Consider a headline from Bloomberg last month:

i) How can you immediately assess whether investors thought this was a good move by management?

ii) Although the share price should not nominally increase initially what might eventually happen to the share price and why?

iii) From a cliental approach which shareholder segment would be most attracted by a share repurchase? (retail (you and me), institutional, wealthy investors)

George Weston puts 139-year-old bakery unit up for sale Mar 23, 2021 Noah Zivitz, BNN Bloomberg George Weston Ltd. is hunting for a buyer for its 139-year-old Weston Foods bakery division, marking a strategic pivot that will also trigger a cascade of management changes. In a release early Tuesday, the Toronto-based conglomerate announced it launched a process to divest its bakery unit after a strategic review conducted by its board of governors. Weston Foods owns some of Canada's best known bread brands, including ACE Bakery, D'Italiano, Wonder, and Country Harvest. It generated $2.1 billion in sales in 2020 and delivered $200 million in adjusted EBITDA. George Weston said in its release that it will continue to support its workforce during the sale process and that it expects eventual proceeds from the process will go toward share repurchases..... George Weston puts 139-year-old bakery unit up for sale Mar 23, 2021 Noah Zivitz, BNN Bloomberg George Weston Ltd. is hunting for a buyer for its 139-year-old Weston Foods bakery division, marking a strategic pivot that will also trigger a cascade of management changes. In a release early Tuesday, the Toronto-based conglomerate announced it launched a process to divest its bakery unit after a strategic review conducted by its board of governors. Weston Foods owns some of Canada's best known bread brands, including ACE Bakery, D'Italiano, Wonder, and Country Harvest. It generated $2.1 billion in sales in 2020 and delivered $200 million in adjusted EBITDA. George Weston said in its release that it will continue to support its workforce during the sale process and that it expects eventual proceeds from the process will go toward share repurchases