Acushnet Holdings Corp Says In Connection With Its Existing $1B Share Repurchase Authorization, Entered Into An Agreement With Magnus Holdings To Purchase Up To $62.5M Of Shares Of Its Common Stock From Magnus On A Share-For-Share Basis
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Acushnet Holdings Corp has entered into an agreement with Magnus Holdings to purchase up to $62.5 million of its common stock from Magnus under its existing $1 billion share repurchase authorization.
June 14, 2024 | 8:09 pm
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Acushnet Holdings Corp (GOLF) has entered into an agreement to repurchase up to $62.5 million of its common stock from Magnus Holdings, as part of its $1 billion share repurchase authorization.
The share repurchase agreement indicates a positive outlook from the company on its own stock, which is generally perceived positively by investors. This could lead to a short-term increase in the stock price.
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