- BrightView Holdings Inc BV Board authorized a share repurchase program totaling $250 million. The program has no time limit.
- The buyback is effective immediately and allows for ongoing and profitable investment in the business while utilizing moderate balance sheet leverage and facilitating opportunistic share repurchases.
- The company says the share repurchase authorization announced does not affect its previously stated and ongoing mergers and acquisitions strategy.
- BrightView held $123.7 million in cash and equivalents as of September 30, 2021.
- Price Action: BV shares closed lower by 1.10% at $13.46 on Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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