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Loblaw, parent company George Weston enter automatic share buyback plans

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Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have both entered into automatic share purchase plans with brokers.

Jay Strosberg, managing partner at Strosberg Wingfield Sasso LLP, joins BNN Bloomberg to discuss the landmark $500M settlement reached with George Weston and Loblaw.

Loblaw’s program, which runs until May 5 of next year, would see it purchase up to 15.3 million shares.

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