- Tempur Sealy International Inc's TPX Board of Directors has increased the authorization for the share repurchase program to a total of $1.5 billion.
- Tempur Sealy repurchased about 20 million shares at an aggregate cost of approximately $700 million in the trailing twelve months that ended September 30, 2021.
- This new approval represents approximately 15% of the company's current market capitalization.
- Tempur Sealy held $503.3 million in cash and equivalents as of September 30, 2021.
- Price Action: TPX shares are trading lower by 0.47% at $44.62 on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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