Company Completes Buyback Program with Repurchase of 467
Co. has completed repurchase of 3.7M shares, 6.44% for $506.54M, announced in May
Co. has completed repurchase of 3.7M shares, 6.44% for $506.54M, announced in May ‘
Company Completes Buyback Program with Repurchase of 467
On October 1, 2022, the company began repurchasing 467 shares, representing 0.000807% of its total outstanding shares for $0.15 million. This marks the completion of the buyback announced on May 26, 2016, which included 3,697,815 shares or 6.44% of its total outstanding shares for a total of $506.54 million.
The company’s board of directors approved this buyback program in order to increase shareholder value and return capital to shareholders over time. The completion of this program is a testament to the company’s commitment to delivering long-term value for its investors and stakeholders alike.
Final Thought: With the successful completion of this buyback program, the company has demonstrated its dedication to maximizing shareholder value and achieving long-term success.