Air Canada (AC) Expects to Buy $800M Shares at $29; ~9.8% of Float

Air Canada announced preliminary SIB results: it expects to repurchase 27,586,206 shares at $29.00 per share for ~$800M, or about 9.8% of shares outstanding, with an expected proration of ~41% due to oversubscription.Material DetailsContext by AI AnalystThis is a late-stage confirmation of capital…