Share Repurchase
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Brink's Announces New $750M Share Repurchase Authorization
Globenewswire· 2025-12-11 12:30
Core Viewpoint - The Brink's Company has announced a new share repurchase program, reflecting confidence in its financial performance and future cash flow generation [2]. Group 1: Share Repurchase Program - The new share repurchase program is authorized for $750 million, representing more than 15% of the company's current market capitalization [2]. - This new authorization is in addition to a previous $500 million program that is set to expire on December 31, 2025 [2]. - The new program is expected to expire on December 31, 2027 [2]. Group 2: Financial Performance and Strategy - Brink's has a track record of consistent performance and anticipates an increase in free cash flow as it continues to execute its ATM managed services and digital retail solutions growth strategy [2]. - Since 2022, the company has retired over seven million shares and returned over $725 million in capital through dividends and share repurchases [2]. Group 3: Company Overview - The Brink's Company is a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, serving customers in over 100 countries [3]. - Its customer base includes financial institutions, retailers, government agencies, mints, jewelers, and other commercial operations [3].
Royal Caribbean (RCL) Stock Surges On Fed Rate Cut, $2 Billion Buyback Plan
Benzinga· 2025-12-10 21:15
Royal Caribbean Cruises Ltd (NYSE:RCL) shares are rallying on Wednesday afternoon. The surge follows a bullish combination of internal capital return announcements and a supportive monetary policy shift from the Federal Reserve.Here’s what investors need to know.Royal Caribbean stock is charging ahead with explosive momentum. What’s fueling RCL momentum?What To Know: The cruise operator announced a quarterly dividend of $1 per share and authorized a new $2 billion share repurchase program. This follows the ...
Pure Storage Announces $400 Million Share Repurchase Authorization
Prnewswire· 2025-12-10 21:05
Core Insights - Pure Storage has announced an incremental share repurchase authorization of up to $400 million, marking the largest-ever share repurchase authorization for the company [1][3] - This new authorization is in addition to the approximately $20 million remaining from the previously announced $250 million share repurchase program initiated in February 2025 [2][3] - The share repurchase will be funded from available cash on the balance sheet and will be executed at management's discretion through various methods, without an expiration date [3] Financial Position - The CFO of Pure Storage emphasized that this decision reflects the company's strategic value, long-term trajectory, and strong financial position [3] - The company remains committed to disciplined capital allocation and enhancing shareholder value while continuing to invest in technology innovation [3] Repurchase Program Details - The repurchase program allows for opportunistic buybacks of Class A common stock and can be suspended or discontinued at any time without prior notice [3] - Various approaches for repurchases include open market transactions, privately negotiated transactions, and structured transactions through investment banking institutions [3]
MKTX Sets 2026-2028 Growth Targets, Boosts Share Buybacks
ZACKS· 2025-12-10 19:51
Core Insights - MarketAxess Holdings Inc. (MKTX) has announced medium-term financial objectives and plans for shareholder value return through share repurchases [1] Financial Targets - MarketAxess aims for average annual total revenue growth of 8-9% and an average annual improvement in operating margin of 75-125 basis points from 2026 to 2028 [2][10] - The targets are based on a stable business portfolio and projected average annual growth rates of approximately 6% in composite credit market average daily volume (ADV) and around 5% in U.S. government bond TRACE market ADV [3] Technology and Client Experience - Management's confidence in sustained technology investments is expected to enhance trading protocols and workflow tools, leading to improved client experience and revenue growth [4] Share Repurchase Program - The board has approved an additional share repurchase program of up to $400 million, adding to the existing unused capacity of $105 million, resulting in a total repurchase capacity of $505 million [5][10] - Of this total, $300 million is designated for an Accelerated Share Repurchase (ASR) agreement with JPMorgan Chase Bank, with an initial share value of approximately $240 million expected [6] - The ASR will be financed through $80 million from cash reserves and $220 million from borrowings, leaving $205 million for future repurchases at the company's discretion [7] Financial Position - MarketAxess maintains a strong financial position with cash and cash equivalents of $473.3 million as of September 30, 2025, and a 6.9% increase in net cash from operations year-over-year [8]
Azenta Authorizes $250 Million Share Repurchase Program
Prnewswire· 2025-12-10 17:43
BURLINGTON, Mass., Dec. 10, 2025 /PRNewswire/ -- Azenta, Inc. (Nasdaq: AZTA) today announced that its Board of Directors has approved a share repurchase program under which the company may repurchase up to $250 million of its outstanding common stock. The Repurchase Program is intended to enhance shareholder value and capitalize on undervaluation. Repurchases may be made from time to time through open market repurchases, privately negotiated transactions, or by other methods compliant with Rules 10b-18 and ...
