Air Canada (AC) Buys Back $800M of Shares at $29

Air Canada completed an $800M substantial issuer bid, buying 27,586,206 shares at $29. The purchase equals about 9.8% of pre-offer shares; about 252.7M shares remain outstanding. The offer was oversubscribed and subject to proration.Material DetailsContext by AI AnalystThis is a late-stage confirma…