TVA Group offers to purchase 8.8% of its outstanding Class B shares

MONTREAL – TVA Group Inc. is hoping to repurchase about 8.8% of all its currently issued and outstanding Class B shares. TVA offered Monday to purchase up to 2 million of its participating Class B non-voting shares for $17 per share. “We believe that repurchasing outstanding Class B Shares represents an attractive investment and an appropriate and desirable use of our available funds and that our publicly traded Class B Shares are currently undervalued. We have, therefore, decided to reduce the number of shares outstanding because it is in the best interest of the company and its shareholders,” stated TVA...