George Weston (WN.TO) is renewing its normal course issuer bid (NCIB), and may buy back up to 18.8 million shares, the company said on Monday.
The NCIB will run from May 27 for one year.
Under its prior share buyback, which terminates on May 26, George Weston bought back 11.4 million shares at a weighted average price of $92.95.
George Weston shares closed down $0.37, to $96.46 on Friday, on the Toronto Stock Exchange.
Dye & Durham (DND.TO), a provider of cloud-based legal-practice-management software, on Monday named a new interim chair and added a company co-founder to its board, while also naming a new interim chief financial officer.Mary Filippelli has been appointed chair of the board until the next annual meeting, said the company, adding Eddie Smith has resigned from the board to facilitate Filippelli's appointment."Ms. Filippelli is an accomplished corporate director and former senior executive with extensive experience in governance, financial services, risk management and strategic transformation," said the company. She currently serves as a director of Sylogist (SYZ.TO) and previously served as an independent director of Canadian Western Bank, Fidelity Investments Canada and Ontario Power Generation, noted the company. She was formerly vice chair and managing partner at Deloitte Canada and held senior leadership roles with Lloyds Banking Group in the United Kingdom and KPMG Canada, it added.Additionally, Tyler Proud, co-founder of Dye & Durham and chief executive officer of OneMove Capital Ltd has joined the board as OneMove's nominee, replacing Wendy Cheah, who has stepped down, DND said. In connection with Proud's appointment, Proud and OneMove have agreed to extend certain voting commitments, the company noted, adding that Proud and OneMove have also agreed to extend the standstill period under the OneMove Settlement Agreement to 60 days before the 2027 AGM.DND said Sandra Bell's tenure as interim chief financial officer has concluded, effective immediately, and the board has appointed Steve Waszak as the new interim chief financial officer while the company's search for a permanent one remains ongoing.The company added its previously announced strategic sales process remains ongoing and there are no further updates at this time. "Mr. Proud and OneMove are in full support of the process and will consider the Strategic Committee's recommendation upon its delivery to the Board," added the company.Last July, DND initiated a strategic review that could include a sale of assets. Related to that review, DND entered into a co-operation agreement with Plantro, a large shareholder that had been driving for such a sale. Plantro demanded immediate action from DND to address the nearly $1 billion in lost shareholder value after DND's share price had fallen by around 60% in around six months.Last October, The Canadian Press then reported, another co-founder and former chief executive of DND, Ronnie Wahl, sought to nominate a new board of directors as part of a plan that would see it put up for sale. The reported noted activist investor Engine Capital had successfully pushed for a shakeup at DNN in 2024 and Engine Capital's slate of nominees was appointed after the previous board resigned together ahead of a shareholder vote. Wahi said he has made repeated attempts to constructively engage with the new board, but they have been fruitless, the report also noted.Back in February 2025 DND said it had received an unsolicited offer to buy it.
Brookfield (BN.TO, BN) received approval from the Toronto Stock Exchange (TSX) for the renewal of its normal course issuer bid, to buy-back up to 191-million Class A limited voting shares, about 10% of the public float of Brookfield's outstanding Class A shares, it said on Monday.Purchases under the bid will be made on the open market through the facilities of the TSX, the New York Stock Exchange (NYSE), and/or alternative trading systems. The period of the normal course issuer bid will extend from May 27, 2026, to May 26, 2027, or an earlier date should Brookfield complete its purchases, it said.Brookfield will pay the market price at the time of acquisition for any Class A shares purchased or such other price as may be permitted. As at May 15, the number of Class A shares issued and outstanding totaled 2.45-billion of which 1.91-billion shares represented the public float, it added.The company intends to enter into an automatic share purchase plan on or about the week of June 15, in relation to the bid.Shares of the company closed up 0.2% to $62.71 on Friday on the TSX.
Pembina Pipeline (PPL.TO) is proceeding with the Heartland Extraction Plant and provided an update on its ethane supply agreement with Dow in a Monday news release.The upsized project is a new 750-million-cubic-feet-per-day straddle plant to extract natural gas liquids under Pembina's extraction rights on the Yellowhead pipeline. HEP now includes incremental capacity to accommodate future additional opportunities on a capital efficient basis.Pembina has signed a long-term agreement to supply Dow with ethane starting in late 2029, scaling to 22,500 barrels per day by the end of 2030. Following extraction at HEP, ethane-los mix will be processed at Dow's Fort Saskatchewan facility and Pembina's Redwater Complex.Pembina will retain the associated propane-plus production related to the project and will benefit from downstream fractionation and marketing of up to 9,500 b/d of propane-plus NGL.HEP has an estimated cost of about $570 million and an anticipated in-service date in late 2029.In connection with the new firm volume commitment at HEP, Pembina and Dow have amended the terms of an ethane supply agreement.Under the amended agreement, Pembina will supply Dow with 35,000 b/d of ethane commencing with the start up of Dow's Path2Zero project, which is expected to enter service in 2029. Pembina will source the ethane from its existing supply portfolio.Including the new agreement at HEP and the amended supply agreement, Pembina will supply Dow with a total of 57,500 b/d of ethane, representing a 15% increase compared to the original agreement of 50,000 b/d.