MONTREAL -- Richelieu Hardware Ltd., a Canadian distributor and importer of specialty hardware for furniture, kitchen cabinet, and window and door manufacturers, announced Nov. 24 that the Toronto Stock Exchange has accepted its notice of intention to purchase up to 1,152,630 common shares, representing 5% of the 23,052,612 outstanding common shares as of Nov. 16, 2006, according to the CNW Group. The number of shares that the company intends to purchase, and the time of such purchases, will be determined by the company. During the period of Nov. 29, 2005, to Nov. 28, 2006, the company purchased 137,700 common shares at an average price of $21.0013 per common share, under the terms of its common share buy back program. Read more.
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