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Intertain plans buy-back of “undervalued” stock

9th September 2015 9:30 am GMT

Canadian online gaming operator Intertain Group has applied to purchase and cancel up to 3.62 million of its shares, stating that the current price does not reflect the underlying value of the business.

The normal course issuer bid (NCIB) is subject to approval by the Toronto Stock Exchange (TSX) and would see the company purchase and cancel up to 3,617,740 common shares of Intertain over a one year period, representing approximately 5 [...]

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