- Accel Entertainment Inc ACEL Board of Directors has approved a share repurchase program of up to $200 million shares of common stock.
- The company plans to decide the timing and the actual number of shares based on various factors, including price, general business and market conditions, and alternative investment opportunities.
- “We are excited to pursue a potential return of capital to stockholders in conjunction with furthering our mission of capturing growth across the country,” said CEO Andy Rubenstein.
- Accel held $179.8 million in cash and equivalents as of September 30, 2021.
- Price Action: ACEL shares are trading higher by 5.63% at $12.95 on the last check Monday.
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