© Reuters. 3 Material Stock Buybacks Today
The Beauty Health Company (SKIN) shares gained more than 11% today following the company’s announcement, according to which its Board of Directors has authorized a share repurchase program of up to $200 million.
Of the $200 million repurchase program, $100 million is for an accelerated repurchase agreement with JPMorgan Chase Bank, N.A., under which the company will make a payment of $100 million and will receive an initial delivery of approximately 7.7 million shares of the company’s common stock on September 29, 2022.
With the Q4 earnings release today, Jabil (JBL) announced that its Board of Directors has authorized a share repurchase program of up to $1 billion in common stock.
With its Q4 results announcement today, United Natural Foods, Inc.’s (UNFI) Board of Directors approved a new stock repurchase program of up to $200 million of its shares over four years.
By Davit Kirakosyan
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