Imperial announces intention to launch substantial issuer bid for up to $1,500,000,000

Calgary, alberta--(business wire)--imperial oil limited (tse: imo, nyse american: imo) announced today that the board of directors, on the recommendation of a special committee of independent directors, has authorized a substantial issuer bid (the “offer”) pursuant to which the company will offer to purchase for cancellation up to $1,500,000,000 of its common shares (the “shares”). the company anticipates that the terms and pricing will be determined, and the offer will commence, during the nex.
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