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Saputo Inc. stock jumped 3.1 per cent and set a year-to-date high of $43.88 on Feb. 22 after announcing it has agreed to acquire Britain-based dairy company Dairy Crest for approximately $1.7-billion in cash. The acquisition would give Saputo an entry into the British market.

Following the news, an insider bought despite the stock’s relative price strength. On Feb. 26, chief human-resource officer Gaetane Wagner spent $200,166 to acquire a total of 4,663 common shares on a direct ownership basis at an average price of $42.93.

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Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.

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Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 23/05/24 4:00pm EDT.

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