EVERTEC Enters into Accelerated Share Repurchase Agreement with Bank of America
Wednesday, 6 March 2024, 12:42
EVERTEC Share Repurchase Agreement Details
EVERTEC has recently entered into an accelerated share repurchase agreement worth $70M with Bank of America. The agreement includes an extended expiration date and an increased authorization to $220M.
Key Points:
- Increased Authorization: The authorization for share repurchase has now been raised to $220M.
- Extended Expiration: The agreement includes a prolonged expiration date, showcasing a long-term commitment.
This strategic move emphasizes EVERTEC's focus on enhancing shareholder value and positive market outlook.
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