Repurchase agreement

Alliance Data Announces Stock Repurchase Program

Retrieved on: 
Tuesday, July 9, 2019
Corporate finance, Finance, Economy, Money, Balance sheet, Treasury stock, Repurchase agreement, Stock market, Financial markets

The Company expects to maintain moderate levels of debt over the course of the repurchase program, providing flexibility to pursue portfolio purchases.

Key Points: 
  • The Company expects to maintain moderate levels of debt over the course of the repurchase program, providing flexibility to pursue portfolio purchases.
  • "This repurchase agreement demonstrates the Board's confidence in our business model, our financial performance, and our commitment to delivering value to our stakeholders," said Tim King, chief financial officer of Alliance Data.
  • Under the new repurchase program, the Company is authorized to repurchase shares in open market purchases as well as in privately negotiated transactions from time to time through June 30, 2020.
  • Stock purchased as part of this program will be held as treasury stock.

Alloy Steel International Reports Stock Repurchase

Retrieved on: 
Monday, July 8, 2019
Stock market, Corporate finance, Equity securities, Share repurchase, Stock, Repurchase agreement

PERTH, Australia, July 8, 2019 /PRNewswire/ --Alloy Steel International, Inc. (OTC: AYSI) ("Alloy Steel" or "Company")the manufacturer of Arcoplate and provider of anti-wear and hang-up solutions to the mining and bulk materials industries, based in Perth, Western Australia, today announced the completion of a stock repurchase of the Company's common stock.

Key Points: 
  • PERTH, Australia, July 8, 2019 /PRNewswire/ --Alloy Steel International, Inc. (OTC: AYSI) ("Alloy Steel" or "Company")the manufacturer of Arcoplate and provider of anti-wear and hang-up solutions to the mining and bulk materials industries, based in Perth, Western Australia, today announced the completion of a stock repurchase of the Company's common stock.
  • The Company received an unsolicited offer to purchase and redeem 1,139,403 shares of the Company's issued and outstanding common stock from an independent third party.
  • The timing and amount of the repurchase was determined by the Company's Board of Directors based on its evaluation of market conditions and other factors.
  • The repurchase was funded from the Company's existing cash and cash equivalents.

SAIC Announces $100 Million Negotiated Share Repurchase

Retrieved on: 
Tuesday, July 2, 2019
Defense, Other Science, Other Defense, Science, Contracts, Finance, Financial markets, Stock market, Money, Corporate finance, Share repurchase, Equity securities, Repurchase agreement, Stock, Kohlberg Kravis Roberts

The repurchase is expected to be EPS accretive to shareholders, reduces the amount of stock held by funds affiliated with KKR to below 5%, and accelerates share repurchase activity in fiscal year 2020.

Key Points: 
  • The repurchase is expected to be EPS accretive to shareholders, reduces the amount of stock held by funds affiliated with KKR to below 5%, and accelerates share repurchase activity in fiscal year 2020.
  • The repurchase represents 2.0 percent of the company's shares outstanding and is being made under SAICs existing share repurchase program.
  • The company intends to finance the share repurchase through the use of available cash and incremental borrowings under its existing revolving credit facility.
  • The share repurchase is expected to close on July 2, 2019, subject to customary conditions.

Aviation Security Market - 2019-2025

Retrieved on: 
Wednesday, July 3, 2019
Security engineering, Computer network security, Computer security, Crime prevention, Cybercrime, E-commerce, National security, Marketplace, Repurchase agreement, Prevention, Cyberwarfare

The Chinese & US Aviation Security markets will continue to dominate the market, holding together over 50% of market during the forecast period.

Key Points: 
  • The Chinese & US Aviation Security markets will continue to dominate the market, holding together over 50% of market during the forecast period.
  • This 1325-page market report is the most comprehensive review of the global Aviation Security market available today.
  • What drives the Aviation Security customers to purchase aviation security solutions and services?
  • With a highly fragmented market we address the "money trail" each dollar spent, and the global aviation security market is analyzed and crosschecked via 5 orthogonal viewpoints:

Dollarama Announces Renewal of Normal Course Issuer Bid

Retrieved on: 
Wednesday, July 3, 2019
Stock market, Security, Share repurchase, Issuer, Repurchase agreement, Bond

Dollarama may also purchase common shares for cancellation by way of private agreements or specific share repurchase programs under issuer bid exemption orders issued by a securities regulatory authority.

Key Points: 
  • Dollarama may also purchase common shares for cancellation by way of private agreements or specific share repurchase programs under issuer bid exemption orders issued by a securities regulatory authority.
  • Purchases made by way of private agreement under an issuer bid exemption order issued by a securities regulatory authority will be at a discount to the prevailing market price at the time of the acquisition.
  • All shares purchased pursuant to the normal course issuer bid will be cancelled.
  • Under the normal course issuer bid which expired on June 19, 2019, 30,095,056common shares were sought and approved for purchase by the TSX.

L3Harris Technologies Announces 10% Quarterly Dividend Increase and $4 Billion Share Repurchase Authorization

Retrieved on: 
Monday, July 1, 2019
Maritime, Air, Transport, Telecommunications, Software, Networks, Internet, Hardware, Homeland security, Data management, VoIP, Mobile, Wireless, Public policy, Government, Technology, Law enforcement, Emergency services, Security, Satellite, Other Defense, Contracts, Engineering, Audio, Video, Aerospace, Defense, Manufacturing, Stock market, Share repurchase, Dividend, Repurchase agreement

The Board of Directors of L3Harris Technologies, Inc. (NYSE:LHX) has approved a 10% increase in the companys per share quarterly cash dividend rate from 68.5 cents to 75 cents, corresponding to an increase in the annualized rate from $2.74 to $3.00.

