BRP Announces Preliminary Results of Substantial Issuer Bid
BRP Inc. - Common Subordinate Voting Shares (DOOO)
Company Research
Source: GlobeNewswire
VALCOURT, Quebec, July 19, 2019 (GLOBE NEWSWIRE) -- BRP Inc. (TSX:DOO; NASDAQ:DOOO) today announced the preliminary results of its substantial issuer bid ("SIB"), pursuant to which BRP offered to purchase for cancellation a number of its subordinate voting shares ("Shares") for an aggregate purchase price not to exceed $300 million at a purchase price of not less than $44.00 and not more than $52.00 per Share. The SIB expired at 11:59 p.m. (Montreal time) yesterday, July 18, 2019. All dollar amounts are in Canadian dollars. In accordance with the terms and conditions of the SIB and based on the preliminary calculation of Computershare Trust Company of Canada ("Computershare"), as depositary for the SIB, BRP expects to take up and pay for 6,342,494 Shares at a price of $47.30 per Share under the SIB, representing an aggregate purchase price of approximately $300 million and 6.6% of the total number of BRP's issued and outstanding Shares and multiple voting shares before giving effec
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Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 10/17/24 - Form 6-K
- DOOO's page on the SEC website