Gates Industrial Plans $200M Share Buyback Program

by Akanksha Bakshi, Benzinga Editor

November 17, 2021 12:58 PM | 1 min read |

Gates Industrial Corp PLC GTES board authorized a share repurchase program of up to $200 million of ordinary shares.
The authorization is valid through December 31, 2022.
Gates Industrial had cash and equivalents of $540.6 million as of October 2, 2021. It generated $101.7 million of cash from operations during Q3.
Also read, Gates Industrial, Gogoro Partner To Accelerate Sustainable Urban Transportation.
Price Action: GTES shares are trading higher by 0.30% at $16.82 on the last check Wednesday.

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