The Forzani Group Ltd.  said it has purchased, and returned to treasury for cancellation, the entire 2,664,376 Class “A” common shares it was authorized to purchase.


The company bid on its stock because it believes its common shares are undervalued in the market and are a good investment at current and recent prices. As of Tuesday, the Company has 30,468,045 Common Shares outstanding.


At Tuesday's price, the stock buyback would have cost Forzani $36 million.