Alight Announces $75M Accelerated Share Repurchase Agreement
Portfolio Pulse from Benzinga Newsdesk
Alight has announced a $75 million accelerated share repurchase agreement, which is expected to reduce the number of outstanding shares and potentially increase the value of remaining shares.
June 18, 2024 | 10:30 am
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Alight has entered into a $75 million accelerated share repurchase agreement. This move is likely to reduce the number of outstanding shares, which can increase the value of the remaining shares and signal confidence from the management.
The accelerated share repurchase agreement will reduce the number of outstanding shares, which typically leads to an increase in the value of the remaining shares. This action also signals confidence from the management in the company's future prospects.
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