Before this transaction, the company was buying actively between March 6 and March 22, paying an average of between $1.36 and $1.40 each share for between 100,000 and 150,000 shares each day.
Food Empire Holdings, fresh from reporting record earnings, has been steadily buying back shares on the open market this past month.
The most recent was on March 25 when the company acquired 100,000 shares at $1.345 each. This brings the total bought back under the current mandate to more than 9 million shares, equivalent to 1.69% of the company.
