(December 18 – 12:20 ET) – CIBC today announced it has received regulatory approval from The Toronto Stock Exchange for its normal course issuer bid announced on Decenber 7.
Under the bid, CIBC may purchase for cancellation up to 18.8 million common shares, just under 5% of its outstanding common shares at November 30.
The bid will start on December 20 and may continue to Dec.19, 2001.
-IE Staff
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