- Adtalem Global Education Inc ATGE has entered into an accelerated share repurchase (ASR) agreement with Morgan Stanley & Co LLC to repurchase $150 million of the company's common stock.
- The company will fund the ASR with existing cash resources.
- As announced recently, Adtalem will repurchase up to $300 million of the company's common stock over the next 36 months.
- The company held $276.6 million in cash and equivalents as of December 31, 2021.
- Price Action: ATGE shares are trading higher by 4.20% at $26.55 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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