Wingstop Enters $125M Accelerated Share Repurchase Agreement
Portfolio Pulse from Benzinga Newsdesk
Wingstop Inc. has entered into a $125 million accelerated share repurchase (ASR) agreement. This move is expected to quickly reduce the number of shares available in the market, potentially leading to an increase in the stock's price.
August 24, 2023 | 12:02 pm
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Wingstop's $125M ASR agreement could potentially lead to an increase in the stock's price by reducing the number of shares available in the market.
Accelerated share repurchase agreements are generally used by companies to reduce the number of shares available in the market, which can lead to an increase in the stock's price due to the reduced supply. Given that Wingstop has entered into a $125M ASR agreement, it is likely that the company's stock price could increase in the short term.
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