MeridianLink Entered Into A Privately Negotiated Transaction To Repurchase 1.52M Shares At $16.43/Share, For Approximately $25M
Portfolio Pulse from Benzinga Newsdesk
MeridianLink has entered into a privately negotiated transaction to repurchase 1.52 million shares at $16.43 per share, for a total of approximately $25 million.
September 11, 2023 | 11:35 am
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MeridianLink's repurchase of 1.52 million shares could indicate the company's confidence in its own stock, potentially leading to a positive impact on the stock price.
Share repurchases often signal a company's belief that its stock is undervalued. This could lead to increased investor confidence, potentially driving up the stock price. However, the actual impact will depend on market conditions and investor perceptions.
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