% of outstanding common shares as at April 30, 2026.