Royal Caribbean Declares Dividend and Announces New $2 Billion Share Repurchase Program
Prnewswire· 2025-12-10 14:29
MIAMI, Dec. 10, 2025 /PRNewswire/ -- The Board of Directors of Royal Caribbean Group (NYSE: RCL) today declared a quarterly dividend of $1.00 per common share payable on January 14, 2026 to shareholders of record at the close of business on December 26, 2025. The company also announced today that its Board of Directors has approved the repurchase of up to $2 billion of the company's common stock. "With the completion of the prior $1 billion share repurchase program and the retirement of 3.5 million shares, ...
Ally announces share repurchase authorization
Prnewswire· 2025-12-10 12:30
DETROIT, Dec. 10, 2025 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) announced today that its board of directors has authorized the company to repurchase up to $2.0 billion of its common stock under a multi-year share repurchase program without a set expiration date. Ally may begin repurchasing shares under the program this quarter. "This share repurchase authorization reflects the momentum of our core businesses and our conviction in the path ahead," said Ally CEO Michael Rhodes. The repurchase program ...
Wiley Increases Fiscal 2026 Share Repurchase Allocation to $100 million
Businesswire· 2025-12-10 12:30
Core Viewpoint - Wiley has increased its share repurchase allocation for Fiscal 2026 to $100 million, reflecting a significant rise from previous years [1] Financial Performance - The share repurchase allocation for Fiscal 2025 was $60 million, and for Fiscal 2024 it was $45 million, indicating a consistent upward trend in the company's commitment to returning capital to shareholders [1] - In the first half of Fiscal 2026, Wiley has already executed approximately $35 million of the repurchase allocation, with a goal to complete $65 million by the end of the fiscal year [1]
Fancamp Announces Intention to Launch Normal Course Issuer Bid
Globenewswire· 2025-12-09 23:01
Core Viewpoint - Fancamp Exploration Ltd. has announced a normal course issuer bid (NCIB) to repurchase up to 12,118,116 common shares, representing approximately 5% of its outstanding shares, as a strategy to enhance long-term shareholder value and address perceived undervaluation of its stock [1][3][2]. Summary by Sections Normal Course Issuer Bid (NCIB) - The Board of Directors has authorized the NCIB, which is subject to approval from the TSX Venture Exchange (TSX-V) [1]. - The NCIB is expected to commence around December 16, 2025, and will last for 12 months unless completed or terminated earlier [4]. - The purchases will be made on the open market at prevailing market prices, with the actual number and timing of shares purchased dependent on market conditions [2][3]. Management Commentary - Rajesh Sharma, President and CEO, stated that the NCIB reflects the belief that the current share price does not accurately represent the Corporation's value and future prospects, especially during the Spin Out process [2]. Financial Strategy - The Corporation views the repurchase of its shares as a suitable use of financial resources aimed at increasing long-term shareholder value [3]. - The NCIB is part of a broader strategy to enhance shareholder returns amid ongoing developments in the Corporation's business [3]. Additional Updates - Fancamp has entered into an amendment to an option agreement with Harfang Exploration Inc. to acquire up to an 80% interest in the Egan mineral property, pending TSX-V approval [6]. - The amendment specifies that shares issued to Harfang will be priced based on the volume-weighted average trading price over the preceding 10 trading days, with a minimum price of $0.064 per share [6]. Company Overview - Fancamp is focused on mineral exploration with interests in various high-potential projects across Canada, including copper, gold, zinc, and titanium [7]. - The Corporation holds significant interests in several mining operations and is developing advanced technologies for titanium extraction and waste recycling [8].
Teleflex Announces Sale of Acute Care, Interventional Urology, and OEM Businesses for $2.03 Billion
Globenewswire· 2025-12-09 14:04
Core Viewpoint - Teleflex Incorporated has announced the sale of its Acute Care, Interventional Urology, and OEM businesses for a total of $2.03 billion in cash, which will enhance its focus on core medical technology markets and allow for significant capital return to shareholders through a new $1 billion share repurchase program [1][2][4][6]. Group 1: Transaction Details - The transactions involve the sale of the OEM business for approximately $1.5 billion and the Acute Care and Interventional Urology businesses for $530 million, with net proceeds expected to be around $1.8 billion after tax [4]. - The completion of these transactions is anticipated in the second half of 2026, pending regulatory approvals and other customary closing conditions [3]. Group 2: Strategic Focus - The company aims to optimize its portfolio and position itself as a leader in critical care and high acuity hospital markets, focusing on Vascular Access, Interventional, and Surgical businesses [2]. - Following the transactions, Teleflex expects to achieve mid-single-digit growth and enhance operational efficiency, which will drive value for shareholders and improve service delivery to customers and patients [2]. Group 3: Share Repurchase Program - The Board of Directors has authorized a share repurchase program of up to $1 billion, primarily funded by the proceeds from the recent sales [6]. - The repurchase strategy will be flexible, depending on market conditions and other factors, and may include various methods such as open market transactions and privately negotiated deals [7]. Group 4: Advisory Support - Centerview Partners LLC is acting as the financial advisor, while Simpson Thacher & Bartlett LLP serves as legal counsel, and Joele Frank provides strategic communications support to Teleflex [8].