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BRIEF-CN to purchase its common shares under a specific share repurchase program

Published 2016-02-05, 04:15 p/m
© Reuters.  BRIEF-CN to purchase its common shares under a specific share repurchase program
CNI
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Feb 5 (Reuters) - Canadian National Railway Co CNR.TO :
* Cn to purchase its common shares under a specific share repurchase program
* Says the purchase will form part of the ncib for up to 33 million shares
announced on October 27, 2015
* Says third party will purchase cn's common shares on the open market for its
own account
* To enter agreement with a third party to repurchase common shares subject to
a maximum of 1.5 million common shares
* Daily purchases will take place from March 1, 2016, or upon the completion of
the previous agreement to March 11, 2016
* Will acquire shares from third party as part of bid and such common shares
will be cancelled upon purchase by cn

* Source text for Eikon ID:nCNWvP9JTa

* Further company coverage CNR.TO

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