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Lassonde Industries to buy back, cancel shares


January 8, 2010
By The Canadian Press

Topics

January
8, 2010, Rougemont, Que. – Beverage and speciality food maker Lassonde
Industries Inc. said it plans to buy back and cancel up to 10 per cent of its
class A subordinate voting shares over the next year.



January
8, 2010, Rougemont, Que. – Beverage and speciality food maker Lassonde
Industries Inc.
said it plans to buy back and cancel up to 10 per cent of its
class A subordinate voting shares over the next year.

The
normal course issuer bid will see the company buy back up to 278,820 of the
2,788,205 class A shares outstanding in the period between Jan. 13, 2010, and
Jan. 12, 2011.

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A
share buy-back reduces the number of shares outstanding, usually increasing the
market value as well as earnings per share.

During
the period from Jan. 13 to Jan. 1, 2010, Lassonde acquired 47,200 class A
subordinate voting shares at a weighted average price of $39.88, the company
said.


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