|Canadian National Railway Company - CNR.t offers integrated transportation services: rail, intermodal, trucking, freight forwarding, warehousing and distribution. |
The company is a world-class transportation leader.
CN (TSX: CNR) (NYSE: CNI) announced today that it will repurchase common shares under a specific share repurchase program (Program). The purchase will form part of the Normal Course Issuer Bid for up to 33 million shares (Bid) announced on Oct. 25, 2016.
CN will enter into an agreement (Agreement) with a third party to repurchase common shares through daily purchases that will take place upon the completion of the previous agreement to March 15, 2017, subject to a maximum of 4,840,000 common shares.