secwatch.observer — SEC 8-K summary
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Issuer:     CANADIAN PACIFIC KANSAS CITY LTD/CN (CP)
CIK:        0000016875
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001193125-25-038544
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPKC announces NCIB to repurchase up to 4% of shares (~37.3M shares) starting March 3, 2025
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- Up to 37.3M common shares (~4% of outstanding) authorized for repurchase; program runs from March 3, 2025 to March 2, 2026.
- CEO Keith Creel cites strong free cash flow and growth pipeline as confidence to reinstitute buyback.
- Purchases will be made on TSX, NYSE, and alternative trading systems; shares immediately cancelled.
- CPKC expects to enter automatic purchase plan for purchases during blackout periods.
- As of Feb 18, 2025, 933.7M shares outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16875/000119312525038544/0001193125-25-038544-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16875/000119312525038544/d879569d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-038544

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