Premier Executed $400M Accelerated Share Repurchase Transaction During Q3, Which Will Be Fully Settled By Q1 Fiscal 2025
Portfolio Pulse from Benzinga Newsdesk
Premier Inc. executed a $400M accelerated share repurchase (ASR) transaction during its third quarter, with full settlement expected by the first quarter of fiscal 2025.

May 07, 2024 | 10:36 am
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Premier Inc. has initiated a $400M accelerated share repurchase transaction, indicating a strong cash position and a commitment to returning value to shareholders. Full settlement is anticipated by Q1 fiscal 2025.
Accelerated share repurchase transactions often signal a company's confidence in its financial stability and future prospects. By reducing the number of shares outstanding, such transactions can lead to an increase in earnings per share (EPS), potentially boosting the stock price in the short term. Given the size of the transaction and the timeline for settlement, this move by Premier Inc. is likely to be viewed positively by investors.
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