Key Points: 
  • The Board of Directors of L3Harris Technologies, Inc. (NYSE:LHX) has approved a 10% increase in the companys per share quarterly cash dividend rate from 68.5 cents to 75 cents, corresponding to an increase in the annualized rate from $2.74 to $3.00.
  • In addition, the L3Harris Board has approved a new $4 billion share repurchase authorization, and the company expects to repurchase $2.5 billion in shares outstanding over the next twelve months, funded through available cash.
  • This new program replaced Harris and L3s existing share repurchase programs.
  • L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers mission-critical needs.

Citizens Financial Group, Inc. Announces $1.275 Billion Share Repurchase Authorization

Retrieved on: 
Thursday, June 27, 2019
Banking, Professional services, Finance, Stock market, Financial markets, Finance, Companies, Share repurchase, SEC Rule 10b5-1, Repurchase agreement, Accelerated share repurchase, Kering, Citigroup

We are pleased to report that our board has approved a new share repurchase authorization which represents a sizeable increase over our 2018 plan, said Bruce Van Saun, Chairman and Chief Executive Officer.

Key Points: 
  • We are pleased to report that our board has approved a new share repurchase authorization which represents a sizeable increase over our 2018 plan, said Bruce Van Saun, Chairman and Chief Executive Officer.
  • The Company has completed its previously announced 2018 Capital Plan authorization to repurchase up to $1.02 billion of common shares through second quarter 2019.
  • CFGS common share repurchases may be executed in the open market or in privately negotiated transactions, including under Rule 10b5-1 plans and accelerated share repurchase and other structured transactions.
  • Citizens Financial Group, Inc. is one of the nations oldest and largest financial institutions, with $161.3 billion in assets as of March 31, 2019.

Ranger Energy Services, Inc. Announces $5 million Share Repurchase Program

Retrieved on: 
Thursday, June 27, 2019
Energy, Other Energy, Oil, Gas, Stock market, Share repurchase, Repurchase agreement

Ranger Energy Services, Inc. (NYSE: RNGR) (Ranger or the Company) announced that its Board of Directors has authorized a share repurchase program to purchase up to 10% of the Companys currently outstanding Class A Common Stock held by non-affiliates, not to exceed 580,000 shares or $5 million in aggregate value.

Key Points: 
  • Ranger Energy Services, Inc. (NYSE: RNGR) (Ranger or the Company) announced that its Board of Directors has authorized a share repurchase program to purchase up to 10% of the Companys currently outstanding Class A Common Stock held by non-affiliates, not to exceed 580,000 shares or $5 million in aggregate value.
  • The duration of the share repurchase program is 12 months and may be accelerated, suspended or discontinued at any time without notice.
  • The repurchase program will be funded from the Companys existing cash balance or future cash flows.
  • The Company does not expect to incur debt to fund the share repurchase program.

Camtek Closed the Transaction With Chroma

Retrieved on: 
Wednesday, June 19, 2019
Chroma, Migdal, Repurchase agreement, Transaction, Companies, Fictional characters, Elements of fiction

MIGDAL HA'EMEK, Israel, June 19, 2019 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT) is pleased to announce that, further to previous reports, the transaction between Camtek, Priortech Ltd., the controlling shareholder of Camtek, and Chroma ATE Inc. (TAIEX: 2360) has been completed.

Key Points: 
  • MIGDAL HA'EMEK, Israel, June 19, 2019 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT) is pleased to announce that, further to previous reports, the transaction between Camtek, Priortech Ltd., the controlling shareholder of Camtek, and Chroma ATE Inc. (TAIEX: 2360) has been completed.
  • As part of the transaction, Chroma acquired a total of 6,117,440 shares of Camtek for $58.1 million from Priortech, the parent company of Camtek, and a further 1,700,000 new shares issued by Camtek for $16.2 million.
  • Following the closing of the transaction, Chroma now holds approximately 20%, while Priortech holds approximately 24% of the total issued and outstanding shares of the Camtek.
  • In addition, at the closing of the transaction the following agreements entered into effect: (i) a technological cooperation agreement between Camtek and Chroma; (ii) a shareholders rights agreement between Priortech and Chroma; and (iii) the second amended and restated registration rights agreement between Camtek, Chroma and Priortech (which provides Chroma and Priortech with certain rights in connection with participation in the issuance of Camtek shares and the registration of Camtek shares held by Chroma and Priortech following the closing of the transaction).

Synovus Announces Increase of Share Repurchase Authorization

Retrieved on: 
Monday, June 17, 2019
Professional services, Banking, Finance, Stock market, Share repurchase, Synovus, Repurchase agreement, Companies

Synovus Financial Corp. (the Company) (NYSE: SNV) announced today that the Companys Board of Directors has increased its prior $400 million share repurchase authorization to $725 million for the year 2019.

Key Points: 
  • Synovus Financial Corp. (the Company) (NYSE: SNV) announced today that the Companys Board of Directors has increased its prior $400 million share repurchase authorization to $725 million for the year 2019.
  • The Company has previously repurchased approximately $325 million of its common stock under the share repurchase program, leaving approximately $400 million of additional availability during 2019.
  • The Company expects to fund the share repurchase through a combination of cash on hand, future cash flow from operations, borrowings and financings.
  • These forward-looking statements are made to provide the public with managements current expectations with regard to the share repurchase program.