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RB Global Announces Intended US$500 Million Share Repurchase Program
Businesswire· 2026-03-09 12:00
Core Viewpoint - RB Global, Inc. has announced a new share repurchase program with an authorization to repurchase up to US$500 million of its common shares, pending approval from the Toronto Stock Exchange [1] Group 1: Share Repurchase Program - The Board of Directors has authorized a share repurchase program aimed at utilizing the company's funds effectively [1] - The repurchase will be conducted on an opportunistic basis, influenced by market conditions, share price, and other strategic investment opportunities [1] - Funding for the repurchase will come from the company's cash reserves or its senior credit facility [1] Group 2: Company Overview - RB Global is a leading omnichannel marketplace providing insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles globally [1] - The company operates through a global network of auction sites and digital platforms, serving various asset classes including automotive, construction, and agriculture [1]